Loop Insights Integrates Bitcoin, Ethereum and Litecoin Into Contactless Payments Platform For Retail Customers and Enterprise Partners, With Patent-Pending Technology Filed in 2019, As Cryptocurrency Payments Undergo Global Paradigm Shift Toward Mass Acceptance In 2021

VANCOUVER, British Columbia, Jan. 19, 2021 (GLOBE NEWSWIRE) — Loop Insights Inc. (MTRX:TSXV RACMF:OTCQB) (the “Firm” or “Loop”), a supplier of contactless options and synthetic intelligence (“AI”) to drive real-time insights, enhanced buyer engagement, and automatic contact tracing to the brick and mortar area, is happy to announce the ultimate integration of main cryptocurrency funds into the Firm’s contactless cost platform. Preliminary integration was ready in 2018, with patents filed in 2019 and placed on standby in anticipation of at this time’s world commerce and regulatory acceptance of cryptocurrency funds. 

The strategies described within the 2019 patent software present a novel methodology of facilitating and verifying cryptocurrency funds, all carried out with the basic Loop precept of not requiring POS integration to realize these objectives.  

Loop Insights CEO Rob Anson said: “Whereas many firms attempt to use cryptocurrencies as a buzz phrase, Loop has been method forward of this world paradigm shift to the delight of our clients and companions who need be forward of what we anticipate being a parabolic progress decade for cryptocurrency transactions and funds. Our Fobi system is already configured to just accept main cryptocurrencies together with Bitcoin, Ethereum, and Litecoin, offering retailers with new long-term alternatives for progress and Enterprise companions with a fair stronger worth proposition that already consists of our world-leading synthetic intelligence-driven, real-time transaction know-how.”   

LOOP’S CRYPTOCURRENCY PAYMENT PROCESSING KEEPS PACE WITH RECENT SHIFT BY WORLD’S LARGEST COMPANIES AND PAYMENT PROCESSORS
COVID-19 accelerated the demand for contactless cost options, whereas the restoration and new all-time highs in cryptocurrency costs accelerated the tempo of change in monetary providers, with shoppers world wide adopting and demanding the flexibility to transact in digital currencies. 

Loop Insights allows conventional brick and mortar retail shoppers and world enterprise companions to keep up or speed up their management positions by simply accepting funds within the huge, rising cryptocurrency area, which has seen important progress in each retailers and cost processors accepting cryptocurrencies together with:

• AT&T grew to become the First Cellular Service to Settle for Cost in Cryptocurrency
• Microsoft accepting cryptocurrency on their web site and Xbox retailer
• Visa just lately submitting a cryptocurrency system patent
• PayPal and Venmo accepting cryptocurrency for all on-line funds
• Sq.’s Money App launching a Bitcoin Auto Funds Device

HOW IT WORKS

Loop’s Fobi system will create a novel QR code that may be printed or exhibited to a buyer, permitting them to ship funds via a cell pockets software equivalent to these designed to assist main cryptocurrencies. The platform will then talk with the retailer, depositing the sum in both cryptocurrency or native FIAT forex. As a result of the Fobi platform shouldn’t be depending on any particular person cryptocurrency, clients are free to make use of whichever cryptocurrency they like, utilizing the cell pockets of their selection.

Moreover, Loop’s Fobi system offers unbelievable flexibility and forex danger mitigation by permitting the retailer to determine whether or not they want to obtain a FIAT forex or maintain the cryptocurrency utilized in cost for future use. Shifting ahead, Loop will proceed to work with main cryptocurrency exchanges equivalent to Kraken, BitFinex, and Binance to transform funds made in cryptocurrency into native FIAT currencies.

Loop Insights CTO Casey Matson-DeKay said: “I’ve been concerned in crypto since 2012 and acknowledged the necessity for hardware-based options to allow digital funds, significantly cryptocurrencies. Via the facility of Loop’s Fobi system, we’re in a position to immediately course of cryptocurrency funds, confirmed by the retailer via our platform, permitting shoppers to make use of contactless cost choices equivalent to cryptocurrencies at extra retail places.”

This Press Launch Is Obtainable On The Loop Insights Verified Discussion board On AGORACOM For Shareholder Dialogue And Administration Engagement https://agoracom.com/ir/LoopInsights/forums/discussion

About Loop Insights

Loop Insights Inc. is a Vancouver-based Web of Issues (“IoT”) know-how firm that delivers transformative synthetic intelligence (“AI”) automated advertising, contact tracing, and contactless options to the brick and mortar area. Its distinctive IoT system, Fobi, allows information connectivity throughout on-line and on-premise platforms to supply real-time, detailed insights and automatic, customized engagement. Its potential to combine seamlessly into present infrastructure, and customise campaigns based on every vertical, creates a extremely scalable answer for its potential world shoppers that span industries. Loop Insights operates within the telecom, on line casino gaming, sports activities and leisure, hospitality, and retail industries, in Canada, the US, the UK, Latin America, Australia, Japan, and Indonesia. Loop’s services and products are backed by Amazon’s Associate Community.

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This information launch incorporates sure statements that represent forward-looking statements or data, together with statements relating to Loop’s enterprise and know-how; the flexibility of Loop to have interaction with business members to realize its objectives; the event of Loop’s know-how; and the viability of Loop’s enterprise mannequin. Such forward-looking statements are topic to quite a few dangers and uncertainties, a few of that are past Loop’s management, together with the impression of common financial circumstances, business circumstances, competitors from different business members, inventory market volatility, and the flexibility to entry adequate capital from inside and exterior sources. Though Loop believes that the expectations in its forward-looking statements are affordable, they’re primarily based on elements and assumptions regarding future occasions which can show to be inaccurate. These elements and assumptions are primarily based upon at present accessible data. Such forward-looking statements are topic to identified and unknown dangers, uncertainties, and different elements that might affect precise outcomes or occasions and trigger precise outcomes or occasions to vary materially from these said, anticipated, or implied within the forward-looking statements. As such, readers are cautioned to not place undue reliance on the forward-looking statements, as no assurance may be offered as to future outcomes, ranges of exercise or achievements. The forward-looking statements contained on this information launch are made as of the date of this information launch and, besides as required by relevant regulation, Loop doesn’t undertake any obligation to publicly replace or to revise any of the included forward-looking statements, whether or not because of new data, future occasions or in any other case. The forward-looking statements contained on this doc are expressly certified by this cautionary assertion. Buying and selling within the securities of Loop must be thought-about extremely speculative. There may be no assurance that Loop will be capable of obtain all or any of its proposed goals.

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