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Salesforce com : Data Shows Fintech Market Growth

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by January 17, 2018 General

NEW YORK, January 17, 2018 /PRNewswire/ —

According to data provided by KPMG, the global fintech funding continues to remain strong with US$8.2 billion invested in the third quarter of 2017. This is after more than doubling to US$9.3 billion in the second quarter. Even though deal volume declined slightly in the third quarter this year, investments in Fintech were still way above the US$6.3 billion raised in third quarter of 2016. The United States has led the in global fintech investments. Data shows that in the 3rd quarter of 2017 US$5 billion deployed across 142 deals. A major portion of the fintech industry is the blockchain market. Data by Research and Markets projects that the global blockchain market size is expected to reach USD 7,683.7 million by 2022. Global Payout, Inc. (OTC: GOHE), Global Blockchain Technologies Corp. (OTC: BLKCF), MGT Capital Investments, Inc. (OTC: MGTI), AppTech Corp. (OTC: APCX), AppSwarm, Inc. (OTC: SWRM)

Ian Pollari, Global Co-Lead of KPMG Fintech, “The fintech market continues to rapidly evolve with an increasing diversity of funding participation and sources, geographic spread and areas of interest… We are seeing the emergence of fintech leaders who are looking to expand internationally to scale their platforms, as well as large technology giants moving into adjacencies to create new value for their customers. This is a trend that is expected to continue and could force incumbent financial institutions to take bolder steps in response.”

Global Payout, Inc. (OTC: GOHE) announced yesterday that, “the launch of its newly formed logistics subsidiary, SecurCapital Corp. that will focus on logistics supply chain finance. SecurCapital is introducing a disruptive “one-click solution” offering FINTECH services in the underserved Supply Chain Finance marketplace, estimated at $800 billion globally. SecurCapital will offer solutions to logistics companies providing a cloud based business-to-business (“B2B”) platform for global payments, FOREX, and AR factoring with secure multi-factor authentication designed to mitigate risk and reduce costs.

“Clearly, there has been a monumental transformation influenced by FINTECH, Blockchain and alternative banking options within the global payment landscape,” said Global Payout CEO, James Hancock. “Traditional financial institutions are not positioned to serve global logistics payment requirements for secure access, integrated foreign exchange, and international payments or access to adequate working capital. SecurCapital will be providing a new financial pathway for the global logistics industry. Furthermore, we anticipate SecurCapital will become a significant revenue generator that should strengthen our suite of services and deliver value to the parent company, Global Payout.” Mr. Hancock remarked further.

Global Payout has appointed Stephen J. Russell as CEO of SecurCapital Corporation. Mr. Russell is a veteran logistics executive having held CEO, COO, Founder and EVP positions in public and private logistics companies globally. He was an early cloud pioneer managing as the President & CEO of Salesforce.com – Asia Pacific (NYSE:CRM) and their launch in the Asia and Australia Region while headquartered 4 years in Singapore.

“We’re very excited to launch SecurCapital as a first to market innovative Supply Chain Finance solution set for mid-tier logistics companies. The cold, hard fact is that one-third of the logistics industry still runs on Excel and older legacy in house systems for freight payment. Research shows that there is not only a lack of innovation, but also a lack of understanding of what FINTECH is and its potential impact on the logistics industry” said Russell. “Our aim is to offer the industry Supply Chain Finance solutions designed by actual logistics professionals to reduce cost of payments, FX, improve working capital liquidity, and gain dashboard visibility while leveraging the latest Cloud based FINTECH innovations.”

The SecurCapital Platform (“SCP”), which the Company has developed through the technology available in its Global Reserve Platform (“GRP”), is a fully configurable, “banking-in-a-box” cloud-based platform. The overall design is a “closed proprietary ecosystem” (e.g.., intranet) so that each client has maximum control and security over any internal employees, partners, vendors, and contractors for bilateral payments and improved security.”

Global Blockchain Technologies Corp. (OTC: BLKCF) is an investment company which proposes to provide investors access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies. Recently, the company announced that is has agreed to invest $2 million into Millennial Esports Corp.’s previously announced private placement. Millennial Esports provides turnkey global solutions that cover gaming technology, content production, and broadcasting, with a focus on leveraging synergies between traditional sport and Esports. In November, Millennial Esports announced the formation of a new division focused on the creation and implementation of blockchain based ‘in game and cross platform’ game and digital content tokens. Millennial has just announced that it is launching its proprietary token, which will be implemented using blockchain-based applications and protocols, to enhance the community and user experience, including how to best leverage the huge followings of Gear.Club and O’Gaming. Subject to execution of definitive agreements, Global Blockchain would become the lead investor in this initiative, and anticipates making an initial $5 million investment into the token offering.

MGT Capital Investments, Inc. (OTCQB: MGTI) focuses on an expansion model to grow its crypto assets materially. On December 6, 2017, the company announced that it has executed a new purchase order with Bitmain Technologies for an additional 500 S9 Antminer mining rigs, with shipment expected early in the first quarter of 2018. Following shipment and setup, and in conjunction with the Company’s current rigs in operation or in its possession, MGT’s Bitcoin mining operations will be comprised of over 5,000 Bitmain S9’s. These machines are expected to generate roughly 70 Ph/s of total hash power, and over $4.0 million in monthly revenue, assuming current Bitcoin pricing and Difficulty rates. Factoring in management fees, profit sharing, electricity, hosting and other direct operating costs, EBITDA from the Company’s Bitcoin mining operations is projected at over $2.0 million per month. The Company expects all rigs announced to date to be operating during the first quarter of 2018. 

AppTech Corp. (OTC: APCX) announced earlier in August, the acquisition the following assets from GlobalTel Media, Inc: USPTO 8,369,828 “Mobile-to-Mobile Payment System and Method”, USPTO 8,073,895 & 8,572,166 “System and Method for Delivering Web Content to a Mobile Device” and USPTO 8,315,184 “Computer to Mobile Two-Way Chat System and Method”. Mickey Gross, CEO AppTech, says “The acquisition of GlobalTel Media’s assets will significantly increase our product and services reach into the global mobile payment space which had upwards of $620B of revenue in 2016. It is our plan to license our intellectual property and software products to companies desiring to enhance their digital mobile marketing with secure mobile payments.” AppTech will incorporate its payment technology and services into the new and existing network of mobile apps that include GlobalTel Media’s products and services. AppTech will continue to provide digital marketing, software development, website development, website hosting, remote IT support, robust cloud computing, & comprehensive payment processing for brick-and-mortar, e-commerce, ACH, and mobile business.

AppSwarm, Inc. (OTC: SWRM), a technology company specializing in the accelerated development and publishing of mobile apps, finalized a Joint Venture Agreement on December 20th with USA Real Estate Holding Co to develop a Global P2P Bitcoin Mobile Wallet. The venture calls for a 50/50 revenue share on the technology to be deployed. “This is an exciting partnership for both companies as bitcoin continues to rise to unprecedented value triggering increased interest from institutional investors. To take advantage of this favorable environment, our timely launch of the wallet is expected mid Q1 2018, as most of the technology we need is already in-house,” stated SWRM CEO Ron Brewer. Services and capabilities provided by AppSwarm include registration, login/logout, forgot password, receipts, Payment gateway credentials, Fully Integrated Analytics, KYC & AML protocols, Peer-to-Peer (P2P) Funds and Bitcoin/Cryptocurrency transfer, Merchant Payments, QR code and QR pay.

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