Blockchain
ALYI EV Battery Strategy Keeps Pace With “It’s All About The Batteries” Outlook
Dallas, Texas–(Newsfile Corp. – September 10, 2020) – Alternet Systems, Inc. (OTC Pink: ALYI) today highlighted an article in Barron’s featuring an electric vehicle (EV) battery technology backed by Bill Gates and Tesla co-founder, J.B. Straubel. The article characterizes the essential role of advancing battery technology to the ultimate widespread adoption of electric vehicles.
Barron’s: Another EV Stock Is Coming. This Time It’s All About the Batteries.
With ALYI’s primary focus currently on electric motorcycles, the battery hurdles are lower. Nevertheless, ALYI’s electric mobility vision reaches well beyond electric motorcycles and the ALYI design team expects ALYI will make its own contributions to battery cost reduction and increased driving range.
ALYI’s battery innovations will be one topic included in the company’s industrial design team presentation tomorrow, Friday, September 11, 2020.
The ALYI award winning design team with over 200 patentable claims will be introduced Friday to feature ALYI’s future electric vehicle design momentum stemming from lessons learned through work on ALYI’s Rideshare ReVolt Electric Motorcycle designed to augment the current Sub-Saharan motorcycle taxi (boda boda) market capacity and in the long-term, evolve the entire motorcycle fleet into a safer and environmentally sustainable ecosystem.
ALYI’s battery innovation progress is setting the company’s Rideshare ReVolt Electric Motorcycle apart from its competitors and could generate its own revenue stream.
ALYI Management anticipates the company’s groundbreaking electric vehicle battery innovation progress could generate an independent stream of revenue adding to the company’s current $300 million in projected electric vehicle revenue.
The team will carefully touch on the current ReVolt Electric Motorcycle version keeping most current design features under wraps pending the launch of production. The larger purpose of the presentation is to demonstrate the overall design capabilities and experience behind ALYI’s current and future electric mobility innovations.
ALYI’s electric mobility focus in Sub-Saharan Africa is founded on bringing environmentally sustainable transportation resources to a region where per capita transportation infrastructure is substantially under resourced. At the same time, ALYI intends to develop and deploy the subject sustainable transportation solution in a manner that optimizes the economic benefit to the local economy.
The Rideshare ReVolt Electric Motorcycle is just the starting place for ALYI’s long-term electric mobility vision. Instead of designing specific future products in an isolated lab, ALYI has designed a process to bring a community of stakeholders together with ALYI’s own design team to collectively contribute to the future of electric mobility in Sub-Sharan Africa and beyond.
To motivate and inspire collaboration in a rational electric mobility evolutionary process, ALYI has architected an annual electric mobility symposium and conference around an electric auto race as an anchor event. The annual event will generate revenue contributing to the local economy, at the same time contributing to the evolutionary development of future electric mobility innovations. The expense of research and development will at least be offset by revenue from the annual event and potentially, research and development may become a profit center.
ALYI Electric Mobility Ecosystem Participation
ALYI’s electric mobility ecosystem has been designed to invite wide participation with the catalyst launching the ecosystem into perpetual motion built around a planned initial cryptocurrency offering (ICO) organized by ALYI funding partner RevoltTOLKEN.
The RevoltTOKEN cryptocurrency is structured to incorporate the holder as a stakeholder into the ALYI electric mobility ecosystem.
The RevoltTOKEN cryptocurrency is a utility token with redeemable value into the ALYI electric mobility ecosystem.
All interested in purchasing RevoltTOKEN cryptocurrency are encouraged to thoroughly review the white paper currently in a draft form and available on the RevoltTOKEN website (www.revolttoken.com) where the cryptocurrency redemption options are listed.
The whitepaper also details the overall vision of the ALYI electric mobility ecosystem in partnership with those becoming RevoltTOKEN stakeholders.
RevoltTOKEN is prepared to promptly move forward with the planned ICO. The ICO date and details will be forthcoming in several soon to be published future updates.
In the meantime, any parties interested in the pre-ICO purchase of RevoltTOKEN cryptocurrency can contact the company by email at [email protected] to explore pre-ICO incentives and opportunities.
For more information and to stay up to date on ALYI’s latest developments, please visit www.alternetsystemsinc.com.
Disclaimer/Safe Harbor: This news 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. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
Alternet Systems, Inc. Contact:
Randell Torno
[email protected]
+1-800-713-0297
Blockchain
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
The post Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics appeared first on HIPTHER Alerts.
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
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