JanOne's ALT5 Sigma Launches Prepaid VISA® Card for Crypto Conversion

JanOne Inc., through its subsidiary ALT5 Sigma, has introduced a prepaid VISA®️ Card to complement its ALT5 Settlement Platform. This fintech innovation bridges the gap between traditional finance and the crypto industry, offering users seamless conversion between crypto and fiat currencies. The card allows institutions and merchants to access and spend their converted funds instantly.

Introduction:

JanOne Inc., through its subsidiary ALT5 Sigma, has recently introduced an innovative fintech solution designed to bridge the gap between traditional finance and the crypto industry. The new offering, a prepaid VISA card in conjunction with the ALT5 Settlement Platform, enables users to seamlessly convert crypto to fiat currencies, providing instant access and spendability for institutions, merchants, and content creators alike [1]. This article explores the significance of JanOne's latest venture, the potential benefits for various sectors, and the growing market demand for efficient cross-border payment solutions.

The ALT5 Settlement Platform:

JanOne's ALT5 Settlement Platform is a groundbreaking service targeting the Global Digital Content Creation Market, estimated to be worth $27.3 billion in 2023 and projected to grow at a compound annual growth rate (CAGR) of 13.3% from 2023 to 2030 [1]. The platform allows digital platforms to make instantaneous payments to content creators in their preferred cryptocurrency through ALT5 Settlement Platform APIs, including popular choices like Bitcoin, Ether, USDT, and USDC [1].

By utilizing ALT5 Settlement Platform, content creators can receive payments more efficiently and at a lower cost than traditional banking methods [1]. This is particularly significant for smaller payments, which can be time-consuming and costly for both content platforms and creators. Furthermore, the platform enables content creators to load a prepaid VISA card automatically with cryptocurrencies, providing them with the flexibility to shop at 130 million merchant locations worldwide or withdraw funds at 14,500 financial institutions globally [1].

JanOne's Strategic Advantage:

JanOne's focus on healthcare and fintech, coupled with its blockchain-powered technologies, positions the company well to capitalize on the growing demand for efficient cross-border payment solutions [1]. The company's experience in the fintech sector, through its subsidiary ALT5 Sigma, has enabled it to develop innovative solutions that address the needs of various industries, including digital content creation.

Conclusion:

JanOne's introduction of the ALT5 Settlement Platform and prepaid VISA card marks a significant milestone in bridging the gap between traditional finance and the crypto industry. With the growing market demand for efficient cross-border payment solutions, particularly in the digital content creation sector, JanOne is well-positioned to capitalize on this opportunity and contribute to the ongoing evolution of the global financial paradigm.

References:

[1] JanOne Inc. Press Release. (2024, June 11). Alt5 Sigma, a Wholly-Owned Subsidiary of Janone, Launches ALT5 Settlement Platform. Retrieved from https://ir.janone.com/news-events/press-releases/detail/70/alt5-sigma-a-wholly-owned-subsidiary-of-janone-launches