CHICAGO, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Epazz, Inc. (OTC: EPAZ), a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, announced today that the company ZenaPay Bitcoin wallet has been download more than 10,000 times since its launch on the Android Play Store. This is a major achievement given that the app was just launched on December 31, 2017. The company will be tracking the downloads to determine the conversion ratio between downloads and installations. Once the company determines how many downloads lead to installations, it can then determine the conversion ratio between installed users and active users. It is important to understand how many downloads equal active users. As the company continues to roll out the marketing campaign, this type of data is critical in creating a user base the company can monetize.
Its user base is the key to growing ZenaPay’s business. The company plans to add other blockchain apps related to the Bitcoin wallet. Other blockchain apps will help create new sources of revenue for the company.
The company has set February 10, 2018, as the release date for the new version of ZenaPay, which will have an updated start screen that will show each cryptocurrency. Users will see the value of their Bitcoins and Ethereum on the same start screen. It is important for users to be able to see a summary of their holdings immediately to determine which cryptocurrency to use when making transactions.
The growing user base will provide critical feedback needed to improve future versions of ZenaPay, which in turn will increase the growth rate. So far, the reviews are positive, but Epazz needs to immediately address suggestions to increase the app’s ranking on the Play Store.
Epazz CEO Shaun Passley, PhD, stated, “The initial download activity is a good indicator that there is interest in ZenaPay Bitcoin wallet. We need to give it some time to get more data on user activities. The key with ZenaPay is completing transactions quickly, and with every version, we will keep this mind.”
Future Features Releases
Point of Sale
ZenaPay is developing an iPad point of sale (POS) app to integrate with the Merchant App. Epazz will release the POS version of the Merchant App will be released on February 15, 2018. The new system has been designed to seamlessly integrate with merchants’ store flow.
Vendor and Payroll Payment Solution
ZenaPay’s development team is also working on a vendor payment solution that will allow merchant businesses to pay vendors and employees using cryptocurrencies.
Future features will include the following:
- An e-commerce store
- Seed-to-sale tracking
- Sales reporting and compliance
About ZenaPay (www.zenapay.com)
ZenaPay is being developed 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 also be anonymous because all transaction details are 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. specializes in enterprise cryptocurrency blockchain mobile apps and cloud business process software, with more than 500 repeat customers. The new Bitcoin Mobile app is a financial technology company that offers unique software that allows consumers to acquire Bitcoin at the point of sale. The consumer can then use the cryptocurrency or digital currency to make a purchase at the store with ease. Epazz technology makes it easy to convert legacy systems into cloud business process software, for which the company then charges an annual subscription fee. Epazz has acquired 11 software companies that have converted or are in the process of converting their legacy software products to cloud software using Epazz technology. Epazz then markets the new cloud-based solutions to new and existing customers.
SAFE HARBOR
“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 their use of forward-looking terminology such as “may,” “expect,” “intend,” “estimate,” “anticipate,” “believe” and “continue” (or the negative forms 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 markets filings, which contain general business information about the company’s operations, results of operations and risks associated with the company and its operations.