Snap, Intel, Moderna, Digital World Acquisition Corp and extra

Check out the companies that are making the headlines in midday trading.

Snap Snap stock slumped 26.6% after it released its quarterly results, which included both a drop in sales and a profit blow. The social media company said its advertising business had declined due to Apple’s privacy changes.

Facebook, TwitterSocial media and digital promotional stocks have gone down Based on Snap’s findings on the impact of Apple’s privacy changes. Facebook shares were down 5.5% and Twitter shares were down 4.8%.

Intel – Intel shares fell after a. 11.7% after weaker than expected sales report. The semiconductor company blamed an industry-wide chip shortage for its lost revenue and warned that its gross margin and free cash flow would decline over the next two to three years.

Modern – Shares in the biotech company fell 3.8% Deutsche Bank started coverage of Moderna with a sell rating. The company said potential innovations were already priced into Moderna’s stock. “We agree that there is potential to disrupt the dynamics in the broader realm of infectious viral diseases (e.g. influenza), but all of this is more than generously reflected in a rating that appears detached from a problematic assessment of reality “said German.

Digital World Acquisition Corp. – Shares of the SPAC, which make the planned social media platform of the former President Donald Trump public, skyrocketed again in the roller coaster trade. The blank check company, which trades on the Nasdaq under the ticker DWAC, shot up 216% at times and closed 107%. The stock rose more than 350% on Thursday due to its explosive trading volume and volatility.

Honeywell Honeywell’s shares are down 3.2% after the company lowered its full-year revenue forecast. The company also reported quarterly revenue that was below analysts’ expectations for the third quarter. However, the result exceeded the forecasts.

American Express American Express stocks rose 5.4% after the company beat earnings expectations. The company reported earnings of $ 2.27 per share on sales of $ 10.93 billion. Analysts polled by Refinitiv expected earnings of $ 1.80 per share on sales of $ 10.52 billion.

Urban Outfitters Urban Outfitters’ shares rose 1.5% after Citi upgraded the clothing retailer from neutral to buy. “We can’t ignore the -25% better risk / reward ratio in stocks since URBN’s 2nd quarter (reported August),” said Citi.

VF Corp. – The clothing company’s shares fell 4.5% after missing the top and bottom lines of quarterly results. VF Corp. reported earnings of $ 1.11 per share on sales of $ 3.2 billion. Wall Street expected earnings of $ 1.15 per share on sales of $ 3.5 billion, according to Refinitiv.

Seagate – Seagate shares rose 6.1% after the data storage company beat earnings estimates. The company reported earnings of $ 2.35 per share, 13 cents more than expected, according to Refinitiv. Seagate also outperformed revenue estimates and issued strong revenue and earnings per share projections for the current quarter.

Chipotle Mexican Grill – Chipotle shares fell 2.8% despite one Make a profit. The fast-casual chain has dashed analysts’ expectations, expecting adjusted earnings of $ 7.02 per share versus $ 6.32 per share, according to Refinitiv. Higher menu prices helped the company offset higher input costs.

Boston beer Boston Beer shares were up 1.6% on the brewery’s third-quarter sales report. Boston Beer had sales of $ 561.6 million, according to StreetAccount, beating analysts’ consensus estimate of $ 531.5 billion.

Whirlpool Whirlpool shares rose 2.7% after the home appliance maker beat Wall Street expectations for earnings per share. The company reported earnings of $ 6.68 per share, 56 cents more than Refinitiv’s consensus estimate.

Mattel Mattel shares rose 0.6% after the toy maker’s quarterly report beat analysts’ expectations. Mattel posted earnings of 84 cents per share on sales of $ 1.76 billion, while analysts polled by Refinitiv expected earnings of 72 cents per share on sales of 1.69 billion US dollars.

– CNBC’s Tanaya Macheel, Maggie Fitzgerald and Yun Li contributed to the coverage

GM says it is going to double income by 2030 in digital push to be seen extra like Tesla

DETROIT – General Motors plans to double its annual sales to $ 280 billion by the end of this decade as the company migrates to all-electric vehicles and diversifies beyond auto and truck sales.

The automaker announced on Wednesday ahead of investor presentations detailing how the company will operate plans to achieve these goals through traditional automotive businesses and new software and data-driven businesses.

The revenue target is based on a moving average of about $ 140 billion for the automaker over the past few years, a company spokesman said. GMs Sales last year was nearly $ 122.5 billion, down 10.8% from 2019, largely due to factory closures at the start of the coronavirus pandemic. The operating profit margin in 2020 was 7.9%.

