ISTANBUL: Jamal al-Isawa, a Palestinian detained for 60 days in the Gaza Strip where the Israeli army has continued its attacks for nearly seven months, said he was subjected to various forms of torture during his detention. 'Don't ask me about the torture they inflicted on us there. Let no one say that there is any humanity in the state of Israel, there is no humanity in them,' Jamal al-Isawa told Anadolu. Isawa said soldiers detained him at the al-Shifa Hospital in Gaza City. 'They put me in a truck with some young people and took me to a remote area. Then they put us in a detention center,' he said. 'They tortured us constantly. I don't have the strength to speak. The place was full of young people, they tore many of them away from their families.' On the treatment by soldiers, Isawa said he was dragged on the ground and beaten. Israel released 61 of the many Palestinians it detained during ground attacks it launched on Gaza on Oct. 27 last year. 'These 60 days are gone from my children's lives' 'Whe n Ramadan came, we thought 'there might be a little humanity in the state of Israel,' but there is no humanity in them,' he stressed. Pointing to health problems he suffered as a result of torture, he noted: 'I cannot stand on one of my legs, and I had an open heart surgery." "They ruined us, and I don't know what to do. I was being held there for 60 days, the most difficult days of my life. We were counting the hours and minutes of each day.' Stating that soldiers kept him in an unknown place, Isawa added: 'These 60 days were taken from the lives of my children, sacrificed from the lives of my daughters. I did not see my father for 60 days and I did not know who survived in my family.' He said: 'As soon as I leave the hospital, I will kiss the land I stepped on, they deprived me of it. Alhamdulillah (praise God), I saw my children and my family well, with whom I was reunited.' The Israeli army has detained thousands of Palestinians, including women, children, and health workers, since it began its groun d invasion. Although Israel has released some it detained, the fate of others is unknown. Israel has launched a brutal offensive on Gaza since a cross-border attack by the Palestinian group, Hamas, on Oct. 7, which killed less than 1,200 people. More than 34,600 Palestinians have since been killed and over 77,900 injured amid a tight siege imposed by Israel, which left the entire population, especially residents in northern Gaza, on the verge of starvation. Nearly seven months into the Israeli onslaught, vast swathes of Gaza lay in ruins, pushing 85% of the enclave's population into internal displacement amid a crippling blockade of food, clean water, and medicine, according to the UN. Israel is accused of genocide at the International Court of Justice, which has ordered Tel Aviv to ensure its forces do not commit acts of genocide and take measures to guarantee that humanitarian assistance is provided to civilians in Gaza. * Writing by Serdar Dincel from Istanbul Source: Anadolu Agency
Trkiye jumps to 4th in Europe for international investment, tops investor picks: Investment office
ANKARA: Trkiye last year rose to fourth place in Europe in attracting the most international investment projects, according to the Turkish Presidency Investment Office. "Trkiye has become a prominent destination for investors with its strategic location and strong investment environment. The $10.6 billion in international direct investment we attracted in 2023 is the most concrete sign of this success," said Burak Daglioglu, the office's head. A report by audit and consulting firm EY found a significant fall from the previous year in foreign direct investment (FDI) projects in Europe for the first time since the pandemic, blamed on factors such as low economic growth, high inflation, rising energy prices, and geopolitical risks, he said. He said 5,694 investment projects were announced in Europe, down 4% from the previous year. The number of projects in Europe was 11% below its level in 2019 and 14% below the 2017 peak, according to Daglioglu. "International direct investment projects in the service sect ors dropped significantly, while the fall in the manufacturing sector was limited to 1%," he said. Daglioglu added that France led in attracting the most projects last year but saw a 5% decline from 2022. The UK, in second place, saw a 6% annual rise in projects, while Germany, at third, suffered a steep 12% drop in project numbers. Trkiye jumped from 5th place to 3rd Daglioglu said Trkiye has maintained its steady rise in attracting the most international direct investment in Europe in the post-pandemic period. "Trkiye ranked seventh in the European league in 2020 and fifth in 2022. The country rose to fourth among the top 10 countries, attracting 375 international direct investment projects in 2023. With a 17% rise from the previous year, Trkiye also ranked first among the top 10 countries in terms of growth in 2023. "While there was an overall drop in the number of manufacturing projects across the continent, the restructuring of supply chains and factors such as supply from nearby countries enabled a few continental countries, including Trkiye, to attract more manufacturing projects," he noted. 'High-level investment experience for global investors' Daglioglu underlined that Trkiye is an attractive investment destination at the global level, as it works to offer a high-level investment experience to international investors who come to the country. "Despite the slowing investment trend across Europe, Trkiye has become an attractive center for international investors by strengthening its infrastructure and diversifying its economy. We find it extremely positive that we have overtaken Spain and settled in fourth place after France, Britain, and Germany," he said. Daglioglu said Trkiye has consistently maintained its leading position in investments, particularly in the manufacturing sector, across Central and Eastern Europe, the Mideast, and North Africa over the past decade. "We're the country that attracts the most manufacturing investments, attracting 21.7% of manufacturing investments in these region s. Since 2013, we've also been the top country in attracting the most expansion investments, drawing 19.1% of expansion investments," he said. Source: Anadolu Agency
Turkish deputy foreign minister, China’s special Eurasia envoy talk efforts to end Ukraine war
ANKARA: Turkish Deputy Foreign Minister Burak Akcapar discussed efforts to end the war in Ukraine with China's special representative for Eurasian affairs on Saturday. Akcapar and Li Hui discussed "international efforts to end the war in Ukraine with a just and lasting peace," Trkiye's Foreign Ministry said on X, without providing further details. Russia's war on Ukraine, which broke out in February 2022, has claimed the lives of at least 10,500 civilians and injured more than 20,000 others, according to UN figures. Source: Anadolu Agency
ROSEN, GLOBAL INVESTOR COUNSEL, Encourages SSR Mining Inc. Investors to Secure Counsel Before Important May 17 Deadline in Securities Class Action First Filed by the Firm – SSRM
NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of SSR Mining Inc. (NASDAQ: SSRM) between February 23, 2022 and February 27, 2024, both dates inclusive (the “Class Period”), of the important May 17, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.
