Category: Press Releases

WM provides details of some top-level considerations for creating a Global Exchange and Digital Currency in the USD 10 000+ Trillion Per Annum Transactions Markets – where it is a potential sector-influencer, why its valuation is only USD 224 Billion, and why its revaluation to include its reconfigured TUV Digital Currency will be just as conservative

ST PETER PORT, Guernsey and NEW YORK, Oct. 11, 2021 (GLOBE NEWSWIRE) — In response to multiple queries received, Global telephony Provider Webtel.mobi (“WM”) provides top-level comment on some of the strategic considerations taken into account when developing a Global Exchange Mechanism and Globally-Operational Digital Currency. A summary of these considerations is as follows:

Understand the Structure of the Global Financial and Economic Systems
The execution-level of the Global Financial and Economic Systems is extremely fractured, but its top-level is not. It is well coordinated at the top-level by a variety of international organizations. Knowledge of the top-level coordinating structures and the volumes in these systems will dispel much of the superfluous discussion that takes place regarding alternative or reform structures and processes. Some examples are:

• Cryptocurrencies that derive their value from applying Artificial Scarcity through limitation of coins volumes will only ever have maximum value within their systems of USD 1 Trillion to 1.5 Trillion. However, just global FX Gross Payment Obligations exceed USD 18.7 Trillion per day (X 260 = USD 4 862 Trillion per annum) – and this is just one of over 10 markets with daily volumes in the USD multi-Trillions. Cryptocurrencies therefore cannot provide an alternative to the current system from a volume perspective (details of the USD 18.7 Trillion per day FX Market Gross Payment are in the Resources section of this article).
• Discussions on proposed CBDCs disregard that the majority of all Central Bank Money is already Digital Currency. They also disregard that all Central Banks coordinate their actions under the auspices of the Basel Committee on Banking Supervision, so they do not pose threats to one another. There is therefore, in reality, no “Digital Dollar” versus “Digital Yuan” threat, or “race” to develop a CBDC (see details in the Resources).

Uninformed debate on these matters should be replaced with informed discussion and clear identification of what is being sought. What is being sought is global digitalization of all currency for both national and international utilization, in a seamless manner, that sees to multicurrency transference, payment, convertibility and redemption – via a functioning global exchange mechanism facilitating any transaction type to, in, or from any country, for States, Organizations, Companies or individuals, that replaces current digital and cash transactions – without destabilizing national economies or the global economy. This is what WM has created.

Attendance to Geopolitical and Geostrategic requirements takes precedence
Development of a globally usable Digital Currency gives access to astronomically large volumes of global market transactions. However, it simultaneously requires attendance to a correspondingly astronomically large number of requirements and responsibilities for the insurance of international stability. This requires satisfactory structuring of Geopolitical, Geostrategic requirements before one attends to the legal, regulatory, economic, financial, commercial, and technical requirements (which are also extraordinarily large in number and scope). This is one of the reasons that WM took nine years to complete its full operational testing to ensure these matters had been satisfactorily attended to.

Adopt an “Evolution not Revolution” approach
The current Global Financial System has multiple inefficiencies and deficiencies – but it nevertheless functions. It is moreover essential that it continues to function until an orderly transition to another system takes place – because if it does not, global anarchy and chaos will result. Merely calling for the current System’s dissolution without offering a functioning viable alternative serves no purpose. Therefore, it is better to examine and understand the causes of the current System’s negative and/or inefficient aspects, and then try to reform them in an evolutionary manner. This is what WM has done with the creation of its fully operational Global Financial System that operates in parallel to the existing system without destabilizing it. This provides for an orderly and voluntary transition to its use – on an elective basis – and does not introduce systemic stress.

Apply a 21^st Century Mindset, Structures and Processes
The current Global Financial and Economic Systems functions according to a mindset based on the world as it was structured in (primarily) the 17^th to 20^th centuries – but primarily in the 19^th Century. Moreover, the systems and processes it runs on are 20^th Century systems and processes. However, this is the 21^st century – and the 19th Century mindset and 20^th Century systems and processes simply cannot cope. The problem is they literally cannot be stopped to be rebuilt or restructured. These Systems are like a person on a perpetual-motion treadmill. If the person stops running, he/she will fall. Similarly, if any of the legs of the prevailing Systems are stopped to rebuild or to be restructured, the entire system will fall. These Systems literally cannot stop – and so their existing structures cannot be reformed. This is one of the reasons why WM kept its user-group limited during its nine years of fully-operational testing – precisely so it would be able to shut down its platform 1 to be able to rebuild its Platform 2. With too many Members, it would simply not have been possible for WM to shut Platform 1 down due to legal and regulatory considerations, ongoing financial transactions of businesses and individual members, etc. However, due to its strategic decision, WM was able to shut down its Platform 1 and rebuild its Platform 2 to be completely optimized for 21^st Century requirements.

Align with Regulation and Regulators
Often, Regulatory Regimes and Regulators are regarded as situations or entities to be avoided. The polar opposite is the case. A company must always sit firmly within an identified and confirmed sector and its identified and confirmed regulatory requirements – which it should stay within and not stray outside of. Similarly, close contact should be kept with all relevant Regulatory Agencies. They have decades of experience in ensuring market stability, and their experience is invaluable in assisting companies with advice and guidance. They are not opponents – they are a company’s greatest allies in advising against predictable issues before they arise. This is the approach WM has always followed.

Reduce potential corporate vulnerabilities
Provision of such essential services must be carried out from a sustainable and robust base, so there is no threat to the continuation of the essential services being provided. On a technical and operational level, WM ensured it is in a situation of zero-debt, decentralization of infrastructure to ensure continued operations in all circumstances, reduction of infrastructure and personnel requirements due to the use of a Complex Adaptive System for the majority of its operational, security and administration functions. On a corporate structure level, WM ensured it had no large corporate or institutional shareholders – being funded in totality by its founders and a small group of under 300 private shareholders. It also did not list on any Stock Exchange – despite obtaining eligibility to list on the main board of one of the world’s Top 5 Stock Exchanges in 2011. This is because the large Stock Exchanges are private companies, owned by companies that WM would potentially partially or fully disintermediate in respect of some of their other commercial operations. It would consequently be risky to be listed on an Exchange owned by them. Instead, WM has its own “Share Swap” Facility on its Platform, on which its shareholders and all qualified Members of WM can buy and sell WM shares among each other within an internal and non-public Members-Only Closed Loop system, as supervised by its Resident Agent firm. Therefore, WM’s corporate vulnerabilities have all been mitigated or removed.

