Alternet Systems Pilots ReVolt Electric Motorcycle And Crypto-backed Vehicle Purchase Financing
Alternet Systems, Inc. has announced that it will review the progress report of the concept cryptocurrency backed electric vehicle (EV) purchase finance and the ReVolt Electric Motorcycle pilot currently underway.
Both reports are to be discussed at two online presentations scheduled for release on Thursday, July 19th and Friday, July 20th. On Thursday, the company will present online both the shareholder response and management reaction to the concept cryptocurrency backed electric vehicle (EV) purchase finance and leasing capability proposal announced last Tuesday. On Friday, July 20th, the company will present the initial progress report on the ReVolt Electric Motorcycle pilot currently underway.
To support the sales of electric motorcycles and eclectic bikes, Alternet Systems has been working on a consumer finance solution to provide buyers with purchase financing and leasing products.
In the course of its business development efforts, Alternet Systems have been approached by an investment group proposing the introduction of a cryptocurrency that would permit individual investors to back the purchase financing and leasing products.
According to Randell Torno, CEO of Alternet Systems, the pilot project may well expand in scope as the company has been approached by other electric motorcycle producers interested in evaluating our lithium battery solution. He added that the firm is exploring the potential to share technology. The shareholder response to its cryptocurrency backed EV purchase finance and leasing capability has also taken on a life of its own.
The concept is for the sale of a cryptocurrency or ICO token to source funds that would be used to finance the purchase or lease of their electric vehicles. In so doing, the ownership of such a cryptocurrency would represent a percentage of ownership in the portfolio of loans and leases secured by electric vehicles.
The concept includes a registration of the cryptocurrency in advance of any sales of the cryptocurrency. The cryptocurrency market appears to provide early stage companies with a promising path to rapidly finance new enterprises.
Cryptocurrencies also have an appealing democratic characteristic inherent within the nature of the universally open architecture of initial coin offerings.