“If you look at all of the investments we’ve made in over five years, we’re really in execution mode today,” GM CEO and Chairman Mary Barra told reporters during a pre-event briefing. “We have great confidence in our ability to increase sales.”

The two-day investor meeting including product test drives on Thursday is intended to provide a “clear strategy” to convince investors to like the company more like a technology start-up Tesla, which is valued at more than $ 750 billion compared to $ 79 billion for GM.

Barra said GM expects much of the sales growth to come from its new and service-based businesses, with “moderate growth” from its traditional vehicles and operations.

“We are seeing a surge in EVs especially in the first few days, so we see tremendous opportunities to grow from an EV perspective and then subscriptions and services,” she said.

The automaker expects its traditional auto sales and financing business to grow from $ 138 billion to $ 195 billion to $ 235 billion a year. Its new businesses such as the autonomous vehicle subsidiary Cruise and BrightDrop commercial EV business is expected to grow from $ 2 billion, mostly from OnStar, to $ 80 billion over this period.

GM also confirmed plans to rapidly scale its electric vehicle manufacturing, with more than 50% of its plants in North America and China able to produce the vehicles. Currently, only two GM plants in North America are capable of producing electric vehicles, but the company has announced plans to convert at least three more by 2023.

GM President Mark Reuss told investors on Wednesday that the company would soon announce a second battery-electric truck assembly plant. The company’s first EV pickups, including the upcoming ones GMC lobster, is produced in a facility in Detroit.

The automaker is about to Invest 35 billion dollars in electric and autonomous vehicles by 2025, as the company aims to become a fully electric automaker by 2035.

GM said it plans to outperform Tesla as the U.S. leader in electric vehicles, but Barra and Reuss declined to give a timeframe. The company has announced that it will sell 1 million electric vehicles per year worldwide through 2025.

During the event, GM is also expected to explain in more detail this transition as well as the planned commercialization of driver assistance systems and autonomous vehicles.

GM confirmed on Wednesday that it will introduce its new one electric Silverado at CES in January. It is also said that a Chevrolet crossover is in the works for around $ 30,000. GM did not announce any sales dates for the vehicles.

“Nobody will be able to touch us in the battery-electric truck room,” Reuss told reporters on Wednesday. “You will see that we hit the mark with that.”

Regarding self-driving technology, GM said it will launch a new hands-free system in 2023 called “ultra-cruise” that is roadworthy in 95% of the scenarios. The system is expected to be far more powerful than its current Super Cruise system, which is only available on pre-mapped shared highways.

At launch, according to GM, Ultra Cruise will be available on more than 2 million kilometers of road in the US and Canada. Great cruise is currently available on more than 200,000 kilometers of road.

2022 GMC Hummer EV Sport Utility Truck

GM

International Funds and Virgin Cash Kind Strategic Alliance to Redefine the Way forward for Digital Commerce

New payment ecosystem to expand networked commerce and provide an integrated suite of digital functions

ATLANTA, September 08, 2021 – (BUSINESS WIRE) – Global Payments Inc. (NYSE: GPN), a global leader in payment technology and software solutions, and Virgin Money, one of the UK’s leading financial services groups, today announced an agreement to leverage Global Payments’s unique two-sided network to deliver market-leading digital payment experiences to Virgin Money customers worldwide.

This press release contains multimedia. Check out the full version here: https://www.businesswire.com/news/home/20210908005232/en/

The companies announce that they are working on the launch of a new connected payments offering that will bring a seamless experience for Virgin Money consumers and merchants. This new salary offering would expand trading and provide an integrated suite of digital skills.

“We have an unmatched global position that connects both sides of the payments ecosystem and enables us to completely transform the digital commerce landscape,” said Jeff Sloan, chief executive officer, Global Payments. “This new payment solution will reimagine the entire interaction between merchants and their customers, virtually and physically, in order to reduce friction, create added value and promote extraordinary experiences on an omnichannel basis.”

“Expanding our partnership with Global Payments enables us to bring all of our credit and debit cards together on a single platform. Working together allows us to leverage their expertise across the payment ecosystem, combined with our focus on customer experience and being one of the world’s best-known brands, gives us the ability to develop new digital payments offerings to enhance the experience for our millions of private and Business customers as we continue to transform the status quo of UK banking, “said David Duffy, Chief Executive Officer of Virgin Money UK.

