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Personalized Learning With AI – This Company Is Delivering Results Globally

Benzinga

By Johnny Rice, Benzinga Roger Hamilton, CEO of Genius Group (AMEX: GNS), was recently a guest on Benzinga’s All-Access. Genius Group is a leading provider of AI-powered, digital-first education solutions that is attempting to disrupt the highly standardized system of traditional education with a personalized, flexible and life-long learning curriculum for the modern student. The company recently announced that it has secured a $22 million ‘Genius Nation’ contract with the Government of the Republic of Kazakhstan, enabling the development of a Sovereign AI in the country. Learn more here: Featured photo by dlxmedia.hu on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 13, 2024 08:50 AM Eastern Daylight Time

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What Do Electric Vehicles, Energy Storage Systems And Electric Aircraft Have In Common? The Argument For Lithium's Long-Term Value

Benzinga

By Mangeet Kaur Bouns, Benzinga As the world increasingly shifts toward greener and more sustainable energy sources, the demand for lithium is expected to grow in the coming years. This commodity underpins key advancements across three pivotal sectors: electric vehicles (EVs), energy storage systems and electric aircraft. While lithium has faced short-term weaknesses and price fluctuations due to broad market factors, it is believed to still hold long-term value, and companies like Atlas Lithium Corporation (NASDAQ: ATLX) are strategically positioning themselves to capitalize on this growing demand. Lithium's Role In Electric Vehicles Electric vehicles are part of the global transition to sustainable transportation. A key part of this shift is lithium-ion battery technology, renowned for its high energy density, long lifespan and relatively low cost. These attributes make lithium-ion batteries ideal for automotive applications, aligning well with global goals to achieve net-zero emissions by 2050. According to Dimension Market Research, the lithium-ion battery market is projected to reach $470.50 billion by 2033, expanding at a CAGR of 21% from an estimated $84.3 billion in 2024. This surge is expected to be driven by the worldwide adoption of EVs. The adoption of EVs is accelerating globally, spurred by some supportive government policies and incentives. Countries like Norway have set ambitious goals, such as banning the sale of new internal combustion engine vehicles by 2025. In the U.S., California wants all new passenger vehicles and light-duty trucks sold to be zero-emission by 2035. These regulations create a fertile ground for the lithium market to expand, with lithium-ion batteries being a cornerstone of EV technology. Energy Storage Systems: A Renewable Energy Solution Lithium-ion batteries are also critical for renewable energy storage, providing a potential solution to the intermittency of wind and solar energy. Utilities globally are investing heavily in lithium-ion battery systems to store vast amounts of energy, ranging from 100 to 800 megawatts (MW). For instance, the Moss Landing energy storage facility in California, one of the world's largest lithium-ion battery systems, has a capacity of 750 MW/3,000 MWh. As countries transition to renewable energy sources, the ability to store and manage energy becomes crucial. Lithium-ion batteries provide the needed flexibility and reliability, allowing for the stabilization of power grids and the optimization of energy use. The falling cost of lithium-ion batteries, coupled with their ability to store increasing amounts of energy, makes them a cornerstone of many renewable energy strategies. Governments worldwide are recognizing the need for robust energy storage