AskMuncher
3 years ago
$MGOM Migom Global Corp. Adds USDT (Tether) to its Lineup of Convertible Virtual Currency Accounts at Migom Bank(R)
Press Release | 04/26/2021
Migom Global Corp. (OTC PINK:MGOM), via Migom Bank®, demonstrates further headway in facilitating digital asset custody by adding USDT (Tether) to its lineup of cryptocurrency accounts at Migom Bank®
NEW YORK, NY / ACCESSWIRE / April 26, 2021 / The nascent cryptocurrency markets have become renowned for volatility, despite growing institutional adoption and signs of wider acceptance that virtual currencies will play an integral role in the future of the world's financial industry. Amidst the adoption lifecycle in the emerging theatre of decentralized finance, volatility amongst the speculative cryptocurrencies can undermine their utility in the short term as a means of value exchange. Due to this and other factors, there is high demand for ‘stable coins', which are pegged to another asset but still retain the inherent qualities of cryptocurrencies; transparency, low transactions costs and peer to peer remittance for everyday transactions. USDT is a very stable coins as it backed by holdings in US dollars.
Georgi Parrik, the CEO of the Company reflects on the rise of USDT "In 2021 alone we have seen the volume of Tether in the market double, this in itself is not surprising as the wider market has expanded at almost the same rate but it is notable that demand for stable coins remains high and Tether has seen record inflows." He explores the reasoning further "For new and old hands alike, Tether is a cost-effective haven in the short, medium or long term for cryptocurrency adopters who do not wish to directly exchange to a fiat currency from, for example Bitcoin. Additionally, Tether offers benefits for those who wish to take advantage of the decentralized model but retain a secure fiat bridge to traditional finance, as such, supporting custody of USDT is an attractive offering for Migom Bank customers."
The offering of USDT in the lineup of convertible digital currencies comes shortly after Migom Bank® added Ethereum to its lineup of convertible digital currencies to complement the first Bitcoin account, now over a year old. For customers of Migom Bank®, underpinned by utilisation of the ‘Cloud' as a platform for global financial service provision, customers can seamlessly exchange fiat currency into Virtual currencies as a hedge against inflation or simply to diversify their holdings, but by banking with Migom Bank®, our customers can do this safely, securely in one interface, that is regulated, with a single source of compliance.
About Migom Global Corp
Migom Global Corp. is a US publicly traded company (OTC PINK:MGOM) building synergistic ventures in international banking, securities brokerage, electronic money distribution as well as digital assets origination and market making. The Company is developing the network of affiliated businesses in several countries, which may provide a seamless integration between the traditional regulated banking and financial services and the innovative emerging fintech solutions, benefiting consumers and businesses worldwide. Committed to solving the problem of under-banked businesses and individuals worldwide, the Company's wholly owned subsidiary, Migom Bank, is a full-service global bank for the digital age that is available to customers across a variety of industries and regions.
About Migom Bank
Migom Bank® is a global neobank focused on the emerging markets offering a full suite of e-banking services tailored for the needs of small-to-medium-sized businesses and entrepreneurs, including online account opening and operating of corporate and individual bank accounts with full online access to account management and detailed reporting, international transfers in multiple currencies, issuance of debit cards, certificates of deposit, savings accounts and securities investment services in major global markets. In addition Migom Bank® offers its qualified account holders one of a kind crypto-to-fiat and fiat-to-crypto instant exchange, cryptocurrency block OTC trading services, including secure custody and instant-execution, with virtually unlimited liquidity, best global spot prices and immediate transferability of funds or crypto assets. Migom Bank® account holders can safely access all of the bank's services using their mobile app or account dashboard online. Migom Bank® is fully licensed to provide retail depository and inter-banking services, full suite of cryptocurrency-related services, securities dealing and investment banking services, featuring deal-oriented compliance and custom-tailored flexible solutions to help its versatile international clientele. The regulatory information enumerating multiple services provided by the bank is published on its website. For more information, please, visit http://migom.com.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such 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. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. You should carefully review the information disclosed within the section entitled "Risk Factors" contained in the Company's disclosures and filings with the SEC, as well as carefully analyze the information contained in this release with the consideration of the above disclosures, when assessing the Company and its business. The Company undertakes no obligation to update any forward-looking statements.