Virgin Money will be able to access end-to-end lifecycle data through the new payments offering in its companies to gain better insights into buying patterns and trends in order to bring new products and services to market that directly meet customer needs and which Improve the customer experience journey.

The story goes on

As part of this partnership, Global Payments will act as the exclusive trading services provider for Virgin Money, offering cutting-edge acquiring technology to its large customer base. In addition, Global Payments will expand its longstanding relationship with Virgin Money through its TSYS Issuer Solutions segment. This will create a single unified platform that will add all of Virgin Money’s debit business to its current credit solutions under a new agreement that extends into the next decade, subject to regulatory approval.

About global payments

Global Payments Inc. (NYSE: GPN) is a leading payment technology company providing innovative software and services to our customers around the world. Our technologies, services and the expertise of our team members enable us to offer a wide range of solutions that enable our customers to run their business more efficiently through a variety of channels around the world.

Global Payments, headquartered in Georgia and with nearly 24,000 team members worldwide, is a Fortune 500® company and a member of the S&P 500 with global reach in over 100 countries in North America, Europe, Asia Pacific and Latin America. For more information, visit www.globalpayments.com and follow Global Payments on Twitter (@globalpayinc), LinkedIn and Facebook.

Via Virgin Money UK

Virgin Money UK is a full service digital bank serving 6.5 million customers across the UK. It offers market-leading products and services to meet the full range of customer needs in private and business customers. Virgin Money aims to provide customers with a consistently first class experience through its leading technology platform, telephone banking and a national network of innovative stores and commercial banking centers. By improving its banking business, Virgin Money seeks to serve its purpose of “making you happier with money.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20210908005232/en/

contacts

Investor contacts:
Winnie Smith 770.829.8478
investor.relations@globalpay.com

Richard Smith +44 7483 399 303
contact@ir.virginmoneyukplc.com

Media contacts:
Emily Edmonds 770.829.8755
media.relations@globalpay.com

Simon Halle +44 7855 257 081
press.office@virginmoneyukplc.com

Western Union and PERA HUB to Provide Digital Cash Transfers with UnionBank

Western Union services will be available through the UnionBank app; a first in the Philippines

MANILA, Philippines, Aug 11, 2021 – (BUSINESS WIRE) –Western Union, a global leader in cross-border, cross-currency money and payments, and PERA HUB, a leading provider of financial services, today announced the integration of Western Union’s digital money transfer capabilities into the UnionBank Banking platform that for the first time allows customers in the Philippines to receive money transfers from Western Union 24/7 through a banking app.

Union Bank of the Philippines (UnionBank), one of the largest banks in the Philippines and recognized as a digital pioneer in the Asia-Pacific region, is a digital sub-agent for the PERA HUB retail brand of PETNET Inc., a leading financial services provider and long-time agent of Western Union.

The recipient-enabled feature allows customers in the Philippines to direct an international or domestic Western Union money transfer to their UnionBank account by simply entering the Western Union Unique Money Transfer Control Number (MTCN) and other identification details into the UnionBank app (available at iOS and Android).

Later this year, we’ll be expanding our offering to allow customers to use the app to send money to loved ones locally or worldwide to billions of bank accounts and millions of mobile wallets and cards in approximately 125 countries or more than half a million agent locations in more than 200 countries and territories. Senders can fund their money transfers through their UnionBank accounts.

“By expanding our services with PERA HUB through UnionBank, we are offering our customers in the Philippines more choice and convenience,” said Jeffrey Navarro, Head of Philippines, Malaysia, Brunei & Indochina at Western Union. “It solidifies the momentum we’re building in digitizing money transfers while serving clients who live between a digital and a physical world, in a truly global way. Our collaboration with PERA HUB is based on our unique omnichannel strategy, which offers customers additional value and scalability in the country. “

The story goes on

Western Union’s inclusive omnichannel capability is uniquely positioned to build bridges that connect digitally advanced people with those in the world who are not yet online. As part of its strategy, Western Union is increasingly working with local brands, speeding up money flow and providing reliable connections between individuals and loved ones around the world.

