The announcement of Facebook’s Libra project has shined a spotlight on the transition of an entire industry from old-fashioned, traditional payment methods to blockchain-based transactions, which are much more efficient, secure, and transparent. Libra is only the beginning, as more deals and joint ventures are taking place than ever before.

At the epicenter of two significant deals is ICOx Innovations Inc. (TSX.V: ICOX, OTCQB: ICOX), a company that specializes in developing tokens and blockchains for established companies and organizations. ICOx is growing fast because few others provide this exact service along with the tools and guidance needed to navigate the industry’s complex web of legal and regulatory requirements.

This company already has a number of high-profile clients, including KODAKOne and Cathio, a company that uses innovative technology to service the financial and transactional needs of the global Catholic Church. Cathio, which was founded specifically to reform the transfer of money and resources in the Catholic economy, represents a huge population of potential blockchain users around the world.

Cathio is just getting bigger and bigger and they just announced an agreement with Kambista, the first FinTech currency exchange platform in Peru, in which the two companies will work towards a far-reaching integration project that will leverage Cathio’s robust payment processing technologies.

Courtesy: Kambista

Kambista is already huge in Peru, where over 80% of the Peruvian population is Catholic. The company is projected to exchange $200 million in Peru this year and will soon be expanding operations into other Latin American countries.

ICOx client Cathio will build and test a remittance platform with Kambista whereby individuals and organizations will be able to transfer funds from the United States to foreign countries. The timeline for completion of beta testing the platform is Q1 2020, and this project will transform the Latin American payment space by enabling individuals, businesses, non-profits, and church entities to move money across borders quickly and cost-effectively.

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ICOx is also causing media buzz with their announcement that RYDE Holding Inc., ICOx’s client and the creator and operator of the KODAKOne Image Rights Management Platform, signed a partnership with Image Protect Inc. – an arrangement that will add literally thousands of new copyright infringement cases and numerous new digital rights holder clients to the KODAKOne platform.

Starting within the next two months, the integration of Image Protect’s License Recovery Unit with RYDE Holding’s KODAKOne platform will generate a significant amount in infringement claims. As ICOx Innovations President Bruce Elliott explains, this is the first of many great partnerships and will result in new clients and revenues in addition to extending ICOx’s global services.

The RYDE and Image Protect partnership will be implemented over the coming quarter, with infringement identification, fee collections, and revenues targeted to commence in August 2019. For ICOx, this venture represents a prime opportunity to extend the company’s services by recovering licenses from new markets, including Europe and Southeast Asia.

From image rights protections in America, Europe, and Asia and cross-border payment system infrastructure to the global faith-based community, ICOx is facilitating big changes and economic reform as the entire world gets on the blockchain one company at a time.

Best Regards,

James Davis


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Disclaimer ICOx Innovations Inc. (the “Company”) for Forward-Looking Statements

This article contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that the author believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this article include statements regarding: the likelihood of companies moving from traditional payment systems to blockchain-based transactions following the release of Facebook’s Libra project; the potential number of blockchain users represented by members of the Catholic Church; the growth of Cathio; the results of a joint project between Cathio and Kambista; projected transaction values of Kambista; Kambista’s expansion into other Latin American countries; the timelines for the completion of the beta testing platform for the joint project by Kambista and Cathio; the the number of new infringement claims resulting from the partnership between the Company and RYDE Holding Inc.; whether the Company’s partnership with RYDE Holdings Inc. will general new clients and revenues, or help to extend the Company’s global services; and the timeline for implementing the partnership between the Company and RYDE Holding Inc.. The forward-looking statements reflect the author’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements. Although the author believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include: changes in growth and size of cryptocurrency and blockchain technology market; attitude of corporations toward cryptocurrency and blockchain; business and consumer acceptance and adoption of cryptocurrency as a viable means of payment; the extent to which blockchain technology will be internationally implemented; the continued growth and success of KODAKOne, Kambista and Cathio; the acceptance of blockchain technology as evidence in copyright infringement claims; potential changes for retail transactions involving cryptocurrency; the continued preference of millennials to use app-based payment methods; changes in market conditions and other factors beyond the control of the Company.

Legal Notice:
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility.  We have been compensated by Marifil Mines two hundred thousand dollars for a one year agreement. We currently own shares purchased through their most recent private placement. We will never sell any shares during any active email marketing campaigns. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.

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