Is This the Ultimate Way to Play the $2.5 Trillion Digital Currency “Gold Rush”?
On January 24, 1848, the California Gold rush officially began.
Over 300,000 prospectors flooded into the state – the equivalent of over 3 million today.
But who really got rich?
Research has proven it was the merchants who really “struck gold”.
They made far more money than the miners (about half of whom made nothing but a “modest” profit).
One of these merchants, Samuel Brennan, even became the richest man in California for a time.
And all he did was open a shop that supplied miners with the needed equipment – such as picks and shovels.
Today, that strategy is called a “pick-and-shovel” play. And it could be:
The Perfect Way for Ordinary Investors to Profit From a Highly Popular but Volatile and Insecure Commodity – Like Digital Currencies
Between November 2020 and May 2021, over a trillion dollars has flooded into the digital currency markets…
The market soared from under $400 billion to over $1.5 trillion by end-May – with a peak of over $2.5 trillion.
But as the recent selloff has shown, digital currency is still highly volatile.
Many digital currency investors also admit they understand very little about the technology behind digital currency, which places their digital currency holdings at risk.
So it’s no wonder that digital currency scams have surged by over 1,000% since October.
Because in digital currency, there is absolutely no recourse if you lose your money.
Unless you have the technical know-how to set up cold wallets, secure seed phrases, and verify transaction addresses, your digital currency may be at risk.
This has kept more conservative investors away from digital currency – but at the painful cost of missing out on massive gains.
But what if you could have:
A Safe Way of Amplifying Digital Currency’s Gains – Without Excessive Risks
The company acquires and invests in high-potential companies that each help investors better access the digital currency markets – from fiat-to-digital currency payment technology gateways and digital wallets to digital currency exchanges.
In other words, investing in a company like this is similar to investing in a carefully selected variety of “pick-and-shovel” companies.
Which could make TechX Technologies Inc. (CSE:TECX) (OTC:TECXF) the ultimate pick-and-shovel play to safely capitalize on the ongoing digital currency gold rush that could break out quicker than you can blink.
And as its recent price action shows, it could deliver better returns when the digital currency markets are rising – without taking on extra losses when it falls.
Take a look:
Even accounting for its 2.5-to-one share consolidation on Feb 1,2021, that equates to an astounding 1,425% gain.
In contrast, Bit-coin went from $19,775 on Dec 1 to a peak of $64,529 on April 14 – a gain of “only” 226%.
And the entire digital currency market increased from $581.33 billion on Dec 1 to $2.57 trillion on May 7 – a 341% gain.
But what about the downside – how did the company’s stock fare in the recent selloff?
As the table below shows, the company delivered tremendously higher returns on the upside while having roughly the same downside impact.
The result? The company’s overall stock performance has absolutely crushed that of digital currency.
And we know that despite the recent selloff, digital currency is here to stay for the long term.
This means the company could be an easy vehicle for investors to potentially earn multiple times the upside of digital currency – without taking on additional downside risks.
With Visa and Mastercard Joining the Digital Currency Race, TechX Technologies Inc’s. (CSE:TECX) (OTC:TECXF) Subsidiary Mobilum is Well-Positioned to Ride the Incoming Wave
On Feb 10, 2021, Mastercard announced that it would soon start supporting select digital currency currencies directly on its network.
Less than two months later, Visa announced it will allow the use of digital currency USD Coin – a stablecoin whose value is pegged to the USD – on its payment network.
To put that into perspective, Visa and Mastecard hold a combined 90% market share of the credit and debit card market – which accounts for over $7 trillion in payment volume in the US alone.
Once this happens, we can expect a massive wave of new users to enter the digital currency market – many of whom will be using their credit cards to purchase digital currency.
This means that digital currency businesses – such as exchanges – must quickly integrate the ability to process credit card payments and convert them into digital currency.
Mobilum is a plug-and-play fiat-to-digital currency credit card payment processing gateway that enables digital currency businesses to quickly and easily integrate Visa and Mastercard.
With a zero chargeback guarantee, coupled with the highest acceptance rates and lowest transaction fees in the industry of 2.99%, Mobilum is poised for major growth.
It already processes between C$100,000 to C$250,000 in transactions a day and has major customers such as KuCoin – the sixth largest digital currency exchange in the world with over 8 million global users.
But the best part? Mobilum’s main challenge was not getting new business, but obtaining liquidity to support a rapidly increasing transaction volume.
“With very few exchanges offering credit card processing, we’ve seen an exponential increase in demand from exchanges and digital currency businesses to utilize our on-ramp solution. The recent digital currency correction has actually increased our processing volume because investors want to get in on the price dips. By merging with TechX, Mobilum will be able to increase its liquidity, giving us the ability to process millions of dollars in transactions per month.”