“Our longstanding relationship with Western Union is built on our mutual commitment to delivering the best of our opportunities to our customers,” said Ian Ocampo, President and CEO of PETNET Inc. “UnionBank is the first to introduce a fully digital Western We are proud to be your partner I look forward to innovating and exploring new opportunities for the end user. “

“Our teams at UnionBank have worked hard to bring digital banking and self-service banking to millions of Filipinos, especially amid this pandemic where we have been able to serve customers without interruption,” said Ana A. Delgado, chief Digital Channels Officer and Chief Customer Experience Officer, UnionBank. “We’re excited that this integration with Western Union enables us to do more together and provide customers with a better banking experience through seamless digital money transfers.”

For more information on the UnionBank app, see the FAQ page on www.unionbankph.com/unionbankonline.

About Western Union
The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money and payments transactions. Western Union’s platform provides seamless cross-border flows and its leading global financial network connects more than 200 countries and territories and over 130 currencies. We connect businesses, financial institutions, governments and consumers through one of the world’s most widespread networks, accessing billions of bank accounts, millions of digital wallets and cards and more than 550,000 retail locations. Western Union connects the world to bring limitless possibilities within reach. For more information, visit www.westernunion.com.

Via PeraHub
PERA HUB is the Philippines’ leading financial services center with over 3,000 locations across the country, offering customers a full range of reliable financial services in one place. PETNET’s retail network, PERA HUB, consists of company-owned and sub-agent branches nationwide. PERA HUB is designed to offer complementary products such as wire transfers, deposit and withdrawal services, loans, currency exchange, bill payment, airline tickets, e-loading, microinsurance and other cash and payment solutions to its growing market. To further expand its reach for cash solutions, PERA HUB launched its PERA HUB app and PERA HUB Visa prepaid card, which allows users to send and receive transfers from Western Union, pay bills and purchase prepaid top-ups. Visit the nationwide PERA HUB branches for your cash and payment solutions. The PERA HUB app is available for download in the Google Play and App Store. For more information, visit www.perahub.com.ph, call us at (+632) 8812-9209 and follow perahubph (Facebook & Twitter) and perahub on Instagram.

About UnionBank
Union Bank of the Philippines (UnionBank) has always been one of the first to use technological innovation to empower its customers for the future of banking. Consistently recognized as one of the leading companies in Asia, it is one of the leading universal banks in the country in terms of profitability and efficiency. UnionBank has received a record number of awards and recognitions over the years, most recently named the Most Recommended Retail Bank in Asia Pacific by BankQuality.com; 4x Digital Bank of the Year from The Asset Triple A; Asia Pacific Digital Leader by IDC Asia Pacific and Top 1 Most Helpful Banks in the Philippines during COVID-19 by BankQuality.com. UnionBank stands firm in its promise to advance the future of banking through “Tech-Up Pilipinas” in order to best meet the growing needs of Filipinos everywhere and at the same time to be pioneering innovations for a better world.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210810005581/de/

contacts

Media contacts:

Western Union Asia Pacific
Karen Santos: Karen.Santos2@westernunion.com

PETNET
Angela Nikki Robas: nikki.robas@petnet.com.ph

UnionBank
James P. Ileto: jmpileto@unionbankph.com

How digital foreign money is altering how we give and obtain cash

Right now, the world of cryptocurrency is like the Wild West. Just think of all of them modern prospectors in search of their fortune. If you are looking for gold in the digital world, I have tons of resources to help you out!

In a recent episode of Kim Komando Explains, my team and I give you all the tips you need for a successful crypto career. Basically, now is the best time to jump on the bandwagon. Retailers are also starting to accept digital currencies. (We even heard that Amazon will add crypto payment features!)

Get this: Some nonprofit groups accept donations through cryptocurrency. I spoke to recently The New York Times about how this can create a revolutionary game in the world of gift giving. Here’s what you need to know.

Sounds great … but it’s also pretty complicated

As with all things nebulous blockchain related, cryptocurrency donations are difficult for laypeople to understand. This is one of the biggest hurdles for donations.

Charities may not have the money to hire IT professionals to figure out how these donations are processed. You may not even understand how they work. That means they could be missing out on a lot of money.

Daily technical news that is important to you

Privacy, security, the latest trends, and the information you need for your best digital life.

Second is the problem of volatility. If you’ve caught up on the news, you probably know that bitcoin prices are extremely sensitive. You will one day take off like a rocket and soar to new heights.

ANOTHER WAY TO MAKE BANK ONLINE: Click here for everything you need to know about NFTs

The next thing you know is that Bitcoin is crashing towards earth, making dollar signs plummet in value and bleeding. Let’s say a charity receives $ 7 million in bitcoin on a Friday. The value could drop to $ 6.5 next Monday. (This is just an example; we’ve never heard of it, but it’s good to think about.)

