APP:CC - GCAC's New Efixii Uplift App Removes Middleman from Couponing
(TheNewswire)
Vancouver, B C - TheNewswire - March 7, 2023 - Global Compliance Applications Corp. (“ GCAC ” or the“ Company ”) (CSE:APP ) ( FSE:2FA ) ( OTC:FUAPF) is pleased to announce that it will be launching a newconsumer-focused app named Uplift. Upon approval from both Apple andAndroid app stores, Uplift will be available to retail consumers inNorth America, Australia, and other select regions in April2023.
Uplift will replace the current consumer version ofEfixii. It will enable brands to generate NFT coupons and send themdirectly into the ETH wallets of consumers who have downloaded Uplift.Uplift will have a new user interface, the ability to invite a friend,and dynamic product feedback questions based on the products that havebeen purchased and scanned. Consumers will have the ability to sharetheir NFT coupons with others, driving further downloads of Uplift.For a preview of Uplift, please click here:https://efixii.io/consumer_app/.
GCAC’s Efixii is an Ethereum Layer-2 Web3.0 solutionthat helps companies drive sales, retain customers, and build brandvalue. It is offered as an affordable SaaS solution, where brandsconnect directly to consumers through truth-telling about theirproducts on the Efixii blockchain. This story is viewed by a QR code,and consumers can provide their feedback on that same chain throughUplift. Because of the peer-to-peer connection of all supply chainstakeholders, Efixii disintermediates the requirement for traditionalcoupon clearinghouses, saving both time and money.
Digital couponing has grown significantly in the UnitedStates in recent years, as more consumers have embraced mobile devicesand online shopping. In 2019, the total value of all couponsdistributed in the US was $467 billion. Of that, only $3.6 billionworth of coupons were redeemed, which is also the total amount ofsavings consumers achieved [1]. This shift was likely accelerated bythe COVID-19 pandemic, which prompted many consumers to shift theirshopping online. According to a report by Inmar Intelligence, digitalcoupon redemptions accounted for 33% of all coupon redemptions in thefirst half of 2021, compared to FSIs, which accounted for 24 percent.Overall digital coupon redemption volume for 2021 YTD saw a 13% YoYincrease from 2020, indicating continued and increasingly strongdemand for both savings and the convenience of digital coupons[2].
Brad Moore, GCAC CEO, says “Uplift is the kingmakerof Efixii. Under the Citizen Green banner [3], we will start byproviding discounted, safe medical cannabis coupons to countlessAmerican veterans [4] who do not have access to a federal program liketheir Canadian brothers. From there, we will expand into otherconsumer products that can be couponed and add value in their livesand those of family and friends.”
[4] https://www.ptsd.va.gov/professional/treat/cooccurring/marijuana_ptsd_vets.asp
About Global Compliance ApplicationsCorp. “GCAC”
GCAC is a global leader in designing and developinginnovative blockchain technologies and machine learning solutions toimprove real-world businesses. GCAC's leading solution is Efixii, anEthereum Layer 2 blockchain and EVM programming functionality that ison par with other Layer-2's, such as Polygon. GCAC can quickly connecteach participant from product producers, distributors, manufacturersand retailers through a series of value chain dApps that allows fordata connectivity to drive better consumer experiences and sales. GCACcreated clearESG to assist businesses in communicating theirsustainability goals and earned attributes on the blockchain through aseries of ESG (Environmental, Social & Governance) merit badges.As an interconnected supply chain solution, the Efixii solution paystokens for attesting to a product's value, or truthness, through areward program. GCAC works in many agricultural industries providing avalue-added blockchain offering through a cost-effective SaaSlicensing model.
For more Company information, please visitwww.gcac.tech or review its profiles on www.sedar.com and on the Canadian Securities Exchange's website www.thecse.com .
GCAC Press Contact
Phone: +1 (800) 409-5679
Email: info@gcac.tech
www.gcac.tech
Forward-LookingInformation
This news release may includeforward-looking information within the meaning of Canadian securitieslegislation concerning the business of GCAC. Forward-lookinginformation is based on certain key expectations and assumptions madeby the management of GCAC. Although management of the Company believesthat the expectations and assumptions on which such forward-lookinginformation is based are reasonable, undue reliance should not beplaced on the forward-looking information because GCAC can give noassurance that they will prove to be correct. Forward-lookingstatements contained in this news release are made as of the date ofthis news release. GCAC disclaims any intent or obligation to updatepublicly any forward-looking information, whether as a result of newinformation, future events or results or otherwise, other than asrequired by applicable securities laws.
The Canadian Securities Exchange hasnot reviewed and does not accept responsibility for the adequacy andaccuracy of this information.
Copyright (c) 2023 TheNewswire - All rights reserved.