Media contact:
PR Department, Migom Bank
E: info@migom.com
W: https://migom.com
SOURCE: Migom Global Corp
View source version on accesswire.com:
https://www.accesswire.com/642160/Migom-Global-Corp-Adds-USDT-Tether-to-its-Lineup-of-Convertible-Virtual-Currency-Accounts-at-Migom-BankR
MegaDeath
3 years ago
Migom Global Corp. Adds USDT (Tether) to its Lineup of Convertible Virtual Currency Accounts at Migom Bank(R)
Migom Global Corp. (OTC PINK:MGOM), via Migom Bank®, demonstrates further headway in facilitating digital asset custody by adding USDT (Tether) to its lineup of cryptocurrency accounts at Migom Bank®
NEW YORK, NY / ACCESSWIRE / April 26, 2021 / The nascent cryptocurrency markets have become renowned for volatility, despite growing institutional adoption and signs of wider acceptance that virtual currencies will play an integral role in the future of the world's financial industry. Amidst the adoption lifecycle in the emerging theatre of decentralized finance, volatility amongst the speculative cryptocurrencies can undermine their utility in the short term as a means of value exchange. Due to this and other factors, there is high demand for ‘stable coins', which are pegged to another asset but still retain the inherent qualities of cryptocurrencies; transparency, low transactions costs and peer to peer remittance for everyday transactions. USDT is a very stable coins as it backed by holdings in US dollars.
Georgi Parrik, the CEO of the Company reflects on the rise of USDT "In 2021 alone we have seen the volume of Tether in the market double, this in itself is not surprising as the wider market has expanded at almost the same rate but it is notable that demand for stable coins remains high and Tether has seen record inflows." He explores the reasoning further "For new and old hands alike, Tether is a cost-effective haven in the short, medium or long term for cryptocurrency adopters who do not wish to directly exchange to a fiat currency from, for example Bitcoin. Additionally, Tether offers benefits for those who wish to take advantage of the decentralized model but retain a secure fiat bridge to traditional finance, as such, supporting custody of USDT is an attractive offering for Migom Bank customers."
The offering of USDT in the lineup of convertible digital currencies comes shortly after Migom Bank® added Ethereum to its lineup of convertible digital currencies to complement the first Bitcoin account, now over a year old. For customers of Migom Bank®, underpinned by utilisation of the ‘Cloud' as a platform for global financial service provision, customers can seamlessly exchange fiat currency into Virtual currencies as a hedge against inflation or simply to diversify their holdings, but by banking with Migom Bank®, our customers can do this safely, securely in one interface, that is regulated, with a single source of compliance.
https://www.otcmarkets.com/stock/MGOM/news/story?e&id=1874041
AskMuncher
3 years ago
$MGOM Migom Global Corp. Launches its Private Closed-Loop Payment System at Migom Bank
Press Release | 03/22/2021
Migom Global Corp. (OTC: MGOM), via Migom Bank®, brings MigomPay its innovative Closed-Loop QR Code Payment System to market, further expanding the service footprint and allowing the Company to access a key growth segment.
Closed-loop payment systems remain a key growth area in financial service provision. According to US market research company eMarketer, mobile payments increased by 41% in the US alone in 2018-19. Against this backdrop, corporate entities may adopt a competitive approach to retain and entice their customer base. The Companys wholly-owned subsidiary, Migom Bank can enable point of sale and online merchants to operate the closed-loop model based on secure QR Code-based payments.
Merchants and customers should be enticed by the incentives that our QR Code closed loop payment systems can offer. There are no chargebacks, long held reserve funds, equipment rentals, delays in funds settlement and the very high fees typically associated with usage of traditional payment cards online and in brick and mortar shops, stated Georgi Parrik, the CEO of the Company. Furthermore, merchants may be awarded with additional residual income when their customers, who started to use our QR Payments, engage in other banking services, which we may offer. That way a heavy expense item, when merchants give away up to a quarter of their profit for payment processing, may become an additional revenue center for the merchants for the life of those customers accounts at Migom Bank.
The Company has invested in the development of its own software supporting the QR closed loop payment system and expects to gain significant traction with merchants and customers globally due to our customer first design and rigorous, yet agile approach to compliance in unbanked markets. We are looking at the opportunities to implement this system tentatively named MigomPay in test markets in the Caribbean and the Middle East.