Overall, they can be difficult to understand for people who are not tech buff. They are also much more difficult to predict than cash donations. When you donate $ 7 million in fiat currency, that value will be preserved. The same cannot be said for cryptocurrency donations.

Would you like to learn more about cryptocurrencies?

I’ve received a lot of requests to get an in-depth look at the Wild West of cryptocurrencies. So I wrote a brand new one eBook “Cryptocurrency 101” only for you! It sheds light on the buying, selling and spending of cryptocurrency in today’s digital world.

Get it now while you are thinking about it so you can read it later. It is not yet known which cryptocurrencies Amazon will accept. (Keep in mind that there are over 10,000 different types of cryptos available.)

I’m proud to say it’s already on the bestseller list! Check it out now and impress your friends with all of your inside knowledge.

Crypto is a way to make money, but it’s not for everyone

There are many ways you can use your free time to make extra money. I did the work and collected it for you. Tap or click here for 20 ways to make money online.

A Fed-issued digital greenback may print cash — for the folks

Federal Reserve Chairman Jerome Powell takes his seat to speak before a Senate Banking, Housing, and Urban Affairs hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, United States, Dec. July 2021, to testify. REUTERS / Kevin Lamarque

The author is a former chairman of the FDIC and a former deputy secretary of the US Treasury Department.

More and more informed observers are wondering why, after 13+ years, FThe increasingly aggressive monetary policy interventions of the ederal reserve, the advantages stay so lopsided to Mauerstrasset across the main road. The answer is simple: follow the money. Using its traditional instruments, the Fed is pumping money into the financial system in hopes of getting it into the wider economy. But the Fed has no control over where the money goes or to whom financial institutions lend, clearly to the main beneficiaries were investors and the ultra-rich.

Fortunately, new technology in the form of a Central bank digital currency (CBDC) provides the Fed with a mechanism to distribute cash directly to working families. This would mean a profound change in the way the Fed has traditionally responded to economic crises, largely bypassing the financial system and channeling increases in money supply to the people who need it most.

After the 2008-2009 financial crisis, the Fed kept money cheap and plentiful for over a decade, with good intentions to revive the economy from this debacle. But the money didn’t reach consumers, which is why the Fed was never able to meet its inflation target of 2%.

That started to change last year when the government increased budget spending on pandemic relief programs like supplemental unemployment insurance, Economic Impact Payments (EIP), rental subsidies, and others. These programs were largely funded through deficit spending made possible by the Fed’s purchase of massive government debt.

When that trillion in new household spending hit Main Street, voila, consumer prices started to rise (maybe too much). These tax expenditures have been more effective in helping working families. But even these fiscal programs were fraught with unnecessary political scramble, overly complex requirements, and payment delays due to an inefficient and costly payment system for distributing funds.

The story goes on

A better way of getting money to people who need it

CBDC would be a better way.

By using distributed ledger technology, the Fed could bring digital dollars to households quickly and cheaply in times of crisis. Of course, such a system would have to be approved by Congress and only used in difficult economic conditions, possibly triggered by a steep decline in employment or GDP.

The central bank’s digital currency could help the Fed distribute cash to those who need it. Image: Getty

But with such a system of “auto stabilizers” families would not have to wait for the political system to argue over ad hoc aid programs, nor would they suffer the costs and delays associated with our outdated payment system. The Fed could distribute funds directly to household-held digital wallets and / or use regulated digital payment providers to help consumers set up digital wallets and keep their CBDC in custody.

This would also promote financial inclusion. Digital wallets might be more accessible for those with no or limited bank accounts who fear the complexities and fees too often associated with checking accounts. Congress could authorize the Fed to provide budgets with initial “start-up money” as an incentive to start them up.

While payments would be limited to households, indirect benefits would accrue to businesses as they would provide emergency incomes for struggling families to pay rent, buy groceries, and other essential goods and services. By using a Fed-sponsored distributed ledger, the Fed could know the recipient’s identity and track the money to ensure it reaches the intended beneficiaries, providing strong anti-fraud controls.

What is important is that the Fed would no longer try to stimulate the economy by cutting interest rates to incentivize more borrowing. When people lose their jobs and their incomes, they don’t need more debt, they need cash to bridge them. The provision of cash could help wean our economy from using debt to sustain growth and hopefully lead to an eventual normalization of interest rates, ending the economic distortions caused by so many years of extremely low interest rates.

