- Published: 24 January 2018
- Written by Investor Ideas
Companies Mentioned:Gopher Protocol Inc. (OTCQB: $GOPH), PayPal Holdings ( $PYPL), Apple ( $AAPL), SAMSUNG ( $SSNNF)
Point Roberts, WA, January 22, 2018 – ( www.investorideas.comnewswire) 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.
Read this news in full at http://www.investorideas.com/CO/GOPH/news/2018/01221SPARE.asp
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.
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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 Intelligenceenabled 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.
Relevant filings: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12478331
Forward-Looking Statements
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