IUNO TO LAUNCH BANKING AS A SERVICE TO FIX THE ELECTRONIC BENEFIT PAYMENT SYSTEM

IUNO TO LAUNCH BANKING AS A SERVICE
TO FIX THE ELECTRONIC BENEFIT PAYMENT SYSTEM

Blockchain-Based Organization Sets Sight on Disrupting Inefficient Food-Stamp Market


MIAMI, FL – July 18, 2018 – IUNO (www.iuno.io), a Banking as a Service platform built on blockchain and asset-backed crypto currencies has launched its Token Sale in the US and worldwide. The company is building a revolutionary peer-to-peer banking ecosystem, giving individuals complete control of their assets in a safe and efficient environment. Its first focus is solving the inefficiencies of the $70-billion food-stamp market (Supplemental Nutrition Assistance Program) in the US by drastically reducing costs for all participants to the network - over $8 billion a year - while providing better control of unauthorized purchases and transfers of ownership.

“For centuries, banks have exercised a stranglehold on the underprivileged and created a system of suppression and exploitation. The less money one has, the higher the costs to access banking services,” said Amin El-Gazzar, CEO of IUNO. “We aim to change this dichotomy and level the playing field.”

IUNO services include worldwide deployment of funds, simple user interface, safety platforms for high-risk industries, no fees for in-network transactions, a peer-to-peer lending platform, crypto asset-backed debit cards and compliance tools for auditing. After a successful rollout in the US, IUNO will deploy a similar strategy in other markets with large food assistance programs and substantial unbanked populations such as Brazil, India and Arab countries. Future plans also include the evolution of its platform into other industries that have been pushed out of the mainstream, with the goal of eliminating chargebacks, mitigating compliance risk and reducing transaction costs

IUNO has partnered with seriesOne (www.seriesOne.com), to deploy its Token Sale in the US in the most compliant way. “It’s always gratifying to partner with like-minded organizations that aim to place the power where it belongs; in the hands of consumers,” said Michael Mildenberger, CEO of seriesOne. “We believe banking as a service is an inevitable reality of the future, and IUNO is poised to be a global leader at the helm of this trend.” SeriesOne provides strategic counsel, regulatory compliance, fundraising infrastructure and access to a proprietary network of investors worldwide. All of seriesOne’s services are conducted via SEC approved exemptions such as Reg D, Reg. CF, and Reg A+, enabling companies to register, market, and escrow fund raising initiatives via compliant securities offerings.

CONTACT
media@iuno.io



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ABOUT IUNO
IUNO is a FinTech leader created by industry veterans with decades of expertise across technology, banking, and financial compliance. IUNO is a Banking as a Service built on top of a multi-currency wallet that resides on a blockchain. It provides access to all kind of financial services to the users of the IUNO platform: payments can be sent to other users instantaneously all over the world, funds can be hold in the wallet or can be invested and earn interests, debit cards can draw funds from the wallet, and users can obtain loans.

About seriesOne:
seriesOne is a crowdfunding portal designed to liberate corporate finance from the big banks and corporate elites that have historically dominated the space. What this means for businesses and entrepreneurs is access to capital they’ve never had before. It means giving investors access to investment opportunities, particularly in innovative private companies, that they’ve never had before. And it means expanding financing and transaction options for both. seriesOne enables businesses and entrepreneurs to raise money through ICOs, in which crypto tokens are issued on a blockchain, as well as through traditional equity and debt securities. seriesOne also allows investors to transfer funds in the way that works best for them: via cryptocurrencies as well as credit or debit cards, ACH or wire transfers. All of this is financing unchained—a new world of freedom and opportunity for businesses, entrepreneurs, and investors. This is seriesOne.

IUNO Corp.
5920 SW 86th Street, South Miami
Florida 33134

Thomas Wawra
Head of EU Operations

+49 163 6010442
tom@iuno.io
iuno.io

This release was published on openPR.