AppTech Payments closes acquisition of HotHand, gaining 12 geofence-commerce patents

AppTech Payments Corp.

Purchase price is cash and stock, disbursed upon predefined revenue milestones.
Acquired patent portfolio includes 12 U.S. patents covering geofence-triggered ecommerce and advertising via cell phone.
Patents cover delivery, purchase, or request of products/services within specific geolocation and time parameters.
CEO Luke D'Angelo states combined 16 patents create barrier to competitors, enabling licensing royalties.
Acquisition positions AppTech as a unique Fintech provider in virtual/augmented reality and Metaverse.

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