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Tag: non-fungible token

  • From Boch, with love: Philanthropist provides life-saving donation to Salem family

    From Boch, with love: Philanthropist provides life-saving donation to Salem family

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    SALEM — A collapsed nonprofit organization denying a local family access to thousands of dollars in medication support has been rectified by self-described “businessman and philanthropist” Ernie Boch Jr.

    Boch, a billionaire and CEO of Subaru of New England, made a life-saving donation of $11,000 to Donna and Charles Sinclair at their home Wednesday morning.

    The donation is a response to the recent abrupt closure of the National Foundation for Transplants, a nonprofit organization that collected and distributed funds for households to get by after an organ transplant.

    In Donna Sinclair’s case, the story begins with a Stage 4 diagnosis of Chronic Obstructive Pulmonary Disease that led to a double lung transplant in 2018. Five years later, she’s healthy in part because of anti-rejection medication that she’ll take for the rest of her life.

    “If I miss two doses of my anti-rejection medicine, and I take it twice a day, I could be in trouble,” she said.

    Enter the National Foundation for Transplants, a nonprofit Tennessee organization that supported transplant recipients and their households.

    “Over the years, we have achieved remarkable milestones,” an April announcement from the organization reads. “Together, we have raised $98 million, including $84 million through peer-to-peer fundraising efforts and impacting more than 6,400 individuals. This noteworthy achievement speaks volumes about the generosity and compassion of our community.

    “In the last decade, we have welcomed 380 new individuals each year, extending our reach and impact nationwide,” the announcement continued. “During this time, we have also provided an average of $2 million in grants annually to help alleviate the financial burden of transplant-related expenses.”

    The organization’s April 8 announcement, however, was to inform the world that the organization was shutting down: “After 41 years of dedicated service, the National Foundation for Transplants (NFT) announces that it will cease operations.”

    The Sinclair household had raised about $30,000 through the organization, a critical financial resource to cover the cost of housing, medications, and other aspects of life that are traditionally taken for granted until life is upheaved by a major surgery.

    “We started with 30 left, had 11 left. The first few months, NFT would pay for the rent, the utilities… so that took a big chunk of it, like $7,000,” Donna Sinclair said. “Then the rest was medication, parking, going into Boston.”

    Over the span of five years, the household saved about $10,000 in spending on medication. Then, an attempt to get medication in April was denied on NFT’s end, according to Charles Sinclair.

    “They said, ‘they stopped paying April 9,’” he said. “When they told everybody ‘you had until the end of the month to put in for any reimbursements,’ they just shut down.”

    With NFT’s shutdown, the household abruptly lost access to $11,000 it had raised and needed immediate access to. The closure of the organization and following volley of questions it received about accessing funds led NFT to publish an FAQ that begins, “no individual donor or patient has a property interest in donations made to NFT.”

    “All contributions made to National Foundation for Transplants were made to it as a nonprofit entity,” the FAQ reads. “Neither you nor any donor has personal ownership or financial accounts with NFT.

    “All contributions were received for NFT’s discretionary use to support it’s mission. In this way, we have been able to help as many transplant patients and their families as we could ever hope to be able.”

    The situation came as a complete shock to the Sinclair family, which immediately started broadcasting their plight through local and social media. Along the way, a post about the situation from Fox25 crossed Boch’s cellphone.

    “I couldn’t believe it. I didn’t think it was possible for a 501©(3)… a legit 501©(3) to do that,” he said Wednesday, while standing in the Sinclair’s home. “You can’t raise money and then retain the money. It’s just wrong.”

    In response, Boch presented a check for $11,000.

    “The reason I did this was because the story was so compelling and so outrageous that something like that would happen,” he said. “It just hit me. It just moved me. I have a 501©(3) myself, and with all the rules and regulations, it’s unbelievable that this could happen.”

    The family, impressed by the donation and thanking Boch profusely, is still in need of support. With the average life expectancy of a double-lung transplant recipient being five years, the future could still present further hardship. To help, visit tinyurl.com/y6zpnjc8.

    Contact Dustin Luca at 978-338-2523 or DLuca@salemnews.com. Follow him at facebook.com/dustinluca or on Twitter @DustinLucaSN.

