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Mobilum Technologies Inc. announced a partnership with ALT 5 Sigma to deliver fiat-to-crypto on-ramp services on Alt5Coins.com. This agreement enables users to purchase Bitcoin, Litecoin, and Ethereum using credit cards, with Mobilum’s services fully compliant with FINTRAC regulations. The demand for credit card processing in the cryptocurrency space is rising, and Mobilum aims to address this gap. Both companies expect this collaboration to enhance the user experience and security for their clients in the growing digital asset market.
Mobilum Technologies Inc. (OTC: TECXF) announced a Memorandum of Understanding with Matic Network BVI Limited to develop a fiat-to-crypto on-ramp and off-ramp solution for Polygon users. The on-ramp will allow users to purchase MATIC tokens and USDC stablecoins via credit card without needing an exchange account. Mobilum's off-ramp will enable users to convert crypto to gift cards in over 80 countries. The solutions aim to enhance access for the unbanked population. Launch is estimated by Q3 2021. Mobilum aims to bridge traditional finance with digital economies.
Mobilum Technologies Inc. (OTC: TECXF) announced the results of its 2021 Annual General and Special Meeting held on July 21, 2021. Shareholders approved key resolutions including the election of a five-member Board of Directors. The board consists of Peter Green, Aleem Nathwani, Michael Devine, Michael Vogel, and Wojceich Kaszycki, who continues as CEO. The company aims to enhance its presence in the digital payments sector while working towards regulatory compliance in Canada and Europe. Mobilum's initiatives are focused on developing its digital wallet and on-ramping business.
TechX Technologies Inc. (CSE: TECX, OTC: TECXF) announced the effective date of its name and symbol change to Mobilum Technologies Inc. (new symbol: MBLM). This transition will take effect on July 21, 2021, allowing for enhanced branding and technological integration following the acquisition of Mobilum OU. The company's shift aims to better reflect its business activities in digital payment infrastructure and asset management. The new trading details, including the CUSIP number 60743X103, have also been outlined.
On July 15, 2021, TechX Technologies Inc. (CSE: TECX, OTC: TECXF) completed the acquisition of Mobilum OÜ for C$16 million, issuing 26,666,667 shares at $0.60 each. This strategic move aims to enhance TechX's fintech capabilities, providing seamless fiat-to-crypto gateways and payment processing solutions. The acquisition is expected to boost daily processing volumes beyond the current $150,000 and expand their service offerings. Following the acquisition, TechX will change its name to Mobilum Technologies Inc. and its ticker symbol to MBLM, pending CSE approval.
TechX Technologies Inc. (CSE: TECX, OTC: TECXF) has completed the acquisition of XPort Digital Limited, a fiat-to-crypto gateway solution. The agreement resulted in TechX issuing 5,252,100 shares to XPort shareholders, valued at C$5,000,000 or $0.952 per share. XPort's services include competitive credit card processing for crypto, a user-friendly purchasing platform via Buybitfast.com launching in Q3 2021, and advanced security features. This acquisition positions TechX to enhance its offerings in the rapidly evolving cryptocurrency market.
TechX Technologies Inc. (CSE: TECX, OTC: TECXF) has appointed Dr. John Henderson as Chief Operating Officer and Chris LaFrance as Product Manager. Dr. Henderson brings expertise in investment banking and data science, while LaFrance offers extensive experience in software development within various industries, including FinTech and Crypto. The company aims to leverage their leadership to enhance emerging technologies like blockchain and AI. Additionally, TechX has signed a $120,000 digital advertising agreement to boost brand awareness. 625,000 incentive stock options were granted to key personnel.
TechX Technologies Inc. (CSE: TECX, OTC: TECXF) announces early success from its investment in CatalX CTS Ltd., with the listing of their Canadian stablecoin, CADX, on Bittrex Global Exchange, a top cryptocurrency platform. CADX, launched in 2020 and fully backed by Canadian dollars, enhances payment solutions including cross-border transactions and peer-to-peer lending. With a focus on security and compliance, monthly reserve attestations will ensure project credibility. This listing provides CADX international exposure, offering a secure alternative in stablecoins.
TechX Technologies Inc. is set to participate in the Lytham Partners Summer 2021 Investor Conference from June 14-16, 2021, highlighting its focus on emerging technologies. CEO Wojtek Kaszycki will present at a panel on June 15 at 2:00 PM ET, discussing the current state of cryptocurrencies. A webcast of the presentation will be available on TechX's website, and virtual one-on-one meetings can be arranged with management during the event. This participation underscores TechX's strategic positioning in the cryptocurrency, blockchain, and AI sectors.
TechX Technologies Inc. (CSE: TECX, OTC: TECXF) announced significant growth for its portfolio company, Catalyx Exchange, in May 2021. Key metrics include a 73% increase in trading volume, reaching C$38.04 million, and a 97% rise in revenue, amounting to C$343,367.15. Transactions surged by 34% and daily active users grew by 51%. Catalyx also signed a payment processing agreement with Mobilum, enhancing user access to cryptocurrencies at competitive rates, further solidifying its position in Canada's cryptocurrency market.
