Sparta Commercial Services Announces that Its Agoge Global USA Subsidiary Processes First Transactions on Its Innovative Blockchain-Based Import/Export Platform
Sparta Commercial Services (OTC PINK:SRCO) announces the launch of EZBroker 360, an innovative blockchain-based import/export platform developed by its subsidiary Agoge Global USA in partnership with Brazilian software developer WeDev Group. The platform aims to simplify international trade with Brazil by:
1. Reducing payment transaction times from days to hours
2. Decreasing costs through stablecoin and blockchain technology
3. Offering staged financing for freightage, taxation, and compliance
4. Implementing industry-standard AML/KYC procedures
This solution addresses major challenges in the Brazilian market, potentially unlocking rapid growth in its $590 billion import/export sector. The platform is now live and processing transactions for both U.S. and Brazilian businesses, marking a significant milestone after substantial investment in development and testing.
Sparta Commercial Services (OTC PINK:SRCO) annuncia il lancio di EZBroker 360, una piattaforma innovativa per import/export basata su blockchain sviluppata dalla sua filiale Agoge Global USA in collaborazione con lo sviluppatore software brasiliano WeDev Group. La piattaforma ha l'obiettivo di semplificare il commercio internazionale con il Brasile attraverso:
1. Riduzione dei tempi di transazione dei pagamenti da giorni a ore
2. Diminuzione dei costi grazie alla stablecoin e alla tecnologia blockchain
3. Offerta di finanziamenti scaglionati per le spese di spedizione, tassazione e conformità
4. Implementazione di procedure AML/KYC standard del settore
Questa soluzione affronta le principali sfide del mercato brasiliano, potenzialmente aprendo la strada a una rapida crescita nel suo settore import/export da 590 miliardi di dollari. La piattaforma è ora attiva e sta elaborando transazioni per le aziende statunitensi e brasiliane, segnando un importante traguardo dopo un notevole investimento nello sviluppo e nei test.
Sparta Commercial Services (OTC PINK:SRCO) anuncia el lanzamiento de EZBroker 360, una plataforma innovadora de importación/exportación basada en blockchain desarrollada por su filial Agoge Global USA en colaboración con el desarrollador de software brasileño WeDev Group. La plataforma tiene como objetivo simplificar el comercio internacional con Brasil mediante:
1. Reducción de los tiempos de transacción de pagos de días a horas
2. Disminución de costos a través de stablecoin y tecnología blockchain
3. Ofrecimiento de financiación escalonada para flete, impuestos y cumplimiento
4. Implementación de procedimientos de AML/KYC estándar de la industria
Esta solución aborda los principales desafíos en el mercado brasileño, desbloqueando potencialmente un rápido crecimiento en su sector de importación/exportación de 590 mil millones de dólares. La plataforma ya está activa y procesando transacciones para empresas estadounidenses y brasileñas, marcando un hito significativo después de una inversión sustancial en desarrollo y pruebas.
Sparta Commercial Services (OTC PINK:SRCO)는 브라질 소프트웨어 개발업체 WeDev Group과 협력하여 자회사 Agoge Global USA가 개발한 블록체인 기반의 수출입 플랫폼 EZBroker 360의 출시를 발표했습니다. 이 플랫폼은 브라질과의 국제 무역을 간소화하는 것을 목표로 합니다:
1. 결제 거래 시간을 며칠에서 몇 시간으로 단축
2. 스테이블코인 및 블록체인 기술을 통한 비용 절감
3. 화물, 세금 및 규정 준수를 위한 단계적 금융 제공
4. 업계 표준 AML/KYC 절차의 시행
이 솔루션은 브라질 시장의 주요 도전 과제를 다루며 5,900억 달러 규모의 수출입 부문에서 빠른 성장을 가능하게 할 수 있습니다. 이 플랫폼은 현재 운영 중이며 미국 및 브라질 기업을 위한 거래를 처리하고 있으며, 개발 및 테스트에 대한 상당한 투자 이후 중요한 이정표를 기록하고 있습니다.
Sparta Commercial Services (OTC PINK:SRCO) annonce le lancement de EZBroker 360, une plateforme innovante d'import/export basée sur la blockchain développée par sa filiale Agoge Global USA en partenariat avec le développeur de logiciels brésilien WeDev Group. La plateforme vise à simplifier le commerce international avec le Brésil en :
1. Réduisant les délais de transaction de paiement de jours à heures
2. Diminuant les coûts grâce aux stablecoins et à la technologie blockchain
3. Offrant un financement échelonné pour le fret, la fiscalité et la conformité
4. Mettons en œuvre des procédures de lutte contre le blanchiment d'argent et de connaissance du client conformes aux normes de l'industrie
Cette solution répond aux principaux défis du marché brésilien, débloquant potentiellement une croissance rapide dans son secteur d'import/export de 590 milliards de dollars. La plateforme est maintenant opérationnelle et traite des transactions pour les entreprises américaines et brésiliennes, marquant une étape significative après un investissement substantiel dans le développement et les tests.