Adopt a neutral and non-aligned position both Geopolitical and Commercial perspectives
As WM’s service-provision is to all countries, in all currencies, for all transactions, it has adopted a completely neutral and non-aligned Geopolitical approach regarding all its activities (subject to adherence to all international rules and laws accepted and applied by Guernsey – which includes UK, EU, USA and other guidance and resolutions in respect of sanctions). Similarly, as WM is a System not a product, and the majority of companies worldwide can use its services, it adopts a similarly non-aligned and neutral stance towards all companies – subject again to relevant rules, laws and sanctions lists.

Know and acknowledge your limits, and constantly implement Confidence-Building measures
From Standard Oil Company in the USA to Yukos in the Russian Federation – and for time immemorial – the graveyards of commercial history are littered with the bodies of commercial entities that did not understand or acknowledge the limits of their powers, and tried to take on or defy States. No matter its power or capacity, a company is not a State, and should never overstep its boundaries and try to act like – or defy / take on – a State. Due to the scope and reach of WM’s System – and the transactions volumes it has access to – its requirements and considerations far surpass commercial considerations only, and include the requirements to practice Statecraft. However, at the same time, WM knows and acknowledges its limits, and stays within them. WM also underwent 30+ due diligences in multiple countries internationally, had the Levy Economics Institute thoroughly review the system, and has – through these confidence-building measures – demonstrated its capacities, its regulatory compliance and its restraint worldwide.

Be extremely conservative with pricing and corresponding valuations
It is an unprecedented situation where a company has a System that can provide sector-influencing services globally to, and in, all the world’s largest volume transactions markets – with transaction volumes in excess of USD 10 000+ Trillion per annum – simultaneously and with no immediate competitors. Additionally, due to WM being powered by its Artificial Intelligence Complex Adaptive System, its costs are virtually zero, and its revenue is virtually all net. Therefore, if it applied standard fees in percentage points, its revenues would comprise a significant proportion of global money supply. However, because that situation would be unreasonable – and because WM was built primarily as a reforming structure not a commercial structure – it provides its services at either zero cost or ultra-low cost. Similarly, its previous valuation by a leading global consultancy that valued WM at USD 224 Billion was carried out using extremely conservative workings based on penetrations and earnings on fractions of a percent – in order to overwhelmingly err on the side of caution and conservatism. Even its current revaluation – to include its TUV Global Digital Currency that can be used for all transactions types in digital or cash-replacement format, in all currencies and all countries worldwide – will similarly be carried out with the same extreme and overwhelming conservatism to keep the valuation within acceptable limits.

These represent some of the top-level considerations that were attended to by WM – and which must be attended to by any entity – if providing – or contemplating entry into a situation where one seeks to provide –Services in extremely large-volume and complex markets Global Markets that have the potential to impact on all countries and people.

Resources:

Media Contact:
Nick Lambert: wm@thoburns.com

Basel Committee on Banking Supervision:
https://www.bis.org/bcbs/membership.htm

USD 18.7 Trillion per day Gross FX Payment Obligations
https://www.bis.org/publ/qtrpdf/r_qt1912x.htm

Fate of Standard Oil Company:
https://en.wikipedia.org/wiki/Standard_Oil

Fate of Yukos:
https://en.wikipedia.org/wiki/Yukos

Research Reports on the Capacities of the WM System:
https://tinyurl.com/TUVresearch

Video on the Capacities of the WM System:
https://youtu.be/XYBrCikUhn8

WM’s urls:
https://webtel.mobi/pc (Tablets / Laptops / Desktops)
https://webtel.mobi (Smart Phones)
https://webtel.mobi/wap (Pre-Smart Mobile Phones)

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/311d9e72-ef0a-4a90-a6ab-57ad6f59755f

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

Partnership to help create untapped opportunities for the ICC to engage with its diverse and large fan base across the globe

LONDON, Oct. 11, 2021 (GLOBE NEWSWIRE) — Sportradar (NASDAQ: SRAD) (“Sportradar” or “the Company”) today announced a global partnership with the International Cricket Council (ICC), making them the Official Data Distribution and Official Betting Live Streaming Partner of the ICC. Sportradar is a leading global provider of sports betting and sports entertainment products and services, and the number one provider of business-to-business solutions to the global sports betting industry based on revenue.

Spanning 275 top-tier matches, the partnership covers eight of the ICC’s leading men’s and women’s tournaments, starting in October with the ICC Men’s T20 World Cup hosted by India in the UAE and Oman, through to the ICC Men’s Cricket World Cup in 2023, also hosted by India.

Cricket has an estimated two-and-a-half billion fans worldwide. The partnership will create more opportunities for the ICC to engage with this fan base through Sportradar’s network of 1,000 media and sports-betting clients across 80 countries.

David Lampitt, Managing Director, Sports Content and Partnerships at Sportradar said: “Cricket is among the most popular sports globally, and we see huge potential to grow its fan base still further, helping fans interact with the game on an even deeper level.

“Our partnership with the ICC is an exciting step towards engaging those new fans and, with the full breadth of our unique technology powering it, we will deliver enhanced cricket content globally – across a range of platforms.”

Finn Bradshaw, Head of Digital at ICC said: “Innovative use of sports data is one of the key pillars of our digital strategy. This partnership with Sportradar will help us grow our global cricket fanbase and deepen our engagement with it.”

