$SURG has multiple products you should be aware of
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SurgePays (Blockchain SaaS): The goal of the SurgePays Portal is to provide every Fintech and Telecom product available to convenient stores, corner markets, bodegas, and supermarkets. These products include everything from our own technology products such as SurgePhone Androids, SurgePhone Wireless Service, Wireless Top-ups, Bill Payments, Pinless LD, Money Remittance, Money Orders and Reloadable MasterCard/Visa/Discover debit load cards to distributing partner company’s consumables such as energy drinks, CBD oils, and snacks etc.
Surge Mining: Surge Cryptocurrency strategically mines Ethereum, Litecoin and cryptocurrencies. The Company’s mining operation consists of 136 machines pooled together with other machines in a mining pool to maximize the processing power and yields. This operation is does not require any Surge human capital and runs 24/7. The goal for this subsidiary is to hold Bitcoin, Litecoin, Ripple and Stellar as digital assets with the expectation of future appreciation.
SurgePays Visa: SurgePays Visa is targeted for a Q42018-Q1-2019 launch. This card will perform the functions of a traditional credit card and also a checking account for the unbanked or credit challenged. The SurgePays card will offer safety, security and convenience of using the card anywhere that accepts Visa. Customers will be able to access their accounts from the connected app to remit money to friends and relatives while avoiding costly fees. In addition, customers will also be able to take a picture of their paycheck and load the cash to their cards (eliminating costly check cashing fees).
On top of that, SURG just released huge news regarding their Surge Blockchain launching an ERC-20 Surge Utility Token on the Ethereum Network:
SURGE BLOCKCHAIN TO LAUNCH SURGE UTILITY TOKEN ON ETHEREUM NETWORK
Las Vegas, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Surge Holdings, Inc. (OTCQB:SURG), announced today that its wholly-owned software and technology subsidiary, Surge Blockchain, has completed development of the ERC-20 Surge Utility Token and has made available free tokens to all who sign up at www. surgetoken .com before the December 15 launch.
The Surge Token is an ERC20 compliant blockchain asset that can have value, be stored in a wallet, used for transactions and can be sent and received, like Bitcoin, Litecoin, Ethereum, or any other digital asset.
“The technology we’ve developed is soup to nuts, from the issuance of the reward tokens to requests for redemption to transmitting our ERC-20 token to Ethereum.” Stated Chief Technology Officer, John Mott.
Tokens will be earned through purchases of Surge products and services or through incentivized activities such as automatic paycheck deposits to the SurgePays Debit Card or paying certain SurgePhone Wireless combo specials. Tokens can be redeemed for rewards and or stored in digital wallets.
The difference between Surge Tokens and standalone currencies like Bitcoin and Litecoin is that the Surge Token will piggyback on the Ethereum network, hosted by Ethereum addresses and sent using Ethereum transactions from a smart contract.
Surge Holdings Inc. CEO Brian Cox said “The underlying principle to the Surge business model is to drive revenue by bringing products and services to those who might otherwise not have access to them. This fits perfectly into our overall strategic plan for customer loyalty, enhancing the Surge ecosystem and overall corporate valuation.”
Cox further stated, “By using the Surge Utility Token for loyalty rewards, we will be enabling the 51% of the subprime market to participate in Digital Assets – the future.”
Additionally, the software system has been designed as a white label token/rewards system so that Surge can offer this technology and software to other companies seeking a turnkey solution for ERC-20 tokens.
The Surge Utility Token rewards system is slated to launch December 15, 2018.
Full PR: https: //globenewswire .com/news-release/2018/11/14/1651280/0/en/SURGE-BLOCKCHAIN-TO-LAUNCH-SURGE-UTILITY-TOKEN-ON-ETHEREUM-NETWORK.html
SurgePays Inc. (SURGD) Stock Research Links
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