solutions. The European Union, for example, has set ambitious targets for energy storage capacity to ensure energy security and grid stability. Similar initiatives are underway in the U.S. and Asia, where large-scale energy storage projects are being implemented. This global trend underscores the role of lithium-ion batteries in achieving sustainable energy goals. Electric Aircraft: The Future Of Aviation The aviation industry is exploring lithium-ion battery technology as a game-changer for electric aircraft. As this sector evolves, lithium-ion batteries seem poised to provide the power needed for longer flights and more efficient operations. Although still in the early stages, advancements in lithium battery technology are critical for overcoming the challenges of electric aviation, such as weight and energy density. Companies like Joby Aviation and Lilium are pioneering electric vertical takeoff and landing (eVTOL) aircraft, which aim to transform urban air mobility. These eVTOL aircraft, powered by lithium-ion batteries, promise to reduce traffic congestion and lower carbon emissions associated with traditional air travel. While regulatory hurdles and technical challenges remain, the successful deployment of eVTOLs could significantly boost lithium demand. Short-Term Weakness Vs. Long-Term Potential In recent years, lithium prices have been highly volatile, peaking dramatically before falling sharply. Factors such as speculative trading, shifting demand projections and supply-demand imbalances have driven this fluctuation. For example, lithium prices soared from around $12,000 per metric ton in 2019 to $46,000 per metric ton in 2023. China's dominance in lithium processing — accounting for about two-thirds of the global supply — impacts the supply chain. Geopolitical tensions and trade restrictions exacerbate these issues, as seen with U.S. legislation excluding companies that are Foreign Entities of Concern (FEOCs) from receiving tax credits for EV investments. Additionally, the environmental impact of lithium mining and the slow pace of regulatory approvals for new mines complicate the growth of domestic production. Despite these challenges, lithium's long-term potential across EVs, energy storage systems and electric aircraft seems robust. Governments worldwide are setting ambitious targets for zero carbon emissions, and automakers are ramping up EV production. How Atlas Lithium Is Positioning Itself For Long-Term Growth Atlas Lithium is strategically positioning itself to meet the growing demand for lithium. With one of the largest exploration projects in Brazil, the company seems poised to capitalize on this need. Atlas Lithium has more than doubled its exploration portfolio in Brazil to approximately 539 km² (nearly 133,294 acres), including new claims in the Doce River and Mucuri Valleys, which are emerging as promising lithium jurisdictions. In addition to expanding its exploration footprint, Atlas Lithium says it is investing in advanced technologies and sustainable mining practices to enhance its production capabilities. These efforts, it says, aim to increase output and to mitigate the environmental impact of lithium extraction. Lithium's role in powering electric vehicles, enabling energy storage systems and supporting the development of electric aircraft underscores its critical importance in the transition to a more sustainable future, and the recent sell-off may have made the prices of stocks and commodities like lithium more attractive for interested investors. Leveraging substantial exploration activities and an established resource base, Atlas Lithium could be poised to benefit from rising global demand. Featured photo by Priscilla Du Preez 🇨🇦 on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 13, 2024 08:30 AM Eastern Daylight Time