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    By Dustin Luca | Staff Writer

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  • The Flash Movie Trainwreck Reaches A New Low With NFTs

    The Flash Movie Trainwreck Reaches A New Low With NFTs

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    Image: Warner Bros.

    The Flash has been a disaster for DC and Warner Bros. The Ezra Miller-led superhero film is securing a record as one of the biggest box office flops in the business. There are a lot of factors that led us to that point, but Warner Bros. attempts to get any money out of the film before the DC cinematic universe reboots once more have reached a new low: the blockchain.

    Warner Bros. Digital Collectibles, the company’s official NFT/Web3 branch, posted today that it’s rolling out The Flash Web3 Movie Experience, which is the first “new” movie to be released on WB’s blockchain nonsense service after it released similar “experiences’’ for older films like The Lord of the Rings: The Fellowship of the Ring and the 1978 Superman film. The limited edition Flash experience includes weird interactive environments you can swipe around on your phone based on locations from the movie, as well as digital collectibles like cards and models. Packaged into the whole deal is a digital copy of the film, access to bonus features, and all the normal shit you’d expect from buying a movie through a digital service.

    None of these things are inherently objectionable, but when it’s all tied into a manufactured scarcity based on a market that has already come and gone, it reeks of desperation to get any return on a movie that has bombed in the usual markets.

    There are a lot of reasons for The Flash taking a nosedive. On top of Miller’s frequent controversies and actual crimes, DC has already announced it’s rebooting its film universe again under The Suicide Squad developer James Gunn, and is still releasing a movie in a defunct continuity. It also sounds like the movie is just not that spectacular, and fans have had a pretty good live-action Flash series for almost a decade. I think we’re just good on the scarlet speedster these days, and given everything else, people just didn’t show up. And I’d be very, very surprised if a Web3 experience changes that.

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    Kenneth Shepard

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  • Sega Bins Blockchain Plans, Calls F2P Games ‘Boring’

    Sega Bins Blockchain Plans, Calls F2P Games ‘Boring’

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    In April 2021, at the height of Web 3 Mania, Sega was one of the biggest companies to pledge its future to the scam that was “play to earn”. Now, just two years later and after the ass has completely fallen out of that market, Sega has had a change of heart.

    As we wrote at the time, in a story with the headline ‘Sega Wants To Sell NFTs, Can Fuck Right Off’:

    Sega Japan announced earlier today that it will be getting into the NFT business, partnering with (and buying a stake in) a company called Double Jump Tokyo, with plans to not only sell character-related tokens, but NFTs in future games as well.

    The announcement is thin on details, but as Pocket Gamer reports, Sega hopes this “will be the start of a sequential expansion into a variety of content, including IPs currently in development and new IPs to be released in the future.”

    Those plans are now mostly done for. In an interview with Bloomberg, Sega’s co-Chief Operating Officer Shuji Utsumi has said the company will now “withhold its biggest franchises from third-party blockchain gaming projects to avoid devaluing its content”, and will also be shelving plans to develop its own games in that genre at least for now”.

    “We’re looking into whether this technology is really going to take off in this industry, after all”, Utsumi told the site, adding that while its “biggest franchises” are off the table, “lesser known” properties like Three Kingdoms and Virtua Fighter will still be seeing some NFT tie-ins, albeit from third-party providers.

    His best quote, however, is where he bluntly says “The action in play-to-earn games is boring. What’s the point if games are no fun?” My guy, we were telling you that in 2021, glad you finally came around.

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    Luke Plunkett

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  • It Is June 2023 And EA Wants To Add NFTs To FIFA & Madden

    It Is June 2023 And EA Wants To Add NFTs To FIFA & Madden

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    EA Sports and Nike announced yesterday that, at some point in the “future”, games like FIFA and Madden will feature integration with .Swoosh, which Nike describes as its “new digital community experience”.

    What does that even mean? It’s an NFT (non-fungible token) platform, a crypto-adjacent scam that blew up in 2021 then crashed hard in 2022, a rise-and-fall that is perhaps best illustrated with this graphic:

    NFTs fuckin suck yo

    Despite this, and a wider public reaction to the concept that landed somewhere between ambivalence and condemnation, there are still some companies willing to stick it out. Partly because they’ve got one eye on the future, and also maybe because they signed a bunch of contracts in 2021 and now have to see them through.