Backed by the technology and specialist cricket capabilities of InteractSport (part of Sportradar), Sportradar will deploy its Cricket Live Score Plus (CLS+) data-capture tool, enabling fielding positions and actions to be plotted for the very first time. The CLS+ solution will provide deep, rich, live ball-by-ball match data to media platforms via bespoke feeds and dedicated channels, at super-low latency.

Sportradar will integrate the official ICC data into its established Premium Cricket Service (PCS), creating an enhanced provision for sportsbook operators, while the new data will also be used to power the ICC’s digital platforms, including icc-cricket.com and the official ICC mobile app.

Additionally, Sportradar’s Integrity Services will provide the ICC with bet monitoring and reporting for all 275 matches through its Universal Fraud Detection System (UFDS). UFDS uses advanced technology to scan the worldwide betting market and has a global team of integrity experts providing analysis on irregular betting patterns, with any suspicious matches subsequently reported to partners.

NOTES TO EDITORS:

The full list of competitions included in the partnership are ICC Men’s T20 World Cup 2021; ICC Men’s U19 Cricket World Cup 2022; ICC Women’s Cricket World Cup 2022; ICC Men’s T20 World Cup 2022; ICC Women’s T20 World Cup 2022; ICC World Test Championship Final 2023; ICC Men’s Cricket World Cup Qualifier 2023; ICC Men’s Cricket World Cup 2023.

About Sportradar
Sportradar, the leading global sports technology company creating immersive experiences for sports fans and bettors. Established in 2001, the company is well-positioned at the intersection of the sports, media and betting industries, providing sports federations, news media, consumer platforms and sports betting operators with a range of solutions to help grow their business. Sportradar employs more than 2,300 full time employees across 19 countries around the world. It is our commitment to excellent service, quality and reliability that makes us the trusted partner of more than 1,600 customers in over 120 countries and an official partner of the NBA, NHL, MLB, NASCAR, and FIFA. We cover more than 750,000 events annually across 83 sports. With deep industry relationships, Sportradar is not just redefining the sports fan experience; it also safeguards the sports themselves through its Integrity Services division and advocacy for an integrity-driven environment for all involved.

www.sportradar.com

Source: Sportradar Group AG

Media Contact: Sandra Lee, Global Head of Communications, Sportradar

Email: comms@sportradar.com

October 11, 2021

• Holistic, play-based coaching can help reduce use of general anesthesia [1] and lower the risk of healthcare-induced trauma in many pediatric patients who feel anxious during MRI scans
• Philips Ambient Experience solution uses augmented reality, gamification, and ‘buddy system’ techniques to engage and guide children through their entire MRI scan journey, from the home to the hospital

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the launch of Philips Pediatric Coaching, a holistic solution designed to be a less stressful experience for parents and their children undergoing MRI scans. Using gamification and ‘buddy system’ techniques to prepare children and their parents beforehand, the solution helps guide young children through the MRI procedure to significantly enhance the patient experience. Pediatric Coaching is the latest initiative launched within the Philips Ambient Experience portfolio, featuring a wide range of dedicated solutions to help enhance the experience of patient and staff.

Acquiring high quality images in pediatric MRI can be challenging for both radiologists and the child undergoing the scan. Fear of the unfamiliar environment of an MRI system can be stressful for a younger child, making them agitated and unable to lie still, which is required for good image quality. As a result, scans are often performed under sedation or general anesthesia, which according to parents, carries disadvantages such as post-scan irritability for the child and concerns of repeated anesthesia exposure [2]. Having to resort to such measures or deal with a conscious but distressed child is challenging for hospital staff, increasing procedure time and costs. By helping to empower children during an MRI scan, the Philips Pediatric Coaching solution overcomes many of these issues.

“As adults, many of us can experience anxiety and stress during an MRI exam, and this is especially true for our youngest patients. By removing factors that can trigger stress, we are enhancing the patient engagement experience for pediatric patients to help improve outcomes,” said Werner Satter, General Manager Philips Healthcare Environment and Experience Design. “With Philips Pediatric Coaching, we deploy gamification to help children better prepare for their MRI scan in a non-threatening environment at home, interacting with the same character and voice like Ollie the Elephant and friends, who also coaches them at the hospital, and can even coach them during the MRI procedure itself.”

To prepare for their MRI scan, children are provided with a gamified mobile app that familiarizes the child and their parents with an MRI procedure in a playful way. The app also introduces the child to a virtual ‘buddy’ they can role-play with to perform an MRI scan – for example, pretending to be the system operator and helping their buddy to lie still in order to get the best picture. The app also uses augmented reality to allow the child to explore the MRI system at home before entering the hospital. Many parents express a willingness to help prepare their child ahead of time, and by playing alongside their child, they can also learn more about the procedure.

When the family visits the radiology department, the same familiar virtual buddy interacts with the child as they play with Philips’ newly enhanced ‘Kitten Scanner’ – a small scale  educational scanner that allows children to scan various toy animals and view what’s inside each animal for a better understanding of the upcoming procedure. When the child has their scan, their buddy’s familiar voice and image are projected onto Philips’ Ambient Experience in-bore Connect solution, to guide the child through the scan procedure by coaching them, for example, on when and how to hold their breath. With the new Pediatric Coaching Solution, parents are reassured, and the child is empowered and well prepared, helping ensure the high-quality images needed for an accurate diagnosis of the child’s condition are captured.

Today’s announcement follows a similar child patient-centric initiative between Philips and the Walt Disney Company EMEA earlier this year to test the effects of custom-made animations, including specially-made Disney stories, within Philips’ Ambient Experience hospital environments. An overview of breakthrough innovations in pediatric imaging to help improve care for younger patients, including how to reduce pediatric patients’ fear and anxiety, is also discussed in a recent blog article by Dr. Julia Dmitrieva, KOL Engagement Leader for Precision Diagnosis at Philips.

