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Screenshot of a breaking news alert e-mail from Q2 2017
Virtual Crypto Technologies Ltd. (OTCQB: VRCP), a technology company dedicated to making cryptocurrencies accessible to the public, specifically by creating payment solutions for businesses and consumers which combine Application Programming Interfaces and Mobile Applications for implementation across ATMs, PCs, tablets and other mobile devices, today announced that it has entered into an agreement to provide cryptocurrency acceptance services to Lincoln Billiards, the largest chain of billiard clubs in Israel.
According to the terms of the agreement, Virtual Crypto will first establish a pilot program at one of Lincoln Billiard’s six locations. This initial stage will allow the companies to begin working together and determine the optimum way to customize and implement the Virtual Crypto platform across all the Lincoln Billiards locations.
Alon Dayan, CEO of Virtual Crypto Technologies Ltd., commented on the announcement:
This is an important milestone for the Company. To date, we have been working primarily with cryptocurrency service providers and industry insiders, but this is our first foray into the commercial sector. Lincoln Billiards is a very popular venue across Israel, and this agreement gives us direct contact with a receptive, tech-savvy consumer group. We look forward to introducing them to the benefits of cryptocurrency.
A spokesperson of Lincoln Billiards added:
Our clubs are destination locations for a broad spectrum of the population; our customers come to play, dine and socialize. While we are by far the largest billiards club operator in the country, we are competing with other entertainment options. As a result, we are always looking for ways to make it easy for our customers to enjoy their experience with us. The ability to accept cryptocurrency is something we have been toying with for some time, and Virtual Crypto’s platform allows us to do that without exposing ourselves to the exchange rate volatility and related financial risk associated with other unsecured systems. I expect this capability will be very attractive to many of our customers.