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Vymo Launches OnboardIQ, the First AI/Machine Driven Solution for Insurance Recruiting, Onboarding, and Compliance

Vymo, Inc.

Vymo, a leading multi-channel distribution management platform powered by AI for the global insurance industry, recently announced the launch of OnboardIQ. By leveraging AI and ML, OnboardIQ is the first complete solution designed to streamline recruiting, onboarding, and compliance, marking a swift departure from existing, outdated legacy systems. “Traditional recruitment methods are typically tedious, inefficient, and costly. But by factoring in a prospect’s skills, licensure history, and a carrier’s specific needs, OnboardIQ can generate comprehensive candidate profiles,” notes Venkat Malladi, Vymo Co-Founder and CTO. The system then scours these profiles and targets the most suitable candidates by generating campaigns on LinkedIn, Facebook, and Instagram. He adds, “no matter how much the talent pool shrinks in the coming years, with OnboardIQ, carriers will have access to top-tier, matched talent.” One carrier remarked that their biggest challenge during onboarding was the "lack of visibility." OnboardIQ addresses this issue by providing complete transparency from the moment an agent decides to start selling, through the licensing and appointment processes, all the way to completing their product training and achieving ready to sell status. Beyond recruiting and onboarding agents, OnboardIQ helps agents to live up to their full potential. For example, a carrier based in California might want to make inroads in the midwestern market. OnboardIQ will pinpoint the agents best suited for this expansion, check their existing state licenses, and guide those who need additional licenses through the acquisition process. “ This approach helps carriers get the most value from each agent, while allowing agents to maximize their commissions. The platform empowers both carriers and agents to expand their footprint,” notes Venkat Malladi. The U.S. has a uniquely intricate regulatory landscape, with varying licensing requirements across states. As legislation tightens, OnboardIQ helps prevent fines, and irreversible reputational damage by proactively—not reactively—identifying compliance issues across an entire multi-state insurance organization. Notes Malladi, “without software that can create a database of agent licenses and update them in real time as agents obtain new licenses, managing compliance becomes extremely complex.” At the core of OnboardIQ is Co-Pilot, an AI-powered, text-based personal assistant designed to answer recruiting, onboarding, and compliance questions for both agents and carriers. For example, an agent might ask Co-Pilot, “what are the pre-licensing education requirements for obtaining a health insurance license in Florida?” While a carrier might inquire, “which of my agents are due for license renewal in the next three months in New Jersey?” Co-Pilot provides accurate and easy-to-understand answers for both queries. Malladi notes, “OnboardIQ serves as a conduit for seamless interaction between carriers and agents—adapting to an era where insurance operations extend beyond local boundaries.” About Vymo® Vymo is a global provider of a smart distribution management platform powered by AI to deliver data-driven insights and transform the way your businesses operate. Meticulously crafted for insurers, MGAs, FMOs, IMOs, and insurance distributors who have outgrown legacy sales and account management tools and require greater automation for producer administration and sales processes. Vymo's platform features a suite of modular applications—including OnboardIQ and EngageIQ, and is engineered to deliver a superior producer experience through critical steps in the sales process, such as onboarding, compliance, activity tracking, and sales enablement. Vymo has secured over $45M in funding from Peak XC Partners, Emergence Capital, and Bertelsmann India Investments and is also an award winner of CB Insights' and Microsoft's 'AI for All' awards. Additional Resources: Vymo Distribution Management Platform Vymo OnboardIQ Vymo EngageIQ for Leaders Vymo EngageIQ for Sellers U.S. Media Contact: Meir Kahtan MKPR mkahtan@rcn.com +1 917-864-0800 Michael Palmisano Vice President, Marketing Vymo, Inc. 440 N Wolfe Rd. Sunnyvale, CA 94085 Web: https://getvymo.com/ Blog: https://getvymo.com/blog All other registered trademarks, or service marks belong to their respective companies. Contact Details MKPR for Vymo Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://getvymo.com/

