ICOx Innovations Inc. (“ICOx”)(TSXV and OTCQB: ICOX), which designs, builds and manages digital currencies so organizations can grow their businesses by attracting, engaging and retaining customers through the creation of their own digital currency, provided a recap of company and partner highlights for Q2 2019.
ICOx announced the launch of Cathio Inc., to transform the way the Catholic economy moves money.
Cathio also announced a stellar Board and Advisors including former Senator Rick Santorum (former US Republican Presidential candidate) and Ambassador Jim Nicholson (former US Ambassador to the Holy See – Vatican). Cathio also announced MOUs for 4 customer engagements and we expect to see more product and customer announcements over the coming quarters. Cathio is a subsidiary of ICOx Innovations.
For more information on Cathio, please visit: www.cathio.com
ICOx announced sBetONE Inc, focused on opportunities in the rapidly expanding US regulated sports betting market.
sBetOne is developing opportunities for regulated celebrity-endorsed sports betting platforms in the high growth sectors, initially for golf betting and eSports betting in the US. We also announced a strong Advisory Board for sBetOne including Gabe Hunterton (former President City of Dreams Casino Macau and former National Director Marketing for Bellagio Las Vegas), David Flynn (former senior leadership roles at Ongame, NYX Gaming, VeraJohn.com and involved in over $1B in exits in the online gaming sector); Ashley Sandyford Sykes, former Executive Vice President Digital Games at Scientific Gaming and product owner for major casino and sports betting platforms; Rick Dugdale Independent film producer and President & CEO of Enderby Entertainment; and Aaron Wagner founder and Managing Partner of Wags Capital. We look forward to further product and project developments in the coming quarters for sBetOne. sBetOne is a subsidiary of ICOx Innovations.
For more information on sBetOne, please visit www.sBetOne.com .
Our partners BitRail and Freedom Coin and their regulated blockchain payment platform for stable coins, made great progress in June with the granting of additional money transmitter licenses and live testing of its end-to-end blockchain payment platform. BitRail’s first signed customer is Freedom Coin, serving a community of 4.7M registered users transacting over $650M annually. This could position Freedom Coin to become one of the most retail-transacted cryptocurrencies in US in the next 12 months.
For more information on BitRail, please visit www.BitRail.io
Our partner RYDEHolding Inc. the operator of the KODAKOne Platform announced that KODAKOne is now to have begun earning revenues.
RYDE Holding Inc. is servicing more than 22 customers live on the KODAKOne Post-Licensing Platform (PLP) and producing daily revenues for their clients. Ryde Holding Inc. also announced a partnership agreement with Image Protect, targeting to add 75 additional customers on the KODAKOne PLP. For more information on KODAKOne, please visit www.kodakone.com. (RYDE Holding, Inc. is a brand licensee of Eastman Kodak Company)
Major blockchain industry headlines with Facebook’s Libra Coin
Blockchain and branded digital currencies made global news in June with Facebook’s announcement of the Libra Coin and their Calibra digital wallet, reinforcing JP Morgan’s JPM Coin announcement earlier in 2019, with both firms looking to bring crypto mainstream by adopting regulated stable coins. This marks a seminal moment for the blockchain and branded digital currency space and in 2019, we expect more and more brands to follow the stable coin model designed for retail audiences, pioneered by ICOx and our partners. It is welcome to hear the external validations of our model and we remain confident we are on the right path for developing branded digital currencies in compliance with federal and state regulations.
Our experienced ICOx team, solid blockchain infrastructure offerings for both digital wallets and digital currencies and ability to announce new projects in high growth areas, positions ICOx well to partner with the Fortune 5000 brands and large organizations seeking to launch their own branded digital currencies, following the move by Facebook, JP Morgan and others to bring blockchain and cryptocurrencies into the mainstream .
About ICOx Innovations
ICOx Innovations (TSXV and OTCQB: ICOX) creates and manages digital currencies for innovative brands to grow their businesses – attracting, engaging and retaining their customers through the creation and use of their own digital currency. ICOx enables brands to provide additional payment options at lower costs while owning more of the transactional data chain and driving new models for customer loyalty. ICOx leverages its expertise in blockchain technology and regulatory compliance to deliver branded digital currencies for its clients.
For more information on ICOx Innovations, please visit us at: www.icoxinnovations.com. For additional investor info visit www.icoxinnovations.com or www.sedar.com and www.sec.gov searching symbol ICOX.
Company Contact
Bruce Elliott, President
Phone: 424-570-9446
Bruce.elliott@icoxinnovations.com
Media Contact
ICOx Innovations
Arian L. Hopkins
Communications, ICOx Innovations
arian@icoxinnovations.com
Phone: 424-570-9446 ext. 2
Investor Inquiries
Phone: 424-570-9446 ext. 8
ir@icoxinnovations.com
PCG Advisory
Jeff Ramson / Stephanie Prince
jramson@pcgadvisory.com
O: 646-762-4518