NetworkNewsBreaks – IEG Holdings Corp.’s (IEGH
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Consumer loan provider IEG Holdings Corp.’s (OTCQB: IEGH) chairman, chief executive officer, sole director and largest shareholder, Paul Mathieson, wholly-owns Investment Evolution Coin Ltd. (“IEC Ltd.”), which has entered a partnership with California-based blockchain company, HashCash Consultants. HashCash Services works with corporations to set up blockchain networks and to tokenize their products and services around the world. IEC Ltd. anticipates the launch of a new cryptocurrency in Singapore and select other jurisdictions to be called Investment Evolution Coin (“IEC”). The IEC cryptocurrency targeted launch date is May 2018, subject to receipt of any applicable regulatory approvals and licenses. The coin is intended originally to facilitate the payment of remittances to the Philippines by Filipino Overseas Foreign Workers located in Singapore, USA and Australia. IEC Ltd will be owned by the same shareholders of IEG Holdings Corporation who hold IEGH shares on April 30, 2018.
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