IT News Online – Santo Blockchain Labs Buys 50 Bitcoin ATMs
AVENTURA, FL / ACCCESSWIRE / December 28, 2021 / Santo Mining Corp., dba Santo Blockchain Labs (OTC PINK: SANP) a vertically integrated blockchain and cryptocurrency development company with subsidiaries in the Socialist Republic of Vietnam and the Republic of Panama, which manages, operates and develops end-to-end Endpoint “BaaS” Blockchain-as-a-Service, today announces the purchase of 50 Bitcoin ATMs that will be shipped to the company’s office in the Republic of Panama by the end of the first quarter of 2022. The company plans to purchase 300 Bitcoin ATMs during 2022 with an investment of over $ 1,000,000. The first shipment of 50 Bitcoin ATMs is limited to logistics production in the next 35 days before the start of Chinese New Year 2022 ‘Year of the Tiger’, Bitcoin ATMs will be shipped from Shenzhen to China around the 3rd week of February 2022.
The subsidiary of the company “Santo Pay de Panama SA” will develop a multinational deployment plan for Panama, Colombia and Costa Rica, not only with the 300 Bitcoin ATMs, but with the Santo Crypto Wallet currently in development phase, which will operate on the Lighting Layer 2 network and later in Q3-2022 the deployment of the Santo Bitcoin debit card.
Additionally, the company will schedule its pre-recorded video webcast for year-end 2021 shareholders today at 11:00 a.m. EST, https://santoblockchain.com/yearendpodcast2021/
Mr. Frank Yglesias, CEO of Santo, said: “2022 will be a year of uninterrupted growth for Santo; because I personally forecast the business workload schedule to 2022. Santo is on the way to help bring a new wave of crypto-banking, investing and trading to the more than 400,000,000 people in Latin America who do are unbanked or unbankable, including 10 to 15% of Hispanics in the United States who are also unbankable. “
The Company is a vertically integrated blockchain and cryptocurrency development company with subsidiaries in the Socialist Republic of Vietnam and the Republic of Panama, which manages, operates and develops end-to-end Blockchain-as-a-Service “BaaS “. The company manages, operates and develops end-to-end blockchain as a service “BaaS”, similar to software as a service, blockchain as a service allows businesses to set up applications with minimal hassle. This allows for greater agility and faster adoption of the blockchain. Blockchain applications are becoming more and more desirable, but they can be difficult to set up for small businesses or organizations with limited IT resources. A blockchain as a service provider can provide professional support in addition to their hosting services. In addition, the Company is developing solutions such as smart digital contracts, NFT SKULLYS non-fungible tokens, digital-to-physical asset tokenization, extended reality and Internet of Things IoT for everyday life.
This press release contains forward-looking statements within the meaning of federal securities laws. All statements other than statements of historical fact included in this presentation are forward-looking statements. These statements relate to analyzes and other information, which are based on forecasts of future results and estimates of amounts not yet determinable. These statements also relate to our future prospects, our developments and our business strategies. These forward-looking statements can be identified by the use of terms and expressions such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “ could “,” could “,” “predict”, “project”, “target”, “will” and similar terms and expressions, including references to hypotheses. However, these words are not the exclusive means of identify such statements. Although we believe that our plans, intentions and expectations reflected or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve these plans, intentions or expectations. All forward-looking statements are subject to risks and uncertainties which may cause actual results to differ materially from those which we expected or which could prove not to be achievable.
The business and outlook of the Company should be viewed in light of the risks, expenses and challenges frequently encountered by companies working with new and rapidly evolving technologies such as blockchain. These risks include, but are not limited to, an inability to create a viable product and the risks associated with issuing tokens. The Company cannot assure you that it will be successful in addressing these risks, and our failure to do so could have a material adverse effect on our business, financial condition, results of operations and prospects. There can be no assurance that or when (if any) the Company will achieve profitability or liquidity.
The forward-looking statements included in this press release are made only as of the date hereof. We assume no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
Santo mining company
dba, Santo Blockchain Labs
THE SOURCE: Santo mining company
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