NetworkNewsWire
Editorial Coverage: Blockchain has heralded innovation,
stretching across both the financial and technological worlds,
which has paved the way for new methods of online transaction. The
underlying blockchain technology is one such method that not only
protects the anonymity of users during transactions, but also
allows for the securing of transaction contents. With the digital
age bringing many questions revolving around online transactions,
the following companies are integrating the power of blockchain to
offer cutting-edge service and support: Epazz, Inc. (OTC:
EPAZ) (EPAZ
Profile), MGT Capital
Investments Inc. (OTC: MGTI), Bitcoin Services
(OTC: BTSC), Glance Technologies, Inc. (OTC:
GLNNF) (GET: CNX) and Global Blockchain
Technologies Corp. (OTC: BLKCF) (BLOC: CC).
With its creation in 2009, bitcoin began as a decentralized,
peer-to-peer payment network allowing products and services to be
purchased online while ensuring that transactions are digitally
signed, verified and secure. This virtual “money” has proven to be
ideal for online business, as it makes use of encryption to
regulate the generation of currency units that are independent from
any central bank. The technology has been used by micro-merchants
intending to lower transaction costs, as well as tech-savvy
merchants wanting to differentiate themselves from the
competition.
Bitcoin seems to be the bait that has attracted more attention
to the underlying blockchain technology, and many companies are
finding the technology to be an anchor of innovation as new
applications and opportunities arise.
2018 Heralds a Year of Momentum
As an innovative provider of blockchain-based cryptocurrency
mobile apps and customized cloud-based business software solutions,
Epazz,
Inc. (OTC: EPAZ) has a swelling acquisition portfolio
featuring a variety of software companies that strengthen its
position in the market.
The company kicked off 2018 with the release of its ZenaPay
blockchain payment system (http://nnw.fm/t8WeY) on the Android Play Store.
Already available in the Apple App Store, ZenaPay enables Android
users to buy items online or in-store using bitcoin and soon
Ethereum .
Within two weeks of its launch for the Android operating system,
the ZenaPay bitcoin wallet was downloaded more than 10,000 times,
demonstrating increased consumer and merchant interest in
cryptocurrencies and blockchain. By the end of January, Epazz
reported more than 17,000 downloads, and the company has since
noted its plans to create new revenue streams by adding other
blockchain apps related to the bitcoin wallet.
“The initial download activity is a good indicator that there is
interest in ZenaPay Bitcoin wallet. We need to give it some time to
get more data on user activities. The key with ZenaPay is
completing transactions quickly, and with every version, we will
keep this mind,” Epazz CEO Shaun Passley, PhD, stated in the press
release.
Later this month, Epazz intends to release the second version of
its ZenaPay app, integrating support for Ethereum and making the
platform one of the few available blockchain wallet apps to support
multiple cryptocurrencies (http://nnw.fm/2RGHy).
As the company notes, bitcoin may have triggered the
cryptocurrency craze, but there are several other options on the
horizon. Epazz’s strategy is to gauge consumer interest in other
cryptocurrencies and support those with the highest demand.
Portfolio Expansion Enables Blockchain
Synergies
January proved to be a month of acceleration for Epazz, as the
company expanded its portfolio with the acquisition of Android app
CryptoFolio. Designed to make cryptocurrency investments simpler
and more practical to track, the app provides users with full
control of their cryptocurrency portfolios.
While CryptoFolio has reportedly been installed roughly 2,900
times, the company points out that several similar apps have an
installed base of more than one million unique users. Epazz plans
to launch future versions of CryptoFolio that will include an
option to download ZenaPay, as well as features like added
cryptocurrencies and additional languages to attract more users.
Future plans also include an iOS version of the app.
“The synergies with ZenaPay and CryptoFolio are clear,” Dr.
Passley stated in a press release (http://nnw.fm/4u2Mi). “CryptoFolio users will benefit
from ZenaPay. We will add mobile apps through acquisition or
internal development over the next few months. We believe
blockchain is a very large industry, and we will use our skills to
expand into this market.”
Epazz also recently acquired iOS app Bitcoin Charts, creating
another opportunity for inter-portfolio synergy.
Bitcoin Charts provides live trading data on cryptocurrencies to
users on the iOS platform. Epazz intends to combine the app with
CryptoFolio to create “the ultimate live cryptocurrency trading
app,” which is expected to be available on both the App Store and
Google Play, with translations available in 10 unique
languages.
“We are purchasing the rights to blockchain apps to speed up our
market entry into the blockchain industry,” Dr. Passley explained
in the news release (http://nnw.fm/VHb8t). “We will add mobile apps through
acquisition or internal development over the next few months. We
believe blockchain is a very large industry, and we will use our
skills to expand into this market.”
Pioneering the Digital World
Epazz’s portfolio also includes unique BoxesOS™ applications,
which create virtual communities for enhanced communication,
provide information and content for decision-making and create a
secure marketplace for any type of commerce.
