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Epazz Patent-Pending Bitcoin Payment Technology for Blockchain Fantasy Sports Gambling Solution to Be Released for Beta Testing by End of Year

By GlobeNewswire,  May 16, 2019, 08:55:00 AM EDT




Supreme Court Decision Creates Need to Manage Multiple Different State Laws on Online Sports Gambling

CHICAGO, IL, May 16, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Epazz, Inc. (OTC:EPAZ), a leading provider of blockchain Bitcoin mobile apps and cloud-based business software solutions, has announced that its patent-pending technology will allow users to place bets using Bitcoin and other cryptocurrencies. The technology is planned to be release for beta testing by the end of the year. 

The company is using a digital ledger to record the bets and will use a third party to transfer the Bitcoins. The company will not hold any Bitcoins. The company focuses on creating the software technology to manage the transactions and is using its compliance technology to manage the regulations between different state laws. 

Part of the patent application focuses on compliance management and verification of available funds. Before a person can participate in a transaction, the technology will verify all the details in the person's background. The transactions will be run through the blockchain network and will be posted on the user's profile. 

Epazz CEO Shaun Passley, Ph.D., said, "We are using multiple products we have acquired over the years to create a unique Bitcoin payment technology for managing compliance and verifying transactions after the Supreme Court decision on online sports gambling."

About Epazz, Inc. (www.epazz.com)

Epazz, Inc. is a leading cloud-based software company that specializes in providing customized cloud applications to the corporate world, higher-education institutions and the public sector. Epazz BoxesOS™ v3.0 is the complete business web-based software package for small- to mid-size businesses, Fortune 500 enterprises, government agencies and higher-education institutions. BoxesOS provides many of the web-based applications organizations would otherwise need to purchase separately. Epazz's other products are DeskFlex™ (room scheduling software) and DeskFlex™ (an applicant-tracking system).

SAFE HARBOR

This is the "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by the use of forward-looking statements such as "may," "expect," "intend," "estimate," "anticipate," "believe" and "continue" (or the negative thereof) or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results or those implied by such forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results may differ materially from those contemplated by such forward-looking statements. Epazz, Inc. assumes no obligation and has no intention of updating these forward-looking statements, and it has no obligation to update or correct information prepared by third parties that is not paid for by Epazz, Inc. Investors are encouraged to review Epazz, Inc.'s public filings on SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and its OTC markets filings, which contain general business information about the company's operations, results of operations and risks associated with the company and its operations.

CONTACT: For more information, please contact

         Investor Relations

         investors@epazz.net

         (312) 955-8161

         www.epazz.com

Source: Epazz, Inc.

This article appears in: News Headlines

Referenced Stocks: EPAZ










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