Wednesday, August 21, 2019Canada's Leading Online Business Magazine

Blockchain Foundry and Bitbuy Announce Strategic Partnership

CBJ Newsmakers

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR RELEASE, PUBLICATION OR DISSEMINATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

TORONTO, Jan. 22, 2019 (GLOBE NEWSWIRE) — Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is pleased to announce a strategic partnership with Bitbuy, a leading online trading platform that enables users to buy and sell digital currencies.

The two firms intend to cooperate on several initiatives covering various aspects of the digital asset industry. The near-term products that BCF and Bitbuy intend to cooperate on are:

  • The build-out of a fiat currency to Syscoin onramp for BCF’s suite of products, including its upcoming Pangolin payment and smart contract plugin;
  • The addition of Syscoin to Bitbuy’s digital asset trading platform; and
  • Participation in BCF’s affiliate sales program for ARCHOS’ cold-storage devices and cooperation with BCF to provide device users with access to Bitbuy’s fiat and digital asset trading services.  

“We are looking forward to the partnership with Blockchain Foundry to help spread the adoption of the Syscoin protocol and ARCHOS’ hardware devices,” said Adam Goldman, co-founder of Bitbuy. “We believe that through their proven experience and strong presence, this partnership will provide value to existing and future Bitbuy users.”

“Bitbuy’s fiat on ramp and digital asset trading platforms are valuable components of the blockchain ecosystem,” said Dan Wasyluk, CEO of Blockchain Foundry Inc. “We are excited to be partnering with them to bring both the ARCHOS Safe-T Touch device and Bitbuy’s robust platform services to a larger user base.”

About Blockchain Foundry Inc.

Blockchain Foundry develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology into their businesses.

About Bitbuy

Originally founded in 2013, Bitbuy identified a need for a platform allowing Canadians easy access to Bitcoin. Fast forward to 2018, Bitbuy’s founding mission remains the same: to provide convenient, dependable and secure access to Bitcoin and other digital currencies. Bitbuy is a division of First Ledger Corp., a Toronto based fintech and blockchain company.

Bitbuy Media Contact Information

Jordan Anderson
Sales & Marketing
jordan@bitbuy.ca

Blockchain Foundry Media Contact Information

Christopher Marsh
Chief Financial Officer
cmarsh@blockchainfoundry.co

Forward-Looking Information

Certain portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on historical fact. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continues”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” “could,” “would” or might, and the negative of such expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information.

Forward-looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all. Readers should not place undue reliance on such forward-looking statements, as they reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BCF are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties, and contingencies. Many factors could cause BCF’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements.

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