Epazz ZenaPay Files a Patent for Blockchain Fantasy Sport Gambling Solution to Manage Compliance and Verification of Transaction to Benefit from Supreme Court Decision
Recent Supreme Court Decision Creates Need to Manage Multiple Different State Laws for Online Sports Gambling
CHICAGO, IL., June 20, 2018 (GLOBE NEWSWIRE) -- Epazz, Inc. (OTC: EPAZ), a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, has announced that it has filed a provisional patent for a blockchain Fantasy Sport Gambling Solution. Because the recent Supreme Court decision resulted in fifty separate state laws, the average individual will not have time to look up each state law to determine if he or she is in compliance.
Part of the patent application focuses on compliance management and verification of available funds. Before a person is able to participation in a transaction, ZenaPay will verify all the details in the background. The transactions will be run through the Ether network and will be posted on the user’s profile.
In October 2017, and prior to the release of ZenaPay, Epazz announced that it saw an opportunity for ZenaPay in fantasy sports during the design process for ZenaPay’s Fantasy Sport Gambling Solution. The design team developed a unique way to process transactions to verify that the bidder had the funds available and was in compliance with state laws.
Epazz CEO, Shaun Passley, Ph.D., said, “We are able to reuse our technology in multiple different blockchain applications. We believe we need to create a primary mobile app which has robust functionality. The user will be able to select which functions he or she wants. This business model allows us to decrease our customer acquisition cost and build a user community as we develop and acquire new apps.”
About ZenaPay (www.ZenaPay.com)
Epazz is developing ZenaPay to solve a major problem in high-risk industries: getting paid. Traditional banking systems do not allow high-risk industries to access their payment systems. ZenaPay offers a cutting-edge payment solution that gives consumers a way to buy items online or in stores using Bitcoin. The new Bitcoin payment software will allow consumers to use digital currency to make online or in-store purchases with ease. The process will be anonymous because all transaction details will be encrypted through Bitcoin, which will enable stores to accept digital currency instead of only cash. ZenaPay is available on the App Store and Play Store.
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).
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 market's filings, which contain general business information about the company’s operations, results of operations and risks associated with the company and its operations.
CONTACT: CONTACT: Epazz,Inc. Investor Relations email@example.com (312) 955-8161 www.epazz.com
© 2018 GlobeNewswire, Inc. All Rights Reserved.