CEO of #GopherProtocol (OTCQB: $GOPH)
and Founder/CEO of #Spare Discuss Acquisition Synergies for
SPARE #PaymentTechnology that Turns any Cash Register into an ATM
Companies Mentioned: Gopher Protocol Inc. (OTCQB: $GOPH), PayPal Holdings (
$PYPL), Apple ( $AAPL), SAMSUNG ( $SSNNF)
Point Roberts, WA, January
22, 2018 – ( www.investorideas.com newswire) Investorideas.com,
a global news source covering leading sectors including payments and
cryptocurrency issues exclusive Q&A commentary with Gregory Bauer, CEO of
Gopher Protocol Inc. (OTCQB: GOPH) and D’ontra Hughes, Founder and CEO of Spare (https://gotspare.com) following news Gopher has entered an initial agreement term to acquire 50% of
Spare CS Inc.
Spare
is a mobile ATM network platform using new paradigms and software to provide
unique financial services to the unbanked and underbanked, as well as adding
convenience to the banked population. The SPARE mobile network simplifies safe
access to money by employing a unique security system to create convenient
access to cash from virtual currency to the "real" world.
Gregory and D’ontra
discuss why this recent acquisition marries the two companies business models
synergistically and how the end result allows Gopher access to millions of new
customers for their products and services.
Interview: D’ontra Hughes, Founder and CEO of Spare
Q: Investorideas.com
D’ontra, can you explain
how the Spare App works and provides
convenience for consumers creating cash on the go; acting as an ATM in multiple locations?
A: D’ontra
Hughes, Founder and CEO of Spare
As a user, you can choose
from multiple payment options within the wallet section to fund your SPARE
account. Once funds have been uploaded, you can make a request to one of our
merchant locations which will grow to just over 15,000 locations within the
next year. The user goes to the location, presents phone with secure code; they
are given cash and they are on their way.
Q: Investorideas.com
What is your current
customer and retail base and what scale-up capabilities do you have to grow the
App?
A: D’ontra
Hughes, Founder and CEO of Spare
SPARE has a little over 10,000 users; MAU ~20%, -2500
locations. As the company engages with Gopher we will see registration of users
climb to just over 300,000 and are expecting the same MAU, perhaps a little
higher, boasting over 15,000 locations.
Q: Investorideas.com
Can you talk about the
partnerships with PayPal, Apple and Samsung and how users can connect their
accounts to Spare and access various virtual currencies?
A: D’ontra
Hughes, Founder and CEO of Spare
SPARE does not have a “partnership” with any of the companies
above. However, we utilize their publically available API to facilitate
transactions. One of the primary benefits of the partnership with Gopher is
that they will be a wallet solution that will allow for a greater range of
access to the un/under-banked community. We see great possibility in the growth
of SPARE’s initial offering to this base of users as the partnership matures.
Interview: Gregory Bauer, CEO of Gopher Protocol Inc.
(OTCQB: GOPH)
Q: Investorideas.com
Greg, can you share why
you targeted the Spare acquisition and what synergies you saw between the two
companies?
A: Gregory Bauer, CEO of Gopher Protocol Inc. (OTCQB: GOPH)
As the technology
acceptance among our targeted demographic grows in the virtual card space and
the need to constantly be looking for reasons to help our customers creates
door swings, we see SPARE and its products as a way to help us make our
technology offering so compelling to our customers, it has a net effect that it
is all positive for all parties customers; for theirs and ours. As for the future benefit to rolling out other
new GOPH technology on our network, this should help create a solid proven
network and with reliability and security within every transaction.
Q: Investorideas.com
In terms of the previously
announced encryption technology Gopher has developed, how do you see
integrating that to add another level of security to the Spare App?
A: Gregory Bauer, CEO of Gopher Protocol Inc. (OTCQB: GOPH)
We are working on Spare being
part of our Beta Encryption project to help us to define its commercial and
monetizing potential for the future. We currently
have in the works an end-to-end solution that should help in the security of
all types of transaction and data downloads across many different platforms.
Q: Investorideas.com
In terms of growing your customer base and introducing Gopher’s
products to a completely new customer base, how do you see this rolling out?
A: Gregory Bauer, CEO of Gopher Protocol Inc. (OTCQB: GOPH)
GOPH owns 100% of UGOHUB a retail distribution point for all
things prepaid as well as a point of distribution of private label cellular
Accessory lines. Along with these
agreements with our customers, we control and supply all of POS onsite and the marketing
onsite surrounding these types of products and store initiatives. We have access to all types of data allowing
us direct marking access points from the POS, with both the in-store and web
campaigns and the social media side of things. I believe the convenience of
Spare adds to the products we have and our strength will be in being able to highlight
Spare as one of the most convent products that a consumer can use.
For a comprehensive list of publicly
traded tech and payment stocks visit:
About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) (http://gopherprotocol.com/) is a development-stage company
which consider itself Native IoT creator, developing Internet
of Things (IoT) and Artificial Intelligence enabled mobile technology. The Company has a portfolio of Intellectual
Property that when commercialized will include smart microchips, mobile application
software and supporting cloud software.
The system contemplates the creation of a global network. Gopher believes this will be the first system
that is developed using artificial intelligence based analysis engine. The core of the system will be its advanced
microchip technology that can be installed in any mobile device worldwide,
Gopher envisions an internal, private network between all enabled mobile
devices providing shared processing, advanced mobile database
management/sharing and enhanced mobile features.
Forward-Looking Statements
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future events based on certain assumptions and include any statement that does
not directly relate to any historical or current fact. Actual results may
differ materially from those indicated by such forward-looking statements as a
result of various important factors as disclosed in our filings with the
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Gopher Protocol, Inc. (OTCQB:
GOPH) is a featured tech stock on Investorideas.com
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