Must be gearing up for things soon.
Couple of things in it, he says telco is 2nd largest telco in the world which would make it Vodafone but he might have meant 2nd largets in SA which would be Telefonica. Access to 100M users, deal involves allowing to top up mobile phone credit (which is popular in emerging markets) so $30 credit = US$3.30 profit, not bad.....if access allows us to onsell remittance cash in/out providers as well even better.
He explains how the blockchain makes audit system a lot more efficient. I read somewhere that WU 25% of staff work on such things, and we have outs in built. DigitalXDirect also gets a mention.
Fact sheet updated, re-iterates Asia as launch region
http://www.redchip.com/assets/reports/DCC_FactSheet_20160405.html
Expect improvement in results in Q3 over cashflow postive Q2 so thats good. Should get cofnirmation of this later this month.
Metions Paypal valued at P/E of 40 and P/S of 5, so if we could even generate a profit of $4M the upside is immense
Interview with Zhenya Redchip
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