NetworkNewsBreaks – IEG Holdings Corp. (IEGH) Si
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Posted On: 02/26/2018 5:07:47 PM
NetworkNewsBreaks – IEG Holdings Corp. (IEGH) Signs Intellectsoft for Cryptocurrency Blockchain Development Services; Discloses Potential Philippines Cryptocurrency Remittance Strategy
IEG Holdings Corp. (OTCQB: IEGH) this morning announced that Investment Evolution Crypto LLC, its wholly owned subsidiary, has outsourced Intellectsoft LLC to offer blockchain development services including functional and business requirement analysis; technical and market research; and a development plan for the development of IEG Holdings’ cryptocurrency. IEGH also revealed that its subsidiary is planning to penetrate the Filipino USD 28 billion Overseas Foreign Workers (“OFWs”) remittance market, by developing and launching a cryptocurrency targeting both the Australian and US based Philippines OFWs. Per the update, its subsidiary is in the initial stages of these plans, and it will investigate the economic and legal risks as well as their merits, before putting the plans in action. “We believe potentially combining the exciting new blockchain technology with a leading sophisticated online consumer finance system, individual US state lending licenses and exposure to the Philippines $28 billion OFW remittance sector is a very exciting proposition. We aim for IEGH to leverage off its existing fintech business credentials, specifically its extensive experience in online consumer loans, to potentially be a key player in the crypto/blockchain sector,” IEG Holdings chairman and CEO Paul Mathieson stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
IEG Holdings Corp. (OTCQB: IEGH) this morning announced that Investment Evolution Crypto LLC, its wholly owned subsidiary, has outsourced Intellectsoft LLC to offer blockchain development services including functional and business requirement analysis; technical and market research; and a development plan for the development of IEG Holdings’ cryptocurrency. IEGH also revealed that its subsidiary is planning to penetrate the Filipino USD 28 billion Overseas Foreign Workers (“OFWs”) remittance market, by developing and launching a cryptocurrency targeting both the Australian and US based Philippines OFWs. Per the update, its subsidiary is in the initial stages of these plans, and it will investigate the economic and legal risks as well as their merits, before putting the plans in action. “We believe potentially combining the exciting new blockchain technology with a leading sophisticated online consumer finance system, individual US state lending licenses and exposure to the Philippines $28 billion OFW remittance sector is a very exciting proposition. We aim for IEGH to leverage off its existing fintech business credentials, specifically its extensive experience in online consumer loans, to potentially be a key player in the crypto/blockchain sector,” IEG Holdings chairman and CEO Paul Mathieson stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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