    This deal in particular is described as:

    Nike Virtual Studios and EA SPORTS are today announcing a new partnership aimed at enhancing and personalizing the virtual sports experience for fans all over the world. This collaboration brings together two of the biggest names in sport and entertainment and will lead to all new ways for members of .SWOOSH, Nike’s new digital community experience, and EA SPORTS fans to express their personal style through play.

    What’s funniest about the announcement, perhaps, is that even Nike and EA are embarrassed by (or intentionally obfuscating, you pick!) the truth, which is why you won’t find mention of the term NFT in the news, or even a reference to Web3. Instead EA simply says the partnership will make “.SWOOSH virtual creations available allowing members and players unique new opportunities for self-expression and creativity through sport and style.”

    EA Sports games offer that already, of course, sometimes in the form of free unlocks, others that you have to pay for using in-game (or real-world) currency.

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    Luke Plunkett

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  • How NFTs Work — and How They Could Prove Profitable for Your Business

    How NFTs Work — and How They Could Prove Profitable for Your Business

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    Opinions expressed by Entrepreneur contributors are their own.

    2022 was an interesting year for NFTs (non-fungible tokens), to say the least. This was the year that saw public knowledge of NFTs go beyond Bitcoin and other cryptocurrencies to the field of digital collectibles, such as art and photographs.

    But while buying art and other collectibles may be getting most of the attention from the general public, they result in some of the more practical (and profitable) business applications getting overlooked. In reality, NFTs can have a variety of practical applications that help organizations achieve their existing business goals.

    First things first: How do NFTs work?

    NFTs are is cryptographic assets that are based on blockchain technology. The non-fungible aspect is important, as it gives NFTs distinctive properties that mean they cannot be replaced or replicated. They are unique, and can’t be manipulated or forged. Most often, we see NFTs in connection with digital assets, such as art, sports cards, games and other collectibles, where the blockchain provides a certificate of authenticity.

    NFTs can be bought and sold on the market, with pricing based on market demand, just like a physical product. However, the unique data that is part of the NFT makes it easy to validate ownership and verify the authenticity of the token.

    NFTs are also used to represent ownership details, memberships and more — and these varied use cases have proven key to business applications.

    Related: Here’s a Beginner’s Guide to Crypto, NFTs, and the Metaverse

    Linking digital tokens to physical benefits

    One key to generating business growth via NFTs is linking the tokens to a physical, real-world product or experience. As the report Brands in Web3 Q3 2022 by NFT Tech highlights, fashion brand Tiffany & Co. was able to turn NFTs into a set of exclusive physical goods. The company partnered with CryptoPunks to create an exclusive line of 250 “NFTiffs” pendants. Priced for 30 ETH (roughly $50,000 at the time), the unique pendants sold out in 22 minutes.

    Another example comes from the Australian Open. In 2022, the Australian Open launched a highly successful metaverse initiative of minting AO Art Ball NFTs that linked to data from live matches. This was paired with virtually hosting the Australian Open in a 3D virtual reality platform to provide an unprecedented level of access to one of tennis’s largest events.

    While the initial launch was successful in and of itself, the Australian Open’s commitment to this NFT initiative is poised to be even greater in 2023, with the announcement that holders of each Art Ball NFT will receive two complimentary seven-day Ground Passes to AO23’s finals week. Art Ball holders also gain access to additional exclusive experiences, such as streams and viewing suites through the “SuperSight” fan experience and access to other United Cup matches.

    With both Tiffany & Co. and the Australian Open, linking NFTs to real-world products or experiences proved to be a highly successful method for deepening relationships with their target audience.

    In addition, when NFTs are used in this way, they invite mass market participation, turning fans into financially-incentivized brand ambassadors who enjoy a high level of utility — and of course, can seamlessly trade their digital assets for real-world cash.

    Related: Putting the Intangible Into Your NFT Project

    Reaching new demographics

    NFTs don’t just help brands strengthen relationships with their existing customers — quite often, they can prove key to reaching a new audience entirely.

    Case in point: For quite some time, clothing brand Polo Ralph Lauren has seen its primary customer base largely concentrated among older adults, while younger demographics like millennials and Gen Z have been less interested in the clothing brand.