~Wojtek Kaszycki, CEO, Mobilum
You’ve probably noticed their direct competitor, Banxa Holdings Inc. rocketing from C$1.58 on January 28th to a high of C$8.30 on March 18th. Banxa is currently sitting at a market cap of C$182 million, almost $100m more than TechX.
With the acquisition by TechX Technologies Inc. (CSE:TECX) (OTC:TECXF) and the added liquidity, we can expect Mobilum’s processing volume to surge rapidly and compete head to head with Banxa on more exchange platforms.
TechX Technologies Inc’s. (CSE:TECX) (OTC:TECXF) uBUCK Wallet Could Soon Provide Millions With Easy Access to the Red-Hot DeFi Space
With Mobilum now part of the TechX family, the company can use its fiat-to-digital currency gateway solution as a powerful onboarding ramp for its uBUCK digital wallet – which will be making its debut in late Q2 or early Q3 this year.
But the uBUCK wallet is no ordinary digital currency wallet that is not only used for storing, receiving, and sending digital currency, but it’s also a portal that people can use to easily access the $60+ billion DeFi (decentralized finance) space, which has grown by 62x in the past year alone.
Why is DeFi such a big deal?
Because people are tired of the big banks who keep piling risks onto our centralized financial system – while never suffering any major consequences.
They’re tired of the banks paying out sub 1% interest rates (or sub 0.10% even!) while continuing to reap billions in profits as the average citizen is slowly crushed between rising costs of living and stagnant wages.
So it’s only natural that they’re drawn to a decentralized financial system – free of the value-sucking financial middlemen – that can also pay double-digit yields.
The uBUCK digital wallet allows users to stake their tokens and earn up to 16% APY on select digital currencies.
On top of that, users can buy and sell over 237 digital currencies using any of the 82 supported fiat currencies.
Once Launched, the uBUCK Digital Wallet Will Further Increase Mobilum’s Liquidity to Process Even More Credit Card Transactions For the Payment Processing Business
Because again – why bother with paltry sub 1% yields when you can just open a simple app on your phone, input a few credit card details (or connect your bank account to make a deposit), and immediately earn multiple times that amount?
Earning passive income like this without lifting a finger is music to our ears.
We’ve already seen how Voyager Digital, which offers interest rates of up to 9%, has attracted over multi-billions of dollars from people sick of what the banks are offering.
It reached $100 million in assets under management in the beginning of November 2020. Just six months later, this had swelled to over $3.3 billion – a 3,200% increase.
And with the uBUCK wallet enabling users to earn a higher interest of up to 16% APY (3.5% higher than the closest competitor), it might not be a stretch to say that:
Voyager Digital, which commands a market cap of over C$3.5 billion as at end-May 2021 has had incredible growth over the past 14 months.
Companies like Riot Blockchain, Marathon Digital Holdings, and Voyager Digital have all reached multi-billion dollar valuations while delivering huge returns to early investors.
But these companies are competing in the increasingly crowded market of digital currency miners and exchanges. Their high valuations also mean that newer investors may have to accept more normal returns, with most of the mega gains having gone to the early investors.
On top of that, it seems clear that one of its pick-and-shovel plays – fiat-to-digital currency on ramping – may be the next growth frontier for publicly-listed blockchain companies.
- As previously mentioned, fiat-to-digital currency payment gateway provider Banxa began trading in January on the TSX Venture with a market cap of C$50 million. Two months later, the company listed on the OTC and its stock price skyrocketed from C$1.58 to a high of C$8.30.
- Simplex, another fiat-digital currency payment gateway provider, was acquired by Nuvei – Canada’s largest private and non-bank payment processor – for $250 million. Nuvei itself has a market cap of over C$12 billion.
This is great news for TechX Technologies Inc.’s (CSE:TECX) (OTC:TECXF) subsidiaries Mobilum and XPort Digital (another fiat-digital currency payment processor it acquired shortly before Mobilum).
But again, this is still just a small part of the company’s full potential.
Catalyx Trading Volume and Revenues Increasing
There’s the 19% stake in fast-growing Canadian (and fully FINTRAC-compliant) digital currency exchange Catalyx – which has just signed Mobilum as its fiat-digital currency payment gateway. Catalyx.io, achieved substantial growth in trading volume, revenue, transaction numbers and average daily active users.
The exchange has seen a 545% increase in revenues and a 1,542% increase in trading volume between the Q4 2020 and Q1 2021. These numbers have continued to shoot up, with May recording a monthly trading volume and revenue growth of 73% and 97%, respectively.All this was achieved purely from organic traffic, with zero paid media.
