Spongieman sees value in this company, not in signing new customers rather, in the patent.
Recap from recent investor presentation 26 Aug 21..slide 14;
ISO 20022 will allow more information to move with payments, and ultimately will facilitate payments moving between legacy networks such as SWIFT and emerging payment gateways like Mastercard, Ripple, or R3’s Corda. However adoption is complicated and many banks are not looking to migrate until 2025.
What does that mean - to me it means that the IP is best in the hands of those payment gateways who it serves best in transitioning customer for ISO20022.
From slide 14 of the presentation; Identitii’s Patent - The Identitii platform enables the global financial services industry to migrate more than 10 billion payment messages per year to ISO20022.
SWIFT, Mastercard, Ripple, or R3’s Corda all seem like logical buyers of the tech. Listen to the Q&A of the Investor Webinar (27:30min)y, Very coy about who they are talking to. Also did an Identitii search on youtube over the weekend to see what i could find out about the company. Turns out there is much excitement about this patent.Ripple fans think this is a game changer for them ( 4min mark);
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Spongieman sees value in this company, not in signing new...
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