The Philips Pediatric Coaching Solution is being launched at the 2021 International Pediatric Radiology Congress (IPR 2021), October 11 – 15, 2021, in Rome, Italy. Next to the MRI journey, Philips also plans to make its Pediatric Coaching available in other diagnostic imaging modalities such as CT. The solution will also be demonstrated in the Philips booth at the upcoming 2021 Radiological Society of North America Annual Meeting (RSNA 2021), Nov. 28 – Dec 2, 2021, in Chicago, USA.  Join Philips at RSNA 2021 where the company will spotlight its latest advanced technology driving connected workflows and smart diagnostic systems, to increase efficiency and diagnostic confidence in precision care.

[1] Rung SB, Christensen, NL, Jensen K, Jensen IbE. Children centered care: Minimizing the need for anesthesia with a multifaceted concept for MRI in children aged 4–6. European Journal of Radiology. 2018;107:183–187.
[2] Walker, B., Conklin, H. M., Anghelescu, D. L., Hall, L. P., Reddick, W. E., Ogg, R., & Jacola, L. M. (2018). Parent perspectives and preferences for strategies regarding nonsedated MRI scans in a pediatric oncology population. Supportive Care in Cancer, 26(6), 1815-1824.

For further information, please contact:

Mark Groves
Philips Global Press Office
Tel.: +31 631 639 916
E-mail: mark.groves@philips.com

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2020 sales of EUR 19.5 billion and employs approximately 82,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Attachments

• Philips Pediatric Coaching child with app
• Kitten Scanner, part of Philips Pediatric Coaching
• Philips Pediatric Coaching in-bore experience

DUBLIN, Oct. 11, 2021 (GLOBE NEWSWIRE) — Innovation Zed Ltd., developer of novel diabetes technologies (the InsulCheck range), announced further advancement in their research of technologies for non-invasive Continuous Glucose Monitoring and a new researcher to this project, Dr Rui Wu.

Innovation Zed, headquartered at NovaUCD, the Centre for New Ventures and Entrepreneurs at University College Dublin, who develop technologies to improve the health and quality of life for individuals living with diabetes, has taken another leap forward in the development of a non-invasive glucometer.

Innovation Zed has collaborated with the Irish Research Council (IRC) and University College Dublin (UCD) in advancing their research into non-invasive Continuous Glucose Monitoring (CGM) systems. As a result of this collaboration, Innovation will build on previous work with both the IRC and UCD in advancing a non-invasive multi-sensor approach to recording acute changes in the blood glucose levels of individuals living with diabetes.

“We are delighted to advance our research into a non-invasive CGM system,” said Dr Dean Minnock, CEO, Innovation Zed. “We pride ourselves on taking on the complex technological challenges with our sole aim of easing the stresses caused by diabetes, and this project is no different.” The monitoring of glucose fluctuations is a vital aspect for acute control and improved long-term health outcomes, making it a significant component in the daily life of people with diabetes. Currently, commercial Blood Glucose Meters require a finger prick whilst Continuous Glucose Meters require the insertion of a filament underneath the skin, resulting in small wounds that can be the cause of pain and infections. “There is a clear need for alternative options that are non-invasive, painless, discreet and easy to use, and this is a further step in the right direction,” he continued.

Innovation Zed has already brought to market various technologies to support multiple daily injection (MDI) insulin users with add-on technology that automatically collects essential usage data. Available under the “InsulCheck” brand, these technologies are designed to inform insulin pen users of their injection history and trends. “We have tremendous experience in designing and developing best-in-class, patient-centred products with the desire of leaving no patient behind when it comes to supporting them. Our partnership with SHL Medical has been instrumental in our ability to design, develop and bring to market these solutions,” said Dr Minnock.

Dr Rui Wu has joined this project as the lead researcher and will be bringing extensive subject knowledge and new focus to the project. “I am delighted to be involved in this project and to be working with Innovation Zed on this fascinating project,” said Dr Wu. Dr Wu has recently completed a postdoctoral research post at UCD and is supported in this project by Prof Madeleine Lowery, Head of Biomedical Engineering at UCD.

“This non-invasive glucometer project is the latest addition to several exciting projects here at Innovation Zed,” said Dr Minnock. “This is also the first of many fascinating announcements we will be making over the next 12 months. Our strategy of bringing cutting-edge diabetes management technologies to a wider audience is advancing strongly, and we are constantly improving on our portfolio of offerings”.

Media Contacts

Dean Minnock
CEO at Innovation Zed
deanm@innovationzed.com

Editors Notes

Innovation Zed designs connected health solutions that support drug adherence and Condition Management. As technologies continue to evolve, it opens new and exciting possibilities for connected healthcare to deliver increased freedom and control to patients. That is why Innovation Zed is actively developing and researching new methods to improve drug adherence and optimise treatment to enable more personalised condition management. www.innovationzed.com.

Related Images

Image 1: Innovation Zed Logo

This content was issued through the press release distribution service at Newswire.com.

Attachment

• Innovation Zed Logo

SAN DIEGO, Oct. 09, 2021 (GLOBE NEWSWIRE) — The Oligonucleotide Therapeutics Society’s 17th Annual Meeting was held virtually the second year in a row and was once again phenomenally successful. Over 1,000 attendees around the world engaged in lively discussions and learned about groundbreaking developments in a broad range of oligonucleotide-based disciplines.

Singapore, Oct. 08, 2021 (GLOBE NEWSWIRE) — AscendEX is thrilled to announce the listing of the Jet Protocol token (JET) under the trading pair JET/USDT on Oct. 14 at 1 p.m. UTC. To celebrate the listing of JET, AscendEX will host two separate auctions that will take place simultaneously on October 13 between 1 p.m. and 2 p.m. UTC.

Jet Protocol will be launched as an open-source, non-custodial, borrowing and lending protocol on the Solana Blockchain. It engineers new possibilities for capital efficiency, performance, and scalability. Jet allows users to participate in lending pools where they deposit supported tokens to receive interest, or “yield” over time, as a participation incentive. Those deposits remain in a pool used for issuing loans to other users for as long as the assets remain delegated.

