Trustcash Holdings (Pinksheets:TCHH) today announces it has finished development of its TrustCash transfer service.
Trustcash Holdings (Pinksheets:TCHH) today announces it has finished development of its TrustCash transfer service. Simply put, this transfer service will allow the transfer of TrustCash tokens between TrustCash users. The ability of TrustCash members to load and unload their TrustCash account via credit card, ACH and direct debit provides the Company with a completely new market opportunity.
The Remittance Market, also known as money transfers are noncredit payments, which are often sent to a distant place, is one of these markets.
A Washington Post Article in 2007 stated, "Migrants around the globe sent more than $300 billion to their home countries last year, a 'staggering' sum that surpassed foreign development aid and foreign direct investment."
The article also mentions that the sum of global remittances grows about 10 percent each year.
The Company looks forward to commencing the marketing of this new service to grow its revenue and continue adding value for its shareholders.