Blockchain
Zoompass Holdings Inc. Provides Corporate Update
Toronto, Ontario–(Newsfile Corp. – February 2, 2021) – Zoompass Holdings Inc. (OTCQB: ZPAS) (“Zoompass” or the “Company”) is pleased to announce the following update on the Company’s business and corporate objectives for 2021 and beyond. The Company is focused on deploying its proprietary technology portfolio in the following verticals segments:
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Digital Payments Platform including Mobile Wallets with local ecosystems (PaaS)
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Multi-Currency Prepaid Card Platform
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Ride Hail Platform
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Asset Tokenization Platform
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Supply Chain Platform
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White Labelled Licensed Crypto Exchanges
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Blockchain as a service (BaaS)
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Last Mile infrastructure setup for processing of digital transactions
The increase in Global Digital Infrastructure demand has put Zoompass in a unique position to capture future market share. Leveraging our Payment as a Service (PaaS) model, we are currently generating revenue. One of our Corporate goals is to build a highly scalable model that will result in decreased capital expenditures and increased revenue streams for the Company, its clients and partners.
Zoompass’s processing platform integrates multiple product-based operational applications to provide a one-stop solution to our strategic partners, clients and customers. Zoompass offers a compliant blockchain payment solution for global payment ecosystems. Integrated into the Payment Gateway is a Crypto-FIAT Hybrid Value Exchange Platform which allows the Company additional opportunities for revenue.
Highly Attractive Macroeconomic and Socioeconomic Trends
Zoompass’s primary market covers regions with highly favorable macroeconomic trends for digital transactions. We strongly believe that there are huge opportunities in the multi-trillion-dollar cross-border payment industry for Zoompass to carve out a niche as an asset-lite fintech player.
The Company’s business model is structured around collaborative partnerships with local traditional financial service providers, with active customer bases. In a crowded financial services marketplace, these strategic partners provide us the crucial support to overcome critical barriers to a long-term viable business model:
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Competition
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Cost of customer acquisition and
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regulatory compliance.
Revenue Strategy
Our focus is to build and operate a predictable, recurring Payment As A Service (PaaS) revenue model, resulting in less capital expenditures and premise-based investments for our clients.
Zoompass potential revenue sources includes the ability to extract value at each point of the digital payment’s transaction process. Our two-sided payment platform provides us the flexibility to create diversified revenue streams, that include – but are not limited to:
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Licensing fee & monthly recurring fee as a technology service provider
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Subscription fees
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Rule based transaction fees and margins
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White label Strategic Partnerships and Joint venture fees based on our flexible business engagement model
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Consulting Fees
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Users of our fiat-crypto wallet will be incentivized through a differentiated pricing strategy.
“The adoption and value of Zoompass business model will be driven by the interoperable transactional platform we are creating through the global deployment of digital payment projects. Customized solutions with a focus to provide best in class experience for users, allows our clients to easily expand their portfolio of services for different verticals. Blockchain protocol-based payment platforms for different industry verticals allows for further expansion of the revenue streams,” stated Chairman of the Board, Mr. Steve Roberts.
Steve Roberts
Email: [email protected]
Website: zoompass.com
About Zoompass: Zoompass is a global innovator in the SaaS world, focused on next generation web and mobile-based technologies and software solutions for both private and public sectors. We service both market-leading and small businesses around the world, supporting them with technical, financial and operational solutions, as well as global marketing expertise.
Zoompass Safe Harbor Statement
Certain statements contained within this release are considered to be forward-looking under the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties including, but not limited to, the risk that any projections or guidance, including revenues, margins, earnings, or any other financial results are not realized, the impact of changes in tariffs, adverse changes in the global economic conditions, significant volume reductions from key contract customers, financial stability of key customers and suppliers, and availability or cost of raw materials. Forward-looking statements can often be identified by words such as “anticipates, ” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,” “could,” “potential,” “continue,” “ongoing,” similar expression, and variations or negatives of these words. These forward-looking statements are not guaranteeing of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially and adversely from those expressed in any forward-looking statement. Additional cautionary statements regarding other risk factors that could have an effect on the future performance of Zoompass are contained in the Company’s Form 10-k filing for the fiscal year ending in December 31, 2020, and other filings with the Securities and Exchange Commission.
Exverse, a free-to-play game bringing a fresh take on AAA first-person-shooters to Web3, announces the launch of its native $EXVG token on ByBit, a top-three crypto exchange by volume with over 20 million users. The ByBit launch will be followed by spot listings on the MEXC and Gate exchanges. Ahead of its full alpha launch in mid-May, Exverse hosted a soft-launch tournament for 5,000 early registrees on April 15 with cash rewards for top performers.
During the last bull run, Web3 games rose to prominence under the play-to-earn mechanism that made games like “Axie Infinity” so popular. As this model became widely replicated, many of these blockchain-based games prioritized the crypto elements at the expense of the actual game aspects. This trend could be seen in practice by many titles opting to undergo a token launch before even having a working demo, disincentivizing developers to build a quality game, and leaving users with no ecosystem or functioning game to play and spend or the native currency in.
With Exverse approaching its full launch, players can earn $EXVG by performing well while using the native token to enter matches, purchase premium items, and more. The $EXVG token builds on Exverse’s extensive beta and serves as the ecosystem’s currency while the game’s community witnessed a 20 percent growth in verified signups within a month. Supporting Exverse in their token launch are prominent launchpads and incubators that include Seedify, ChainGPT, and GameFi.
To build momentum for its upcoming alpha launch in mid-May, Exverse showcased its game by holding an exclusive deathmatch-style tournament for 5,000 early wait listers on April 15. The five-day tournament, which took place on the game’s ‘Battle Planet,’ gives players a chance to demonstrate their skills and win rewards via stablecoins and tokens. With $50,000 in total up for grabs, the top 100 performers earned at least $200. Top five finishers earnings were dispersed accordingly:
1st place: $4,000
2nd place: $2,000
3rd place: $1,500
4th and 5th place: $1,000
Built using Epic’s Unreal Engine 5, Exverse utilizes blockchain technology to strike a balance between enjoyable, realistic, and immersive real-time gameplay. The game prioritizes skill over pay-2-win mechanics, enabling players to earn rewards by staking tokens before a season’s kickoff. Top performers receive a share of profits from in-game NFTs such as cosmetics and skins.
To support the ecosystem’s development, expansion, and growth while rewarding the team and its early supporters, 400 million $EXVG will be minted.
“We are extremely excited about our token launch and proud to work with a great partner like ByBit to make it happen,” says Fei Ooi Hoong, CEO of Exverse. “We worked tirelessly to develop a diverse, engaging, and intuitive first-person shooter capable of revolutionizing how the public views blockchain-based gaming. Our talented team tapped into its background in traditional gaming to develop a rich and immersive gaming experience and then strategically implemented the NFT elements and in-game economics to enhance the user experience.”
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According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
The post BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests appeared first on HIPTHER Alerts.
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