    In 2021 and 2022, however, Ralph Lauren made a full-fledged commitment to digital initiatives such as NFTs and the metaverse. These included launching a “phygital” fashion collection in Fortnite, as well as an exclusive digital clothing connection through the game Roblox.

    These digitally-focused efforts were a major success for the brand. As reported by Vogue Business, Polo Ralph Lauren saw its third-quarter revenue increase by 27% after the launch of its Roblox collection — with that growth largely driven by a 58% increase in the acquisition of new digital customers.

    In this case, strategic implementation of digital assets allowed Ralph Lauren to reach a younger target demographic in metaverse-style spaces where they would have the greatest appeal and potential impact.

    When done right, NFT initiatives can help revive sales and reinvigorate a brand’s image, making it more relevant and appealing in today’s competitive market.

    Using NFTs wisely for your business goals

    As these examples illustrate, the potential use cases for NFTs go well beyond selling digital art. With a strategic approach, businesses can use NFTs to find new ways to engage with younger, more tech-oriented demographics. NFT-based projects can help position your company as an innovator at the forefront of disrupting the marketplace.

    That being said, any business investment in NFTs should be done strategically. Major NFT failures in 2022 garnered a lot of media attention, and should serve as a powerful reminder for businesses as they enter this space. All investments in NFT should be done with the interests of the end customer in mind.

    When you focus on how your target audience could realistically benefit from your use of NFTs, you will be able to identify strategies that have true staying power, and that will build greater rapport between your brand and its most tech-savvy customers.

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    Lucas Miller

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  • Hyped Mystery Square Enix Game Turns Out To Be NFT Junk

    Hyped Mystery Square Enix Game Turns Out To Be NFT Junk

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    The logo for Square Enix's new NFT project "Symbiogenesis"

    Image: Square Enix

    While several big gaming companies have flirted with the idea of non-fungible tokens, none has embraced the crypto scam with as much blind confidence as Square Enix. Now the Final Fantasy maker has finally revealed its first NFT stunt, Symbiogenesis, crushing fan hopes that the previously leaked name was actually for a long-awaited resurrection of cult-hit horror RPG Parasite Eve.

    “NFT Collectible Art Project SYMBIOGENESIS Untangle the Story Spring 2023,” Square Enix tweeted on Thursday. A short teaser revealed the logo art alongside some upbeat electronic jazz. Announced at the Web3 Conclave event at India’s Game Developers Conference, Symbiogenesis will be hosted on the Ethereum blockchain and allegedly tell a story about characters whose art players can own as NFTs.

    “The art can be used for social media profile pictures (PFP) and as a character in a story that takes place in an alternate world where the player can ’untangle’ a mystery by completing missions that revolve around questions of the monopolization and distribution of resources,” a press release reads. You can’t make this up.

    While the beloved JRPG publisher’s crypto ambitions are nothing new—the company announced a Cloud Strife NFT as an expensive collectible add-on earlier this year—the Symbiogenesis reveal is hitting some fans especially hard because they thought the name hinted at the return of Parasite Eve. The RPG thriller literally revolves around the symbiosis of a parasite and its host, and despite a brilliant PS1 game and decent sequel, the series has been dormant since The 3rd Birthday on the PSP back in 2010.

    Today’s Square Enix tweet has already been roundly ratio’d, with Parasite Eve fans collectively shaking their heads in disbelief. But will it cause the publisher to finally revaluate its plans and put the NFT cringe pipeline on hold? Who can say. Square Enix is clearly having an identity crisis of sorts at the moment.

    This year it sold sold its American studios behind Deus Ex and Tomb Raider, told investors it was open to partial buyouts of its other studios, and flooded the market with a ton of JRPG sequels, remakes, and remasters, while barely giving any of them time to breathe or, apparently, a marketing budget. And now: Symbiogenesis.

          

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    Ethan Gach

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  • BetOnline Becomes First Casino and Sportsbook Company to Accept BAYC ApeCoin for Transactions

    BetOnline Becomes First Casino and Sportsbook Company to Accept BAYC ApeCoin for Transactions

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    Global Gaming Operator Adds Bored Ape Yacht Club Crypto Coin for Deposits and Withdrawals

    Press Release



    updated: Mar 18, 2022

    BetOnline.ag, one of the world’s largest online sports betting, poker and casino platforms, became the first gaming operator to add ApeCoin to its approved cryptocurrency processing list, the company announced today via the Odds PR agency.

