Blockchain Technology Market and Disruption; Integration of Blockchain in Fintech and Payment Solutions
($EPAZ), ($SING), ($GOHE), ($GLNNF); @EpazzInc, #GlanceBlockchain
Point Roberts, WA; Delta, BC - May 9, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in Blockchain content with its Bitcoin and blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com reports on the blockchain market and stocks in the sector.
According to a recent report by ResearchAndMarkets.com, "The global blockchain market is expected to grow from USD 212.12 million 2016 to USD 8,682.82 million by the end of 2024, at a Compound Annual Growth Rate of 59.04%."
They explain, "The need to deliver improved Customer Experience is one of the factors largely attributing to the growth of blockchain market globally."
Blockchain is finding its way into everything from banking, financial services, insurance, healthcare, real estate, aerospace and defense, automotive, transportation and logistics and numerous other applications being explored for this disruptive secure ledger technology. Currently banking and financial services is one of the key applications for blockchain.
Looking at the market for payment apps, Bluefin.com published their predictions for this year in an article; Welcome to 2018: Slimmer Wallets, Blockchain, Biometric Credit Cards and a FinTech Future. They also say "Payment Apps will Flourish; given the success of real-time, mobile payment apps, expect more hopefuls to enter the market. The majority of Americans may soon have 5-10 payment apps on their phones, including multipurpose apps like ApplePay, person-to-person platforms like Venmo and PayPal, and card-specific apps like Chase Pay."
Recent Stock News and Developments:
A company looking at the opportunities in blockchain mobile apps and payment solutions is Epazz, Inc. (OTC: EPAZ). Epazz, a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, announced in April that the Company recorded operational income for the year ending in 2017. The Company recorded operational income of just over $628,000 dollars unaudited numbers which represented an increase of over 103 percent from 2016 numbers. The company also had positive net income for 2017. The company expects to complete its audit in the next several weeks.
The company already has over 5 blockchain mobile apps available for download. In addition, the company is finishing up development on Cordtell, its patent pending blockchain smart legal contracts solutions as well as developing patent pending blockchain patient portal solutions. Finally, in the coming weeks, the company will be releasing its Social Media Blockchain Decentralized Platform which removes the middlemen, allowing users to have more control over their data and how they connect with others. The app will be available in the Apple App Store and on Apple Play.
The Company also announced April 26, 2018 that the ZenaPay Blockchain Bitcoin wallet will release its next version in June. This release supports Bitcoin Cash and Segwit on Play store. ZenaPay already supports Bitcoin and Ethereum. The addition of Bitcoin Cash provides our users an additional option when making cryptocurrency transactions. Segwit will help to reduce the size of Bitcoin transactions. This is said to reduce the overall transaction capacity on the Bitcoin network. Segwit will reduce median fees by one-third. Epazz believes Segwit support will increase our user base.
The ZenaPay Wallet app will continue to adopt multiple cryptocurrencies on a single Blockchain Wallet. ZenaPay offers a quick, simple, complete transaction. ZenaPay will include features from our other blockchain apps.
SinglePoint Inc. (OTCQB: SING), a company with a portfolio that includes mobile payments, ancillary cannabis services and blockchain solutions, recently announced its subsidiary ShieldSaver signed an agreement with CarFax to provide detailed information directly to CarFax while being able to pull data from the CarFax system to further efficiencies within the ShieldSaver mobile application. ShieldSaver is building relationships with industry leaders and rapidly expanding its presence across the nation through relationships with international airport parking lot management companies, such as WallyPark and LAZ Parking.
ShieldSaver utilizes proprietary License Plate Recognition (LPR) technology to collect large quantities of important automotive and consumer data. There are many stakeholders that need access to this data; for instance, insurance companies have an interest in knowing that a windshield was actually in need of repair and that the repair was soundly completed. At the same time, much of the data collected is private and should only be shared with parties that have a legitimate need to access the data. As ShieldSaver expands its infrastructure, SinglePoint will provide the expertise to begin storing data in a blockchain-based, distributed ledger with appropriate access controls to ensure that parties who need access can retrieve it in the most secure and efficient manner.
In March, SinglePoint Inc. (OTCQB: SING) announced the soft launch of its SingleSeed payment bitcoin payments solution.
SinglePoint also entered into an agreement with Global Payout (OTC: GOHE) in December of last year. Global said it intended to begin collaborating with SinglePoint to maximize its existing suite of financial technology solutions, including those utilized by its majority owned subsidiary, MoneyGram Technology, Inc.
From the press release - According to Global CEO, "SinglePoint's knowledge and expertise in mobile payments and other mobile technology offerings is something we believe could be a significant addition to the financial payment platforms we have developed, and are still developing, for our clients in the many different industries we serve. We are also eager to use this agreement as an opportunity to examine how a partnership with SinglePoint can be leveraged to enhance the payment and financial solutions offered by MoneyTrac Technology, our majority owned subsidiary is focused on offering in the rapidly expanding multibillion dollar cannabis industry."
Global Payout has also integrated blockchain technology into its payment solutions company announcing in February - The Missing Piece: MoneyTrac Technology Aims to Disrupt Payment Technologies in JV with GreenBox POS, a Blockchain Company
Glance is bringing its full suite of payment, loyalty and blockchain solutions for the mobile era to Australia. Glance is exploring opportunities for its flagship Glance Pay and Glance Merchant apps, and an initial pilot with an Australian merchant is planned to be launched soon.
"Similarities in culture and language make Australia an ideal place for us to expand the international reach of Glance," says Glance Technologies CEO, Desmond Griffin. "Australia is a community of engaged, sophisticated consumers, with numerous businesses and entrepreneurs who are willing to embrace fluid, innovative tools with which to better serve them."
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