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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