August 13, 2024 08:00 AM Eastern Daylight Time

News Release

ConnectM Technology Solutions, Inc. (Nasdaq: CNTM): Powering The Electrification Segment with AI-Driven Innovation

CNTM

In the push towards a clean energy future, electrification is emerging as a key strategy to reduce CO2 emissions and combat climate change. This shift is creating significant market opportunities, particularly for the companies at the forefront of this transition. As sectors across the economy move away from fossil fuels and towards electricity powered by renewable sources, the demand for innovative solutions that can optimize and manage this new energy landscape is on the rise. ConnectM Technology Solutions, Inc. (Nasdaq: CNTM) is one such company, positioning itself to capitalize on this growing market. CNTM is a rising company in the electrification sector blending cutting-edge technology with a vision for a more sustainable future. With its AI-driven platform and focus on electrified energy assets, ConnectM could be a key player in advancing the electrification economy, offering investors a potential opportunity in a rapidly evolving sector. A Comprehensive Technology Platform At the core of ConnectM’s business is its proprietary Energy Intelligence Network, an all-in-one platform designed to monitor and manage electrified assets across their entire lifecycle. Serving over 50,000 customers and managing more than 100,000 assets, this platform collects anonymized performance data to refine AI models, continually enhancing network efficiency. By focusing on residential and light commercial applications, as well as all-electric OEMs, ConnectM is making electrification more accessible, efficient, and impactful. For investors, this data-driven approach could translate into a scalable and adaptable business model capable of meeting the growing demand for electrified energy solutions. Product Innovation Driving Market Penetration ConnectM’s recent launch of its intelligent heat pump system for residential and light commercial use showcases the company’s innovation within the electrification space. Integrated with the Energy Intelligence Network, this system leverages AI and IoT technologies to optimize heating and cooling efficiency. Considering that heating and cooling account for approximately 54% of total energy usage in single-family homes, according to the Energy Information Agency (EIA), ConnectM’s product could address a significant market need by reducing energy consumption and utility costs. CEO Bhaskar Panigrahi highlighted the importance of this advancement, noting that the heat pump “represents a major advancement in climate control technology.” The system’s potential to enhance energy efficiency, especially when combined with renewable energy sources like solar panels, may attract a broad customer base and drive further market penetration. Expansion Through Acquisitions ConnectM’s acquisition of a controlling interest in DeliveryCircle, a final-mile delivery service, signals the company’s intent to diversify and expand into adjacent markets. The acquisition, valued at up to $5.2 million, provides ConnectM with immediate exposure to the $165 billion U.S. couriers and local delivery services market. DeliveryCircle’s asset-light business model, relying on a network of independent contractors, complements ConnectM’s existing operations and could create synergies in fleet electrification and connected logistics. Panigrahi expressed optimism about the acquisition, stating, “This acquisition complements the robust organic growth we have achieved in recent years.” For investors, this move into last-mile logistics could potentially enhance ConnectM’s revenue streams, improve profitability, and support the company’s broader electrification goals. Performance Metrics Indicating Growth Potential ConnectM’s impact scorecard for the six months ending June 30, 2024, provides quantifiable insights into the company’s operational performance. During this period, ConnectM reported a 200% increase in electrified energy, reaching 87 GWh—enough to power 26,000 homes daily. This growth, alongside a 273% increase in CO2 sequestration and a 295% increase in fossil fuel displacement, underscores the scalability of ConnectM’s technology and its potential to contribute meaningfully to environmental sustainability. For potential investors, these metrics suggest that ConnectM’s platform not only drives customer adoption but also has the potential to deliver tangible environmental benefits. The consistent growth in these key performance indicators may signal the company’s ability to capture a larger share of the electrification market over time. ConnectM Technology Solutions, Inc. (Nasdaq: CNTM ) has a compelling opportunity in the electrification economy. The company’s focus on AI-driven technology, product innovation, and strategic acquisitions positions it to capitalize on the increasing demand for sustainable energy solutions. As CNTM advances its growth strategy, its commitment to integrating advanced electrified assets with cutting-edge technology has the potential to drive substantial long-term growth and profitability. Contact Details RazorPitch Mark McKelvie +1 585-301-7700 mark@razorpitch.com Company Website https://razorpitch.com

