New partnerships, new markets, new opportunities
As we approach the summer season, we take a moment to reflect on the remarkable progress made by our team during the first half of 2023. From January to June, GoCrypto has been diligently working towards forging new partnerships, venturing into exciting markets, and enhancing our payment solutions. Join us as we delve into the achievements of the past six months and catch a glimpse of what the future holds.
At GoCrypto, we recognize the value of strategic alliances in our growth strategy. Over the last six months, we have established valuable partnerships with industry leaders, including the following notable collaborations:
Done4You: To empower merchants and keep them ahead of the competition, Done4You has joined forces with GoCrypto to develop an advanced, agnostic hardware and acquiring point-of-sale solution. This cutting-edge solution supports multiple payment methods, including card, digital payments, and cryptocurrency payments. It will be launched initially in Belgium and Luxembourg from June 2023, with the Netherlands joining later. This partnership is set to revolutionize the payment landscape in the Benelux region.
Finaro: Finaro is a payments company, providing simple, multidimensional, tailored global payments solutions for merchants and partners. It is both an acquiring merchant bank and a payment processing provider (PSP), providing services via its payment gateway technology. By partnering with Finaro, we have gained access to their high-end acquiring services, ensuring seamless and efficient processing of card payments across our holistic point-of-sale solutions in the European market.
Switchio: Our integration of Switchio's MONET+ application into the GoCrypto holistic POS infrastructure has expanded our capabilities to support card payments in Switzerland, Benelux, and upcoming regions. This integration streamlines the card payment process, reaffirming our commitment to providing secure and seamless payment solutions to businesses and consumers worldwide.
Payrexx: We have collaborated with Payrexx, a payment processor responsible for merchant onboarding processes for card payments and transaction processing services in Switzerland.
These strategic partnerships enable us to extend our reach, deliver white-labeled solutions, and offer comprehensive acquiring services for card payments. With a strong emphasis on collaboration, we are eagerly looking forward to exploring new opportunities and forging additional partnerships in the future.
Tether and the City of Lugano: Our partnership with Tether and the City of Lugano officially began in 2022, and it has only grown stronger over time. Together, we continue to advance our shared Plan B initiative, pushing the boundaries and expanding the adoption of digital payments and cryptocurrencies in the region. Through this collaboration, we aim to create new opportunities and drive economic growth, positioning Lugano as a leading hub for innovative financial solutions.
In our relentless pursuit to promote the adoption of crypto payments, we have made significant strides in Lugano. Within the last six months, we have onboarded over 250 merchants onto our platform. Plan B merchants in Lugano can seamlessly accept payments in Bitcoin on Lightning and Tether on Polygon in-store through our white-labeled POS solution. Our dedicated Sales team operates round the clock in Lugano, actively enrolling new merchants into the Plan B initiative. Notable brands such as McDonald's and New Motors have already joined this movement.
We have now embarked on the next phase of our collaboration with Swiss merchants by introducing our holistic POS solution to the market. Merchants can now access our all-in-one services, enabling them to accept card, crypto, and digital payments through a single POS device. Card transactions will be supported by Finaro, one of the largest acquirers, while the solution will also facilitate Twint digital payments and crypto payments with Bitcoin on Lightning and USDT on Polygon.
Our Swiss company, Elly Financial Technologies Sagl, has become a member of SRO PolyReg, a recognized self-regulatory organization (SRO) endorsed by the Swiss Confederation. This membership demonstrates our adherence to high anti-money laundering (AML) standards and qualifies us to operate fully and provide services in the Swiss market.
Expanding our efforts, we have established Elly Financial Technologies SLV, S.A. DE C.V., our local entity in El Salvador. To ensure smooth operations, we have engaged a reputable local law firm, opened a bank account, and deployed our team to introduce our solutions to local businesses and potential partners in El Salvador. We will first launch our Crypto POS solution, followed by the Holistic version. By collaborating with key players driving crypto adoption in the country, our aim is to provide El Salvador with a proven infrastructure that will propel their economy to new heights.
Our latest version of the GoCrypto POS software offers complete configurability. This dynamic software adjusts its behavior based on the activated payment methods specified by each merchant. Our white-label solution provides distributors with a wide range of payment processors to choose from, along with customized configurations for wallets, currencies, and payment methods.
The recent software updates include an enhanced user interface, optimizations for Pax A920 PRO and Android phones, a printerless option, and support for Spanish and French languages.
For eCommerce, we have optimized the payment flow for mobile devices by incorporating a deep link to our mBills platform. Additionally, we have released a new WooCommerce plugin and partnered with a specialized external company to develop eCommerce plugins for Magento, Shopify, Prestashop, and Opencart. Our eCommerce solution now integrates Flik, a digital payment method, and the Bitfinex payment flow, enabling support for Bitcoin on Lightning and USDT on Polygon payments.
We have introduced several changes and upgrades to the GoC token. Our landing page now features a comprehensive Tokenomics section, providing the community with detailed insights into the benefits and utility of the GoC token.
In addition, we have successfully issued GoC tokens on the Polygon chain and established a liquidity pool on the decentralized exchange Uniswap and QuickSwap. The increased accessibility of our token is further enhanced by its listing on Bitfinex, offering enhanced liquidity and trading opportunities in GoC/USDT and GoC/USD pairs.
We have also introduced a new GoC/USDT trading pair on BitMart, expanding the reach of our valued community members.
We are proud to unveil the GoCrypto 2.0 Open Alpha dApp, showcasing our unwavering commitment to innovation and cutting-edge solutions. This alpha version of our Decentralized Payments Protocol features enhanced payment and tokenomics functionalities.
Our development team, along with legal experts, is working tirelessly to push the protocol to the beta phase. The upcoming features include Blockchain Broakers for fiat settlements, bridges, staking and yield farming capabilities, a referral program, DAO governance, and more. These advancements will enable businesses to embrace the world of decentralized finances.
Recently, we launched the GoCrypto NFT store, revolutionizing smart contract-driven commerce with the support of GoCrypto 2.0 decentralized payments. Users can mint, forge, and burn NFTs while paying for the process using USDT and receiving real merchandise delivered to their doorsteps. The NFT store currently offers GoCrypto NFT merch, with plans to expand its offerings to include other unique NFTs.
To share our vision and connect with industry peers and enthusiasts, we have actively participated in various conferences and events. GoCrypto made a significant impact at renowned events such as Pay360, MPE, Technobank Match&Meet, Planica Blockchain, Money2020, BTC Prague, and many more. Furthermore, we launched our very own podcast, providing a platform for meaningful conversations and sharing insights with our esteemed community.
The first half of 2023 has been a transformative and exhilarating journey for GoCrypto. We have accomplished significant milestones, expanded our services, and established strategic partnerships. With our unwavering dedication and commitment to innovation, we are confident that the second half of the year will bring even more remarkable achievements. We invite you to join us and be part of the GoCrypto revolution as we continue to revolutionize the world of payments.
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