SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

October 22, 2014 09:00 ET

Alternet Systems Partners With Wildcard Consulting to Launch Bitcoin Debit Card

MIAMI, FL--(Marketwired - Oct 22, 2014) - Alternet Systems, Inc. (OTCQB: ALYI), a business to business facilitator for digital currency and mobile commerce services in the digital asset and virtual currency ecosystem, today announced the completion of a formal agreement with Wildcard Consulting Inc. ("Wildcard") to launch the first U.S. based Bitcoin debit card.

Henryk Dabrowski, CEO of Alternet Systems, stated, "Access to digital currency via a debit or credit card is a key step in the evolution of Bitcoin and its integration with Fiat currencies such as the US Dollar. It is our intent to partner with major service providers of Bitcoin wallets and financial institutions to establish the distribution of our new card. Wildcard Consulting will be responsible for product development, technical integration and successful commercial deployment. Alternet Financial Services will focus exclusively on marketing and selling these services. We believe the time has come for holders of Bitcoin to be able to exchange their digital currency for other assets seamlessly."

Wildcard now becomes Alternet's primary Strategic Product Design and Architecture firm tasked with building Alternet's entire suite of financial and payments products designed for Digital and Fiat currencies. The program will be the first of its kind in the U.S., and will be designed to operate in full compliance with Banking and Federal guidelines. The first product will allow the consumer to utilize their debit card for purchases with the option to access their bitcoins and other digital currencies.

It will be the first platform capable of exchanging Digital and Fiat currencies, through accepted mechanisms, in a format that provides a path to immediate, ubiquitous acceptance. With this platform and the associated services it powers, any vendor can do business with a consumer spending digital currencies, and be paid accurately and securely in U.S. Dollars or any other currency.

The Digital Currency Initiative begins with building a central platform that will be able to issue multiple-currency card products, as well as provide mobile payments apps, loyalty programs, banking, and other financial services designed to allow the secure, real-time interchange of Digital to Fiat currencies.

Travis Dulaney, CEO of Wildcard Consulting commented, "We are excited to be selected as Alternet's Strategic Partner. The financial services and payments industries are currently in a healthy and necessary state of change. The opportunities for improvements in regulatory control, fraud protection and Adaptive Individual Intelligence ("Aii") are endless. Digital Currencies, are the key to the evolution of how we see and use financial instruments today. Alternet's platform will provide the infrastructure and products, to take advantage of this new digital frontier."

About Alternet Systems, Inc.:
Alternet Systems, Inc. is an enterprise accelerator company focused on the complementary, high-growth markets of Digital Currency, Mobile and Internet Commerce and Cyber-Security products and services. Through its subsidiaries, Alternet captures and converts extraordinary growth opportunities surrounding the explosion of newly adapted Internet technologies and platforms.

More information about Alternet and its subsidiaries can be found at www.alternetsystems.com and by following the company on Twitter www.twitter.com/alternetsystems.

About Wildcard Consulting:
Wildcard Consulting is a mobile & payments product architectural firm dedicated to the evolution of the payments industry. With over 20 years of experience in the financial services industry providing leadership, strategic direction and innovation, Wildcard builds our clients' visions for their products and services, as they deal with an ever-changing financial services landscape. Wildcard designs, develops and implements payments products, banking and financial services systems and platforms for clients all over the world. For more information please visit www.wildcardconsulting.net.

Safe Harbor Statement:
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

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