WSGF Emphasizes The Democratized Intent Of Its Real Estate Investment App In Light Of Robinhood, Reddit And GameStop News
DALLAS, January 28, 2021 / PRNewswire / – The World Series of Golf, Inc. (OTC Pink: WSGF) (“WSGF”) today announced the democratized intent of its near-term investment application for rental properties in Vaycaychella, in light of the latest news from Robinhood, Reddit and GameStop.
From a recent Yahoo Finance article:
The pandemic, stimulus checks, the ability to own less than a full stock, and the simultaneous surge in commission-free trading have come together in ripe terms for first-time investors. It was a good time for both buy and hold types and day traders leading Gamestop (GME) to the moon. (However, the stock was up more than 1,000% in January. See if it’s changing every minute.)
Robinhood, responsible for popularizing both commission-free trades and fractional investing, has long had the goal of democratizing investing. In an interview with Yahoo Finance, CEO Vlad Tenev stated that the investment climate of the past few days has highlighted a key problem in the world of investing – inequality.
“Private investors and individuals feel that they have been approached. Many of them feel that they are not being taken seriously,” he said. “There’s this term ‘sophisticated investor’ that has been tossed around, so there’s an idea that they are not sophisticated.”
WSGF acquired Vaycaychella last year. Vaycaychella is now the main line of business for the WSGF. A change of company name is in progress.
Vaycaychella has developed a peer-to-peer technology (P2P) solution to connect short-term rental property buyers with alternative investors. The P2P application (app) is part of a fintech ecosystem solution suite for short-term landlords that includes a Visa card solution and plans for a cryptocurrency component.
Not only does Vaycacyhella provide short term rental buyers access to a new investment market sector, it also opens up the opportunity to invest in real estate for individuals who may never have previously had the opportunity to invest in real estate deals.
Vaycaychella plans to introduce a cryptocurrency-based feature to enable partial investments in short-term rental properties.
Vaycaychella intends that everyone has the opportunity to invest in the long term appreciation of real estate, not just those who can afford a down payment and qualify for a mortgage.
Yesterday, the WSGF announced through its subsidiary Vaycaychella that the company remains on track for the planned beta launch of its P2P alternative finance app for short-term rental of Vaycaychella Fintech in February.
Over the past three years, Vaycaychella has built a portfolio of short-term investments in vacation properties that are typically not eligible for traditional mortgages. Now the company is scaling its business model with the introduction of its P2P technology.
WSGF plans to beta launch its Vaycaychella P2P app for beta users in February 2021 expected with a start of production in June.
Look for an announcement in a sneak peek presentation next week that provides an overview of the functionality and look and feel of the Vaycacyhella app.
To learn more and stay up to date with the latest updates at Vaycaychella, visit https://www.vaycaychella.com/. The company’s website has a blog with frequent industry publications on the short term rental market in general, as well as entries for Vaycaychella.
Disclaimer / Safe Harbor: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the company’s current views with respect to future events that involve risks and uncertainties. These risks include, among other things, the expectation that one of the companies mentioned here will generate significant sales, failure to comply with the schedule or the performance requirements of the company contracts, the liquidity position of the companies, the ability of the companies to obtain new contracts, the emergence of competitors with larger ones financial resources and the effects of competitive prices. Given these uncertainties, the forward-looking events discussed in this press release may not occur.
William “Bill” Justice
SOURCE World Series of Golf, Inc.