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Mobilum Technologies Inc. (CSE: MBLM) announced a normal course issuer bid (NCIB) to acquire up to 7,819,671 common shares, representing approximately 5% of its issued shares. The NCIB will run from February 7, 2022, to February 7, 2023. This initiative aims to reflect the company's underlying value better. Haywood Securities Inc. will manage the NCIB, with all acquired shares to be canceled. Mobilum is focused on bridging traditional finance with digital payment solutions globally.
Mobilum Technologies Inc. (CSE: MBLM, OTC: MBLMF) has signed an agreement with KEYS Token Inc. to provide fiat-to-crypto on-ramp services, allowing users to purchase KEYS Token using Visa and Mastercard. This partnership aims to enhance the KEYS ecosystem, which focuses on bridging the digital and physical real estate markets. KEYS Token launched successfully on November 18, 2021, achieving a market cap of approximately $300 million within days. Mobilum's contribution is expected to facilitate transactions and support growth within the burgeoning metaverse sector.
Mobilum Technologies Inc. announced its participation in the Lytham Partners Winter 2021 Investor Conference, scheduled for December 13-16, 2021. The company will engage in a webcasted Fireside Chat on December 13 at 11:00 am ET, outlining its vision for 2022. Shareholders and potential investors are invited to register for 1x1 meetings with management through Lytham Partners. Mobilum aims to enhance digital payments and asset management, operating internationally with offices in Canada, Hong Kong, Poland, and Estonia.
Mobilum Technologies Inc. has announced the integration of its fiat-to-crypto on-ramp widget on the BTSE exchange and JoomAce platforms. This integration allows users to securely purchase digital assets using credit cards or over 20 cryptocurrencies and fiat currencies. The company reported onboarding over 74,321 new users following a prior contract, aiming to onboard up to 600,000 customers. CEO Wojciech Kaszycki emphasized the goal of bridging traditional finance with the digital economy, while BTSE's COO highlighted enhanced convenience for users with credit card top-ups.
Mobilum Technologies Inc. has secured a partnership with Wyre, a leading fiat-to-crypto payment infrastructure firm. This agreement enables Mobilum to access Wyre's ACH payment rails, providing it the capability to process transactions for US clients. The company anticipates completing integration by Q1 2022. Additionally, Mobilum has upgraded its on-ramp payment platform, integrating over 200 acquirers for improved fraud detection and higher transaction approval rates. This partnership positions Mobilum to enter one of the largest crypto markets globally, enhancing its service capabilities.
Mobilum Technologies Inc. has launched its updated Over-the-Counter (OTC) trading desk, generating approximately CAD $20 million in transaction volume. The desk caters to high net-worth individuals and institutions executing large-volume cryptocurrency orders exceeding $50,000, providing access to a deep liquidity pool and competitive rates. Key features include a variety of crypto assets, fast settlements, and no deposit/withdrawal fees, enhancing the trading experience. Mobilum's international reach positions it effectively for servicing the global Bitcoin market.
Mobilum Technologies Inc. (CSE: MBLM, OTC: MBLMF) announced plans to onboard up to 600,000 new customers through its subsidiary, Mobilum OÜ, due to a new contract for its on-ramp services. This onboarding is projected to generate up to CAD 1.9 million in revenue once completed. CEO Wojciech Kaszycki expressed confidence in the company’s payment processing platform and its ability to meet market demand. Additionally, Mobilum has hired Generation IACP Inc. to enhance market liquidity for its shares, with a monthly fee of CAD 7,500.
Mobilum Technologies Inc. has launched a crypto-to-fiat off-ramp product, enhancing its digital payment services. This product allows users to convert digital assets to fiat via gift cards and debit/credit cards in over 80 countries, providing a fee-free option with over 2,000 retail brands. The CEO, Wojciech Kaszycki, highlighted that this service opens significant revenue streams. Additionally, Mobilum's subsidiary, XPort Digital Limited, has signed a Memorandum of Understanding with PhyloPay to integrate crypto payment solutions into their system.
Mobilum Technologies Inc. has successfully integrated its hosted fiat-to-crypto on-ramp and beta off-ramp solution with the Polygon ecosystem. This collaboration enables users to purchase cryptocurrencies directly with credit cards, eliminating the need for an account on exchanges. The dual-protocol service supports MATIC and ETH, with plans for a microtransaction off-ramp for gift cards in over 80 countries. This initiative aims to enhance accessibility for underbanked populations and bolster Mobilum's mission of bridging traditional finance with the digital economy.
Mobilum Technologies Inc. (CSE: MBLM, OTC: MBLMF) announced the beta launch of its proprietary automated high-frequency trading multi-market engine aimed at smart cryptocurrency trading. The engine utilizes quantitative data for rapid trading of cryptocurrencies across multiple exchanges. Piotr Majka has been appointed as Chief Trading Officer to oversee and optimize trading operations. Mobilum aims to leverage this technology to capitalize on the inherent volatility and arbitrage opportunities within the cryptocurrency market, marking a strategic move as a public entity in this sector.
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