CHICAGO, IL--(Marketwired - May 10, 2017) - Epazz, Inc . (
Zenapay is being developed to solve a major problem in the 420 industry: getting paid. For cannabis related businesses, the largest issue they face is how to be paid for their product. Traditional banking systems will not allow 420 industries access to their payment systems. Zenapay is offering clients a cutting-edge payment solution that allows consumers to buy cannabis online or in-store using Bitcoin. The new payment system offers a unique cannabis payment software , allowing consumers to use the digital currency to make a purchase at the store with ease. Additionally, the process is anonymous because all transaction details are encrypted through Bitcoin. This process allows stores to accept digital currency instead of only cash.
Zenapay is currently recruiting beta customers. Some of the chief advantages of the payment system include:
- Cash-only merchants who want to accept a more reliable form of payment.
- Anonymity -- The customer does not have to share their name or personal details if they do not want to.
Additionally, the new system has been designed to be seamlessly integrated with merchant's store flow.
Shaun Passley, PhD, CEO of Epazz, stated, "We are filling a large need in the cannabis community for a payment system for merchants due to the stringent limitations by the standard banking systems. Zenapay is our solution and we expect to start realizing revenues from it later this year. We have the ability to license the software to numerous merchants in many states."
About Epazz, Inc. ( www.epazz.com ) Epazz, Inc. is a leading cloud-based-software company that specializes in providing customized cloud applications to the corporate world, higher-education institutions and the public sector. Epazz BoxesOS™ v3.0 is the complete business web-based software package for small- to mid-size businesses, Fortune 500 enterprises, government agencies and higher-education institutions.
SAFE HARBOR "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by the use of forward-looking statements such as "may," "expect," "intend," "estimate," "anticipate," "believe" and "continue" (or the negative thereof) or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results or those implied by such forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results may differ materially from those contemplated by such forward-looking statements. Epazz, Inc. assumes no obligation and has no intention of updating these forward-looking statements, and it takes no obligation to update or correct information prepared by third parties that is not paid for by Epazz, Inc. Investors are encouraged to review Epazz, Inc.'s public filings on SEC.gov, including its unaudited and audited financial statements as well as its Form 10-Ks, and Form 10-Qs, which contain general business information about the company's operations, results of operations, and risks associated with the company and its operations.
CONTACT: For more information, please contact: Investor Relations investors@epazz.net (312) 955-8161 www.epazz.com
