ALT5 Sigma, a wholly-owned subsidiary of JanOne, Launches ALT5 Settlement Platform aimed at the untapped $27.3 Billion Global Digital Content Creation Market

Rhea-AI Summary

JanOne (Nasdaq: JAN) announced that its subsidiary, ALT5 Sigma, has introduced the ALT5 Settlement Platform targeting the $27.3 billion Global Digital Content Creation Market. The platform enables digital platforms to pay content creators instantly in cryptocurrencies like Bitcoin, Ether, USDT, and USDC, reducing remittance costs and speeding up the payment process. It also allows creators to load a prepaid VISA card with crypto funds, usable at over 130 million Visa merchant locations worldwide. Launched in September 2023, the platform's pilot saw settlement volumes grow from $1 million to $7 million per month.

Positive

• ALT5 Sigma's new platform addresses a $27.3 billion market, expected to grow at 13.3% annually.
• The platform enables instant, low-cost crypto payments to content creators, offering efficiency.
• Content creators can use a prepaid VISA card with their crypto funds, enhancing usability.
• Pilot project results show promising growth, with settlement volumes increasing to $7 million per month.

Negative

• The platform's success relies heavily on the adoption of cryptocurrency payments by content creators.
• Potential regulatory issues around cryptocurrency transactions could pose risks.
• The targeting of content creators earning less than $100,000 annually may limit the initial revenue potential.

Insights

Market Research Analyst

The announcement of the ALT5 Settlement Platform by ALT5 Sigma, a subsidiary of JanOne, is significant for the expanding Global Digital Content Creation Market, valued at $27.3 billion in 2023. The platform offers an innovative solution to a pervasive issue: the cumbersome and costly nature of making small payments to a massive number of content creators. Traditional banking systems are often inefficient for this purpose, causing delays and high transaction costs.

By enabling instant payments in various cryptocurrencies, the ALT5 Settlement Platform not only streamlines the payment process but also appeals to a tech-savvy, global user base. Importantly, it allows for the loading of prepaid VISA cards with cryptocurrencies, further enhancing usability and convenience for content creators.

The potential market reach is vast, with over 200 million content creators globally. The projected growth rate of 13.3% from 2023 to 2030 underpins the platform's relevance and potential for adoption. However, the platform's success will hinge on its ability to scale and maintain low transaction costs as user volume increases.

Financial Analyst

From a financial perspective, the launch of the ALT5 Settlement Platform could significantly impact JanOne's revenue streams. The pilot project's growth from $1 million to $7 million in monthly settlement volume demonstrates a promising market response. If this growth trajectory continues, it could noticeably enhance JanOne's top-line growth.

However, key financial metrics to monitor would be the cost of deployment and scalability of the platform. Transitioning from a pilot project to a full-scale launch involves substantial investments in technology infrastructure and customer acquisition. Additionally, competition in the fintech space, particularly regarding transaction fees and security features, could impact margins.

Investors should watch for quarterly updates on the platform's performance metrics and any strategic partnerships that could amplify its market penetration. Moreover, assessing the platform's ability to maintain low transaction costs and high security standards will be critical for sustained financial performance.

LAS VEGAS, June 11, 2024 /PRNewswire/ -- JanOne Inc. (Nasdaq: JAN), a multidisciplinary organization with a focus on healthcare and fintech, announced today that its wholly-owned subsidiary, ALT5 Sigma, has launched a new service named "ALT5 Settlement Platform" aimed at the untapped Global Digital Content Creation Market.

According to JanOne, ALT5 Settlement Platform enables Digital Platforms with the ability instantaneously to pay all content creators in a cryptocurrency of their choice through ALT5 Settlement Platform APIs, including, but not limited to, Bitcoin, Ether, USDT, and USDC. ALT5 Settlement Platform makes it possible to pay thousands and or millions of content creators in a highly efficient way, while speeding up the process and dramatically reducing the cost associated with the remittance and payment settlement. ALT5 Settlement Platform also enables the content creators themselves to load a prepaid VISA card 24/7/365 automatically with the use of cryptocurrencies from anywhere in the world and then enables them to shop at Visa's 130 million merchant locations in over 200 countries or to withdraw funds at any of the 14,500 financial institutions globally.

"The Global Digital Content Creation Market was estimated at $27.3 Billion in 2023 and is expected to grow at a rate of 13.3% from 2023 to 2030. Even if there are many other target markets with the same needs, this market segment is very progressive and understands the benefit of the instantaneous global payment settlement that content creators require," said Alt5's president, Andre Beauchesne. "There are over 200 million content creators in the world for platforms, such as TikTok, YouTube, and Twitch, and the majority earns less than $100,000 per year. Making smaller payments to millions of these creators using traditional banking is time consuming and costly for both the platforms and the content creators. Our product solves this problem elegantly," added Mr. Beauchesne.