Jet believes that borrowing and lending protocols are integral to the DeFi ecosystem. The decision to build on Solana was based on its unmatched transaction speed and low fees. The Solana integration will allow Jet to contribute and grow on-chain DeFi lending. The project anticipates a gradual integration of broader interest and more efficient trading. In addition to lending, Jet will introduce interest rate products and secondary markets on Serum, facilitating ongoing, community-driven, lending product research and development. Through these methods, Jet makes it easy for users to earn interest with their JET tokens.

Jet is planning to launch with a dedicated governance system that leverages their founding team’s unique and extensive experience in protocol governance. This governance-oriented approach aims to work with the community to set a clear precedent toward how the Protocol will operate. Jet will innovate on tested governance models from existing protocols while focusing on community ownership and engagement. The most important aspect of this approach is to build an inclusive community to research, design, and implement useful lending products. So, the token holders will have a say in the future of the platform. This focus on community is core to Jet’s mission of bringing DeFi protocols into the mainstream.

Prior to a successful mainnet launch this week, Jet recently completed a follow-on funding round that included AscendEX among other partners bringing in a total of $6.8mm to the project. This latest fundraise has highlighted the strong support for Jet from a variety of stakeholders including AscendEX.

About AscendEX
AscendEX is a global cryptocurrency financial platform with a comprehensive product suite including spot, margin, and futures trading, wallet services, and staking support for over 200 blockchain projects such as bitcoin, ether, and ripple. Launched in 2018, AscendEX services over 1 million retail and institutional clients globally with a highly liquid trading platform and secure custody solutions.

AscendEX has emerged as a leading platform by ROI on its “initial exchange offerings” by supporting some of the industry’s most innovative projects from the DeFi ecosystem such as Thorchain, xDai Stake, and Serum. AscendEX users receive exclusive access to token airdrops and the ability to purchase tokens at the earliest possible stage. To learn more about how AscendEX is leveraging best practices from both Wall Street and the cryptocurrency ecosystem to bring the best altcoins to its users, please visit www.AscendEX.com.

For more information and updates, please visit:
Website: https://ascendex.com
Twitter: https://twitter.com/AscendEX_Global
Telegram: https://t.me/AscendEXEnglish
Medium: https://medium.com/ascendex

About Jet Protocol
Jet Protocol will launch as an open-source, non-custodial borrowing and lending Protocol on the Solana Blockchain. Jet re-engineers what’s possible in terms of capital efficiency, performance, and scalability on Solana. The Protocol allows users to participate in lending protocols where they deposit supported tokens to the platform and then receive interest on their deposits to incentivize participation.

For more information and updates, please visit:
Website: https://Jetprotocol.io
Twitter: https://twitter.com/JetProtocol
Telegram: https://t.me/jetprotocol
Discord: https://discord.gg/BsF3cEbdV9

Attachment

• Jet Protocol Lists on AscendEX

Marketing Department
AscendEX
marketing@ascendex.com

Copyright © 2021 GlobeNewswire, Inc.

Always up for the challenge, entrepreneur and 8x Mr. Olympia, Ronnie Coleman makes a bold leap from supplements into tech with Yeah Buddy™: the groundbreaking, fully integrated, and immersive fitness app.

LAKE MARY, Fla., Oct. 08, 2021 (GLOBE NEWSWIRE) — Some people might say it’s impossible for a supplement company to design a top-tier fitness app from the ground up, but those people would not be Ronnie Coleman. The 8X Mr. Olympia winner has never backed down in the face of adversity, and this challenge was no different. Ronnie saw a need for a fully integrated fitness app and decided to expand his business empire to pursue this vision. After 18 months of work and the input of over 50 experts worldwide, the app is finally here and ready to revolutionize how people get fit.

The driving force behind Yeah Buddy™ is simplifying fitness. It includes everything you need to manage your fitness journey in a single app. According to Ronnie, “Yeah Buddy™ guides you through the complete fitness experience.” When asked if he was worried about shifting focus from supplements to tech, RCSS Owner Ronnie Coleman had this to say: “I never back down from a challenge, and if technology can make getting in shape more attainable, then I’m all for it.”

The evolution of marketing starts with engagement. The most unique feature of Yeah Buddy™ is the use of augmented reality technology that includes both Ronnie and his products. Before Yeah Buddy™ if you wanted to flex next to Ronnie Coleman in his prime, you would have needed a time machine. Now, thanks to the cutting-edge AR, you can pose with Ronnie after every workout and share it directly on your social feed. Artists and designers from across the world spent months carefully creating six iconic characters: Ronnie Cop, King Ronnie, Shut up and Squat Ronnie, Unbelievable Ronnie, Stage Ronnie, and Coleman Athletic Ronnie. Each character dances, motivates, works out, poses for photos, and flexes. While AR is still in the infancy stages, RCSS has pioneered the way forward with incredible and never-before-seen detail with precise movements, measurements, and sequenced audio.

Ronnie liked his characters so much that he expanded the concept to his very own supplements. The Yeah Buddy™ AR technology brings all of Ronnie’s products to life, providing a fun and informative experience for consumers.

After 40 years of working out, Ronnie finally shares all his secrets with his in-app training program. Ronnie and his hand-selected personal fitness coaches have individually filmed and designed several workout programs created to push you into becoming the best version of yourself. Yeah Buddy™ uses a sophisticated algorithm to match you with the perfect trainer and regimen for a low monthly fee. You can even take it one step further and pair your training with our home delivery meal plan designed by Ronnie and made by Icon Meals.

As the king of fitness apps, several vital features set Yeah Buddy™ above its competitors. It’s fully integrated: it provides a unique, engaging, immersive experience in one convenient, user-friendly app that everyone can use. Yeah Buddy™ can be downloaded from the Apple Store or Google Play. The app is free, but the hustle is sold separately.

To learn more about Ronnie Coleman Signature Series, visit ronniecoleman.net

Media Contact:

William Pohlmann

William@ronniecoleman.net

Director of Sales and Marketing

Related Images

Image 1: Ronnie Coleman Augmented Reality

Image 2: Train with Ronnie

Image 3: Augmented Reality Products

Yeah Buddy App delivers a one-of-a-kind product experience. All RCSS products come to life!

