Midpoint launches virtual accounts in CAD, USD and Euro

LONDON, Dec. 13 2021 (GLOBE NEWSWIRE) – Midpoint Holdings Ltd. (TSXV: MPT) (“Environment“or the”Society“) is pleased to announce that the Company will launch local virtual accounts in Canadian dollars, US dollars and euros in January 2022.

Midpoint Multi-Currency Virtual Accounts will allow Midpoint customers to have locally domiciled foreign currency accounts in Canadian and US dollars, euros and pounds sterling. Customers will be able to send and receive these currencies locally in a “customer appointed account” and avoid paying international transfer fees. “Going forward, Midpoint customers will be able to send and receive local payments such as ACH / Fedwire, SEPA, FasterPayment and Interac, while benefiting from the Midpoint exchange rate,” said David Wong, president of Midpoint.

In addition, the Company accepted the resignation of Mr. John D’Agostino from its Board of Directors, where he held the position of unpaid independent director proposed and appointed by the shareholders. His experience and contribution to the Company were crucial and the Company thanks him for his service. He said: “The company is now in its best position and on its best footing since its founding, and I think the time has come for me to step down and focus on my other businesses. “

About the midpoint

Based in London, UK, Midpoint is an FCA authorized payments institution specializing in cross-border payments and foreign exchange transactions. SMEs, foreign professionals, owners, foreign students, individuals and anyone involved in international payments use Midpoint for transparent, multi-party and multi-currency services. Midpoint currently manages transactions in 27 currencies with the ability to collect and transfer to over 200 countries. This highly secure platform offers clients the most profitable currencies at the midpoint of the interbank buy / sell rate, thereby removing the spread as well as hidden costs and fees.

Midpoint Holdings Limited is listed on the TSX Venture Exchange and listed on the Frankfurt Stock Exchange.

For more information on Midpoint, please visit: https://www.midpoint.com.

For more information please contact:

Corbin Comishin, Chief Financial Officer David Wong, President
Midpoint Holdings Limited, 22-25 Portman Close, Marylebone,
505 Kootenay Street, Nelson, London W1H 6BS, United Kingdom
British Columbia V1L 1K9, Canada Phone. : 0044 20 7448 3082
Phone: 001 250 352 7667 Email: [email protected]

Neither the TSX Venture Exchange (the “TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.

Forward-looking information

This press release contains certain “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “plan”, “intend”, “believe”, “anticipate”, “estimate”, “could”, “Will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to various risks and uncertainties and other factors that could cause actual events or results to occur. differ significantly from those projected in the forecast – seeking information. For a description of the risks and uncertainties facing Midpoint and its business and affairs, readers should refer to Midpoint’s MD&A. Midpoint assumes no obligation to update forward-looking information if circumstances or management’s estimates or opinions change, except as required by law. The reader is cautioned not to place undue reliance on forward-looking information.

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