About Migom Global Corp
Migom Global Corp. is a US publicly traded company (OTC: MGOM) building synergistic ventures in international banking, securities brokerage, electronic money distribution as well as digital assets origination and market making. The Company is developing the network of affiliated businesses in several countries, which may provide a seamless integration between the traditional regulated banking and financial services and the innovative emerging fintech solutions, benefiting consumers and businesses worldwide. Committed to solving the problem of under-banked businesses and individuals worldwide, the Companys wholly owned subsidiary, Migom Bank, is a full-service global bank for the digital age that is available to customers across a variety of industries and regions.
About Migom Bank
Migom Bank is a global neobank focused on the emerging markets offering a full suite of e-banking services tailored for the needs of small-to-medium-sized businesses and entrepreneurs, including online account opening and operating of corporate and individual bank accounts with full online access to account management and detailed reporting, international transfers in multiple currencies, issuance of debit cards, certificates of deposit, savings accounts and securities investment services in major global markets. In addition Migom Bank offers its qualified account holders one of a kind crypto-to-fiat and fiat-to-crypto instant exchange, cryptocurrency block OTC trading services, including secure custody and instant-execution, with virtually unlimited liquidity, best global spot prices and immediate transferability of funds or crypto assets. Migom Bank account holders can safely access all of the banks services using their mobile app or account dashboard online. Migom Bank is fully licensed to provide retail depository and inter-banking services, full suite of cryptocurrency-related services, securities dealing and investment banking services, featuring deal-oriented compliance and custom-tailored flexible solutions to help its versatile international clientele. The regulatory information enumerating multiple services provided by the bank is published on its website. For more information, please, visit http://migom.com.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such 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. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. You should carefully review the information disclosed within the section entitled "Risk Factors" contained in the Company's disclosures and filings with the SEC, as well as carefully analyze the information contained in this release with the consideration of the above disclosures, when assessing the Company and its business. The Company undertakes no obligation to update any forward-looking statements.
Media contact:
PR Department, Migom Bank
E: info@migom.com
AskMuncher
3 years ago
$MGOM Migom Global Corp. Launches its Private Closed-Loop Payment System at Migom Bank
Press Release | 03/22/2021
Migom Global Corp. (OTC: MGOM), via Migom Bank®, brings MigomPay its innovative Closed-Loop QR Code Payment System to market, further expanding the service footprint and allowing the Company to access a key growth segment.
Closed-loop payment systems remain a key growth area in financial service provision. According to US market research company eMarketer, mobile payments increased by 41% in the US alone in 2018-19. Against this backdrop, corporate entities may adopt a competitive approach to retain and entice their customer base. The Companys wholly-owned subsidiary, Migom Bank can enable point of sale and online merchants to operate the closed-loop model based on secure QR Code-based payments.
Merchants and customers should be enticed by the incentives that our QR Code closed loop payment systems can offer. There are no chargebacks, long held reserve funds, equipment rentals, delays in funds settlement and the very high fees typically associated with usage of traditional payment cards online and in brick and mortar shops, stated Georgi Parrik, the CEO of the Company. Furthermore, merchants may be awarded with additional residual income when their customers, who started to use our QR Payments, engage in other banking services, which we may offer. That way a heavy expense item, when merchants give away up to a quarter of their profit for payment processing, may become an additional revenue center for the merchants for the life of those customers accounts at Migom Bank.
The Company has invested in the development of its own software supporting the QR closed loop payment system and expects to gain significant traction with merchants and customers globally due to our customer first design and rigorous, yet agile approach to compliance in unbanked markets. We are looking at the opportunities to implement this system tentatively named MigomPay in test markets in the Caribbean and the Middle East.
About Migom Global Corp
Migom Global Corp. is a US publicly traded company (OTC: MGOM) building synergistic ventures in international banking, securities brokerage, electronic money distribution as well as digital assets origination and market making. The Company is developing the network of affiliated businesses in several countries, which may provide a seamless integration between the traditional regulated banking and financial services and the innovative emerging fintech solutions, benefiting consumers and businesses worldwide. Committed to solving the problem of under-banked businesses and individuals worldwide, the Companys wholly owned subsidiary, Migom Bank, is a full-service global bank for the digital age that is available to customers across a variety of industries and regions.