Image 4: Yeah Buddy Team

This content was issued through the press release distribution service at Newswire.com.

Attachment

• Ronnie Coleman Augmented Reality

WM’s describes the differences between its TUV Digital Currencies and Cryptocurrencies; which render them as two completely different and unrelated instruments catering for very different and unrelated markets.

NEW YORK and ST PETER PORT, Guernsey, Oct. 08, 2021 (GLOBE NEWSWIRE) — In response to multiple enquiries received by Webtel.mobi (“WM”) regarding its TUV Digital Currency and its relationship to Cryptocurrencies, the following clarification on the differences between Cryptocurrencies and the TUV Digital Currency, has been provided by WM.

Cryptocurrencies
Cryptocurrencies are not currencies in anything but name. Rather, they are Retail Speculative Commodities.

That is, they are Retail Commodities with no inherent value at all in, and of, themselves, other than a perception, among a limited group of adherents, that they have value (i.e., like the stamp-swapping market).

For Commodities with a baseline characteristic that their inherent value is zero; as soon as the perception of their value fails (due to regulatory requirements or introduction of a product that cancels out their perceived utility) their value returns to zero.

They are Speculative because they are, chiefly, acquired by persons with the hope their value will increase, and people will make money from them. However, as to where the value lies – it should be noted that speculative acquisition of Cryptocurrencies is not predicated upon how much more (crypto)coins one will gain from a rise price rise – but by how many dollars one will gain from a price rise. That is, even their adherents use Cryptocurrencies as a way to gain more money – which they see as the ultimate store of value.

The establishment of the price or value of Cryptocurrencies is driven solely by the fact there will only ever be a limited number of coins “mined” (made). This is the pure application of the principle of “Artificial Scarcity”. Artificial Scarcity is a term denoting specific characteristics – the details of which can be found online (or in the ‘Resources’ section of this article).

The variation in speculative value is driven by application of the principle of “Artificial Demand” – also a term denoting specific characteristics that can be found in an online search (or also in the ‘Resources’ section of this article). That is, its rise or fall in value is due (primarily) to media exposure usually geared towards advertising the potential for, and of, the gain of more money by speculative means – not due to any inherent quality of use or utility.

Due to the very principle that causes their perception of value to arise. (Artificial Scarcity), Cryptocurrencies can never be used in anything other than a limited “collectors” market.

As an example, if one takes the most successful Cryptocurrency that exists, applies a generous stable value to its total coin value – from the very first one of its coins mined to the very last one in its limited range – of USD 50 000.00, due to the limited number that will ever be “mined” (made), the total value of all of these coins in circulation will only be just over USD 1 Trillion (and, to be generous, one can even double, triple or multiply that number times 10).

However, just the annual settlement requirements in Gross Payments for Global FX requires a currency pool of USD 4 862 Trillion – and there are several markets that have a similar or larger annual volume.

This example demonstrates that the total value that can ever exist of the total number of (artificially made scarce) Cryptocurrency coins in circulation is so tiny and miniscule in comparison, that the market for Cryptocurrencies can never even be considered as being anything other than that which it is.

That is, a limited market of collectors and speculators, who have an interest in speculating – whether it be in the production / marketing / transactions / sale / acquisition roles – with a specific Retail Speculative Commodity – whether that commodity be stamps, Cryptocurrencies or any of the various and multiple other such items that are held as being of value by adherents.

To its adherents and those who engage in speculative trading with it, a Cryptocurrency’s perceived value will be X – until the perception of its value is lost, whereupon it baseline value will return to zero. Outside of the circle of adherents and speculators, its value will always be zero.

WM’s TUV Digital Currency
WM’s TUV Digital Currency is not itself a Digital Currency. It is rather a Digital vehicle for any currency or currencies.

The TUV itself is an instrument that digitally represents the value in a specific currency, of which 100% reserves of that specific currency are held in a regulated bank account.

The currency of which the TUV represents value can be converted to any other currency – whereupon the TUV will be the Digital vehicle for the currency and value that it has been converted to.

Consequently, a TUV is, simultaneously:

1. Not a de-jure currency.
2. Is equal to the specific currency that it holds the value for.
3. Can be converted to any World Reserve Currency or other WM Platform currency.

As such, it is none of, any of and all of the World Reserve Currencies and WM Platform Currencies, all at the same time.

More details of the TUV’s characteristics can be viewed from the “TUV Characteristics” link in the Resources Section of this article. However, a brief top-level view of some of the characteristics of the TUV Digital Currency – and its differences to a Cryptocurrency – is listed below:’

• The company providing the TUV – and the TUV – function from within the telephony regulatory environment, with the TUV being a dual-use Telephony-Support product, the added functionality of which is brought about by the Artificial Intelligence Complex Adaptive System that powers the WM Platform.
• The TUV is not a speculative instrument – rather a 100%-backed Digital representation of the currency for which it is valid.
• The currency reserves that back a TUV can be refunded on demand to the regulated bank account of its owner (subject to standard international KYC and AML requirements) for the provision of source of funds / transaction type if the owner received a TUV in a transfer as opposed to loading the funds (“Stored Credit” for it himself / herself).
• A TUV is a Digital Currency equivalent providing global transferability, acceptability, redeemability, convertibility between currencies, convertibility back to its value currency and all other characteristics of currency or money.
• A TUV possesses the utility and ease of use of both cash and digital currency combined, while having security, usability, transferability, and other characteristics that are superior to both cash and digital currency.
• A TUV permanently retains its stable value in respect of the currency that it is valued in, and provides a hedge against currency depreciation or inflation due to it being able to be converted to another currency at any time.
• A TUV is free to acquire and to utilize.
• In the near future, the Secured (gold-backed) TUVs will be able to be redeemed either for the amount of currency for which they are valued, or by the physical gold which they are backed by (details of the Secured TUV are in the resources section of this article).

