TEMPE, AZ -- (Marketwired) -- 09/25/13 --
Tranzbyte Corporation (OTC Pink: ERBB) announced today that its wholly-owned subsidiary, Altitude Organix, will be launching their proprietary smartphone-driven virtual payment or 'e-wallet' in conjunction with Tranzbyte's new payment system, The BancoLibre Network. The system allows users to make purchases using their smartphones (currently 56% of all American cell phone users and growing rapidly), rather than needing to carry cash or a physical credit or debit card.
While preparing for the upcoming release of its proprietary "21" automated dispensary, the need for a simple, secure, alternative payment method for adults has become apparent. "By utilizing the Tranzbyte-owned, YO!21 virtual card, the network empowers its customers to make cashless purchases which combine security and simplicity - all without requiring third-party approval of each transaction," says David Gwyther, Tranzbyte's president.
YO!21 customers can conveniently preload their virtual wallet using any one of a variety of methods -- cash, credit card or ACH. Once on the network, users can make secure purchases with the one item they will always have with them - their Android or iPhone-operated smart cell phone. YO!21 customers will also be able to operate the company's automated dispensary when that machine rolls out later this year and throughout 2014 and beyond.
"The cell phone in our world has moved from being convenient communication device to an efficient tool that people carry with them everywhere. Turning it into a payment device just makes sense," says Sean Loomer, YO21 division president. The medical marijuana market has been challenged in the past when it comes to providing a cashless transaction for their products. By combining aspects of different Tranzbyte subsidiaries, the Company has not just overcome that challenge but created a system that can expand into a variety of exciting adult markets.
Tranzbyte encourages all folks wishing to follow the progress of Tranzbyte, Altitude Organix, and its other subsidiaries and divisions to visit the Tranzbyte website at www.tranzbyte.com and sign up to receive our 'Email Alerts' which are sparingly sent to interest-holders periodically. Just click on the orange 'contact' button after arriving at the company's website or click here to go there directly. Mobile users can also sign up by navigating to the company's website on their android smart phone or iPhone."
The Tranzbyte Corporation (www.tranzbyte.com) is a driving force behind Altitude Organic Corporation, One Bode, The YO! Debit Card, and ProximaRF. The company expects to continue its plan to acquire, hold, or spin out successful divisions in what has been described in previous news releases as "dividend farming," Companies that qualify and decide to become public on their own will agree to carve out shares for Tranzbyte and dividends for their ERBB shareholders.