Catalyx reports the following key metrics from May 2021:
- Trading volume increased 73% from C$22.02 million in April 2021 to C$38.04 million in May 2021.
- Revenue increased by 97% from C$174,001.91 to C$343,367.15
- The number of transactions jumped 34% from 3,901 to 5,242
- Daily average number of active users increased by 51%
“We’re very pleased with our ongoing growth, especially seeing our trading volume increase by 73% during May’s digital currency market crash. Instead of turning investors away, the reduced digital currency prices created an attractive buying opportunity that clearly enticed more users to trade even more as the market became more volatile. It’s very encouraging to see Catalyx not only overcome, but thrive during market downturns.”
Catalyx CEO, Jae Park
Catalyx is also eagerly anticipating the launch of its CADX stablecoin on the 15th largest digital currency exchange in the world, Bittrex Global. After its announcement on April 6th, TechX Technologies Inc.’s (CSE:TECX) (OTC:TECXF) stock rocketed up from C$0.55 to C$1.23 that day and hit a high of C$1.68 on April 14th.
We could see some more fireworks once it actually lists!
So, if you’re tired of watching from the sidelines as thousands of people “get lucky” with digital currency and walk away with triple-digit gains for doing nothing, but you don’t want to directly invest in one of the 10,000 different digital currencies out there (and risk getting your capital hacked or stolen)…
Then TechX Technologies Inc. (CSE:TECX) (OTC:TECXF) could be a better and safer way to potentially earn even big profits than directly investing in digital currency – just like how the merchants did during the California Gold Rush.
And instead of having to rely on the judgments of untrustworthy promoters shilling fantasy digital currency coins, you can trust in a skilled and experienced management team with proven track records running real businesses.
Peter Green – Chairman and CEO
Green has over 25 years of experience of building high performance teams in the international ICT marketplace. At Cable & Wireless Communications, he led the major transition of the UK and Ireland business. As President of Business Solutions at TELUS, he initiated and led the largest contract in the company’s history – a billion dollars over a 10-year period with the British Columbia government. Green transformed TELUS’ Small and Medium Business segment from a division in decline to a $100 million growth in just two years.
Wojtek Kaszycki – Founder & CEO, Mobilum
A pioneer in the area of Ecommerce and Mcommerce solutions, Kaszycki has over 24 years of experience creating and managing innovative technologies. From the beginning of his professional career, he has engaged in the implementation of innovations that change everyday life. Between 1996 and 2001, Kaszycki managed the first Ecommerce agency in Poland, AGS NewMedia, created the first Ecommerce portal in Poland Empik.com (Polish Amazon). Kaszycki is also the Founder and Chairman of BTC Studios, a publicly traded video gaming company listed on the Warsaw stock exchange.
Aaron Carter – Founder & CEO, Xport Digital
Mr. Carter has an extensive background in the financial industry and has worked with various fortune 500 companies in investment banking, online brokerage, market data and a prominent US equity exchange. At AlphaPoint, Mr. Carter played a pivotal role in building their whitelist exchange platform and developed a cohesive customer onboarding process that allowed sales to optimize their deal flow and exceed their target goals.
Michael Vogel – Independent Director
Michael Vogel is a well-known leader and pioneer in the Bit-coin world. He founded Netcoins in 2014, rapidly scaled the company as CEO & CTO to thousands of customers and millions in revenue, before leading the company to public listing in 2018. This made it the first digital currency company of its type to be publicly listed. Netcoins, which was acquired by BIGG Digital Assets Inc. in 2018, is now one of the largest and longest operating Bit-coin exchanges in Canada. Michael is also the CEO of Coinstream, a Bit-coin company aimed at the US market, as well as founder and CEO of Encore Ventures.
Jae Park – Strategic Advisor
Jae Park is the CEO of Catalx Exchange, Canada’s premier digital currency exchange. Jae is also the CEO for Innofoods, a global confectionery producer and distributor that generates $230+ million USD per annum and is Costco’s largest organic snack food supplier in the world. Jae also has successfully launched Innolifecare, the first blockchain-backed N95 masks approved by Health Canada. The platform traces where every piece of material was sourced from via a QR code.
Dominic Vogel – Advisor
As Founder & Chief Strategist at CyberSC, Dominic Vogel holds a proven track record within cybersecurity across a multitude of industries (financial services, logistics, transportation, healthcare, government, telecommunications, and critical infrastructure).
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(Last updated: 08-19-2022 19:26:05)
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TechX Technologies Inc is a company focused on emerging technologies across growth sectors including: crypto, blockchain, AI, IOT and cloud based technologies.