About Migom Bank
Migom Bank is a global neobank focused on the emerging markets offering a full suite of e-banking services tailored for the needs of small-to-medium-sized businesses and entrepreneurs, including online account opening and operating of corporate and individual bank accounts with full online access to account management and detailed reporting, international transfers in multiple currencies, issuance of debit cards, certificates of deposit, savings accounts and securities investment services in major global markets. In addition Migom Bank offers its qualified account holders one of a kind crypto-to-fiat and fiat-to-crypto instant exchange, cryptocurrency block OTC trading services, including secure custody and instant-execution, with virtually unlimited liquidity, best global spot prices and immediate transferability of funds or crypto assets. Migom Bank account holders can safely access all of the banks services using their mobile app or account dashboard online. Migom Bank is fully licensed to provide retail depository and inter-banking services, full suite of cryptocurrency-related services, securities dealing and investment banking services, featuring deal-oriented compliance and custom-tailored flexible solutions to help its versatile international clientele. The regulatory information enumerating multiple services provided by the bank is published on its website. For more information, please, visit http://migom.com.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such 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. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. You should carefully review the information disclosed within the section entitled "Risk Factors" contained in the Company's disclosures and filings with the SEC, as well as carefully analyze the information contained in this release with the consideration of the above disclosures, when assessing the Company and its business. The Company undertakes no obligation to update any forward-looking statements.
Media contact:
PR Department, Migom Bank
E: info@migom.com
W: https://migom.com
AskMuncher
3 years ago
$MGOM Migom Global Corp. Launches its Private Closed-Loop Payment System at Migom Bank
Press Release | 03/22/2021
Migom Global Corp. (OTC: MGOM), via Migom Bank®, brings MigomPay its innovative Closed-Loop QR Code Payment System to market, further expanding the service footprint and allowing the Company to access a key growth segment.
Closed-loop payment systems remain a key growth area in financial service provision. According to US market research company eMarketer, mobile payments increased by 41% in the US alone in 2018-19. Against this backdrop, corporate entities may adopt a competitive approach to retain and entice their customer base. The Companys wholly-owned subsidiary, Migom Bank can enable point of sale and online merchants to operate the closed-loop model based on secure QR Code-based payments.
Merchants and customers should be enticed by the incentives that our QR Code closed loop payment systems can offer. There are no chargebacks, long held reserve funds, equipment rentals, delays in funds settlement and the very high fees typically associated with usage of traditional payment cards online and in brick and mortar shops, stated Georgi Parrik, the CEO of the Company. Furthermore, merchants may be awarded with additional residual income when their customers, who started to use our QR Payments, engage in other banking services, which we may offer. That way a heavy expense item, when merchants give away up to a quarter of their profit for payment processing, may become an additional revenue center for the merchants for the life of those customers accounts at Migom Bank.
The Company has invested in the development of its own software supporting the QR closed loop payment system and expects to gain significant traction with merchants and customers globally due to our customer first design and rigorous, yet agile approach to compliance in unbanked markets. We are looking at the opportunities to implement this system tentatively named MigomPay in test markets in the Caribbean and the Middle East.
About Migom Global Corp
Migom Global Corp. is a US publicly traded company (OTC: MGOM) building synergistic ventures in international banking, securities brokerage, electronic money distribution as well as digital assets origination and market making. The Company is developing the network of affiliated businesses in several countries, which may provide a seamless integration between the traditional regulated banking and financial services and the innovative emerging fintech solutions, benefiting consumers and businesses worldwide. Committed to solving the problem of under-banked businesses and individuals worldwide, the Companys wholly owned subsidiary, Migom Bank, is a full-service global bank for the digital age that is available to customers across a variety of industries and regions.
About Migom Bank
Migom Bank is a global neobank focused on the emerging markets offering a full suite of e-banking services tailored for the needs of small-to-medium-sized businesses and entrepreneurs, including online account opening and operating of corporate and individual bank accounts with full online access to account management and detailed reporting, international transfers in multiple currencies, issuance of debit cards, certificates of deposit, savings accounts and securities investment services in major global markets. In addition Migom Bank offers its qualified account holders one of a kind crypto-to-fiat and fiat-to-crypto instant exchange, cryptocurrency block OTC trading services, including secure custody and instant-execution, with virtually unlimited liquidity, best global spot prices and immediate transferability of funds or crypto assets. Migom Bank account holders can safely access all of the banks services using their mobile app or account dashboard online. Migom Bank is fully licensed to provide retail depository and inter-banking services, full suite of cryptocurrency-related services, securities dealing and investment banking services, featuring deal-oriented compliance and custom-tailored flexible solutions to help its versatile international clientele. The regulatory information enumerating multiple services provided by the bank is published on its website. For more information, please, visit http://migom.com.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such 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. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. You should carefully review the information disclosed within the section entitled "Risk Factors" contained in the Company's disclosures and filings with the SEC, as well as carefully analyze the information contained in this release with the consideration of the above disclosures, when assessing the Company and its business. The Company undertakes no obligation to update any forward-looking statements.
