AppTech Payments Corp. a Fintech company powering commerce experiences, is excited to announce its definitive agreement to purchase Hothand Inc. (“Hothand”), a patent holding company which owns the intellectual property rights to a wide array of mobile credit/debit transaction and mobile search, location, offer, and payment fields.

AppTech will acquire Hothand’s portfolio of twelve patents focused on the delivery, purchase, or request of any products or services within a specific geolocation and time provided by a consumer from any cell phone anywhere in the United States. Hothand’s family of patents also includes advertising on mobile phones within the application, where the products or services are purchased. These patents will serve as a great complement to AppTech’s current patented and proprietary software, which is expected to provide progressive and adaptable products that are available through a suite of synergistic offerings directly to merchants, banking institutions and business enterprises.

Luke D’Angelo, AppTech CEO commented, “The acquisition of Hothand’s patents will bolster AppTech’s highly anticipated technology stack, which will bring the company to the forefront of the fintech industry. We plan to begin writing and filing a more comprehensive patent combining our technologies with those of Hothand, which will serve as a cornerstone of AppTech’s upcoming product offerings.”