The Pecu Novus Digital Asset Network Gives Global Businesses an Alternative to Letters of Credit
The Pecu Novus Digital Asset Network “PECU”, a blockchain powered network, announced today the advancement of its proprietary escrow system. The Pecu Novus Escrow System is a comprehensive time enabled feature on the network that allows businesses globally, with the need to escrow fiat currency or issue letters of credit for transactions, to alternatively utilize PECU to achieve the same result but efficiently, cost effectively, transparently and securely.
Many global businesses, in the course of conducting their business, may have to regularly escrow fiat currency or have their bank issue a letter of credit for each transaction. This is not only inefficient , it could be timely and costly for a business to hold their funds in escrow until a transaction is completed or alternatively incur various fees when having a commercial or standby letter of credit issued by a conventional bank.
Global businesses now have an alternative path to not only conducting business over long and short distances but also to have all transactions fully transparent, secure and registered on the Pecu Novus public blockchain, making all transactions irrefutable.
Another valuable feature that will be available for global transactions will be the ability to digital execute agreements between parties. Such agreements will be securely housed in the Megahoot Vault and will only be accessible by the parties involved in a particular transaction. The existence of an executed agreement will be noted and referenced within the block for that transaction on the Pecu Novus Blockchain.
The Megahoot Vault is a highly secure platform that is a part of the Megahoot ecosystem that allows businesses globally to conduct transactions safely, securely and transparently via blockchain technology. The escrow system within the Megahoot Vault is specifically geared towards the Pecu Novus Digital Asset Network as it can provide the highest level of security, trust and guarantee of Pecu Novus coin payments for transactions.
The Pecu Novus escrow system has been effectively used for transactions in industries such as manufacturing, import/export, real estate, automotive, fashion, consumer goods and gaming.
For more information on the Pecu Novus Digital Asset Network go to www.pecunovus.com
About the Megahoot Vault
The Megahoot Vault has been developed with additional security features and the ability to securely hold and exchange Pecu Novus and Megahoot coins initially but will onboard a number of other digital assets soon. The vault will have the ability to hold digital documents such as real estate or other transactional agreements securely for transaction utilizing Pecu Novus or Megahoot coins. There are many other features that are in development that will be released in 2018.. For more information go to www.megahootvault.com or to access the vault go to www.megahootvault.org
About Pecu Novus
Pecu Novus is a blockchain technology powered digital asset network that enables parties on the network to conduct instant, zero cost coin based transactions globally. The network provides businesses with the ability to place Pecu Novus coins in escrow for most any type of transaction, such as import/export, real estate, consumer products, manufacturing and much more. As of March 16, 2018 the network is managed by Megahoot, LLC, who overseas all maintenance and future development of the network. For more information go to www.pecunouvs.com or to access the digital wallet go to www.pecunovus.org
About Megahoot LLC
Megahoot is a Technology Company focused on secure private collaboration platforms for business and personal use, incorporating ephemeral messaging, high security, use of cryptography and secure mobility. Products being introduced in 2018 include a digital vault for highly secure holding of various cryptocurrencies, loyalty tokens and information on/off the Megahoot Network. With the use of blockchain technology Megahoot will be venturing into various industries from smart homes to health care and more utilizing its blockchain technology platform that will allow corporations globally to create dedicated blockchain networks for their businesses for everything from accounting, logistics, supply chain management, security, education and much more. There will also be the ability to create loyalty tokens and coins aka cryptocurrency on the Megahoot Network. Megahoot LLC is a wholly owned subsidiary of Falcon Global Acquisitions. For more information on FGA go to www.falconglobalacquisitions.com . For more information on Megahoot go to www.megahoot.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities or coins, nor shall there be any sale of securities or coins in any state in which such offer, solicitation or sale would be unlawful, and qualification under the securities laws of any such state.
This press release contains forward-looking statements. The use of any of the words “anticipate”, “believe”, “expect”, “plan”, “intend”, “can”, “will”, “should”, and similar expressions are intended to identify forward-looking statements. The forward-looking statements contained herein are based on certain key expectations and assumptions made by the Company, including but not limited to expectations and assumptions concerning the receipt of required regulatory approval. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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