As companies like JPMorgan, Walmart, and Facebook embark on plans to print their own digital currencies, smart investors have started to place their bets on these revolutionary new assets – and even smarter ones are investing in companies that are building out the blockchain infrastructure required to establish a branded currency.
For months I’ve been helping my followers to cash in on this trend through a company called ICOx Innovations Inc., whose stock ticker symbol has been ICOX on both the Canadian TSX-V exchange as well as the American OTCQB exchange (which can be traded from practically any brokerage account in the U.S.).
Folks have followed my alerts on this company, but I’ve been telling them to stay in the trade. But whether you’re already positioned in the stock or preparing to buy shares, there’s an exciting development that you need to know about.
Don’t worry – it will still be the same company that creates and implements branded digital currencies so that companies can redefine their transaction value chain for enhanced customer attraction, engagement, and retention. Now, however, the company will be re-branding itself with a new name: CurrencyWorks Inc.
The company will continue to trade on the TSX-Vexchange and the OTCQB market under its new symbol, CWRK. And just like ICOx, CurrencyWorks will continue to provide blockchain-based brand-loyalty programs, in-app purchases, online retail and virtual goods purchases, remittance, charitable donations, and much more.
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Bruce Elliott, the President of CurrencyWorks, has emphasized that this event represents not only a name change, but a new chapter in the history of a transformative company: “The new name – CurrencyWorks – allows us to emphasize the legacy, continued work and commitment we have to brands in helping them design and implement digital currencies.”
CurrencyWorks will maintain ICOx’s roster of clients, including RYDE Holding Inc., the operator of the KODAKOne Platform, as well as cryptocurrency payments platform BitRail, faith-based financial transaction solutions provider Cathio, and celebrity-endorsed sports-betting hub sBetOne.
And so, while some things are changing, some things remain the same: shareholders are still getting the same outstanding company and game-changing innovation, along with a top-notch Board of Directors which includes such luminaries as Edmund Moy, the 38th Director of the U.S. Mint.
Moy remains part of a stellar team that’s easing the company into its new name and eagerly preparing for new developments and advancements: “I am very proud to be a part of a company that has been at the forefront in the use of this innovative new technology for brands from the beginning,” stated Mr. Moy.
CurrencyWorks’ President, meanwhile, remains as dedicated as ever to bringing outstanding value to the company’s clients, partners, and shareholders: “As a company who was founded on the belief that a branded digital currency increases transactions to an organizations’ customer base, we are committed to providing these benefits to brands across a multitude of sectors,” explained Mr. Elliott.
The name change is effective immediately, and I’m looking forward to more from ICOX and now CWRK – get your portfolio ready, for the blockchain revolution has a new name, and it’s CurrencyWorks.
Chief Editor, CrushTheStreet.com
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Disclaimer CurrencyWorks 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 that the Company will continue to expand its footprint and legacy; that the Company will continue to create and implement branded digital currencies so that companies can redefine their transaction value chain for enhanced customer attraction, engagement, and retention; that the Company will continue to provide for blockchain-based brand-loyalty programs, in-app purchases, online retail and virtual goods purchases, remittance, charitable donations, and much more; that the Company’s new name will allows it to emphasize the legacy, continued work and commitment it has to brands in helping them design and implement digital currencies; and that the Company will maintain its roster of clients, including RYDE Holding Inc., the operator of the KODAKOne Platform, as well as cryptocurrency payments platform BitRail, faith-based financial transaction solutions provider Cathio, and celebrity-endorsed sports-betting hub sBetOne. 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; changes in the growth and size of the different world economies; attitude of corporations toward cryptocurrency and blockchain; the continued growth and success of Cathio, KODAKOne, BitRail and sBetOne; consumer reaction to the Company’s name change; the extent to which blockchain technology will be internationally implemented; potential changes for retail transactions involving cryptocurrency; changes in market conditions and other factors beyond the control of the Company.
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. 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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