ATLANTA, GA / Dutch Gold Resources, Inc. (DGRI.OTC) (the "Company") (http://dutchgoldinc.com) today announced that it has begun development of a proprietary Peer to Peer (P2P) Payments technology specifically for the MMJ sector.
Said Dan Hollis, CEO, "Our Point of Banking solution requires customers to be onsite to initiate a PIN based transaction. By developing our own P2P platform, we intend to give merchants and consumers a more flexible payment system. This will be especially important for delivery services, mitigating the risk of drivers having to carry large amounts of cash. Further, this development will support repeat transactions between merchants and consumers in a regulatory compliant manner, whether in person, online or mobile."
The Company expects to complete the development of this new offering during the second quarter. Based on feedback from existing dispensaries, the rollout of this product will commence immediately thereafter.
Currently, some MMJ retailers are paying up to 9% for merchant services. The Company believes that it can drive down costs to the MMJ sector, while providing ample margins for its shareholders. The development of this proprietary technology can add shareholder value, and help solidly position the Company in the P2P payments sector.
For a detailed explanation of P2P payments, interested investors may use the following link: http://www.investinganswers.com/financial-dictionary/personal-finance/person-person-payments-p2p-2584.
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Dutch Gold Resources, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
For further information, please see www.DutchGoldInc.com or please contact Daniel Hollis, CEO of Dutch Gold Resources, Inc. at 404-981-7424.
SOURCE: Dutch Gold Resources, Inc.
Release ID: 38234