RTCORE Acquires Minority Stake in Digital Asset Start-up | News Direct

RTCORE Acquires Minority Stake in Digital Asset Start-up New venture anticipates delivering dramatic enhancements to blockchain performance for all financial transactions

News release by RTCore Inc

facebook icon linkedin icon twitter icon email icon Charlotte, North Carolina | November 25, 2020 08:12 AM Eastern Standard Time



November 25, 2020, RTCORE Inc. (OTC Markets: “PPPS”), a Delaware corporation (the “Company”), has entered into a strategic venture with Swiss FinTech ETA21 AG to create OOCHA Corp. As part of the deal, RTCore has issued a perpetual license for its transaction processing technology to ETA21 in exchange for a 20% stake in the company. Expected to commercially launch next summer, the new venture will deploy RTCore's Kernel Architecture in an ultra-fast, high volume blockchain-based global payments infrastructure.



“RTCore's performance and scalability are extraordinary. We're very bullish on the system's innovative data and process architectures to set new volumetric processing standards while delivering proactive embedded monitoring capability on all types of financial transactions in the blockchain,” says OOCHA's Director of International Business Development Alex von Mühlenen.



RTCore’s Chief Operating Officer, John Kelly, said “An exciting component of this venture calls for OOCHA's Digital Assets to be branded with our RT logo.” Kelly continued “The strength and depth of our real time, event-driven architecture is starting to resonate within the global FinTech industry, and we're working hard for that trend to continue. ETA21's decision to leverage our core processing technology to create OOCHA while adopting our RT brand in their digitized asset products and services will increase our brand awareness on a global scale.”



About ETA21 AG



Headquartered in Zurich, Switzerland, ETA21 AG is a FinTech company providing software, infrastructure, and a broad range of professional technologies and services to banks and other financial services organizations worldwide.




About RTCORE Inc. Headquartered in Charlotte, NC, RTCORE Inc. is an industry leader in the design, development and commercial deployment of Cloud-native, real time transaction processing software for the global financial services industry.

Safe Harbor Statement -This press release may contain forward-looking information that involve a number of risks and uncertainties made pursuant to Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things, the company’s business plans and the company's growth strategy and operating strategy. Words such as “strategy,” “expects,” “continues,” “plans,” “anticipates,” “believes,” “would,” “will,” “estimates,” “intends,” “projects,” “goals,” “targets” and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of numerous and varied factors. RTCORE, Inc. does not undertake to update any forward-looking statements except as required by applicable law. All subsequent written and oral forward-looking statements attributable to the company or any person acting on behalf of the company are expressly qualified in their entirety by the cautionary statements referenced above.



Contact Details

Phil Walton

+1 704-965-4087


Company Website

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