November 24th, 2020 – The CasinoCoin Foundation has formed a strategic partnership with SunCash (mysuncash.com) – a Bahamas based technology company that specializes in financial payments and transfers. SunCash plans to be the largest payments and mobile money enterprise in the Caribbean and Latin America Region.
SunCash is Licensed by the Central Bank and Securities Commission of the Bahamas and operates within established international regulatory guidelines. SunCash welcomes their customers in over 35 locations, operates more than 150 kiosks and over 350 places of business, including casinos, are accepting SunCash directly. 140,000+ users are currently using their services on and offline.
SunCash offers several services including a digital wallet that allows users to manage their cash quickly, easily and securely with no hidden or monthly fees. Users can operate directly from their mobile phone, tablet or computer. SunCash gives their users the opportunity to spend and use their money however and whenever they want. Users can spend money at participating point of sale terminals, merchants, send and receive money domestically. These features can also be utilized at any of their 150 SunCash kiosks throughout the Bahamas.
With the help of the CasinoCoin Foundation, phase one of two is underway with SunCash offering an OTC (over the counter) Desk that will allow their customers to purchase and exchange multiple cryptocurrencies at participating SunCash locations, kiosks and via the SunCash app. In addition, the work on an ATM network has begun. The CasinoCoin Foundation supported SunCash by building the central API to facilitate all necessary operations. Phase two will begin shortly after these new operations are live and functioning.
Desmond Pyfrom, Chief Executive Officer of Suncash, said: “In today’s world, transaction security is paramount. We provide our customers with the tools to make and accept secure payments globally so as to minimize the risk of fraud, and to provide a trusted environment for payments. At SunCash, we strongly believe in simplicity. In a world in which time is everything, payments should be fast and easy.”
“We at Suncash are extremely pleased to partner with CasinoCoin to expand our products and offerings through blockchain technology. It fits perfectly with our goal of making the Bahamas a more forward facing and digital society.”
Desmond Pyfrom, CEO of SunCash, who specializes in payment technology, will also be joining the CasinoCoin advisory board. We look forward to what Desmond will bring to the team in our effort to push blockchain technology in the Caribbean and Latin America.
Daniel Keller, Director at the CasinoCoin Foundation, said: “We’re looking forward to taking crypto to the next level in The Bahamas by entering a regulated market with a lot of opportunities. There will be some neat things coming, and I can’t wait until the first tools go live. The Bahamas will be an amazing proof of concept for crypto and CasinoCoin’s technology.”