August 13, 2024 06:00 AM Eastern Daylight Time

VenHub Offers Fully Autonomous AI-Driven Smart Stores, With Plans To Revolutionize Retail – Investors Can Get Early Access To This Future-Focused Company Until August 21st

Benzinga

By Anthony Termini, Benzinga Travelers who get to the airport early often show up before the cafes and retailers inside are open for business. As these same wayfarers stroll the quiet terminals, they often see standalone kiosks making available everything from headphones to wireless charging pads. Vending machines have, without doubt, revolutionized retail, and one California company has a plan to take the unattended retail venue to an entirely new level by leveraging AI. “Imagine If A Grocery Store And A Vending Machine Had A Genius Baby” VenHub, based in Pasadena, is taking pre-orders on its fully autonomous and robotic-operated Smart Stores that rely on advanced technologies to offer a seamless shopping experience for customers. The stores use an app-based ordering system that makes items available to consumers 24/7. Using artificial intelligence and smart inventory management systems, the stores generate revenue around the clock. They can be customized to sell everyday essentials, consumer technology or specialty items merchandised to suit the location or season. The prefab VenHub Smart Store is an expandable 800-square-foot plug-and-play storefront technology that can be delivered, unpacked and installed in just a few days. Once operational, the company says the stores are fully autonomous and fully monitored, requiring no employees to operate and costing a fraction of maintaining a traditional brick-and-mortar store. VenHub’s Value Proposition Addresses A Huge Potential Market Opportunity Data from the National Association of Convenience Stores (NACS) shows that retailers carrying only a limited range of household goods and groceries collectively generated more than $327 billion of in-store sales in 2023. The average purchase per customer visit was less than $8.00, according to NACS. As such, the opportunity to make shopping more convenient by placing a fully autonomous store in high-traffic locations potentially creates an enormous opportunity. VenHub estimates that it is addressing a $650 Billion market. To put VenHub’s market opportunity into perspective, consider Grainger Industrial Supply (NYSE: GWW). Grainger’s “KeepStock Vending Program” puts fully stocked vending machines in customers’ actual locations. Those small vending machines account for approximately $1 billion of Grainger’s annual sales. In a similar fashion, VenHub’s standalone Smart Stores could be a complement inside or outside of a convenience, cosmetics, electronics or grocery store, or even a pharmacy. They can be set up in airports, at colleges or in and around sports venues. In addition to selling the physical structures, VenHub projects that both software and maintenance fees will help the company achieve gross margins in excess of 50% and EBITDA margins near 37%. Shahan Ohanessian, VenHub’s CEO, says that the company “is at the forefront, spearheading initiatives that ensure safer, smarter, and smoother shopping experiences.” VenHub Is Getting Pre-Orders From Around The World The company, which in July announced a strategic non-binding Letter of Intent with a renowned NASDAQ-listed Special Purpose Acquisition Company to make VenHub public, has already secured pre-orders from more than 800 retailers around the world. According to company sources, that represents more than $240 million in potential sales. VenHub believes the pending alignment with a NASDAQ-listed entity will heighten its visibility and increase investor confidence by broadening its access to global capital markets. Public companies with broad access to capital are better able to fast-track growth, innovate their product offering and expand into new markets and regions. Ohanessian says the deal "signals the start of a profound transformation in the retail world." The company believes its Smart Store concept is the future of retailing, and it intends to be the leader in the autonomous robotic retail sector. VenHub is on the path to issuing shares to the public in a Regulation CF offering. Issuance Express is facilitating the distribution. Investors interested in this company’s shares may still have an opportunity to invest, but only until August 21st. The offering is highlighted on the Issuance Express portal. Featured photo courtesy of VenHub. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 09, 2024 08:45 AM Eastern Daylight Time