Media contact:
PR Department, Migom Bank
E: info@migom.com
W: https://migom.com
MegaDeath
3 years ago
Migom Global Corp. Launches its Private Closed-Loop Payment System at Migom Bank
Press Release 03/22/2021
Migom Global Corp. (OTC: MGOM), via Migom Bank®, brings MigomPay its innovative Closed-Loop QR Code Payment System to market, further expanding the service footprint and allowing the Company to access a key growth segment.
Closed-loop payment systems remain a key growth area in financial service provision. According to US market research company eMarketer, mobile payments increased by 41% in the US alone in 2018-19. Against this backdrop, corporate entities may adopt a competitive approach to retain and entice their customer base. The Companys wholly-owned subsidiary, Migom Bank can enable point of sale and online merchants to operate the closed-loop model based on secure QR Code-based payments.
Merchants and customers should be enticed by the incentives that our QR Code closed loop payment systems can offer. There are no chargebacks, long held reserve funds, equipment rentals, delays in funds settlement and the very high fees typically associated with usage of traditional payment cards online and in brick and mortar shops, stated Georgi Parrik, the CEO of the Company. Furthermore, merchants may be awarded with additional residual income when their customers, who started to use our QR Payments, engage in other banking services, which we may offer. That way a heavy expense item, when merchants give away up to a quarter of their profit for payment processing, may become an additional revenue center for the merchants for the life of those customers accounts at Migom Bank.
The Company has invested in the development of its own software supporting the QR closed loop payment system and expects to gain significant traction with merchants and customers globally due to our customer first design and rigorous, yet agile approach to compliance in unbanked markets. We are looking at the opportunities to implement this system tentatively named MigomPay in test markets in the Caribbean and the Middle East.
https://www.otcmarkets.com/stock/MGOM/news/Migom-Global-Corp-Launches-its-Private-Closed-Loop-Payment-System-at-Migom-Bank?id=294568
MegaDeath
3 years ago
Migom Global Corp. Celebrates 1st birthday of BTC Bank Account at Migom Bank®
Press Release | 03/10/2021
Migom Global Corp. (OTC: MGOM), announces its move to scale client onboarding at Migom Bank® after celebrating the anniversary of its world's first, fully functional BTC Bank Account.
There remains a substantial gap in regulated service provision within the
cryptocurrency market, particularly amongst exchanges and e-money service
providers. Our significant investment in technology and regulatory framework places us to benefit from a market with estimates of annual growth ranging from 45.4% to 75.4% to 2027 Stated Thomas Schtti, the president of Migom Global Corp.
He continues We can onboard customers into the cryptocurrency journey without the need for a fiat ramp, exchange and additional custodial wallet. With a single source of compliance, backed by bank-grade security and rigid, yet efficient regulatory framework, we are setting new standards in digital asset issuance, trading and custody. In simple terms, every client who qualifies for an account at Migom Bank® can immediately and safely operate in major fiat currencies as well as the three top cryptocurrencies inside one account. Customers can make these transactions on one screen with the operational backbone and custody provided by our partner financial institutions in Switzerland and the USA. We treat cryptocurrencies just the same as money and have simplified their usage to how its supposed to work globally, without sacrificing any compliance procedures or regulatory requirements.
