Xurpas Sets Up New Subsidiary

On October 01, 2018, the board of directors of Xurpas Inc. (PSE: X) approved the incorporation of CTX Technologies Inc. (CTX), an entity that will be a wholly owned subsidiary of Xurpas. CTX has secured an endorsement clearance from the Bangko Sentral ng Pilipinas (BSP) with respect to its proposed primary purpose wherein it will engage as a remittance and transfer company, operating as a virtual currency exchange.

CTX will have a platform that will accept cryptocurrencies as payment.

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