One of the most exciting investment opportunities is the digital payments market. Expected to become a $167.6 billion market by 2026, it’s already evolving at a fast pace. All thanks to explosive mobile Internet use, the entry of payment service providers, and higher demand digital payment features such as one-touch solutions, according to UnivDatos. Some of the major companies disrupting the market include TechX Technologies Inc.’s (CSE:TECX)(OTC:TECXF)(FRA:C0B1) Catalx.io, Paypal Holdings (NASDAQ:PYPL), Square Inc. (NYSE:SQ), Tencent Holdings Ltd. (OTC:TCEHY), and Alibaba (NYSE:BABA).
Look at TechX Technologies Inc., for example.
To date, the company has raised a million dollars, invested in Canada’s premier cryptocurrency exchange, announced two LOIs to acquire two cryptocurrency businesses and the investing community has taken note. In addition, up until now, no platform has been able to combine the right amounts of speed, security and cost-effectiveness to mount a real challenge to traditional banks and cryptocurrency exchanges.
Better still, according to CatalX CEO Jae Park, “CatalX has been primarily focused on working towards becoming the first regulated exchange in Canada, and now we’ve had the opportunity to shift our focus toward user acquisition and revenue growth with the investment from TechX has already proven to be a huge success. We look forward to sharing our numbers in the coming months.”
CatalX is Quickly Achieving Significant Growth
TechX Technologies Inc. just announced that its new portfolio company, Catalyx Exchange has launched FastBitCash.ca, a platform that offers the fastest Bitcoin purchase and withdrawal in Canada. Catalyx.io, which is Canada’s premier cryptocurrency exchange with over 40+ Altcoins available for purchase, launched FastBitCash.ca to provide non-crypto traders with a fast, secure, convenient and fully FINTRAC compliant Bitcoin purchases and withdrawals platform.
FastBitCash Key Features:
- Fastest bitcoin purchase and withdrawal in Canada
- Purchase up to $1,000 with limited KYC
- Buy bitcoin with Interac or EFT
- Lowest transaction fees in Canada
- Cutting-edge and hack-proof cybersecurity
- Trustworthy and fully compliant with FINTRAC
“We are very excited about the launch of FastBitCash.ca, which offers the fastest bitcoin purchases and withdrawals in Canada” said Catalyx CEO Jae Park. “Unlike other crypto platforms, which can be daunting for new investors, FastBitCash allows users to easily buy and hold bitcoin instantly with limited KYC for amounts up to $1,000.”
Other related developments from around the markets include:
Paypal Holdings just announced it agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Curv is a leading provider of cloud-based infrastructure for digital asset security based in Tel Aviv, Israel. "The acquisition of Curv is part of our effort to invest in the talent and technology to realize our vision for a more inclusive financial system," said Jose Fernandez da Ponte, vice president and general manager, blockchain, crypto and digital currencies, PayPal. "During our conversations with Curv's team, we've been impressed by their technical talent, entrepreneurial spirit, and the thinking behind the technology they've built in the last few years.”
Square Inc. announced its industrial bank, Square Financial Services, has begun operations after completing the charter approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions. “Bringing banking capability in-house enables us to operate more nimbly, which will serve Square and our customers as we continue the work to create financial tools that serve the underserved,” said Amrita Ahuja, Square, Inc. Chief Financial Officer and Executive Chairwoman of the board of directors for Square Financial Services. “We thank the FDIC and Utah DFI for their partnership enabling us to reach this milestone, and look forward to continuing to expand access to financial services at this critical time for small businesses.”
Tencent Holdings Ltd. recently announced that Tencent Distributed Database (TDSQL), its financial-certificated infrastructure, is now fully operational in the new core system of Bank Neo Commerce (BNC), one of the progressive banks in Indonesia. The development marks the first time for Tencent Cloud to bring TDSQL overseas, boosting Indonesia's internet architecture for its financial services industry and demonstrates the further move away from traditional database architectures in exchange for scalable and distributed ones, which are now playing an important role in ensuring security risks and sustaining business development as global financial businesses evolve.
Alibaba announced its financial results for the quarter ended December 31, 2020. “China was the only major economy to achieve positive GDP growth last year. Thanks to the rapid recovery of China’s economy, Alibaba had another very healthy quarter,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. “We achieved another successful 11.11 Global Shopping Festival by stimulating consumption, satisfying consumer demands and supporting the business recovery of merchants in response to the impact of the pandemic. Our cloud computing business continues to expand market leadership and show strong growth, reflecting the massive potential of China’s nascent cloud computing market as well as our years of investment in technology. Looking ahead, we are confident that we will continue to create value for our customers, lead with innovation and make our contributions to society.”
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. TechX Technologies Inc.
has paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares of TechX Technologies Inc. Please click here for full disclaimer.
Contact Information:
2818047972
[email protected]