Migom bank sees further upside to the adoption of blockchain-based assets as the US dollar strengthens, driving emerging markets into cryptocurrencies, which are less vulnerable to dollar denominated control than traditional commodities. To further its market penetration Migom Bank plans to add several mainstream cryptocurrencies as well as work on origination of new blockchain-based stable assets in due course.
https://www.otcmarkets.com/stock/MGOM/news/Migom-Global-Corp-Celebrates-1st-birthday-of-BTC-Bank-Account-at-Migom-Bank?id=293216
AskMuncher
4 years ago
$MGOM Migom Global Corp. Announces the Acquisition of Migom Bank
Press Release | 06/29/2020
NEW YORK, NY / ACCESSWIRE / June 29, 2020 / Migom Global Corp., (OTC PINK:MGOM) a US publicly traded company focused on building synergistic ventures in international banking, has recently notified the SEC of the acquisition of Migom Bank (www.migom.com), an international full-service "neobank" domiciled and regulated in the small Caribbean state of Commonwealth of Dominica.
"Today, businesses across multiple jurisdictions and industries have faced numerous hurdles opening and maintaining simple operating bank accounts. Arbitrarily frozen funds, suddenly blocked accounts, and other previously rare limitations have become a commonplace occurrence in daily banking for many regular businesses. This type of practice is often disguised as "de-risking" in the name of compliance, which in itself has morphed from the necessary but secondary function into a universal shroud weaponized by some of the mainstream banks in their purge of unwanted business," stated Thomas Schaetti, the President of Migom Global Corp. He continued: "In reality, those large international banks seem to be simply discriminating small and medium-sized, transaction-heavy businesses, which they don't see as a profitable market. As the result, millions of unbanked or under-banked entrepreneurs have a hard time growing their companies and contributing to the economic development of their industries and regions. We identify ourselves with these companies and are making our best effort to position Migom Bank as the destination financial institution serving their needs around the world".
Migom Global Corp. aims to bridge the gaps in international banking by building a network of banks and affiliated businesses to provide seamless integration of traditional regulated banking with new-age financial services and emerging fintech solutions. Committed to solving the problem of under-banked businesses and individuals worldwide, the Company recently notified the SEC of the acquisition of 100% of the shares of Migom Bank, a full-service global bank for the digital age that is available to customers across a variety of industries and regions.
Migom Bank offers a full suite of e-banking services tailored to the needs of small businesses and entrepreneurs, including online account opening, holding and operating corporate and individual bank accounts with full online access to account management and detailed reporting, international SWIFT / SEPA transfers in multiple currencies, issuing prepaid debit cards, certificates of deposit, investment, savings accounts and other services. The regulatory information enumerating multiple services provided by the bank is published on its website.
In addition to providing traditional banking services, Migom Bank offers its account holders one of a kind crypto-to-fiat and fiat-to-crypto OTC functionality, including secure custody and instant-execution trading of crypto assets with unlimited liquidity volumes, best global spot prices and immediate availability of funds or crypto assets. Migom Bank account holders can seamlessly transfer fiat funds into crypto assets and back using their mobile app or account dashboard online.
About Migom Global Corp.
Migom Global Corp. is a US publicly traded company (OTC PINK:MGOM) building synergistic ventures in international banking, securities brokerage, electronic money distribution as well as digital assets origination and market making. The Company is developing the network of affiliated businesses in several countries, which may provide a seamless integration between the traditional regulated banking and financial services and the innovative emerging fintech solutions, benefiting consumers and businesses worldwide.
About Migom Bank
Migom Bank is a global neobank focused on the emerging markets offering a full suite of e-banking services tailored for the needs of small-to-medium-sized businesses and entrepreneurs. Migom Bank is fully licensed to provide retail depository and inter-banking services, full suite of cryptocurrency-related services, securities dealing and investment banking services, featuring deal-oriented compliance, higher private banking limits and custom-tailored flexible solutions to help its versatile international clientele. For more information, please, visit http://migom.com.
Media contact
Company: Migom Bank
Contact: PR Department
E-mail: info@migom.com
Website: https://migom.com/
SOURCE: Migom Bank
View source version on accesswire.com:
https://www.accesswire.com/595561/Migom-Global-Corp-Announces-the-Acquisition-of-Migom-Bank
ALERTS100%to10000%GAIN
6 years ago
Common Stock
As of March 31, 2018, there were 7,315,000 total shares issued and outstanding.
On December 8, 2016, the Company has issued 5,000,000 shares of common stock to Oleg Jitov, President of the Company at $0.001 per share for aggregate proceeds of $5,000.
During the year ended December 31, 2017, the Company has issued 2,315,000 shares to 29 investors at a price of $0.01 per share for aggregate proceeds of $23,150.
Note 6 – Related Party Transactions
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