GCAC's New Efixii Uplift App Removes Middleman from Couponing
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Vancouver, BC - 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 new consumer-focused app named Uplift. Upon approval from both Apple and Android app stores, Uplift will be available to retail consumers in North America, Australia, and other select regions in April 2023.
Uplift will replace the current consumer version of Efixii. It will enable brands to generate NFT coupons and send them directly 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 have been purchased and scanned. Consumers will have the ability to share their 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 solution that helps companies drive sales, retain customers, and build brand value. It is offered as an affordable SaaS solution, where brands connect directly to consumers through truth-telling about their products on the Efixii blockchain. This story is viewed by a QR code, and consumers can provide their feedback on that same chain through Uplift. Because of the peer-to-peer connection of all supply chain stakeholders, Efixii disintermediates the requirement for traditional coupon clearinghouses, saving both time and money.
Digital couponing has grown significantly in the United States in recent years, as more consumers have embraced mobile devices and online shopping. In 2019, the total value of all coupons distributed in the US was $467 billion. Of that, only $3.6 billion worth of coupons were redeemed, which is also the total amount of savings consumers achieved [1]. This shift was likely accelerated by the COVID-19 pandemic, which prompted many consumers to shift their shopping online. According to a report by Inmar Intelligence, digital coupon redemptions accounted for 33% of all coupon redemptions in the first half of 2021, compared to FSIs, which accounted for 24 percent. Overall digital coupon redemption volume for 2021 YTD saw a 13% YoY increase from 2020, indicating continued and increasingly strong demand for both savings and the convenience of digital coupons [2].
Brad Moore, GCAC CEO, says “Uplift is the kingmaker of Efixii. Under the Citizen Green banner [3], we will start by providing discounted, safe medical cannabis coupons to countless American veterans [4] who do not have access to a federal program like their Canadian brothers. From there, we will expand into other consumer products that can be couponed and add value in their lives and those of family and friends.”
[4]https://www.ptsd.va.gov/professional/treat/cooccurring/marijuana_ptsd_vets.asp
About Global Compliance Applications Corp. “GCAC”
GCAC is a global leader in designing and developing innovative blockchain technologies and machine learning solutions to improve real-world businesses. GCAC's leading solution is Efixii, an Ethereum Layer 2 blockchain and EVM programming functionality that is on par with other Layer-2's, such as Polygon. GCAC can quickly connect each participant from product producers, distributors, manufacturers and retailers through a series of value chain dApps that allows for data connectivity to drive better consumer experiences and sales. GCAC created clearESG to assist businesses in communicating their sustainability goals and earned attributes on the blockchain through a series of ESG (Environmental, Social & Governance) merit badges. As an interconnected supply chain solution, the Efixii solution pays tokens for attesting to a product's value, or truthness, through a reward program. GCAC works in many agricultural industries providing a value-added blockchain offering through a cost-effective SaaS licensing model.
For more Company information, please visit www.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-Looking Information
This news release may include forward-looking information within the meaning of Canadian securities legislation concerning the business of GCAC. Forward-looking information is based on certain key expectations and assumptions made by the management of GCAC. Although management of the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because GCAC can give no assurance that they will prove to be correct. Forward-looking statements contained in this news release are made as of the date of this news release. GCAC disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
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