UMF Group Inc. Discusses the Future of Secure Cryptocurrencies

BOULDER, Colo., Feb. 09, 2018 (GLOBE NEWSWIRE) -- UMF Group Inc. (OTC Pink:UMFG) ("UMF Group" or the "Company") today provided this discussion highlighting the predicted future expansion of the cryptocurrency market.

"2017 was a breakout year for cryptocurrencies, but this pales in comparison to the potential growth that lays ahead as even more consumers, businesses, and governments get active in the cryptocurrency market as users, developers, and regulators," commented Sean Ross, President of UMF Group Inc. "With cryptocurrencies like Bitcoin, Ethereum, Litecoin, and many others already dominating the public's imagination, 2018 will likely be a continuation of this volatile growth as new adopters and innovators harness decentralized blockchain technologies to transform the world in fundamental ways that are still waiting to be fully realized."

Several key industry expert predictions for the future of cryptocurrencies through 2018 and beyond, include increased adoption by consumers and traditional vendors, increased institutional investor participation, continued coin price volatility, and expanded government regulation. 

Another primary concern for the growing cryptocurrency market is the need for increased speed and security for storing, transacting, and trading a rapidly growing list of coins. Many new transaction speed and security innovations are expected, but for the average cryptocurrency user, a highly-secure wallet application is the most effective way to protect digital currency assets.

UMF Group's CryptoSecure application, developed by subsidiary BitBao Group, is a next-generation Hierarchical Deterministic (HD) cryptocurrency wallet designed to more securely manage, transact, and store a variety of digital currencies including Bitcoin, Ethereum, and Litecoin. CryptoSecure enables digital currency owners to stay in charge of their own money, while helping them to navigate complicated cryptocurrency ecosystems with the assistance of our best in class support team.

The CryptoSecure HD Wallet app is currently in the late stages of development and beta testing. The Company anticipates launching CryptoSecure in the next few weeks for Android, iOS, Windows, Mac OS, and Linux. 

For additional information about CryptoSecure, visit www.umfcrypto.com.

Contact: Sean Ross, President

UMF Group Inc.

[email protected]

FORWARD LOOKING STATEMENT

This news release includes forward-looking statements that reflect UMF Group Inc. current expectations about its future results, performance, prospects and opportunities UMF Group Inc. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward-looking statements are based on information currently available to UMF Group Inc. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2018 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.