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Peeks Social Launches Real-Time Payouts with Peeks Social Visa Card

TORONTO, Feb. 22, 2018 (GLOBE NEWSWIRE) -- Peeks Social Ltd. (TSXV:PEEK) (OTCQB:PKSLF) (“Peeks Social” or “the Company”) has launched the Peeks Social branded Visa™ Debit card (the “Peeks Social Visa Card”).

Broadcasters on the Peeks Social Platform can now instantly receive funds they earn on the Peeks Social Platform, in real-time. No more waiting for account statements and payments to be processed. The Peeks Social Visa Card is available to Broadcasters both as a virtual card, suitable for online commerce, and also as a physical card, accepted anywhere in the world where Visa is accepted. Virtual Cards are issuable immediately, whereas physical cards arrive in about 3 weeks.

The Peeks Social Visa Card is expected to significantly enhance the Peeks Social broadcaster’s experience by allowing them to instantly use the money that they have earned on the Peeks Social platform.  CEO Mark Itwaru said “The Peeks Social Visa Card is a revolution in social media and digital commerce by instantly rewarding content providers.  We are excited, both about how our Broadcasters will use this feature in their live interactions with their supporters, as well as our ability to attract new Broadcasters.”

For the Company, the adoption of the Peeks Social Visa Card provides direct benefits by streamlining the process of paying international broadcasters and reducing international transaction processing fees incurred by the Company associated with international settlements.

The Peeks Social Visa Card is an integral component of the upcoming Peeks Social cryptocurrency service.  This service will allow people to convert their cryptocurrencies into cash and spend the cash on the Peeks Social platform and/or anywhere Visa card transactions are honoured.

Peeks Social has also launched its new corporate website, which can be found at:

www.peeks.social

The Peeks Social app can be downloaded in either the Google or Apple app stores, or by visiting www.peeks.social

    
For further information, please contact:
    
Peeks Social Ltd.   
Mark Itwaru  David Vinokurov
Chairman & Chief Executive Officer   Director Investor Relations 
416-815-7000  416-716-9281
mark@peeks.com   davidv@peeks.com 
    

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

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