Banking industry advocates like the Bank Policy Institute argue against CBDC because they fear it would disrupt banking by withdrawing money from deposit accounts and into CBDC digital wallets. However, this should not pose a risk, especially if the CBDC amount per household was capped and spent exclusively on government emergency payments. Such a system could indeed prove beneficial to banks as it would reduce the risk of consumer default during severe economic crises. In addition, CBDC could be converted into traditional fiat currency and deposited into bank accounts at any time if the banks offer households sufficiently attractive terms. And, of course, corporations and other institutions would continue to need banks to hold their deposits and serve their needs.

Stablecoins can coexist with CBDC

Another argument that is used both for and against CBDC is that it is privately sponsored. would undermine Stablecoins – a form of cryptocurrency, the value of which is linked to and secured by fiat currency. Some fear that privately sponsored stablecoins could eventually displace central bank money. Therefore, they support CBDC to displace these private initiatives. For the same reason, supporters of private stablecoins argue against a CBDC in the USA

I support properly regulated private stablecoins. (Disclosure, I’m on the board of directors of Paxos, a regulated trust that has one.) But I also think they can coexist with CBDC, especially when the issuance of CBDC is limited to household emergency payments. Our payment system has always relied on a combination of private and Fed sponsored entities. There is no reason to believe that CBDC would kill responsible innovation among private stablecoin issuers. Indeed, parallel private sector efforts to develop stablecoins could help inform and complement the Fed’s use of this technology.

A final argument against CBDC as a monetary instrument is that it could increase the risk of inflation. Of course, the impact on consumer spending would be much more direct than the Fed’s current instruments. But that’s a strength, not a weakness. Given the higher efficiency of CBDC, smaller increases in the money supply would be required to stimulate consumer demand. And should consumer price inflation escalate, CBDC would offer the Fed an elegant solution: pay interest on CBDC to incentivize households to save rather than spend.

It is time to rethink how we use monetary policy to prop up our economy. Providing incentives to borrow with cheap money is inherently unstable. We can see the results: unprecedented levels of government and corporate debt, reckless speculation and valuations across a wide range of assets. We all hope (pray) that the acceleration in consumer price inflation will be temporary. But if the Fed is forced to hike rates to contain it, the impact on corporate and sovereign borrowing costs could be catastrophic, as could the negative impact on asset prices on financial stability.

It is difficult to see how we are going to get out of our current predicament. But it’s easy to see how, in the longer term, technology can provide us with an alternative to low interest rates that can lift our country out of this debt trap. If we want to print money to support our economy, we are printing it for the people. CBDC can show the way.

More from Sheila Bair:

Rising financial risks should make the Fed suspicious of any relaxation of the rules

Why Treasury Secretary Biden is Biden’s Most Important Cabinet Pick

Why federal student loans need new safeguards for debt collection

The danger that banks will artificially raise equity ratios

Low interest rates widen the gap between Main Street and Wall Street

Save workers, not shareholders

MGA Leisure To Convey L.O.L. Shock! Model To Digital Collectable App VeVe

The partnership will experience the exciting world of LOL Surprise! Enter the world of digital collectibles and give fans the opportunity to collect their favorite LOL dolls and characters as exquisite 3D models that can be animated and interactive. This will be the first product produced on the VeVe platform for a younger audience.

Currently the only app of its kind, VeVes unique Mixed Reality adds a digital layer to the world around us, allowing fans to interact with their collection and bring their favorite toys and other collectibles to life. Fans can also share their own curated collections of photos, videos and virtual showrooms with their friends and the fan community through the app’s features.

“This is a very exciting step to partner with the world’s largest toy brand and we look forward to bringing fans a new and exciting way to play and get involved,” said David Yu, Co-Founder and CEO, VeVe. “With hundreds of thousands of satisfied adult fans, we look forward to creating offers for younger fans.

VeVe NFT’s digital collectibles are minted on the blockchain, which allows for immutable authentication record and allows fans to collect their digital products in a fun and engaging way. Since last December, the VeVe app has been downloaded more than 350,000 times and over 580,000 digital NFT collectibles have been sold to enthusiastic fans and is one of the top apps in the entertainment category in the Google App Store.

Earlier this year, VeVe announced its plans to be the first carbon neutral NFT platform and is committed to 100% carbon neutral NFTs by offering grants to nonprofit environmental organizations to raise funds for a good cause. The VeVe app also uses distributed ledger technologies which are known to be more energy efficient than the competitors in the market.