SO WHAT: If you purchased SSR Mining securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the SSR Mining class action, go to https://rosenlegal.com/submit-
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) defendants materially overstated SSR Mining’s commitment to safety and the efficacy of its safety measures; (2) SSR Mining engaged in unsafe mining practices which were reasonably likely to result in a mining disaster; and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the SSR Mining class action, go to https://rosenlegal.com/submit-
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
——————————
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
GlobeNewswire Distribution ID 9111010
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Sonder Holdings Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – SOND
NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Sonder Holdings Inc. (NASDAQ: SOND) between March 16, 2023 and March 15, 2024, both dates inclusive (the “Class Period”), of the important June 10, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.
SO WHAT: If you purchased Sonder securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Sonder class action, go to https://rosenlegal.com/submit-
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Sonder failed to disclose all issues with its internal controls; (2) Sonder’s financial statements for the 2022 Annual Report and the interim periods ended March 31, June 30, and September 30, 2023 contained material errors in the way Sonder accounted for the valuation and impairment of operating lease right-of-use (“ROU”) assets; (3) as a result, Sonder would need to restate its previously issued financial statements for those periods; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Sonder class action, go to https://rosenlegal.com/submit-
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40thFloor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
GlobeNewswire Distribution ID 9111005
ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Rivian Automotive, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – RIVN
NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Rivian Automotive, Inc. (NASDAQ: RIVN) between March 1, 2023 and February 21, 2024, both dates inclusive (the “Class Period”), of the important June 18, 2024 lead plaintiff deadline.
SO WHAT: If you purchased Rivian securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Rivian class action, go to https://rosenlegal.com/submit-
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Rivian had overstated demand for its products, as well as its ability to withstand negative, near-term macroeconomic impacts; (2) accordingly, Rivian’s business was experiencing reduced demand and increased customer cancellations as a result of, inter alia, high interest rates; (3) as a result, Rivian’s order bank had significantly deteriorated; (4) all of the foregoing was likely to, and did, negatively impact Rivian’s anticipated earnings and vehicle production targets for 2024; and (5) as a result, Rivian’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Rivian class action, go to https://rosenlegal.com/submit-
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
GlobeNewswire Distribution ID 9110992
ROSEN, THE FIRST FILING FIRM, Encourages Sharecare, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – SHCR
NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Sharecare Inc. (NASDAQ: SHCR) between May 10, 2023 and March 28, 2024, both dates inclusive (the “Class Period”), of the important June 18, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.
SO WHAT: If you purchased Sharecare securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Sharecare class action, go to https://rosenlegal.com/submit-
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Sharecare lacked adequate internal controls; and (2) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Sharecare class action, go to https://rosenlegal.com/submit-
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
——————————
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
GlobeNewswire Distribution ID 9110991
ROSEN, LEADING INVESTOR COUNSEL, Encourages Plug Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PLUG
NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Plug Power Inc. (NASDAQ: PLUG) between May 9, 2023 and January 16, 2024, both dates inclusive (the “Class Period”), of the important May 21, 2024 lead plaintiff deadline.