Sparta Commercial Services (OTC PINK:SRCO) kündigt die Einführung von EZBroker 360 an, einer innovativen import/export Plattform auf Blockchain-Basis, die von ihrer Tochtergesellschaft Agoge Global USA in Zusammenarbeit mit dem brasilianischen Softwareentwickler WeDev Group entwickelt wurde. Die Plattform hat das Ziel, den internationalen Handel mit Brasilien zu vereinfachen durch:
1. Reduzierung der Zahlungstransaktionszeiten von Tagen auf Stunden
2. Senkung der Kosten durch Stablecoins und Blockchain-Technologie
3. Angebot einer gestaffelten Finanzierung für Frachtraten, Steuern und Compliance
4. Implementierung von branchenüblichen AML/KYC-Verfahren
Diese Lösung befasst sich mit wichtigen Herausforderungen auf dem brasilianischen Markt und könnte ein schnelles Wachstum im Import-/Exportsektor von 590 Milliarden Dollar freisetzen. Die Plattform ist nun live und verarbeitet Transaktionen für US-amerikanische und brasilianische Unternehmen, was einen bedeutenden Meilenstein nach erheblichen Investitionen in Entwicklung und Tests darstellt.
- Launch of EZBroker 360 platform, potentially expanding Sparta's market reach in Brazil
- Reduction of payment transaction times from days to hours, improving efficiency
- Decrease in transaction costs through blockchain technology
- Offering of staged financing for various trade-related expenses
- Platform now live and processing transactions for U.S. and Brazilian businesses
- Significant investment of time and resources in platform development
- Potential regulatory challenges in cross-border transactions and compliance
Partnership with Brazilian Software Developer WeDev reduces payment transaction times from days to hours for Global importers to Brazil and for Brazilian exporters
Solves Significant Bottleneck currently limiting International Trade by offering staged financing for freightage, taxation, and compliance
NEW YORK, NY / ACCESSWIRE / August 1, 2024 / NEW YORK, NY / ACCESSWIRE / August 1, 2024 / Sparta Commercial Services, Inc. (OTC PINK:SRCO) ("Sparta" or "The Company") announces that its subsidiary Agoge Global USA, Inc. ("Agoge USA"), in partnership with WeDev Group Ltda. ("WeDev" or "WeDev Group") has launched its new integrated Blockchain-based platform, EZBroker 360, that significantly improves and simplifies the ability of businesses to conduct international trade in the Brazilian market.
The new platform is the product of a joint venture with WeDev, a Brazilian innovator in software and blockchain development. The platform utilizes stablecoins and blockchain technology to decrease costs and improve the speed of these international transactions. After a significant investment of time and resources, Agoge is pleased that the platform is now live and is processing transactions for both U.S and Brazilian based businesses.
"Brazil offers tremendous potential as an import/export market, but slow payment settlements and currency risk have made it a challenging market," said Anthony Havens, CEO at Sparta. "By combining our existing platforms, expertise and networks, Agoge USA and WeDev have created an import/export platform, with industry standard AML/KYC compliance procedures in place, that solves the problems of slow payment transaction times and the high costs that are limiting trade in Brazil. In addition to these two large impediments, our technology also mitigates many other risk factors facing importers and exporters making it much simpler and more efficient to do business with Brazil."
Despite being the largest economy in Latin America and the ninth largest in the world, the country is only the 26th largest importer and exporter. It is believed that under more ideal circumstances, the Brazilian import/export market could experience rapid growth and greatly exceed its estimated current
"We're thrilled to announce that our new import-export product has overcome significant hurdles, not in the realm of technology, but in the complex areas of tax, compliance across multiple jurisdictions and stringent regulations from central banks and tax authorities," said Eduardo Ribeiro, WeDev Group CEO. "After extensive pilots and rigorous testing of various blockchain infrastructures, we have developed a robust model that promises the scalability required to serve importers and exporters effectively. This innovation will reduce friction and provide greater predictability in cash flow, enhancing negotiations with suppliers and customers."
Corporate customers have already begun using the platform, which offers a full suite of products for importers and exporters, including staged financing for freightage, taxation, and compliance.
About Sparta Commercial Services, Inc.
Sparta Commercial Services, Inc. (www.spartacommercial.com) was founded in 2004 and is the parent company of three subsidiaries in addition to Agoge Global USA, Inc.: iMobile Solutions, Inc., New World Health Brands, Inc., and Sparta Crypto, Inc., offering a variety of products and services.
Agoge Global USA, Inc. is a newly formed subsidiary of Sparta Commercial Services, Inc. for the Brazilian partnership in facilitating the cross-border payments for the Brazilian import/export business.
About WeDev Group Ltda.
WeDev Group Ltda. is a Brazilian innovator focused on the disruption of traditional standards by fostering innovation and growth through new business models capable of transforming the way the world works.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are valid only as of today, and we disclaim any obligation to update this information. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to potential future losses, competition, financing and commercial agreements and strategic alliances, seasonality, possible fluctuations in operating results and rate of growth, management of potential growth, system interruption, consumer and industry trends, limited operating history, and government regulation. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. Further information regarding these and other risks is described from time to time in the Company's filings with the SEC, which are available on its website at: http://www.sec.gov.
Company Contact:
Sandra L. Ahman
Corporate Secretary
Sparta Commercial Services, Inc.
sandy@spartacommercial.com
SOURCE: Sparta Commercial Services, Inc.
View the original press release on accesswire.com
FAQ
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