GoverMedia Plus Canada Announces Commercial Partnership With a European Cryptocurrency Exchange

GoverMedia Plus Canada (CSE:MPLS) has announced that its wholly owned subsidiary GoverMedia Plus LLC has signed a commercial partnership agreement with EXMO Finance LLP, a European cryptocurrency exchange with an average 24-hour trading volume of US$40 million.

As quoted in the press release:

 This strategic partnership represents the first step of the Company’s previously announced plans to integrate cryptocurrency-related and blockchain-based services, as well as the first step of a broad strategic relationship with EXMO.

Under this partnership agreement, the Company will act as an exchange counterparty on the EXMO platform. The Company will open a corporate account on the EXMO exchange and provide its users with the possibility to trade cryptocurrencies via the GoverMedia online ecosystem, through a facilitated process. EXMO and GoverMedia are planning to integrate their technology infrastructures through an open API (Application Programming Interface). The Company’s users will access their online crypto-trading accounts at any time without having to leave the GoverMedia ecosystem.  Users will be able to actively trade crypto-currencies while logged into the Govermedia platform. Through this strategic partnership, GoverMedia will be entering into a separate profit-sharing agreement with EXMO. Every proceed generated by crypto-trading activity of GoverMedia’s users into the EXMO exchange will be split between the two companies. Integration costs are minimal and the Company projects to incur very little cost of sales. In addition, the Company will benefit from the joint direct advertisement towards EXMO’s active user base, comprised of greater than 1,400,000 active traders in more than 200 countries. This has the potential to drive further users to the Govermedia platform.

Click here to read the full press release.