SO WHAT: If you purchased Plug Power securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Plug Power class action, go to https://rosenlegal.com/submit-
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Plug Power overstated its ability and/or efforts to mitigate the negative impacts that, inter alia, supply chain constraints and material shortages could have or were having on Plug Power’s hydrogen business, as well as the sufficiency of its cash and capital to fund its operations; (2) Plug Power continued to experience delays related to its green hydrogen production facility build-out plans, as well as in securing external funding sources to finance its growth plans; (3) Plug Power downplayed the true scope and severity of all the foregoing when these issues were eventually revealed; (4) as a result of all the foregoing, Plug Power also overstated the near-term prospects of its hydrogen production operations, as well as the viability of expanding those operations; and (5) as a result, Plug Power’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Plug Power class action, go to https://rosenlegal.com/submit-
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
GlobeNewswire Distribution ID 9110989
WadzPay Plans to Expand Portfolio into Stablecoin Business
Welcomes Jason Sarria-Solis to Lead the Venture. Reporting to Jason will be the product head for the business line Mr. Dinesh Kr
WadzPay Plans to Expand Portfolio into Stablecoin Business
WadzPay, a leading fintech company specialising in blockchain based technology for virtual asset payment solutions, is proud to announce its plan to enter the Stablecoin business, marking a significant expansion of its offerings. With a steadfast commitment to innovation and addressing evolving market demands, the company has strategically positioned itself to capitalise on the growing opportunities within the virtual asset financial services space.
SINGAPORE, May 03, 2024 (GLOBE NEWSWIRE) — WadzPay, a leading fintech company specialising in blockchain based technology for virtual asset payment solutions, is proud to announce its plan to enter the Stablecoin business, marking a significant expansion of its offerings. With a steadfast commitment to innovation and addressing evolving market demands, the company has strategically positioned itself to capitalise on the growing opportunities within the virtual asset financial services space.
This also marks a shift in Wadzpay’s strategy to elevate itself from being a blockchain based virtual asset payments company to a blockchain financial services solutions provider. The decision to venture into the Stablecoin market comes as a response to the increasing demand for secure, transparent, and efficient digital payment solutions worldwide.
According to recent market research by Bernstein, the global market for stablecoins is projected to grow from $125 billion to almost $3 trillion in next 5 years. This growth is fueled by factors such as the rise of decentralised finance (DeFi) applications, cross-border remittances, and the need for stable digital assets to mitigate volatility risks in cryptocurrency markets.
By leveraging blockchain technology, WadzPay aims to provide users with a reliable alternative to traditional fiat currencies, offering stability, convenience, and speed at lower cost in transactions for merchants, businesses and individuals worldwide. With a focus on compliance and regulations, WadzPay is poised to address the growing demand for stablecoins while ensuring security and regulatory compliance in its operations. Apart from the traditional use cases, WadzPay will add some new and innovative uses of stablecoins to the mix.
WadzPay will introduce two main products: Stable Coin as a Service and its own regulated USD$ Stablecoin, designed for local and international payments, cross border remittances, and settlements of on-chain transactions related to RWA.
The new solutions will be organised as a new business and new brand. To ensure regulatory compliance, WadzPay will set up a new entity and will pursue approvals in UAE, Hong Kong, and Singapore.
With this strategic move, WadzPay aims to innovate in solving foreign exchange problems and will introduce an innovative first-in-market business model, setting itself apart from competitors. WadzPay will build a world class team under the new leadership to drive this business.
Founder & Group CEO of WadzPay, Mr. Anish Jain, emphasised the strategic significance of this expansion, stating, “Our entry into the stablecoin business reflects our dedication to meeting the evolving needs of our customers and staying at the forefront of technological innovation. With the growing adoption of virtual assets, particularly stablecoins, we see tremendous potential for growth and are excited to offer our expertise in this space, while remaining committed to compliance and regulations.”
To lead this strategic initiative, WadzPay is pleased to welcome Mr. Jason Sarria-Solis as the President – Emerging & New Business in charge of the stablecoin business. With over 20 years of experience in the technology and fintech industry, Mr. Jason brings a wealth of knowledge and a proven track record of driving business growth and innovation. He has led multiple projects spanning from founding and scaling a successful telecom startup in the UK to leading digital banking, embedded finance, and blockchain projects in Asia.
Commenting on his appointment, Mr. Jason Sarria-Solis expressed his enthusiasm, stating, “I am thrilled to join WadzPay at such a pivotal moment in the company’s journey. The stablecoin market presents immense opportunities for disruption and advancement in the payments, remittance, and on-chain settlement space, and I look forward to leading our team in delivering innovative solutions that meet the needs of our users and drive the company’s growth.”
WadzPay remains committed to its mission of revolutionising the virtual asset financial services landscape with blockchain technology, and the expansion into the stablecoin business marks a significant milestone in this journey. With a focus on technological excellence, customer satisfaction, and strategic partnerships, the company is poised to emerge as a key player in the financial services ecosystem.
WadzPay was founded in 2018 in Singapore with a commitment to drive financial inclusion and revolutionise the virtual asset financial services landscape. It is a leading global blockchain-based technology provider for virtual assets. The company’s innovative platform available as a SaaS offering provides secure, efficient, and transparent technology solutions, catering to businesses (B2B) and consumers (B2B2C). WadzPay works with large international companies, banks, and fintechs to enable virtual asset-based transaction processing, custody, and settlement. It operates across geographies spanning Asia Pacific, the Middle East, Africa, Europe, and the Americas.
For more information, visit www.wadzpay.com
Media Contact
PR and Communications
+919654930523
A photo accompanying this announcement is available at https://www.globenewswire.com/
GlobeNewswire Distribution ID 9110730