    ApeCoin ($APE) began trading on crypto exchanges Thursday, March 17, after months of hype and speculation behind the ERC-20 token created by Yuga Labs, which is the parent company of the popular NFT project, Bored Ape Yacht Club.

    BetOnline, which publicly announced its entry into the NFT market in February after purchasing Bored Ape #320 for $375,000 during Super Bowl week, was an early adopter of cryptocurrency. The website first began accepting Bitcoin for transactions in 2010.

    “We got in early on Bitcoin because we are confident blockchain is the future of global currency,” BetOnline CEO Eddie Robbins III said. “And now, it’s incredibly exciting to start adding NFTs to our asset vault and be the first in our industry to accept ApeCoin. We’re bullish on the world of Web3, and we’re eager to build and strengthen our partnerships and promotions in this space.”

    Outside of Bitcoin, BetOnline.ag accepts more than a dozen altcoins for deposits and withdrawals on its platform, including Ethereum, Dogecoin, Avalanche, Cardano, Polygon, Solana and USDC. 

    BetOnline is widely respected by crypto communities for processing perks such as zero transaction fees, high-level security and instantaneous deposits and withdrawals. Clients have access to crypto deposit limits up to $500,000, which is the highest in the gaming industry.

    “We’ve established ourselves as the go-to sportsbook, poker and casino platform for crypto players who want the best gaming experience that is guaranteed by anonymity and transparency,” Robbins said. “The security of our customers has been, and will always be, the top priority at BetOnline.”

    An Etherscan transaction from Thursday morning shows that the company’s ENS domain and crypto wallet, betonline-ag.eth, claimed 10,094 APE tokens. A spokesperson said the company has no intention of selling its ApeCoin.

    For March Madness, BetOnline is currently offering a 110% matching bonus for new customers depositing with cryptocurrency and a 45% deposit bonus for existing customers.

    About BetOnline.ag

    Established in 1991, BetOnline (www.betonline.ag) has become a worldwide leader in providing safe, legal and secure online gaming. The company’s guiding principle is to establish long-lasting, positive relationships with its customers and within the gaming community. BetOnline features the most innovative technology and online gaming solutions for its sportsbook, poker, casino and horse racing clients.

    Contact

    Joshua Barton

    Odds PR

    josh@oddspr.com

    Source: BetOnline

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  • New Monkey Charity-Focused NFT Community Partners With Leading Environmental Advocacy Group

    New Monkey Charity-Focused NFT Community Partners With Leading Environmental Advocacy Group

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    Conservation NFT Launch: Tiki Monkeys Partners With Paso Pacifico for Monkey Conservation in El Salvador and Throughout Central America

    Press Release


    Mar 14, 2022

    For this up and coming Earth Day, April 22, 2022, Tiki Monkeys, a new monkey charity-focused NFT (Non-Fungible Token) community, is going to start minting 10,000 unique art NFTs and donate 20 percent of the proceeds directly to Paso Pacifico, a nonprofit working to protect critically endangered monkeys in El Salvador and throughout Central America.

    Tiki Monkeys, a new NFT community, is partnering with Paso Pacifico.

    The Tiki Monkeys believes in using art to connect, increase awareness, and inspire people to build a community that together will drive improvements in conservation of monkeys. 

    The Presale will begin March 22 and 50 percent of the 300 NFT proceeds will go to Paso Pacifico to help with the conservation of monkeys. The Public Release will be on Earth Day, April 22, where there will be a collection of 10,000 randomly generated Tiki Monkeys NFTs. 20 percent of the proceeds will be donated to Paso Pacifico. Additionally, 3 percent of secondary market sales will be donated to Paso Pacifico in perpetuity.

    The Tiki Monkeys NFT project was created by Karl Post, a crypto fanatic since 2017. With 30 plus years of software development experience, he decided to put purpose behind the NFT movement and help drive change by connecting with Paso Pacifico to help with the charity efforts they are doing in El Salvador and throughout Central America.

    “The launch of Tiki Monkeys supporting this charity is the only way we could imagine joining the NFT community. It’s important that we’re transparent and communicative with how we’re supporting monkey conservation, so we couldn’t be happier that we’re donating proceeds from our mint directly to Paso Pacifico,” says Post, Tiki Monkeys Creator.