In Summary, a TUV Digital Currency bears no resemblance to or relationship with a Cryptocurrency – other than the basic elements of Cryptocurrency Blockchain, Distributed Ledger and Private Keys are also part of the TUVs’ security structures. However, these three elements are – for the TUV – very basic security elements, and are far surpassed by dozens of personal, system, processes, and other additional security and structural attributes.

Resources:

Media Contact:
Nick Lambert: wm@thoburns.com

Overview of the principle of “Artificial Scarcity”:
https://en.wikipedia.org/wiki/Artificial_scarcity

Overview of the principle of “Artificial Demand”:
https://en.wikipedia.org/wiki/Artificial_demand

Characteristics of WM’s TUV Digital Currency:
https://webtel.mobi/info/tuv-characteristics/

Information on WM’s “Secured TUV” Digital Currency:
https://webtel.mobi/info/my-secured-tuvs/

Information on WM’s “Smart TUV” Digital Currency:
https://webtel.mobi/info/my-smart-tuvs/

Video on the Capacities of the WM System:
https://youtu.be/XYBrCikUhn8

Research Reports on the Capacities of the WM System:
https://tinyurl.com/TUVresearch

WM’s urls:
https://webtel.mobi/pc (Tablets / Laptops / Desktops)
https://webtel.mobi (Smart Phones)
https://webtel.mobi/wap (Pre-Smart Mobile Phones)

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d2430ed5-d51a-4706-92cf-4c762e488b47

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

WM’s TUV Digital Currency had to cater for, and transcend, thousands of requirements to be a fully operational Global Digital Currency. Proposed CBDCs will find it difficult to do so.

NEW YORK and ST PETER PORT, Guernsey, Oct. 08, 2021 (GLOBE NEWSWIRE) — In response to multiple enquiries received by Webtel.mobi (“WM”) regarding its TUV Digital Currency and its relationship to proposed Central Bank Digital Currencies (“CBDCs”), the following clarification is provided on WM’s views of CBDCs and its TUV Digital Currency.

Overview in respect of proposed CBDCs
Central Bank Digital Money already exists – and has existed for decades. The vast majority of money created by Central Banks is created in Digital format and provided to Commercial Banks and other recipients in that format (i.e., not in physical form).

Similarly, a form of Central Bank Digital Money for exchange between countries (i.e., between Central Banks utilizing different currencies) already exists in “Special Drawing Rights” or SDR instrument – curated by the International Monetary Fund. This SDR instrument is a basket of currencies – in Digital format – that can be provided to Central Banks of countries under specific circumstances. (information on SDRs appears in the ‘Resources’ section of this article).

A primary question re: CBDC creation is therefore: what are its adherents trying to create and why – because Central Bank Digital Money already exists?

Among entities currently trying to create a CBDC, there are varying definitions of what it would comprise, and there are two types of CBDC that would be created.

The first variation is a “Wholesale CBDC” – for use between Central Banks. The purpose for such an instrument has yet to be clearly and coherently articulated, because as Central Bank Digital Money already exists, has existed for decades, and performs its functions adequately, it is unclear what a replication thereof in another form would achieve. This variation of proposed CBDC will therefore not be discussed in this article.

Retail CBDCs
The second variation is a “Retail CBDC”, which would be Central Bank issued Digital Money issued to, accessible to, and usable by the public. Notwithstanding that the requirement for, or constructive purpose of, such a Retail CBDC has yet to be clearly or coherently defined, the desire to create one does not account for the extreme dangers they will create for national or international economic stability – some of which are as follow:

Disintermediation of Commercial Banks
Central Banks issue of money to the public would – as a matter of certainty – lead to partial or significant disintermediation of Commercial Banks. This means the role of Commercial Banks in creating money (credit) and acting as infrastructural pillars for the storage and distribution of money nationally and internationally would be affected – with nothing to replace it. Such an event would introduce instability into a system that – whatever its flaws may be – is the only currently globally functioning system, specifically constructed over centuries, to attend to the national and international creation of money (credit) and for national and international storage and distribution of money. To disrupt this infrastructural pillar without the means to immediately replace it, would be self-inflicted pain of the greatest order to national economies and the global economic system. As there is no infrastructure with which to replace it (other than nationalization of the Commercial Banking system), there appears to be no well-though-through purpose in doing this, or strategy to cope with the consequences of doing this. Moreover, if a hybrid of Central Banks issuing money simultaneously with Commercial banks doing so, how could Commercial banks ever compete with the Central bank that creates money and sets interest rates and other rates? They could not – and who would hear their cases against unfair competition – as the Central Bank or entities reporting to it, or reliant on it, are usually arbiters in such cases? Such a situation possesses – it seems – a great deal of potential for instability and chaos without any articulation – to date – on the advantages such a situation would bring about, and why and how this would occur.

Conflation of Personal Debt with National Debt
If central banks were to transact directly with the public (its clients), requirements for money (credit) creation would arise. This, in turn, means the Central bank would become the holders of the debt of its clients. However, how would that debt be classified in terms of National Debt? Would the population of a country then become de-facto responsible for the private debt of other citizens? How would the value of the national currency be affected if the Central Bank of a country was saddled directly with the private debt of citizens – instead of it being rather the Lender of Last Resort to Commercial Banks that customarily deal with matters of private debt? No satisfactory or coherent articulation of this quandary re: proposed Retail CBDCs has yet been articulated by its proponents.

