NXChain Inc. Investor Update Dec. 2017

We at NXChain are very excited about our future prospects. In the last 60 days, we have made filings with the Securities and Exchange Commission (SEC) about appointing Hall and Company as new auditors in our efforts to bring our filing current.

To fully execute on selected opportunities available to us using NXChain’s blockchain platform, we have secured a $5 million financing round through L2 Capital. Along with this capitalization, we will be filing a new S1 form with the SEC in the next 90 days and registering previously issued “non-registered” shares. We are in process of moving from being a shell to exit stealth with our operations.

To protect our intellectual properties and our shareholders’ interests in Sweden, we have selected Magnusson Law to represent our interest in that region.

Our key success factors are not merely our blockchain solutions, code or other digital parameters – they are Speed, Stability and Simplicity


Over the last week, we have seen our stock price fluctuate dramatically. We attribute this fluctuation to activities associated with Bitcoin. While NXChain provides a full range of services in blockchain technology, we presently do not transact or mine Bitcoin.

Our key success factors are not merely our blockchain solutions, code or other digital parameters – they are Speed, Stability and Simplicity.

There are almost 1,000 different digital currencies in circulation, but none of them have managed to penetrate the key areas of use they are expected to fill: daily transactions, banking for the unbanked and microtransaction facilitation, which are our areas of focus.

Stockholm IT Ventures AB Acquires Wyrify from Consortium of Stakeholders Led by NXChain Inc.

LOS ANGELES, CA / ACCESSWIRE / September 29, 2017 /Stockholm IT Ventures AB (SITV) have completed the purchase, the Wyrtify blockchain payment technology for 3 million Euros in an all-share deal from a consortium of stakeholders led by NXChain Inc.(OTCQB:NXCN) The purchase has been made prior to the launch of the Wyrify ICO which is scheduled for the 6th of Oct. 2017.

Stockholm IT Ventures AB, listed on Börse Frankfurt (SVAB), have concluded the asset purchase transaction of the Wyrify Blockchain Payment Technology from a consortium of stakeholders led by NXChain, Inc, a company listed on the QB list on the OTC Markets Exchange in New York (NXCN.QB). The purchase was concluded ahead of the release of the Wyrify ICO, scheduled for the 6th to the 14th of Oct. 2017 with a range of partners. Wyrify utilizes a super-fast blockchain transaction layer to interface all integrated digital/crypto and fiat currencies at merchant transaction Point-of-Sales level, already having gone through development and pilot testing, ready for release with contracted customers in several markets.

The technology uses beacons to replace other POS equipment and a combination of apps and aligned technologies (NFC/Bluetooth) for instant payment facilitation. The Wyrify system has speeds similar to other systems used today, but at a fraction of the cost. The system has been in R&D since 2013, and has been tested with pilot customers since 2015. There are several customers moving from pilot testing to full operational status, including Macau Junket operations, through the Wyrify partnership with WI Holding in Asia. This partnership is expected to be major revenue driver in the Asia Pacific region for the combined company.

Wyrify is launching its own ICO on the 6th of Oct.2017 in collaboration with its Asian partners, on the Ethereum blockchain. It is anticipated to be the first ICO in history concluded by a listed company, giving token holders a 30 percent part of the revenue of the platform for five years. Wyrify and Stockholm IT Ventures AB targets raising $200 million in the Wyrify ICO.


“Customers can pay instantly with a wide range of digital currencies, if they have a sufficient number of coins in their wallet on our platform. We settle instantly and lock a matching number of the selected coin(s) in the customer wallet, following standard longer settlement procedures for bitcoin or other digital currencies to settle against the carrier currency with zero volatility. We keep exchange fees at a minimum, and merchant fees at a minimum. The hardware we aim to give for free to merchants worldwide, since the beacons used at POS are low cost and installs in seconds. We allow for microtransactions, thereby reaching the world population with smart/feature phones and not only those with credit cards. Merchants get fixed prices, zero volatility, zero chargebacks and instant full settlements. We expect this to become a game-changer for the POS terminal industry and possibly also the payment card industry.” -Henrik Onarheim, Wyrify founder.

“We’re integrating Wyrify with regular banking, so users will be able to pay their bills and arrange lending in fiat (normal) currencies. Through this, customers will have all their banking needs covered through the Wyrify platform. We can even furnish Wyrify users with Debit- and Credit cards to use where there are not yet Wyrify payment beacons in stores.” -Chakrit Ahmad, CEO of Expay Group (an integrated component of the Wyrify platform)

“We have been a key part of the Wyrify development with our core technology platforms based on digital currencies and mobile phone apps, and will continue a close working relationship with Wyrify as an important part of our services platform. We have strived not to focus on hardware development ourselves, despite the exceptionally important place hardware has in our service suite, and are very pleased to see this taken care of on a highly professional level by Wyrify.” -Sean Tabatabai, CEO of NXChain, Inc. (NXCN.QB, New York).

