$NSAV ACQUIRES STAKE IN BQEX CRYPTO EXCHANGE AND O
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News Link: https://www.globenewswire.com/news-release/20...ARKET.html
London, England, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Net Savings Link, Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that the Company has completed its acquisition of a significant 10% stake in leading cryptocurrency exchange, BQEX Ltd https://bqex.ltd/, and thereby closing NSAV’s largest transaction since its entrance into the $2 trillion global cryptocurrency market. BQEX Exchange has over 4 million registered users and is owned and operated by Metaverse Network LLC. (MNC) https://metaversenetwork.llc/. Based on published reports placing a $95.00 value on each registered user, 4 million registered users would value BQEX Crypto Exchange at an estimated $380 million, and therefore value NSAV’s 10% stake at an estimated $38 million.
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W. Y. Cheung, CEO of MNC stated, "We are very excited about this transaction, and we believe the synergy effect between our two parties will be in multiple folds. We continue to be evermore excited to be working with the management team of NSAV.”
Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “We are in line with building the global community into our ECOsystem, and forming a solid base for other acquisitions and projects to grow NSAV. I am thrilled that we are continually commercializing the relationship between NSAV and Metaverse Network.”