LAS
VEGAS, June 11, 2024 /PRNewswire/ -- JanOne Inc.
(Nasdaq: JAN), a multidisciplinary organization with a focus on
healthcare and fintech, announced today that its wholly-owned
subsidiary, ALT5 Sigma, has launched a new service named "ALT5
Settlement Platform" aimed at the untapped Global Digital Content
Creation Market.
According to JanOne, ALT5 Settlement Platform enables Digital
Platforms with the ability instantaneously to pay all content
creators in a cryptocurrency of their choice through
ALT5 Settlement Platform APIs, including, but not limited to,
Bitcoin, Ether, USDT, and USDC. ALT5 Settlement
Platform makes it possible to pay thousands and or millions of
content creators in a highly efficient way, while speeding up the
process and dramatically reducing the cost associated with the
remittance and payment settlement. ALT5 Settlement Platform also
enables the content creators themselves to load a prepaid VISA card
24/7/365 automatically with the use of
cryptocurrencies from anywhere in the world and then
enables them to shop at Visa's 130 million merchant locations in
over 200 countries or to withdraw funds at any of the 14,500
financial institutions globally.
"The Global Digital Content Creation Market was estimated at
$27.3 Billion in 2023 and is expected
to grow at a rate of 13.3% from 2023 to 2030. Even if there are
many other target markets with the same needs, this market segment
is very progressive and understands the benefit of the
instantaneous global payment settlement that content creators
require," said Alt5's president, Andre
Beauchesne. "There are over 200 million content creators in
the world for platforms, such as TikTok, YouTube, and Twitch, and
the majority earns less than $100,000
per year. Making smaller payments to millions of these creators
using traditional banking is time consuming and costly for both the
platforms and the content creators. Our product solves this problem
elegantly," added Mr. Beauchesne.
ALT5 Settlement Platform was launched on a pilot project in
September 2023 with initial volume of
$1 million for the month and
settlement volume has grown for this limited number of customers to
over $7 million per month.
About ALT5 Sigma Inc.
Launched in 2018, ALT5 is a fintech company that provides next
generation blockchain-powered technologies to enable a migration to
a new global financial paradigm. ALT5, through its subsidiaries,
offers two main platforms to its customers: "ALT5 Pay" and "ALT5
Prime". The Company has processed over $1.2
billion in cryptocurrency transactions in
2023.
ALT5 Pay is a crypto-currency payment gateway that
enables registered and approved global merchants to accept and make
crypto-currency payments or to integrate the ALT5 Pay
payment platform into their application or operations using the
plugin with WooCommerce and or ALT5 Pay's checkout widgets and
APIs. Merchants have the option to convert to fiat currency (US
Dollars, Canadian Dollars, Euros, and British Pounds Sterling)
automatically or to receive their payment in digital assets.
ALT5 Prime is an electronic over-the-counter trading platform
that enables registered and approved customers to buy and sell
digital assets. Customers can purchase digital assets with fiat
and, equally, can sell digital assets and receive fiat. ALT5 Prime
is available through a browser-based access mobile phone
application named "ALT5 Pro" that can be downloaded from the Apple
App Store, from Google Play, through ALT5 Prime's FIX API, as well
as through Broadridge Financial Solutions' NYFIX gateway for
approved customers.
About JanOne
JanOne is a unique Nasdaq-listed multidisciplinary organization
with a focus on healthcare and fintech. JanOne is one of the
constituents of the Russell Microcap Index. Through its biotech
activities, JanOne is developing innovative, actionable solutions
intended to help end the opioid crisis. JanOne is dedicated to
funding resources toward innovation, technology, and education to
find a key resolution to the national opioid epidemic, which is one
of the deadliest and most widespread in the nation's history. Its
drugs in the clinical trial pipeline have shown promise for their
innovative targeting of the causes of pain as a strategic option
for physicians averse to exposing patients to addictive
opioids.
JanOne's ALT5 subsidiary is a global fintech that provides next
generation blockchain powered technologies for the trading,
clearing, settlement, payment, and custodianship of digital
instruments.
Please visit www.janone.com for additional information.
Forward Looking Statements
This press release contains statements that are forward-looking
statements as defined within the Private Securities Litigation
Reform Act of 1995, including, but not limited to, statements
relating to the statements that JAN 101 will treat PAD, that JAN
123 will treat CRPS, the timing of the commencement of clinical
trials, that the FDA will permit approval through a 505(b)(2)
pathway for JAN 123, that upon approval JAN 101 will immediately
disrupt the PAD market, and other statements, including words such
as "continue", "expect", "intend", "will", "hope" "should",
"would", "may", "potential", and other similar expressions. This
press release also contains statements and links relating to the
profitability and prospective growth of ALT5's platforms and
business, including, but not limited to international currency
risks, third-party or customer credit risks, liability claims
stemming from Alt5's services, and technology challenges for future
growth or expansion. Such statements reflect JanOne's current view
with respect to future events, are subject to risks and
uncertainties, and are necessarily based upon a number of estimates
and assumptions that, while considered reasonable by JanOne, are
inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies.
Many factors could cause JanOne's actual results, performance or
achievements to be materially different from any future results,
performance or achievements described in this press release. Such
factors could include, among others, those detailed in the
Company's periodic reports filed with the Securities and Exchange
Commission (the "SEC"). Should one or more of these risks or
uncertainties materialize, or should the assumptions set out in the
section entitled "Risk Factors" in JanOne's filings with the SEC
underlying those forward-looking statements prove incorrect, actual
results may vary materially from those described herein. These
forward-looking statements are made as of the date of this press
release and JanOne does not intend, and does not assume any
obligation, to update these forward-looking statements, except as
required by law. JanOne cannot assure that such statements will
prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements.
Individuals are cautioned that forward-looking statements are not
guarantees of future performance and accordingly investors are
cautioned not to put undue reliance on forward-looking statements
due to the inherent uncertainty therein.
Media Contact Investor Relations
IR@janone.com
1-800-400-2247
Global Digital Content Creation Market Report 2023-2030: Market
Surges as Businesses Prioritize Engaging Content, Adobe, Microsoft,
and Google Leading Innovations (yahoo.com)
30+ Incredible Creator Economy Statistics (2024)
(explodingtopics.com)
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SOURCE JanOne Inc.
