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BIGG Digital Assets Divests of Luxxfolio Holdings, BIGG Subsidiary Netcoins Announces Re-Launch of Netcoins Pay
Tuesday, November 29, 2022
BIGG Digital Assets Divests of Luxxfolio Holdings
BIGG Digital Assets subsidiary Netcoins announces the re-launch of Netcoins Pay in partnership with Koho Financial Inc. and Mastercard
Vancouver, BC, November 29, 2022--(T-Net)--BIGG Digital Assets Inc.(CSE: BIGG; OTCQX: BBKCF), owner of Netcoins (Netcoins.ca ), an online cryptocurrency brokerage, and owner of Blockchain Intelligence Group (blockchaingroup.io ), a developer of blockchain technology search, risk-scoring and data analytics solutions, announced that it has divested of its minority investment in Luxxfolio.
Following the recent Luxxfolio news release highlighting the challenges for Luxxfolio and the crypto mining industry as a whole, and that Luxxfolio "has decided to seek strategic alternatives", BIGG says it has chosen to sell its minority investment in Luxxfolio.
Full details of the Luxxfolio news release can be found here: https://www.newswire.ca/news-releases/luxxfolio-operations-update-840566412.html
BIGG Digital Assets also announced the re-launch of Netcoins Pay in partnership with Koho Financial Inc. and Mastercard.
Netcoins is a leading crypto platform founded in 2014 and headquartered in Vancouver, Canada. The platform allows users to buy Bitcoin, Ethereum, and 34 other cryptocurrencies with 0% funding fees and free cash withdrawals. Netcoins, through its partnership with KOHO Financial Inc., is re-launching its Netcoins Pay proposition with Mastercard in Canada.
Since launching the card in Q1 2022, Netcoins Pay users have spent over $5,000,000 and accumulated over $100,000 in Bitcoin rewards.
Netcoins Pay users will continue to accumulate Bitcoin rewards as a form of 'Cash Back' based on their everyday spending. Users can track their rewards in the Netcoins Mobile App, which is available on the App Store and Google Play Store and through Netcoins Web App.
"Mastercard has taken tremendous strides to support the crypto industry and will be working closely with Netcoins to ensure that we are providing our Netcoins Pay users with the same great experiences in Canada that we are seeing with global leaders" said the company in a release.
The new Netcoins Pay card will have an updated look to match the updated Netcoins Brand and will stand out in users' wallets in both physical and digital forms. Users can migrate to receive their new Mastercard. A dedicated marketing campaign and competition will follow on social media.
Additional Information:
Netcoins President, Fraser Matthews, commented "Since the launch of Netcoins Pay, we have focused on the evolution of the product so that we can better serve our users. KOHO Financial Inc. has moved to Mastercard, which has allowed us to work closely with Mastercard's global crypto team to plan a roadmap of enhancements that are specific to our product. We look forward to bringing Mastercard's crypto card services to our Canadian users and launching innovative new features in 2023."
About BIGG Digital Assets Inc.
BIGG Digital Assets Inc. (BIGG) believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision. BIGG has three portfolio companies: Netcoins (netcoins.ca), Blockchain Intelligence Group (blockchaingroup.io), and TerraZero (terrazero.com).
Blockchain Intelligence Group builds technology to power compliance and intelligence for the crypto future. Banks and crypto companies depend on our technology to monitor risk from crypto transactions. Investigators and law enforcement quickly identify and track illicit activity. Blockchain Intelligence Group is trusted globally by banks, crypto companies, law enforcement, fintechs, regtechs and governments.
Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. Netcoins utilizes BitRank Verified software at the heart of its platform and facilitates crypto trading via a self-serve crypto brokerage portal at Netcoins.app.
TerraZero is a vertically integrated Metaverse development group and leading Web 3.0 technology company specializing in the Metaverse space. The Company's Metaverse agnostic vision is to develop, acquire, and finance the Metaverse's most promising companies, entrepreneurs, and developers. TerraZero also owns digital real estate and provides offices and services to those interested in the Metaverse. BIGG owns ~30% of TerraZero.
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