{"id":482949,"date":"2021-04-28T06:03:40","date_gmt":"2021-04-28T10:03:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/"},"modified":"2021-04-28T06:03:40","modified_gmt":"2021-04-28T10:03:40","slug":"obitx-acquires-render-payment-for-1-2-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/","title":{"rendered":"OBITX Acquires Render Payment for $1.2 Million"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">Fleming Island, Florida, April  28, 2021  (GLOBE NEWSWIRE) &#8212; OBITX, Inc., (OTCMKTS: OBTX), an advanced software development and services company specializing in blockchain technologies and decentralized processing, announced today that it has settled the debt owed to the Company in exchange for the ownership of Render Payment, LLC.\u00a0 The Company gains $400,000 in assets and approximately $800,000 in intellectual property rights.\u00a0 Over the past four years Render Payment has averaged $1.6M in revenue with $600,000 in net profit through the buying and selling of cryptocurrencies.\u00a0 OBITX intends to repurpose the use of Render Payment\u2019s intellectual property, specifically its developed and functional software application utilizing the blockchain.\u00a0 Render Payment was originally designed to act as a third-party payment collaborator bridging the gap between FIAT currency and cryptocurrencies.\u00a0 OBITX intends to utilize portions of the protocols established with the proprietary software in the development of a blockchain certificate of deposit and rewards program it intends to launch in the near future.\u00a0 <\/p>\n<p align=\"justify\">\u00a0 Eric Jaffe, OBITX CEO stated, \u201cIt\u2019s always a good thing when you can clean up historical issues and it has a positive effect on the future.\u00a0 The settlement of an outstanding receivable that was written off years ago shortens the length of time to complete the development of our anticipated new product line, a rewards program based in the use of blockchain technology.\u201d\u00a0 <\/p>\n<p align=\"justify\">OBITX will not carry the intellectual property value on its books.\u00a0 The purpose of the acquisition was to gain access to specific code developed by industry experts that would reduce the time to market for key software developments in research and development.\u00a0 Mr Adams, the Company\u2019s CTO went on to state, \u201cWe will be dissecting the software developed by Render Payment where we will utilize elements of its innovative coding in a new product we are developing and looking to roll out during the second quarter this year.\u00a0 We intend to file for patent protection before the release of the product to the general public.\u201d<\/p>\n<p align=\"justify\">About OBITX:<br \/>Headquartered in Fleming Island, Florida, OBITX, Inc., (OTCMKTS: OBTX) is a consulting and services organization specializing in blockchain technologies and decentralized processing.<\/p>\n<p>Forward Looking Statements<\/p>\n<p align=\"justify\">This news release contains \u201cforward-looking statements\u201d which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as \u201canticipate\u201d, \u201cseek\u201d, intend\u201d, \u201cbelieve\u201d, \u201cestimate\u201d, \u201cexpect\u201d, \u201cproject\u201d, \u201cplan\u201d, or similar phrases may be deemed \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company\u2019s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. <\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIyNTEyOSM0MTQyODY2IzIyMDE2NTI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/56b0934d-3f7f-4c39-bea7-924e40618386\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Eric Jaffe\r\ninfo@obitx.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fleming Island, Florida, April 28, 2021 (GLOBE NEWSWIRE) &#8212; OBITX, Inc., (OTCMKTS: OBTX), an advanced software development and services company specializing in blockchain technologies and decentralized processing, announced today that it has settled the debt owed to the Company in exchange for the ownership of Render Payment, LLC.\u00a0 The Company gains $400,000 in assets and approximately $800,000 in intellectual property rights.\u00a0 Over the past four years Render Payment has averaged $1.6M in revenue with $600,000 in net profit through the buying and selling of cryptocurrencies.\u00a0 OBITX intends to repurpose the use of Render Payment\u2019s intellectual property, specifically its developed and functional software application utilizing the blockchain.\u00a0 Render Payment was originally designed to act as a third-party payment collaborator bridging the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;OBITX Acquires Render Payment for $1.2 Million&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-482949","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OBITX Acquires Render Payment for $1.2 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OBITX Acquires Render Payment for $1.2 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Fleming Island, Florida, April 28, 2021 (GLOBE NEWSWIRE) &#8212; OBITX, Inc., (OTCMKTS: OBTX), an advanced software development and services company specializing in blockchain technologies and decentralized processing, announced today that it has settled the debt owed to the Company in exchange for the ownership of Render Payment, LLC.