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Indian Spiritual Leader Morari Bapu Dedicates Ram Katha at the United Nations to the Organisation for World Peace

Morari Bapu

Morari Bapu today dedicated his nine-day-long spiritual event at the United Nations Headquarters to the organization and prayed for world peace. After concluding the discourse, he walked to the General Assembly of the UN, where he placed the Ram Charita Manas (Ramayana) of Goswami Tulsidas and chanted the Vedic hymn: Om Sarve BhavantuSukhinah Sarve Santu Niraamayaah | Sarve BhadraanniPashyantu Maa Kashcid-Duhkha-Bhaag-Bhavet | (Om, May All be Happy, May All be Free from Illness. May All See what is Auspicious, May no one Suffer.) The leading light of Hindu Vedic Sanatana Dharma then chanted the name of his discourse, “VasudhaivaKutumbakam,” followed by the holy greeting of ‘Jai Siya Ram’. VasudhaivaKutumbakam is a Sanskrit phrase found in Hindu sacred texts such as the Maha Upanishad, meaning "The World Is One Family." Morari Bapu held a spiritual and historic nine-day Ram Katha discourse (narration of Ramayana) at the United Nations Headquarters in New York; a first-of-its-kind event by any spiritual leader. The event took place between July 27 – August 04, 2024. The Hindu spiritual guru said that the main and special shrotas (listeners) of this discourse were the five elements – sky, water, earth, air, and fire. During the course of the week, Morari Bapu met the UN Deputy Secretary-General, Amina J. Mohammed, who said, “While you had circumambulated the United Nations Headquarters building earlier, you are now at its heart.” She added that the event had bolstered efforts to achieve the 17 Sustainable Development Goals. Morari Bapu reciprocated the warm sentiment by communicating that his “Vyaspeetha will always be with the UNO program for world peace, world progress, and world happiness.” Many years ago, Bapu had walked around the UN Headquarters while chanting the holy name. This time, he repeatedly emphasised that world leaders must rise above petty interests and make a full effort to end wars that are on in Israel and Ukraine. Earlier on July 30, several dignitaries attended the discourse, including Commissioner of International Affairs Edward Mermelstein, Deputy Commissioner of International Affairs Dilip Chauhan from the NYC Mayor’s Office for International Affairs along with Deputy Commissioner and Chief of Staff Aissata Camara.The NYC Mayor’s Office also extended the highest honour to Morari Bapu’s Vyaspeetha. Consul General of India in New York Binaya Srikanta Pradhan and Surendra K. Adhana, Counsellor & Head of Chancery at the Permanent Mission of India to the UN, were also esteemed guests. The spiritual leader’s teachings aligned with the United Nations' Sustainable Development Goals (SDGs), particularly in promoting peace, environmental sustainability, and social justice. He cited examples from the Ram Charita Manas to explore how these SDG themes were elaborated and advocated in the sacred text. On the concluding day, Morari Bapu related the characteristics of Ram Rajya, or the rule of the ideal king Lord Ram, and how these too exemplified a model code of life that matched the principles of the United Nations. About Morari Bapu Morari Bapu, a renowned exponent of the Ramayana, has been reciting Ram Kathas for over sixty-five years. He draws from Vedic Sanatana Dharma, popularly known as Hindu Sanatana Dharma. His narrations are celebrated worldwide for their emphasis on universal peace and messages of truth, love, and compassion. Bapu’s unique approach draws upon examples from various religions, inviting people of all faiths to partake in the spiritual journey. Morari Bapu began his remarkable journey of reciting the Ram Charita Manas, a revered version of the Ramayana by Goswami Tulsidas, at the age of fourteen in front of a small village audience. Over the decades, he has held Ram Kathas in numerous cities and pilgrimage sites across India and around the world, including Kailash, Bhusundi Sarovar, Rakshas Taal, and the 12 Jyotirlingas which he covered on the train. He also conducted kathas globally in countries like Sri Lanka, Indonesia, South Africa, Kenya, the United Kingdom, the United States, Brazil, Australia, Israel, and Japan, attracting millions of followers. Beyond traditional venues, Bapu has also conducted Ram Kathas for marginalized communities, including sex workers and transgender individuals. He is actively involved in extensive humanitarian efforts including during the period of the Covid 19 pandemic. Get more details of the event here: https://chitrakutdhamtalgajarda.org/katha/cambridge-united-kingdom/ Official Website: https://chitrakutdhamtalgajarda.org Watch the live telecast of the event here: ChitrakutdhamTalgajarda https://youtube.com/@MorariBapu Official Linktree: https://linktr.ee/ChitrakutdhamTalgajarda Official Social Media Channels Instagram: @ChitrakutdhamTalgajarda https://www.instagram.com/chitrakutdhamtalgajarda/ Facebook: @ChitrakutdhamTalgajarda https://www.facebook.com/ChitrakutdhamTalgajardaMorariBapu/ Twitter: @MorariBapu_ https://twitter.com/MorariBapu_ Telegram: @Chitrakutdham Talgajarda https://t.me/ramkathaclips Contact Details Shree Chitrakutdham Trust +91 78278 43358 info@chitrakutdhamtalgajarda.org Company Website https://chitrakutdhamtalgajarda.org/