    About Tiki Monkeys: Tiki Monkeys is a friendly NFT community focused on helping monkey conservation charities. We believe huge movements are made up of tiny steps. With the support of the Tiki Monkeys community, we will help drive change in how NFTs can make a difference.

    For more information, visit https://www.tikimonkeys.com and follow Tiki Monkeys here:

    About Paso Pacifico: Paso Pacifico has worked since 2005 to protect spider monkeys, sea turtles, and other species with broad habitat needs in Central America. Its mission is to protect biodiversity where people already live, and to involve and empower local people. Their holistic, forward-looking methods incorporate science to help nature and people thrive together. Their programs have planted over 1 million trees, released over 100,000 sea turtles, increased the local populations of spider monkeys and other critically endangered species, helped start dozens of local eco-businesses, and taught over 1,000 children to help save the planet.

    For more information, visit www.pasopacifico.org and follow Paso Pacifico here:

    Media Contact: Karl Post / karl.post@TikiMonkeys.com

    Source: Tiki Monkeys

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  • Bankers NFT Drop Rated a Must-Have for Metaverse Collectors by Crypto.co

    Bankers NFT Drop Rated a Must-Have for Metaverse Collectors by Crypto.co

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    The collection gives holder free access to lending and borrowing protocol and 50% more profit back on yields

    Press Release


    Jan 25, 2022

    Unbanked, a global fintech provider that connects traditional enterprise and banking systems with blockchain, today announced that the company’s upcoming Bankers NFT drop has been named a “must-have for metaverse collectors” by leading blockchain analyst website, Crypto.co. 

    Unbanked’s Bankers NFT was created by renowned NFT artist, Antoine Mingo, creator of the highly-popular Pudgy Penguins project, and is expected to drop on January 31, 2022. But this project goes far beyond where well-known NFTs like Bored Apes and Crypto Punks have dared to go; the Bankers NFT gives holders free access to Unbanked’s upcoming lending and borrowing protocol, as well as 20% more profit than the general public when using the company’s Unbanked Yield product. 

    The article states, “The Bankers NFT will be a must-have for metaverse collectors. By combining a well-known artist, with digital scarcity, utility, and community, this drop is poised to be a must-watch for many in the NFT community.”

    Unbanked Co-CEO, Ian Kane, said, “We are so proud to receive this recognition from Crypto.co. The entire Unbanked team has worked so hard to deliver this product and raise awareness over the last few months.” 

    Kane continued, “We aren’t just trying to build something that looks good, but something that has practical functionality in the real world for our customers who are interested in crypto, DeFi, and great financial control.”

    The Bankers NFT drop will go live on January 31, 2022, at 12 p.m. ET. The release will be conducted like a dutch auction where the price starts at $800 and will continue to drop $50 every 30 minutes until all Bankers are sold out or a floor price of $200 in ETH is reached. Once the public sale is live, any Bankers left over after 72 hours will be burned – reducing the total supply.

    How to Buy a Banker:

    1. Purchase ETH (Ethereum) on a fiat-to-crypto exchange like Coinbase or Binance.
    2. Download and install Meta Mask in your web browser
    3. Send your ETH from Coinbase to your MetaMask wallet address
    4. Visit the “Minting” URL on the Bankers webpage on drop day (Jan 31)
    5. Connect your Metamask wallet, select the number of Bankers you want, and click “mint” 

    If you have questions, you can visit the Bankers NFT Discord channel.  You can learn more about Unbanked Bankers NFT drop on their website here

    About Unbanked

    Unbanked is a global fintech solution built on blockchain. Predicated on the ethos that financial access and control is a fundamental human right, Unbanked connects traditional enterprise, fintech, and banking systems with blockchain infrastructure, expanding the utility of cryptocurrency for investing and everyday purchases. The company has a suite of highly bespoke financial products which enable both the banked, unbanked, and underbanked to create a financial experience as unique as the life they live.  

    You can learn more about Unbanked at unbanked.com or by following them on Facebook (facebook.com/unbankedhq), Twitter (@unbankedhq), Linkedin (linkedin.com/company/unbankedhq), and Instagram (@unbankedhq).

    Contact

    marketing@unbanked.com

    Source: Unbanked.com

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