SFLMaven will accept Bitcoin as payment for product sales and
FORT LAUDERDALE, FL, April 21, 2022 (GLOBE NEWSWIRE) — SFLMaven Corp. (OTC Pink: SFLM), (“SFLMaven” or the “Company”) (www.sflmaven.com), a leading provider of high-end luxury goods, is pleased to announce that the Company has begun the process of accepting Bitcoin (“BTC”) for high-end vintage jewelry purchases at the both in the real world and digitally in the Metaverse.
The Company has also begun to diversify its cash and cash equivalent holdings to include BTC exposure as a line item in its recorded asset holdings.
“We believe in the future of Bitcoin and digital payment systems and that fiat currency systems represent a risk to the productivity of assets on the balance sheet as they are subject to monetary expansion, stimulus and debt, which could continue to depress value,” commented Joseph Ladin, CEO of SFLMaven. “So we started to diversify the company’s exposure on the cash side with periodic investments in Bitcoin. We will also be increasing this milestone by moving to allow BTC purchases as we continually work to expand our access to viable end-market customers interested in our unique products.
Management notes that the company is seeing unprecedented operating cash flow in 2022 due to increased demand, increased web traffic to its online store and record attendance at vintage jewelry auctions SFLMaven.
The Company has also begun to implement its metaverse strategy, which promises to increase sales in 2022, further emphasizing the need for alternative payment systems and a diverse process for storing and recording financial assets.
Ladin added, “We are excited to begin accepting Bitcoin as a valid form of payment, especially as we establish our new presence in the metaverse and the sale of digital goods, creating an avenue for an expanding relationship with a massive, tech-savvy new end market.”
Visit the company’s eBay store (www.ebay.com/str/sflmavenantiquesjewelryfineart) for more information or to participate in SFLMaven’s upcoming Famous Thursday Night Auction event.
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SFLMaven Corp. (OTC Pink: SFLM) is a premium supplier of high-end luxury goods to a global base of discerning customers. Famous for its Thursday night auction events on its top-rated eBay store, SFLMaven has generated over $140 million in sales since its inception, earning over 100,000 positive reviews along the way. For more information, please visit the Company’s website at www.sflmaven.com.
This press release may contain forward-looking statements, including information about management’s views on SFLMaven Corp’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes”, “expects”, “intends”, “plans”, “anticipates” or “may” and similar conditional expressions are intended to identify forward-looking statements. All statements made in this press release other than statements of historical fact, regarding an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of SFLMaven, its subsidiaries and its concepts to be materially different from those expressed or implied by these statements. Unknown or unpredictable factors could also materially adversely affect SFLMaven’s future results. The forward-looking statements included in this press release speak only as of the date hereof. SFLMaven cannot guarantee future results, activity levels, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SFLMaven assumes no obligation to update these statements after the date of this release, except as required by law, and also assumes no obligation to update or correct information prepared by third parties that are not paid by SFLMaven.
THE SOURCE: SFL Maven Corp.
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