August 06, 2024 10:00 AM Eastern Daylight Time

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New Co-CEO Of Brand Engagement Network Talks Future Of AI

Benzinga

By Johnny Rice, Benzinga Paul Chang, co-CEO of Brand Engagement Network, Inc. (NASDAQ: BNAI), or BEN, was recently a guest on Benzinga’s All-Access. BEN is a provider of conversational AI technology and human-like AI avatars. The company delivers highly personalized AI engagement with a focus on industries where there may be a large workforce gap and an opportunity to transform how consumers engage with networks, providers, and brands. Chang was recently named co-CEO and spoke with Benzinga about his exciting vision for the company. Watch the interview here: Featured photo by Mathew Schwartz on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 02, 2024 08:45 AM Eastern Daylight Time

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UQUID Integrates USDT on TRON for Seamless Public Transport Payments in Argentina

Uquid

Buenos Aires, Argentina - August 1, 2024 – UQUID, a pioneer in Web3 shopping platforms, has introduced a new feature allowing users to top up their SUBE cards using USDT on the TRON blockchain. This new functionality aims to streamline how Argentine commuters manage their public transportation expenses, leveraging cryptocurrency for everyday transactions. SUBE cards are pre-loadable wallets used for public transportation across Argentina. They allow users to pay fares for buses, subways, trains, trolleybuses, and ferries with ease. This system is widely implemented in Greater Buenos Aires, as well as over 60 other towns, including notable locations such as Bariloche, Ushuaia, and Mendoza. Tran Hung, CEO of UQUID, expressed his enthusiasm for the service, stating, " Integrating blockchain into daily life is key to our mission of simplifying transactions. We chose USDT on TRON for its stability, low fees, and speed, making it ideal for LATAM users. After our success with SSS payments in the Philippines, we're thrilled to bring this innovative solution for SUBE card top-ups to Argentina. Personally, I am excited to see how these advancements can enhance commuting and simplify financial transactions for our users ". Dave Uhryniak, Leader of Ecosystem Development at TRON DAO commented, "We are excited about UQUID's innovative integration of USDT on the TRON blockchain for topping up SUBE cards. This functionality demonstrates the practical utility of cryptocurrency in everyday life. By leveraging TRON's stability, low fees, and speed, UQUID is setting a new standard for how digital assets can enhance convenience for users in Latin America.” Transforming Public Transport Payments in Argentina The SUBE card is essential for Argentina's public transportation system. Traditionally, topping up these cards involved visiting physical locations like subway stations and kiosks, or using online banking platforms, often resulting in long waits and time-consuming processes. Utilizing the TRON blockchain for SUBE card top-ups ensures rapid transaction times, allowing users to add credit almost instantly and eliminating the need for long queues. This convenience will enable commuters to top up their cards anytime and anywhere, particularly benefiting those with busy schedules or who travel during non-standard hours. Transactions on the TRON network are known for their low fees, making it a cost-effective option for users. This enables commuters to maximize their travel budgets without incurring high transaction costs. USDT (Tether), a stablecoin pegged to the US dollar, provides a stable and reliable transaction value. In a high-inflation economy, this stability is crucial for maintaining the purchasing power of commuters’ funds. The integration of USDT on TRON for SUBE card top-ups democratizes access to transportation by providing an inclusive financial tool accessible to anyone with cryptocurrency, regardless of traditional banking limitations. The adoption of USDT on TRON has been growing rapidly across Latin America, including Argentina. According to UQUID, nearly 48.78% of their users in Latin America utilize USDT on the TRON network for their purchases, highlighting the growing preference for TRON-based transactions in the region. This trend is driven by the need for stable and efficient financial solutions in regions experiencing economic instability. The low transaction fees, fast processing times, and stability of USDT on TRON make it an ideal choice for everyday transactions and savings. This new feature represents a significant advancement in the use of blockchain technology for everyday financial transactions, offering a modern and efficient solution for Argentine commuters. It highlights the potential of cryptocurrency to provide practical, real-world benefits, reinforcing the growing trend of digital finance adoption in Latin America and beyond. About Uquid Launched in 2016, Uquid is a pioneer in applying DeFi and Web 3.0 to e-commerce, aiming to deliver the ultimate Shop to Earn experience. With verified merchants, exclusive deals, cashback, and Payin3 with crypto, Uquid leads the way in the Web 3.0 shopping infrastructure. Over the years, Uquid has grown to serve 220 million users across significant platforms such as Binance, Crypto.com, and Gate.io. With a remarkable monthly visitor count exceeding 50 million, Uquid is not just a platform but a pivotal player in shaping the new generation of e-commerce. Boasting the largest selection of over 160 million physical, digital, and NFT products and offering comprehensive shipping services to over 200 countries and territories, Uquid caters to a diverse global customer base. Users shopping at Uquid benefit from flexible and convenient payment methods, including cryptocurrency, fiat, or wallets. In 2021, Uquid introduced the first Buy Now Pay Later with crypto option—Payin3—demonstrating its ambition to dominate the crypto marketplace. Uquid Payin3 allows customers to protect the future value of their crypto by delaying payment in three installments over 90 days, interest-free. Offering an extensive array of products and the best Shop to Earn experience, Uquid continues to redefine the standards of convenience and accessibility in the digital shopping landscape. For more information about Uquid, please visit: Uquid Official Maeve Vu pr@uquid.com About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of July 2024, it has over 244 million total user accounts on the blockchain, more than 8 billion total transactions, and over $20 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network Contact Details Maeve Vu pr@uquid.com

August 01, 2024 11:23 AM Eastern Daylight Time

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How Small Cap Companies Like Gaucho Group Holdings (NASDAQ: VINO) Are Showing Up Tech Giants

