Bitcoin and Ethereum to be accepted as payment for passenger rail service
LAS VEGAS, NV, Jan. 09, 2018 (GLOBE NEWSWIRE) -- X Rail Entertainment Inc. (OTC PINK:XREE) www.xrailenterprises.com, a company that is developing passenger rail service from Southern California to Las Vegas, and the operator of X Wine Railroad www.xwinerailroad.com, announced today that it is planning to accept Bitcoin and Ethereum as payment for both its short line rail excursions, as well as its Southern California to Las Vegas service scheduled to run later this year.
Michael Barron, CEO said, “We are working hard to quickly develop the systems to allow cryptocurrency as payment for our train services. Our demographic studies indicate that many of our customers have a great interest in this form of digital payment, and we expect that interest to increase in the months to come. Some of the largest companies in the world are now accepting cryptocurrency as payment for services; we believe that is a strong signal for us to do so as well.
“Cryptocurrency is a new concept to many people and it is still in its infancy in many ways, but we believe it is here to stay. We are building our business to be different and forward-thinking, and we think it is important to show our customers that we are looking to the future—not only in re-defining passenger rail service, but also in offering a cutting-edge payment system.”
Barron continued, “Our X Wine Railroad service has been a tremendous success, and we are gaining more interest each month. We are planning to introduce our crypto currency payment system on our X Wine Railroad service this year and if successful, we would integrate the system on our planned Los Angeles to Vegas X Train service later this year.”
For further information and booking information, view our website at www.xwinerailroad.com or contact our team at: 1-855-730-2040.
About X Rail Entertainment, Inc. (OTC PINK: XREE)
X Rail Entertainment, Inc. is in the rail service business and operates specialty passenger trains from metropolitan areas in the US to resort gaming/casino destinations. XREE has the operating divisions, X Trains, X Wine Railroads, and a licensed IATAN travel agency, X Train Vacations, which books excursion rail travel for passengers. www.xrailenterprises.com or http://www.vegasxtrain.com.
Forward-looking Statements:
This press release may contain forward-looking statements regarding X Rail Entertainment, Inc. (the “Company”) within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are “forward-looking statements”, including statements regarding: the financial outlook of the Company, the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” “anticipates,” “seeks,” “should,” “could,” “intends,” or “projects” or similar expressions, and involve known and unknown risks and uncertainties. The Company’s actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, and may be beyond the Company’s ability to foresee or control. X Rail Entertainment does not undertake an obligation to update or revise any forward-looking statements, and all forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date hereof.