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TORONTO, Jan. 27, 2021 (GLOBE NEWSWIRE) — Routemaster Capital Inc., a Canadian decentralized finance firm (Routemaster) (NEO: DEFI, GR: RMJR), is happy to announce that it has finalized an funding in Maps.me, one of many first implementations of decentralized finance applied sciences for a big worldwide person base of shoppers.
Routemaster, by means of its current acquisition of DeFi Holdings Inc., is targeted on offering public market traders with entry to the fast progress in decentralized finance. This new mannequin for monetary companies permits transactions between completely different events to be processed by means of distributed ledger expertise, or blockchain, reasonably than be centralized by means of a conventional monetary establishment.
Maps.me is the main international offline mapping software, serving to a variety of customers navigate the world with out utilizing often-costly cellular information. The brand new Maps.me 2.0 iteration will add embedded monetary companies: a multi-currency pockets, overseas alternate for journey, peer-to-peer cost companies and passive earnings funding merchandise producing yields of as much as 8% – all with low charges and no hidden prices.
“Maps.me will mix a wise journey instrument with the largest gateway available in the market for the adoption of DeFi,” mentioned Alex Grebnev, co-founder of Maps.me. “We’re happy to be working with Routemaster and our different companions to counterpoint the lives of hundreds of thousands of shoppers around the globe.”
Maps.me has not too long ago finalized a US$50 million funding to launch these new Maps.me 2.0 options, led by Alameda Analysis, CMS Holdings and Genesis Capital.
“We’re excited to see the potential of such a big person base which can be capable of entry new DeFi protocols and drive adoptions progress, that is certainly the primary of many implementations of its variety,” mentioned Olivier Roussy Newton a co-founder of DeFi Holdings and advisor to Routemaster.
About Maps.me:
Maps.me is the world’s main offline mapping software. Over the past 9 years, Maps.me has been trusted by 140 million customers, with over 60 million folks utilizing Maps.me final yr to navigate throughout 195 international locations. This trusted journey companion offers turn-by-turn routing, journey guides, and detailed mapping.
About Routemaster Capital Inc.
Routemaster Capital Inc. is a Canadian firm that carries on enterprise with the target of enhancing shareholder worth by means of constructing and managing property within the decentralized finance sector.
For additional data, please contact:
Daniyal Baizak
President and Chief Government Officer
Tel: +1 (416) 861-1685
Cautionary word relating to forward-looking data:
This press launch comprises “forward-looking data” inside the that means of relevant Canadian securities laws. Ahead-looking data contains, however just isn’t restricted to, statements with respect to the funding in Maps.me; the phrases of such transaction, the enterprise of DeFi Holdings; the pursuit by Routemaster and DeFi Holdings of funding alternatives; the decentralized finance trade and the deserves or potential returns of any such investments. Typically, forward-looking data might be recognized by way of forward-looking terminology resembling “plans”, “expects” or “doesn’t anticipate”, “is anticipated”, “finances”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “could”, “might”, “would”, “would possibly” or “can be taken”, “happen” or “be achieved”. Ahead-looking data is topic to identified and unknown dangers, uncertainties and different components that will trigger the precise outcomes, stage of exercise, efficiency or achievements of the Firm, because the case could also be, to be materially completely different from these expressed or implied by such forward-looking data. Though the Firm has tried to determine necessary components that would trigger precise outcomes to vary materially from these contained in forward-looking data, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed. There might be no assurance that such data will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking data. The Firm doesn’t undertake to replace any forward-looking data, besides in accordance with relevant securities legal guidelines.
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