Benzinga

By Gerelyn Terzo, Benzinga In case you haven’t noticed, there’s been a rotation unfolding in the stock market, in which investors are fleeing high-flying Big Tech companies and flocking to small cap names. This is creating new pockets of strength in various sectors of the economy, like homebuilders. While there are varying definitions of small cap stocks, they are generally those with a market capitalization in the range of $300 million to $2 billion. However, don’t let their size fool you, as small caps have a big influence in the market. This shift has been apparent in the performance of the Russell 2000, an index reflecting investor sentiment around small-cap stocks. The index has had an impressive run this summer, skyrocketing by 12% over a five-day stretch in July, leaving the S&P 500 in the dust for the first time in history. In the week leading up to July 19, the broader market index sank nearly 2%, its worst showing in three months. Investors flocked to small-cap stocks in response to signs of easing inflation after the Consumer Price Index (CPI) declined by 0.1% in June, something it hasn’t done since the pandemic years. Lower inflation bodes well for the profitability of companies operating in corporate America and beyond. As the sector rotation continues to unfold, new pockets of strength are emerging in areas like homebuilders, as investors bet on the likelihood that the Federal Reserve will reverse course on its monetary policy campaign and begin cutting interest rates. This optimism is being reflected in market indices like the SPDR S&P Homebuilders ETF (XHB), which in mid July climbed by a double-digit percentage to a fresh all-time high. One company that is strategically positioned to benefit from this paradigm shift is Gaucho Group Holdings (NASDAQ: VINO), a Miami-based holding company. Gaucho’s portfolio comprises e-commerce platforms, fine wines and luxury real estate, while specializing in uncovering opportunities in Argentina's undervalued luxury real estate and consumer marketplace. On July 23, Gaucho Holdings’ stock tacked on 5% on the bullish sentiment surrounding these sectors. In addition to stock market momentum, Gaucho Holdings has several other tailwinds that are helping to propel the company forward. Argentina’s Green Shoots Of Economic Recovery While Gaucho Holdings’ roots are in the United States, the company has been embedded in South America for over a decade. Given its mission to identify and develop opportunities that offer investors diversification outside of the U.S, Gaucho has set its sights on Argentina’s undervalued luxury real-estate and consumer marketplace. With a management team exhibiting both caution and care, Gaucho Holdings has a vested interest in the condition of the Argentinian economy. After being mired in a recession since early 2024, Argentina’s economy has officially emerged from the doldrums, expanding a staggering 1.3% in May compared with April’s showing. On a year over year basis, GDP expanded by an even more impressive 2.3%, bucking the downward trend that was expected to persist. The economic rebound in May can be partially attributed to President Javier Milei, who took the helm of the nation at year-end 2023 when Argentina's economy was deeply mired in recession. President Milei’s less bureaucratic policies, chief among which include the implementation of significant spending cuts, have paved the way for a drastic reduction in inflation from 25.5% in Q4 2023 to 4.6% in June. Gaucho has been outspoken in its support of President Milei, communicating its approval of Argentina’s recently announced reform bills. These proposals included key state overhaul and tax packages introduced by President Milei, allowing him to advance his agenda and paving the way for an economic turnaround. While there’s still more work to be done, Argentina’s economy appears to be out of the woods. This is a sign of strength for Argentina’s luxury goods industry, including wine and real estate, both of which are represented in Gaucho Holdings’ portfolio through brands like Gaucho - Buenos Aires and Algodon Wine Estates. Gaucho Group Benefits From Homebuilder Momentum Perhaps the most promising of sectors in which Gaucho Holdings is involved is the housing sector, where homebuilder momentum has been on the rise of late. Gaucho’s Algodon Wine Estates has introduced a vineyard home rental program, capitalizing on demand for both real estate and the luxury lifestyle experience. The program is designed for private homeowners on the Algodon Wine Estates located in San Rafael, Mendoza, Argentina. By listing their homes for rent, either for the short or long term, homeowners can collect rental income while not occupying the residences. Algodon homebuilders benefit too, as they will be better able to finance luxury home construction. The maiden property to be highlighted in this program was that of Gaucho Group Holdings Founder Scott Mathis, featuring a 6,000 sq. ft. villa. The timing of Algodon’s vineyard estate rental program couldn’t be better, now that Argentina’s economy is showing green shoots of growth. Photo courtesy of Gaucho Group Holdings Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 31, 2024 08:45 AM Eastern Daylight Time

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