Strategic Vulnerability of Currencies and Economies
Generally speaking, persons functioning at senior levels of knowledge and competence in the fields of Economics and Finance have a lack of expert knowledge in high-level Tech and IT matters. Similarly, people who are competent in respect of high-level Tech and IT matters have a corresponding lack of expert knowledge in Geopolitics, Economics and Finance. This leads to construct proposals being put forward that will – if followed – leave a country’s currency and economy open to Strategic Vulnerability in respect of proposed Retail CBDCs. One of these is the proposed use of “Tokens” to ensure security. However, if the Retail CBDC is to be convertible into other currencies, unless a Central Bank is to maintain extraordinary Foreign Exchange Reserves itself (and deplete them on retail or public transactions), it will be necessary for the Retail CBDC to be convertible into other currency Retail CBDCs via an intermediary organization or by other Central Banks. This will entail the absolute requirement to share details of the currency’s tokenized structure with the intermediary organization or other central banks to prevent Digital Counterfeiting. However, the very requirement to share this information to prevent Digital Counterfeiting increases the means one has to provide information that can result in Digital Counterfeiting by any bad actor. Digitally Counterfeited currency is absolutely indistinguishable from non-counterfeited Digital Currency, other than via a process that will make the retail free-flow of the currency impossible (meaning that it cannot act as a retail currency). Consequently, current efforts that focus on a “Tokenized” Retail CBDC are doomed to failure before they are even created.

Who currently has a CBDCs as they are currently defined
Currently, no country or entity has a CBDC as they are currently proposed. Although China and the Bahamas are touted as having CBDCs, this is not correct. What those two countries have are not Central Bank Digital Currencies (“CBDCs”). What they have are Central Bank Digital Payment Systems (“CBDPS”). This is why they could only test them in transactions between the public and merchant – using payment terminals. A CBDPS is not a CBDC as currently proposed or envisaged. It can only be used for payments. All that it is, is a central bank version of the exiting MasterCard, Visa, and similar Digital Payment Systems. The “Sand Dollar” of the Bahamas actually runs off MasterCard’s infrastructure – so is really only a whitelabeled version of MasterCard Digital Payments. No country has – or is likely to ever have – a CBDC as currently proposed, due to the overriding factor that no CBDC as currently envisaged can ever function without an Global Exchange Mechanism for them. A Global Exchange Mechanism does not exist and will in all likelihood – never exist.

The requirement for a Global Exchange Mechanism for CBDCs
For Retail CBDCs, as currently proposed, to function, it would be necessary for the possibility of free exchange and/or convertibility between varying currency CBDCs. To do that, one would need to have a Global Exchange Mechanism to facilitate and carry out the conversion. Notwithstanding this would require sharing of proprietary Tokenization data (which can never in fact be exchanged) with the entities running the Global Exchange Mechanism, it would also require international consensus between countries (especially Major Powers) as to where the Global Exchange Mechanism would be located. Who would manage it? according to what rules? what would the rates and prices be? etc. There is a long list of considerations. However, how would it be possible for the majority of countries – or at least the major Powers – to reach consensus? Between them – as clearly demonstrated – geopolitical Rivalries prevent any such cooperation. Whether it is the constant vetoing of one side by another in the UN Security Council, Trade Wars, threats, and agitation in respect of various parts of the world, proxy wars and the like – it is abundantly clear that geopolitical Rivalries will never disappear. Moreover, it then follows that in respect of a proposed Global Exchange Mechanism, one side will never give in to the other on decisions such as an entity’s location, management, rules, fees, costs, and other requirements. Consequently, as a Global Exchange mechanism is required to exist before CBDCs can be structured to act and function within its defined structures and processes – and as such a Global Exchange Mechanism does not exist and probably will never exist – the creation of CBDCs is rendered absolutely moot. This is because development of one will be like having a cart without a horse. Of no use to anyone at all.

Webtel.mobi’s TUV Digital Currency
When WM was creating its TUV Digital Currencies and the Global Exchange Mechanism and processes for it, the considerations listed in the preceding parts of this article were only a few of the many (thousands of) considerations required to develop a fully-functional and global digital currency, valid in and for all countries and currencies. It is necessary to attend to these many (thousands of) requirements, and the most important elements before one begins (considerations absent from the proposed CBDCs debates).
What must be addressed before the practical creation process are those relating to Geopolitics, Geostrategy, Balances of Power and the requirements for the maintenance of Global Stability. These were all addressed. WM’s TUV Digital Currency has extreme security features built into it – that are unique to each TUV. They include security features in the TUVs themselves, in their creation, transfer and redemption processes, in constant monitoring of the TUVs by the Artificial Intelligence System for multiple events. They are numerous to describe. Some of them can be seen in the “TUV Characteristics” in the Resources section of this article.

WM’s TUV provides full Global acquisition, storage, transfer, payment, Convertibility between currencies, convertibility back to a Fiat currency, return to bank accounts and various other essential requirements for a functional Global Digital Currency. None of these are theoretical, aspired-to or hoped-for characteristics. WM’s TUV Digital Currency was – after the years taken to initially create it and its Global Exchange Mechanism – fully tested and confirmed in years nine of global operations with WM’s Platform 1, prior to the creation of Platform 2 that incorporates lessons learned during the operational testing.

WM’S TUV is the world’s first and only fully functioning Digital Multicurrency in a format that produces all of the unique characteristics that it hold. These characteristics not only already also (safely) cater for the currently proposed requirements of both Wholesale CBDCs and Retail CBDCs, they supersede these requirements exponentially.

Resources:

Media Contact:
Nick Lambert: wm@thoburns.com

Overview of SDRs:
https://en.wikipedia.org/wiki/Special_drawing_rights

Characteristics of WM’s TUV Digital Currency:
https://webtel.mobi/info/tuv-characteristics/

Information on WM’s “Secured TUV” Digital Currency:
https://webtel.mobi/info/my-secured-tuvs/

Information on WM’s “Smart TUV” Digital Currency:
https://webtel.mobi/info/my-smart-tuvs/

Video on the Capacities of the WM System:
https://youtu.be/XYBrCikUhn8

Research Reports on the Capacities of the WM System:
https://tinyurl.com/TUVresearch

WM’s urls:
https://webtel.mobi/pc (Tablets / Laptops / Desktops)
https://webtel.mobi (Smart Phones)
https://webtel.mobi/wap (Pre-Smart Mobile Phones)

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/26651716-17ab-4684-b9f9-ca260e1bf88b

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.