Substratum CEO Claims an Exclusive National Christian Foundation Partnership, NCF Denies All Ties
In another confounding move, it has just come to light that Justin Tabb’s claim of the National Christian Foundation (NCF) saying it plans on using his company’s (Substratum) upcoming product ‘Cryptopay’ to process their online donations were “false”.
Tabb had earlier released a video regarding his firm’s upcoming products on Youtube, wherein he claimed that he had gotten the executives over at the NCF onboard with his vision.
It is also interesting to note that the National Christian Foundation processes nearly $1.9 Billion worth of transactions yearly.
If Tabb’s claims were true, this partnership would have put Substratum front and centre of the global payments arena and could have really helped spur the use of SUB tokens all across the globe.
More On The Matter
However, as per an email sent by the senior VP of the NCF, Brian E. Grable, there has been “no deal made between the two parties”. Not only that, Mr. Grable also denied involvement with any cryptocurrency service provider to take care of his foundation’s payment needs.
With that being said, it should be noted that in the midst of this entire scandal, Tabb has come out and posted a ‘Letter of Intent’ which he claims he received from the NCF. The letter reads:
“This letter states our intention to use Cryptopay, a division of Substratum, as our sole means of accepting cryptocurrency as donations to National Christian Foundation, provided that fees are within an acceptable range and other details (such as security, ease of integration and scalability) meet our standards . We understand that Cryptopay is in the building phase.”
It now remains to be seen who is actually telling the truth here, but the sentiment at large seems to be against Todd at the moment.