In December 2017, Epazz filed a provisional patent for its new
blockchain smart legal contract. This technology allows
transactional contracts to become living contracts that can be
tracked and traced, with the added verification that terms within
contracts are followed by all parties involved.
The company plans to add this technology to BoxesOS, which is
currently being upgraded with new blockchain technology. As Epazz
continues to expand its portfolio, the company says that all of its
software programs will soon have blockchain technology
automatically built-in.
The new version of BoxesOS will be called BoxesOS 2018 and is
expected to feature blockchain payment processing, smart contracts,
online document editing, web content management, cloud integration
tools, a cloud database and an application builder.
“Blockchain-based technology is the future of the Internet.
Epazz will add blockchain technology to all of our products in the
coming months using our blockchain cloud platform, BoxesOS,” Dr.
Passley stated in the press release (http://nnw.fm/RbM1Rd). “The company has been working
with customers to understand the best uses of blockchain, and we
are excited about filing the first of many blockchain patents, with
many more to come.”
Epazz has proven itself to be a pioneer in the digital world
through the ever-expanding development initiatives on its
technologies and an awareness of broader market demand for
cryptocurrency and blockchain applications. The company’s forays
have placed it in an industry occupied by several other
innovators.
MGT Capital Investments (OTC: MGTI) is in the
business of acquiring, developing and monetizing assets in the
mobile gaming and online space, as well as the casino industry. The
company operates through two reportable segments: gaming and
intellectual property. It’s in the process of acquiring D-Vasive.
The company's product includes Sentinel, which protects networks,
computers, users and data. MGT Capital Investments was founded in
1977 and is headquartered in Durham, North Carolina (http://nnw.fm/hl7fQ).
Bitcoin Services (OTC: BTSC) engages in the
bitcoin and mining of other cryptocurrencies. The company offers
bitcoin escrow service acting as a neutral third party between
buyer and seller when doing business online. It is also involved in
the development and sale of blockchain software. The company was
formerly known as Tulip BioMed, Inc. and changed its name to
Bitcoin Services, Inc. in March 2016. It was incorporated in 1997
and is headquartered in Kalamazoo, Michigan (http://nnw.fm/STcb1).
Glance Technologies, Inc. (OTC: GLNNF) (GET:
CNX) is a financial technology company that develops and
operates mobile payment processing software and smartphone
applications. It offers Glance Pay, a streamlined payment system
that consists of proprietary technology, including user apps
available for free downloads on iOS and Android operating systems,
a merchant manager app, and a technology hosting environment with
anti-fraud technology and payment processing. The company offers
in-app marketing, social media marketing, customer feedback,
in-merchant messaging and custom rewards programs to a network of
merchants and consumers. Glance Technologies Inc. is based in
Vancouver, Canada (http://nnw.fm/ottB8).
Global Blockchain Technologies Corp. (OTC: BLKCF) (BLOC:
CC) is an investment company that gives investors access
to a basket of holdings within the blockchain space that are
managed by a team of industry pioneers and early adopters of
various cryptocurrencies. The company was formerly known as Carrus
Capital Corporation and changed its name to Global Blockchain
Technologies Corp. in October 2017. Global Blockchain Technologies
Corp. was incorporated in 2010 and is based in Vancouver, Canada
(http://nnw.fm/Us0aW).
Hive Blockchain Technologies Ltd. (TSX.V: HIVE)
is focused on bridging the blockchain sector and traditional
capital markets. The company has a strategic partnership with
Genesis Mining Ltd. to build the next generation of blockchain
infrastructure. HIVE owns state-of-the-art GPU-based digital
currency mining facilities in Iceland and Sweden, which produce
newly minted digital currencies like Ethereum continuously, and
provides shareholders with exposure to the operating margins of
digital currency mining as well as a growing portfolio of
crypto-coins. Hive recently announced the completion of the first
phase of its mining complex in Sweden (http://nnw.fm/kw1Xm).
SinglePoint, Inc. (SING) has grown
from a mobile technology provider into a diverse holding company
with a growing portfolio of investments in blockchain-related
technology. The company implementing blockchain to the core of its
business strategy, specifically as it pertains to the cannabis and
other “high-risk” industries. By acquiring companies and
technologies with established roots in blockchain services,
SinglePoint can provide increasingly integrated options for
blockchain-based payment systems. The company recently announced an
LOI to acquire Bitcoin Beyond, which was created to overcome the
challenges of merchants in the cannabis industry.
After market analysts forecast 2018 as the year in which
blockchain technology will really heat up, Epazz has set the bar
high. The company’s savvy innovations and fast-developing systems
spell a new era in online business transactions that have, thus
far, shown great potential for expansion in the global market. With
the quick pace of technology in this digital age, effective
business communication and security is becoming an increased
necessity. Blockchain’s ideal nature in recording management
activity could become the backbone tracking architecture for an
ever-developing and transparent structure of digitised documents,
transactions, and assets.
For more information on Epazz, Inc., visit Epazz,
Inc. (OTC: EPAZ)
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