VANCOUVER, British Columbia, June 26, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc.[1] (“LiteLink”) (CSE:LLT)(FRA:C0B[2])(OTC:LLNKF), a leader in digital logistics and payment solutions, is pleased to provide an update on a strategic commercial relationship (dated May 5, 2019[3]) between its wholly owned subsidiary uBUCK Technologies SEZC (“uBUCK”) and Datable Technology Corp. (TSXV:DAC) (OTC:TTMZF) (“Datable”).
Under the terms of the letter of intent (the “LOI”) with Datable, uBUCK will integrate Datable’s loyalty and reward program PLATFORM³ into uBUCK’s digital payments platform. This new integration into uBUCK will allow uBUCK Pay account holders to earn rewards for purchases and payments made within the uBUCK Pay digital wallet or on their uBUCK Mastercard. With this new feature, uBUCK users will be able to make online payments, send worldwide free payment transfers, and now earn real rewards simply for using uBUCK.
In addition to the strategic relationship set out in the LOI, Datable and uBUCK will cooperate to develop digital payments and loyalty solutions for the eSports industry by integrating uBUCK’s Streambucks[4] digital payments solution with PLATFORM³. uBUCK and Datable will share transaction fee revenue from the convenience fees charged for uBUCK pin vouchers and debit card transactions.
“We are very excited to integrate Streambucks with Datable’s PLATFORM³ to offer rewards to gamers and fans across the eSports industry, which is now bigger than Hollywood,” said uBUCK CEO James Youn. “Datable has continued to sign-up well-known brands and proven itself as the number one rewards program on the market. We look forward to being part of their cash card offering and gaining new client referrals through our partnership.”
The terms of the LOI also stipulate that the uBUCK prepaid credit card
