ICOx Innovations Chairman and Co-Founder Cam Chell Featured on Yahoo Finance
June 18 2019 - 9:15AM
ICOx Innovations Inc. (“ICOx”)(TSXV and OTCQB: ICOX), which
designs, builds and manages digital currencies so organizations can
grow their businesses by attracting, engaging and retaining
customers through the creation of their own digital currency,
announced that Chairman and Co-Founder Cameron Chell was featured
on Yahoo Finance to weigh in on the recent announcement that
Facebook would be launching its own digital currency.
The segment on Yahoo Finance focused on
Project Libra, Facebook’s Global Coin payment platform which was
formally announced by the company. Investment analysts from RBC
Global Markets this week referred to it as a “historic initiative”.
Barclays analysts have suggested this could be a $19B boost
for Facebook’s annual revenues by 2021.
“At ICOx, we build digital currencies for
Fortune 5,000 companies that aren't going to go and build digital
currencies for themselves. Cryptocurrency is a highly regulated
market and it’s a complicated process to integrate a
cryptocurrency project with the federally-regulated banking system,
acquire all of the requisite money transmitter licenses, and then
build it on a blockchain infrastructure. However the resulting
data, cost savings and service you can provide your customers
is monumental. Now you take that and you multiply that across
a couple billion users that Facebook has, this is more than
just a trend. This is a seminal moment in the blockchain
space.” said Cameron Chell.
ICOx Innovations is an experienced partner
developing branded digital currency ecosystems for brands like
KODAKOne, the Catholic economy and large online marketplaces
under-served by the payment giants.
“As a public company ourselves, we know this is
critical for brand adoption. But the best part is we are launching
these digital currencies to deliver brands lower transaction costs,
deeper ownership of their customer transactional data and new data
and tools to introduce powerful new loyalty and rewards programs.”
said Bruce Elliott, President ICOx Innovations.
To watch Cam Chell’s full segment on Yahoo Finance follow this
link.
About ICOx Innovations
ICOx Innovations (TSXV and OTCQB: ICOX) creates
and manages digital currencies for innovative brands to grow their
businesses - attracting, engaging and retaining their customers
through the creation and use of their own digital currency. ICOx
enables brands to provide additional payment options at lower costs
while owning more of the transactional data chain and driving new
models for customer loyalty. ICOx leverages its expertise in
blockchain technology and regulatory compliance to deliver branded
digital currencies for its clients.
For more information on ICOx Innovations, please visit us at:
www.icoxinnovations.com. For additional investor
info visit www.icoxinnovations.com
or www.sedar.com
and www.sec.gov searching symbol ICOX
Company Contact Bruce Elliott, President Phone:
424-570-9446
Bruce.elliott@icoxinnovations.com
Media Contact ICOx Innovations Arian L. Hopkins Communications,
ICOx Innovations
arian@icoxinnovations.com
Phone: 424-570-9446 ext. 2
Investor Inquiries Phone: 424-570-9446 ext. 8
ir@icoxinnovations.com
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