Digitization of the Pawn Shop Industry

Rhea-AI Summary

Dinewise (OTC PINK:DWIS) is set to innovate the pawn shop industry with its PawnTrust platform, launching new features in January 2023. The 'Pawn It' and 'Sell It' options will enable near-instant quotes and payments for pawned items. Additionally, an NFT Marketplace will allow pawn shops to sell merchandise online. PawnScan, which lists verified pawn brokers, is now operational. In 2023, microlending services will be introduced, offering loans ranging from $100 to $5,000 with same-day funding. This positions PawnTrust as a leader in digital pawn services.

Positive

• Introduction of 'Pawn It' and 'Sell It' features for instant quotes and payments.
• Launch of an NFT Marketplace for pawn shops to sell items online.
• Operational PawnScan platform listing certified pawn brokers.
• Upcoming microlending service providing quick loans ($100 to $5,000).

Negative

• None.

ATLANTA, GA / ACCESSWIRE / December 12, 2022 / Dinewise, Inc (OTC PINK:DWIS) (referred to as "Dinewise", "we", "us", "our" or the "Company") Pawn Trust, a Dinewise Company:

PawnTrust is first-to-market in the digitization of the pawn shop industry. PawnTrust will unveil the "Pawn It" and "Sell It" feature in January 2023, allowing consumers to get quotes and payments on pawned items almost instantaneously.

The NFT (Non-fungible Tokens) Marketplace will be launched in early 2023 as well, which will give all pawn shops the ability to sell their merchandise on the block chain marketplace.

PawnScan, a product of PawnTrust that grabs data to create a platform listing verified, active pawn brokers and lenders throughout the country, is live on the company's website, www.pawntrust.com.

In another big announcement that speaks to the evolution of this product is that microlending will be introduced as well in 2023, with small loans offered from $100 to $5,000, with a virtual underwriting method that can approve clients and fund the same day.

PawnTrust, a data intelligence platform in the pawn and microlending sectors, aims to create a trusted platform in the business of lending money to the masses by using certified, listed trustworthy pawn brokers and lenders in the United States.

PawnTrust is designed to take consumers far beyond the local, and will bring the pawn shop online to provide worldwide access. This will allow the customer the ability to easily do business online with a simplified process, rather than be constrained to a limited number of choices locally. This will break physical boundaries, allowing consumers to do business with all verified pawn shops in the country without ever leaving their home, and making PawnTrust a clear leader in the pawn shop industry.

PawnTrust is paving the way for the digital revolution in brick and mortar pawn shops by making the best use of technology, and offer a true one-stop pawn shop for anyone anywhere in the world to sell or pawn.

PawnTrust is a publicly-traded company (DWIS), and you can learn more about all their services at www.pawntrust.com.

Press Contact:

Email: invest@pawntrust.com

Forward-Looking Information

This release includes statements that may constitute ''forward-looking'' statements, usually containing the words ''believe,'' ''estimate,'' ''project,'' ''expect'' or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While the Company believes the expectations reflected in forward-looking statements are reasonable, there can be no assurances such expectations will prove to be accurate. Security holders are cautioned such forward-looking statements involve risks and uncertainties. Certain factors may cause results to differ materially from those anticipated by the forward-looking statements made in this release. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, risks and uncertainties related to the current unknown duration and severity of the COVID-19 pandemic and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

SOURCE: Dinewise, Inc.

View source version on accesswire.com:
https://www.accesswire.com/731191/Digitization-of-the-Pawn-Shop-Industry

FAQ

What is Dinewise's stock symbol?

Dinewise's stock symbol is DWIS.

When will PawnTrust's new features be launched?

PawnTrust's new features are set to launch in January 2023.

What services will PawnTrust offer in 2023?

PawnTrust will offer microlending services and a marketplace for NFTs in 2023.

How much can consumers borrow through PawnTrust's microlending?

Consumers can borrow between $100 and $5,000 through PawnTrust's microlending services.

What is the purpose of PawnScan?

PawnScan is a platform that lists verified, active pawn brokers and lenders across the country.