TORONTO, ON / ACCESSWIRE / June 3, 2021 / DigiMax Global Inc. (the "Company" or "DigiMax") (CSE:DIGI)(OTC PINK:DBKSF), a company that provides artificial intelligence ("AI") and cryptocurrency technology solutions, is pleased to provide this press release update from its strategic investment partner, Kirobo Inc.
Kirobo Makes ‘Undo Button' Available for USDT, BNB, UNI, Sushi, Chainlink, & KIRO Transactions
PRESS RELEASE. Tel Aviv - June 2, 2021 - Kirobo, a leading cryptocurrency solutions developer, has announced that its crypto transfer ‘undo button' is now available for transactions involving UNI, Chainlink, BNB, USDT, Sushi coin, as well as its native utility token KIRO. This extends the reach of Kirobo's solution to over 4.5 million holders of these coins.
The ‘undo' solution, which has so far only been deployable for BTC and ETH transactions, represents Kirobo's first product, and allows users to reverse a crypto transfer sent in error - eliminating the myriad of human error risks inherent to the execution of crypto transactions. The company plans to integrate its solutions across several crypto exchanges over the course of 2021.
Kirobo has already created logic layers over the Bitcoin and Ethereum network, and is rolling out advanced services and solutions on top of this layer. The logic layer functions by providing a unique transaction code that must be entered by the recipient in order to receive funds from the sender. Until the recipient has entered the correct code, the sender may retrieve the funds at any time.
Tel Aviv based Kirobo is a blockchain technology company that provides state-of-the-art tools to crypto users and companies, helping them gain better control of their money. Kirobo is currently helping large scale intermediaries, crypto exchanges and payments companies offer their users unprecedented levels of transaction security.
Earlier in May 2021, Artificial Intelligence and cryptocurrency technology solutions provider DigiCrypts Blockchain Solutions Inc. (DigiMax) announced a strategic investment in Kirobo, geared towards expediting the release of Kirobo's soon to be launched crypto management, custody and trading products. Kirobo also recently announced the addition of crypto pioneer Brock Pierce to its Advisory Board, where he will provide strategic guidance around the global launch of the company's portfolio of products. Pierce previously co-founded EOS Alliance, Block.one, Blockchain Capital, Tether, and Mastercoin and currently serves as Chairman of the Bitcoin Foundation.
Kirobo has also developed a range of additional bespoke solutions tailored to crypto holders and merchants - designed to further improve the DeFi ecosystem. Those solutions are set for release over the course of Q2 and Q3. Elements of Kirobo's new tech solutions have helped the company yield two highly revered grants from the Israel Innovation Authority.
Commenting on the announcement, Asaf Naim, Kirobo CEO said: "The entire spectrum of crypto users, from entry level participants to seasoned traders, stand to benefit greatly from Kirobo's breakthrough transaction ‘undo' feature, which eliminates the risk of fund losses due to human error. As the crypto landscape continues to evolve, with mainstream and institutional involvement intensifying, this type of robust transaction safety net will become an industry centrepiece. We've all heard the horror stories of funds being sent to the wrong address or the wrong type of address.
At Kirobo, we want to make crypto management as seamless and secure as online banking, and ultimately, grant crypto users better control of their money. Crossing this threshold represents a very important stage in the ongoing maturity of crypto finance, and further illustrates the viability of blockchain as a store of value. In the weeks and months ahead, we will be making our transaction undo feature available to more coins, and unveiling new features that will revolutionize the way funds are handled in the wider crypto space - underlining our credentials as the enablers of risk-free crypto transactions."
For more information on Kirobo's Retrievable Transfer feature, please visit undo.kirobo.me.
About Kirobo
Kirobo has a single mission: to provide crypto users and companies with state-of-the-art tools to gain better control of their money. We do that by offering our users secure and straightforward solutions, making crypto management, custody, and trading a no-brainer. Kirobo is the proud recipient of two grants from the Israeli Innovation Authority - making it the only blockchain technology company to achieve that milestone.
Kirobo Contact
Adan Kedem
Chief Marketing Officer
adan@kirobo.io
About DigiMax
DigiMax is a technology company committed to unlocking the potential of disruptive technologies by providing advanced financial, predictive, and cryptocurrency solutions across various verticals. DigiMax is an official IBM Watson partner, and the Company's engineering team has extensive experience in Machine Learning, Neural Language Processing, AI, Big Data and Cryptocurrency technology.
To learn more, visit our website: https://digimaxglobal.com/
Contact:
Martti Kangas
Investor Communications
647-521-9261
mkangas@digimax-global.com
Chris Carl
President & CEO
416-312-9698
ccarl@digimax-global.com
Cautionary Note Regarding Forward-looking Statements
This press release contains "forward-looking statements or information". Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements about the Company and Kirobo Inc.'s future plans, expectations and objectives.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The Company may not actually achieve its plans, projections, or expectations. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning the future plans of Kirobo Inc. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the benefits and uses of our software, the pricing and availability of our software, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the platforms and software described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, consumer sentiment towards the Company's products and services, failure of counterparties to perform their contractual obligations, government regulations, competition, loss of key employees and consultants, and general economic, market or business conditions, the impact of technology changes on the products and industry, the ability for Kirobo Inc. to complete its business objectives, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
SOURCE: DigiMax Global Solutions
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