\u00a0 The Company gains $400,000 in assets and approximately $800,000 in intellectual property rights.\u00a0 Over the past four years Render Payment has averaged $1.6M in revenue with $600,000 in net profit through the buying and selling of cryptocurrencies.\u00a0 OBITX intends to repurpose the use of Render Payment\u2019s intellectual property, specifically its developed and functional software application utilizing the blockchain.\u00a0 Render Payment was originally designed to act as a third-party payment collaborator bridging the &hellip; Continue reading &quot;OBITX Acquires Render Payment for $1.2 Million&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-28T10:03:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIyNTEyOSM0MTQyODY2IzIyMDE2NTI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/obitx-acquires-render-payment-for-1-2-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/obitx-acquires-render-payment-for-1-2-million\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"OBITX Acquires Render Payment for $1.2 Million\",\"datePublished\":\"2021-04-28T10:03:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/obitx-acquires-render-payment-for-1-2-million\\\/\"},\"wordCount\":559,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/obitx-acquires-render-payment-for-1-2-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIyNTEyOSM0MTQyODY2IzIyMDE2NTI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/obitx-acquires-render-payment-for-1-2-million\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/obitx-acquires-render-payment-for-1-2-million\\\/\",\"name\":\"OBITX Acquires Render Payment for $1.2 Million - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/obitx-acquires-render-payment-for-1-2-million\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/obitx-acquires-render-payment-for-1-2-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIyNTEyOSM0MTQyODY2IzIyMDE2NTI=\",\"datePublished\":\"2021-04-28T10:03:40+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/obitx-acquires-render-payment-for-1-2-million\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/obitx-acquires-render-payment-for-1-2-million\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/obitx-acquires-render-payment-for-1-2-million\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIyNTEyOSM0MTQyODY2IzIyMDE2NTI=\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIyNTEyOSM0MTQyODY2IzIyMDE2NTI=\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/obitx-acquires-render-payment-for-1-2-million\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"OBITX Acquires Render Payment for $1.2 Million\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"OBITX Acquires Render Payment for $1.2 Million - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/","og_locale":"en_US","og_type":"article","og_title":"OBITX Acquires Render Payment for $1.2 Million - Market Newsdesk","og_description":"Fleming Island, Florida, April 28, 2021 (GLOBE NEWSWIRE) &#8212; OBITX, Inc., (OTCMKTS: OBTX), an advanced software development and services company specializing in blockchain technologies and decentralized processing, announced today that it has settled the debt owed to the Company in exchange for the ownership of Render Payment, LLC.\u00a0 The Company gains $400,000 in assets and approximately $800,000 in intellectual property rights.\u00a0 Over the past four years Render Payment has averaged $1.6M in revenue with $600,000 in net profit through the buying and selling of cryptocurrencies.\u00a0 OBITX intends to repurpose the use of Render Payment\u2019s intellectual property, specifically its developed and functional software application utilizing the blockchain.\u00a0 Render Payment was originally designed to act as a third-party payment collaborator bridging the &hellip; Continue reading \"OBITX Acquires Render Payment for $1.2 Million\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-28T10:03:40+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIyNTEyOSM0MTQyODY2IzIyMDE2NTI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"OBITX Acquires Render Payment for $1.2 Million","datePublished":"2021-04-28T10:03:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/"},"wordCount":559,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIyNTEyOSM0MTQyODY2IzIyMDE2NTI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/","name":"OBITX Acquires Render Payment for $1.2 Million - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIyNTEyOSM0MTQyODY2IzIyMDE2NTI=","datePublished":"2021-04-28T10:03:40+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIyNTEyOSM0MTQyODY2IzIyMDE2NTI=","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIyNTEyOSM0MTQyODY2IzIyMDE2NTI="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/obitx-acquires-render-payment-for-1-2-million\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"OBITX Acquires Render Payment for $1.2 Million"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/482949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=482949"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/482949\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=482949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=482949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=482949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}