Further, Future FinTech may purchase additional shares from sellers, per the arrangement. Blocknance “provides services for transactions between Bitcoin and other cryptocurrencies and fiat currencies, such as Dominican Peso, U.S. dollar, Euro and Russian Ruble for customers through Bitcoin ATM machines and physical offices.”
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Future FinTech to Soak Up At Least 60% of Outstanding Blocknance Shares
Future FinTech has signed a deal with Dominican Republic-based Blocknance Financial and shareholders in which the former will acquire 60% of the outstanding shares for a price of $960,000. So reports Seeking Alpha.
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