VCI Global Unveils “Socializer”: A Military-Grade Secured Messaging Platform with Secure Digital Asset Wallet for Consumers
07 Juni 2024 - 2:39PM
VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, “VCIG”, or the
“Company”), is proud to announce the launch of “Socializer”, a
consumer version of military-grade secured messenger platform
currently serving a European government and businesses. Socializer
aims to protect data privacy and facilitate digital asset storage.
This initiative, in collaboration with a Switzerland-based
provider, includes the development of a secure digital asset
wallet, extending robust security features to consumers worldwide.
Socializer stands out with its military-grade
end-to-end encryption, ensuring that user communications and media
remain private and secure. A highlight of the platform is its
advanced facial recognition technology that instantly conceals
chats with “private status” contacts when someone other than the
user is looking at the phone, adding an extra layer of privacy.
In addition to secured messaging, Socializer
offers comprehensive media management tools, including secure local
file storage, editing tools for documents and photos, document
signing, and a secure backup system. The platform also integrates a
decentralized wallet, enabling users to store, swap, receive, and
transfer multiple fiat and cryptocurrencies seamlessly and
globally.
According to Allied Market Research, the
messaging security market is projected to grow at a compound annual
growth rate (CAGR) of 14.30%, reaching US$21.6 billion by 2032 from
2023. This growth is driven by the increasing complexity of cyber
threats and regulatory compliance requirements. Additionally, the
global crypto wallet market, valued at US$ 10.28 billion in 2023,
is projected to exceed US$ 94.45 billion by 2033, with a CAGR of
24.83% from 2024 to 2033, as projected by Vision Research Reports.
This growth is fueled by the widespread acceptance of
cryptocurrencies, the rising awareness of blockchain technology and
transaction volume, and the regulatory compliance changes.
The beta version of Socializer will be available
for download on Android and Apple App Stores starting July 2024,
with the grand launch of the full version anticipated in October
2024.
“Socializer is a game-changer in the world of
secure communication and digital asset management. Our advanced
security features, combined with user-friendly functionalities, set
a new standard for privacy and control,” said Pascal Lauria, Chief
AI Officer based in Frankfurt of VCI Global.
“Socializer is a pivotal addition to our
portfolio, reflecting our commitment to innovation and security.
This platform not only safeguards user privacy but also expands our
reach across various markets and enhances our service offerings in
fintech and cybersecurity,” said Dato’ Victor Hoo, Group Executive
Chairman and Chief Executive Officer of VCI Global.
About VCI Global Limited
VCI Global is a diversified holding company.
Through its subsidiaries, it focuses on consulting, fintech, AI,
robotics, cybersecurity, and gamification. Based in Kuala Lumpur,
Malaysia, our main operations are centered in Asia, with
significant visibility across Asia Pacific, the United States,
Europe, and the Middle East. VCIG primarily offers consulting
services in capital markets, real estate, AI, and technology. In
technology businesses, the company operates a proprietary financing
platform that serves companies and individuals, as well as a
secured messaging platform serving governments and organizations.
We also invest, incubate, accelerate, and commercialize businesses
and technologies in AI, robotics, and gamification.
For more information on the Company, please log on to
https://v-capital.co/.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking
statements that are subject to various risks and uncertainties.
Such statements include statements regarding the Company’s ability
to grow its business and other statements that are not historical
facts, including statements which may be accompanied by the words
“intends,” “may,” “will,” “plans,” “expects,” “anticipates,”
“projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,”
“potential” or similar words. Actual results could differ
materially from those described in these forward-looking statements
due to certain factors, including without limitation, the Company’s
ability to achieve profitable operations, customer acceptance of
new products, the effects of the spread of Coronavirus (COVID-19)
and future measures taken by authorities in the countries wherein
the Company has supply chain partners, the demand for the Company’s
products and the Company’s customers’ economic condition, the
impact of competitive products and pricing, successfully managing
and, general economic conditions and other risk factors detailed in
the Company’s filings with the United States Securities and
Exchange Commission (SEC). The forward-looking statements contained
in this press release are made as of the date of this press
release, and the Company does not undertake any responsibility to
update the forward-looking statements in this release, except in
accordance with applicable law.
CONTACT INFORMATION:
For media queries, please contact:
VCI Global Limitedenquiries@v-capital.co
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