“We are very excited to be working with a company that, like MGA, creates unique opportunities to experience the world of fandom. The combination of technology with toys has been successful for us in the past and we look forward to even more success with VeVe. ”Says Isaac Larian, CEO & Founder of MGA Entertainment.

More details on LOL and other MGA collectible series, including the drop date, will be announced in the coming weeks.

To learn more about the VeVe app, please visit the official website Here.

About LOL / MGA entertainment:

Headquarters in Chatsworth, California, MGA Entertainment, the fastest growing entertainment products company for the past five years, makes innovative proprietary and licensed products including toys and games, dolls, consumer electronics, home décor, stationery, and sporting goods. The MGA family includes award-winning brands such as LOL Surprise ™, Little Tikes®, Bratz®, Rainbow High ™, Na! N / A! N / A! Surprise ™ and Zapf Creation®. Visit us in www.mgae.com.

About VeVe:

VeVe is a direct-to-consumer company based on the pop culture nexus, combining toys, games and collectibles to provide a unique way to experience the many worlds of fandom. Through technological innovations, VeVe makes new forms of content accessible to consumers. We see digital collectibles as a new class of collectibles that offer fans a new collecting experience and intellectual property owners the opportunity to explore new opportunities in the digital landscape.

The VeVe Digital Collectible app is available for both iOS and Android and will soon be available for desktop.

Find out more: VeVe.me

The VeVe Digital Collectible App is available for both iOS and Android.

Learn more: VeVe.me | Twitter | discord | Facebook | Instagram

VeVe press contact:
Rogers and Cowan PMK
[email protected]

SOURCE VeVe

similar links

https://www.veve.me/

CASHét Leisure Expands Digital Cost Service Throughout COVID

CASHét Entertainment has seen impressive growth during the COVID pandemic. The company that handles accounts payable for film and television productions has reaped the fruits of its move to a fully digital offering. This was crucial at a time when the portability of COVID-19 productions led to the search for ways to limit the use of paper.

“There was a very strong need,” says the company’s President and COO Paul Rogers. ”“ Everyone was looking for a way to go paperless and we had a debt offer in the market that met that need. Pretty much everyone wanted to change trains soon. You put something on the water and think you are prepared, and then the boat fills up with fish and you have to deal with it very quickly. “

In order to meet the demand, the company has restructured its newly introduced CASHétPay division, which offers a completely digital way for productions to process their payments.
More than 100 feature films and television shows, from reality shows to big budget productions, have signed up for the service. These include “Westworld,” “Euphoria,” and “Curb Your Enthusiasm” from HBO, as well as “Home Economics” from ABC and “Dear White People” from Netflix promoted business leaders Bill Phillips Vice President, Liabilities. He oversaw the expansion of the company’s list of clients and projects, as well as managing the execution of the CASHétPay services.

Customers using the service include Warner Bros. Features and Warner Bros. TV, HBO, LG-TV, LionsGate Features, AMC, Skydance, Endeavor Content, Turner, Tyler Perry Studios, and Annapurna. According to Rogers, the service meets all of the studios’ security needs and allows them to pay their bills faster, which is a necessity in the fast-paced world of production.

“There are a number of challenges in the manufacturing world that are not in the corporate world,” says Rogers. “You got a call tomorrow telling us that some people need a check, or we can’t shoot in their driveway. The challenge lies in the immediacy and complexity. Our company works like in Production 101 – you find a way to get something done. “

To work, the production company sends a digital file with their approved liabilities to CASH safely from the accounting software. CASHet identifies those vendors who can be paid for by credit card (which creates a discount on production that is important for tax credits) and those who are paid for using traditional banking methods.

In accordance with Studio’s security protocol standards, there is a two-step authenticated security approval process that can be performed remotely from any laptop or tablet. Finally, users will also be allowed to make payments using a mobile device.

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Mohegan Gaming & Leisure Proclaims Mohegan Digital, the Model’s Thrilling Growth into the iGaming Business

MGE has named Rich Roberts as President and Aviram Alroy as Vice President, Product of the iGaming Sports Betting Experience

UNCASVILLE, Conn., June 30, 2021 / PRNewswire / – Mohegan Gaming & Entertainment (MGE), Developer of impressive Integrated Entertainment Resorts (IER) worldwide, today launched Mohegan Digital. The brand’s iGaming division will be responsible for delivering cutting-edge online gaming solutions to Mohegan’s loyal fan base and growing the business to meet the needs of new customers on a global scale. As a priority, Mohegan Digital is creating an iGaming experience for its flagship property. Mohegan Sun Connecticutafter the state signed a law legalizing sports betting and online gaming. MGE has appointed Rich Roberts as president and Aviram Alroy as Vice President Product to lead these efforts and oversee digital operations.

