Recent Supreme Court Decision Creates Need to Manage Online Sports Gambling
CHICAGO, June 05, 2018 (GLOBE NEWSWIRE) -- Epazz, Inc . (OTC: EPAZ), a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, has announced that the company’s ZenaPay app and blockchain apps will be released in states that already have legal mechanisms in place for sports betting. Based on the recent Supreme Court decision that allows for sports gambling, the ZenaPay Blockchain Fantasy Sport Module is underway. According to a USA Today article, it will take some time for the Supreme Court decision to take effect in all states; most of the changes will occur in 2019 in around 20 states. ZenaPay will be targeting users in those states. We expect to have a fantasy module of ZenaPay available before 2019 to test the application with potential beta customers.
Back in October 2017 and prior to the release of ZenaPay, the company announced that it saw an opportunity for ZenaPay in fantasy sports. ZenaPay will use smart contracts and will track all of the user’s activity. Additionally, the company will allow for new technology and functionality, which will affect the speed of returns and allow players to seek new opportunities. The company already has the intellectual property in place to take advantage of the recent rulings.
Epazz, Inc. CEO, Shaun Passley, Ph.D., said, “Our development of blockchain technology will be used in multiple vertical markets over the course of the next 12 months. We will be releasing new technology based on smart contracts, which will be reused in different applications.”
Future Features Releases
Fantasy Sport Module
The ZenaPay development team is working on adding fantasy sport features into its wallet. The Tap Tap Bitcoin game will include the software in development for ZenaPay.
Vendor and Payroll Payment Solution
ZenaPay’s development team is also working on a vendor payment solution that will allow merchant businesses to pay vendors and employees using cryptocurrencies.
Future features will include the following:
· An e-commerce store
· Seed-to-sale tracking
· Sales reporting and compliance
About ZenaPay ( www.ZenaPay.com )
ZenaPay is being developed to solve a major problem in high-risk industries: getting paid. Traditional banking systems do not allow high-risk industries to access their payment systems. ZenaPay offers a cutting-edge payment solution that gives consumers a way to buy items online or in stores using Bitcoin. The new Bitcoin payment software will allow consumers to use digital currency to make online or in-store purchases with ease. The process will also be anonymous because all transaction details are encrypted through Bitcoin, which will enable stores to accept digital currency instead of only cash. ZenaPay is available on the App Store and Play Store.
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. BoxesOS provides many of the web-based applications organizations would otherwise need to purchase separately. Epazz's other products are DeskFlex™ (a room scheduling software ) and DeskFlex™ (an applicant-tracking system ).
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 has 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 and otcmarkets.com, including its unaudited and audited financial statements and its OTC markets filings, 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 mailto:investors@epazz.net (312) 955-8161 www.epazz.com