ALT5 Settlement Platform was launched on a pilot project in September 2023 with initial volume of $1 million for the month and settlement volume has grown for this limited number of customers to over $7 million per month.

About ALT5 Sigma Inc.

Launched in 2018, ALT5 is a fintech company that provides next generation blockchain-powered technologies to enable a migration to a new global financial paradigm. ALT5, through its subsidiaries, offers two main platforms to its customers: "ALT5 Pay" and "ALT5 Prime". The Company has processed over $1.2 billion in cryptocurrency transactions in 2023.

ALT5 Pay is a crypto-currency payment gateway that enables registered and approved global merchants to accept and make crypto-currency payments or to integrate the ALT5 Pay payment platform into their application or operations using the plugin with WooCommerce and or ALT5 Pay's checkout widgets and APIs. Merchants have the option to convert to fiat currency (US Dollars, Canadian Dollars, Euros, and British Pounds Sterling) automatically or to receive their payment in digital assets.

ALT5 Prime is an electronic over-the-counter trading platform that enables registered and approved customers to buy and sell digital assets. Customers can purchase digital assets with fiat and, equally, can sell digital assets and receive fiat. ALT5 Prime is available through a browser-based access mobile phone application named "ALT5 Pro" that can be downloaded from the Apple App Store, from Google Play, through ALT5 Prime's FIX API, as well as through Broadridge Financial Solutions' NYFIX gateway for approved customers.

About JanOne

JanOne is a unique Nasdaq-listed multidisciplinary organization with a focus on healthcare and fintech. JanOne is one of the constituents of the Russell Microcap Index. Through its biotech activities, JanOne is developing innovative, actionable solutions intended to help end the opioid crisis. JanOne is dedicated to funding resources toward innovation, technology, and education to find a key resolution to the national opioid epidemic, which is one of the deadliest and most widespread in the nation's history. Its drugs in the clinical trial pipeline have shown promise for their innovative targeting of the causes of pain as a strategic option for physicians averse to exposing patients to addictive opioids.

JanOne's ALT5 subsidiary is a global fintech that provides next generation blockchain powered technologies for the trading, clearing, settlement, payment, and custodianship of digital instruments.

Please visit www.janone.com for additional information.

Forward Looking Statements

This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the statements that JAN 101 will treat PAD, that JAN 123 will treat CRPS, the timing of the commencement of clinical trials, that the FDA will permit approval through a 505(b)(2) pathway for JAN 123, that upon approval JAN 101 will immediately disrupt the PAD market, and other statements, including words such as "continue", "expect", "intend", "will", "hope" "should", "would", "may", "potential", and other similar expressions. This press release also contains statements and links relating to the profitability and prospective growth of ALT5's platforms and business, including, but not limited to international currency risks, third-party or customer credit risks, liability claims stemming from Alt5's services, and technology challenges for future growth or expansion. Such statements reflect JanOne's current view with respect to future events, are subject to risks and uncertainties, and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by JanOne, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.

Many factors could cause JanOne's actual results, performance or achievements to be materially different from any future results, performance or achievements described in this press release. Such factors could include, among others, those detailed in the Company's periodic reports filed with the Securities and Exchange Commission (the "SEC"). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled "Risk Factors" in JanOne's filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and JanOne does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. JanOne cannot assure that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

Media Contact Investor Relations
IR@janone.com
1-800-400-2247

Global Digital Content Creation Market Report 2023-2030: Market Surges as Businesses Prioritize Engaging Content, Adobe, Microsoft, and Google Leading Innovations (yahoo.com)

30+ Incredible Creator Economy Statistics (2024) (explodingtopics.com)

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/alt5-sigma-a-wholly-owned-subsidiary-of-janone-launches-alt5-settlement-platform-aimed-at-the-untapped-27-3-billion-global-digital-content-creation-market-302169096.html

SOURCE JanOne Inc.

FAQ

What is the ALT5 Settlement Platform?

The ALT5 Settlement Platform is a service launched by ALT5 Sigma, a subsidiary of JanOne, facilitating instant cryptocurrency payments for digital content creators.

What market is the ALT5 Settlement Platform targeting?

The platform targets the $27.3 billion Global Digital Content Creation Market.

What cryptocurrencies can content creators receive through the ALT5 Settlement Platform?

Content creators can receive payments in Bitcoin, Ether, USDT, and USDC.

How does the ALT5 Settlement Platform benefit content creators?

The platform offers instant payments, reduced remittance costs, and the option to load a prepaid VISA card with crypto funds.

When was the ALT5 Settlement Platform pilot launched?

The pilot was launched in September 2023.

What was the growth in settlement volume during the ALT5 Settlement Platform pilot?

Settlement volumes grew from $1 million to $7 million per month during the pilot.

How many content creators are targeted by the ALT5 Settlement Platform?

The platform targets over 200 million content creators globally.