Richard Roberts

“We have seen strong growth in digital gaming consistently across all of our properties, especially over the past year, and as legal sports betting continues to expand in the US, the time was right for us to launch Mohegan Digital,” said Ray Pineault, President and CEO of Mohegan Gaming & Entertainment. “Over the years, Mohegan has made great technological advances in the digital space and has worked with industry-leading partners to improve the online operations of casinos and sports betting with the latest technology. With Mohegan Digital, we want to expand and enhance these efforts to improve the experience and fulfill our promise to bring world-class entertainment to our guests on a digital scale Rich Roberts and Aviram Alroy At the top we are excited to see what Mohegan Digital will bring. “

Newly appointed President of Mohegan Digital to lead the MGE brand in the iGaming market
Rich Roberts brings a wealth of experience to his newly appointed position as President of Mohegan Digital. Roberts will oversee the successful operation of a premier digital iGaming and sports betting experience for Mohegan and will take the brand to new heights. In his role, Roberts will work closely with the executive team to bring industry-leading, world-class intellectual property to the digital world and bring Mohegan to passionate audiences of existing gaming and future iGaming customers around the world.

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Rich joins MGE from his most recent position as Executive Business Consultant for RSD Consulting, a consulting firm focused on helping companies enter the US sports media, regulated digital games and esports markets. Rich was previously CEO of FaceOff, a peer-to-peer platform for social / skill sports games in the United States

“I am honored to lead Mohegan Gaming & Entertainment’s expansion efforts into digital gaming and sports betting,” said Rich Roberts, President of Mohegan Digital. “This is an exciting new chapter in Mohegan’s history as we continue to innovate to meet growing consumer demands in this area. I look forward to working closely with the Mohegan tribe and senior management teams at Mohegan to do so.” to successfully expand the brand’s digital market. ” Presence.”

Meet Mohegan Digital’s Vice President Product
Aviram Alroy has been part of the Mohegan Gaming & Entertainment team since 2014 as Vice President of Interactive Gaming, a division that Mohegan Digital is now taking over. As the driving force behind the company’s iGaming efforts, Alroy’s contributions and leadership helped lay the groundwork for an incredible opportunity in many states and jurisdictions.

In his new role as Vice President Product, Alroy will be responsible for product strategy and the development and launch of online sports betting, iGaming solutions, websites and mobile apps on behalf of MGE and its brand partners.

“It’s an exciting time to be in the iGaming industry, especially now with more states including Connecticut go live along with sports betting and iGaming, “said Aviram Alroy, Vice President Product, Mohegan Digital. “My years of running Mohegan Gaming and Entertainment Interactive Gaming have given me the skills and vision necessary to usher in a new era for the brand, now that we are planning on not just stepping in Connecticut, but also Washington, Pennsylvania, the province Ontario and further federal states in the future.

To learn more about Mohegan Gaming & Entertainment, please visit: www.mohegangaming.com.

About Mohegan Gaming & Entertainment
Mohegan Gaming & Entertainment (MGE) is a master developer and operator of leading global integrated entertainment resorts, including Mohegan Sun in Uncasville, Connecticut, Inspire in Incheon, South Korea and Niagara Casinos in Niagara, Canada. MGE owns, develops and / or manages integrated entertainment resorts everywhere The United Statesincluding Connecticut, New Jersey, Washington, Pennsylvania, as well as North asia and Niagara Falls, Canada, and Las Vegas, Nevada. MGE is the owner and operator of Connecticut Sun, a professional basketball team from the WNBA. You can find more information about MGE and our properties at www.mohegangaming.com.

Contact: Kayla Frauenheim, mohegan@coynepr.com

Aviram Alroy

Aviram Alroy

Mohegan Gaming & Entertainment (MGE) (PRNewsfoto / Mohegan Gaming & Entertainment)

Mohegan Gaming & Entertainment (MGE) (PRNewsfoto / Mohegan Gaming & Entertainment)

Cision

Cision

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SOURCE Mohegan Gaming & Entertainment

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