“I was shocked when I understood the potential of Wyrify, experiencing the technology live and speaking to pilot customers. This is so much more than just a payment platform; this is the beginning of a paradigm shift. This targets the whole world, solving a long list of payment transaction problems, giving merchant access to free digital payment tools. I expect Stockholm IT Ventures AB to benefit greatly from acquiring the Wyrify platform, continuing the long-running relationship with NXChain in the U.S. markets and our Asian partners.” -Wayne Lochner, Chairman of Stockholm IT Ventures AB.

Stockholm IT Ventures AB has moved out of a recent restructuring arrangement, as the new board have concluded a review of the business and established the focus of the business moving forward. As a result of this review, the board has invited Anthony Norman to rejoin the company as Group CEO.

“We are delighted to have Anthony rejoin us. He has been very much at the heart and soul of the business and guided it through some difficult times in the past. We are sure that Anthony will assist the board in guiding the company through what we feel are very exciting times ahead,” -Wayne Lochner, Chairman of Stockholm IT Ventures AB.

As a consequence of the transaction, Stockholm IT Ventures will propose to its members at the next General Meeting to change its name to Wyrify, and may change its ticker code to fully align with its new branding and purpose. Current lines of business may either be continued or sold as a result of the transaction.

Stockholm / New York / California, 28 Sept. 2017

Stockholm IT Ventures AB /NXChain, Inc. /Wyrify team


Ingenico buys Bambora – a match made in heaven?

In a deal announced July 20th, French hardware and software payment company Ingenico buys Swedish payment company Bambora for 1.5 billion Euro. So why would they do that?
First of all, Bambora is in competition with many of the largest payment companies in the world like Android Pay, Apple Pay, Alipay and not to mention PayPal. In correlation to these, they are a small fish but in a big pond. However, they have a lower transactional fee and some cutting-edge solutions benefiting both the seller and the buyer. Secondly, and probably most importantly; they were for sale!

Ingenico makes POS (Point of Sales) payment terminals used in over 100 countries worldwide. They also make a lot of software related to this, holding on to a lot of the payment chain. However, they do not have control over the actual payments, just the systems to handle them. With purchase of Bambora they will get control over transactions worth at least 55 billion Euros (2016) and quite a good customer base in the 10 countries Bambora are present in. Ingenico can now with their own presence and impact throughout the world, easily sell a full solution to their customer, regardless of channel. This means that they can control the whole payment infrastructure and transaction for their customers and probably to a lower cut and TCO than their competitors.
A lot has happened in the payment business over the last years. We have seen quite a large transformation from traditional cash payments to credit or debet cards as consumers shop online more than ever before. But though more and more Internet usage is originating from the phone and not PC’s, the conversion rate for shopping baskets made from phones are much lower than from PC’s. Nearly 40% lower. So why is that? Surveys show that shoppers give up on entering all information from their credit card onto the retailers payment page. Some retailers have tried to “circumvent” this by adding services like Android Pay, Alipay, Apple Pay and of course PayPal, but that may be giving away more percentage to these companies with often higher cost than directly to the credit card company or cooperating banks. Bambora has developed a small app that uses the phones camera and AI to read your card info and enter it into the check-out page of the retailer regardless of design.

Bambora was started by the Swedish based risk capital company Nordic Capital in 2013. They started it after convincing SEB to sell their international card handling platform to them for 2 billion SEK. Since then they have bought several companies for the same amount and started Bambora as we see today in 2014. Even from the start the company had 400 employees and several customers, so they did not start from scratch. However, investing approx. 420 million Euros and getting 1.5 billion Euros three years later, cannot be seen on other than a good investment. But of course, a risky one.

So why are we blogging about this? Well, it only shows that we are in the start pit of consolidation of companies like this, and thus also development of more equal looking, yet innovative, companies going further. Looking at the pricing in this transaction, we predict that many companies will try to achieve the same. But all this is “old school”. All transactions are with fiat money – good old cash but in different formats from card vendors like Visa, Mastercard and AmEx. Nothing digital – nothing new. Same shit, new wrapping. Why change a winning formula? Time will show that things will change – and change fast.

We note that the evaluation of a three-year-old company Bambora with a quite small transaction volume, is valued at 1.5 billion Euros. We only imagine what a company with transaction volumes of over 1 billion Euros a day would be worth. Take your seats and fasten your seat belts. This will go fast!

NXChain Inc. Acquires 49.9 Percent of ExPay Payment Platform in Asia

Facilitating Broad Integration of Digital Currency in the Digital Payments Markets

LOS ANGELES, CA / ACCESSWIRE / July 14, 2017 /NXChain Inc. (OTCQB:NXCN), a fully reporting Shell Company traded on OTCMarkets (“NXCN”), today announced its entry into a binding contract to acquire 49.9 percent of ExPay Asia, a privately-held payments company operating in the Asian market. The companies will work together to implement future payment solutions based on the digital assets platform developed by NXCN. NXCN has previously completed the purchase of digital currency backbone technologies from LXCCoin Ltd.UK, and this is an important step for the upcoming launch of services for the company. NXCN has been operating in stealth and will continue to do so for some time yet.

Foreign ownership is restricted in Thailand, and NXCN has requested regulatory clearances from BOI in regards to its foreign ownership. Once permission is granted NXCN may execute an option it is currently holding for a 51 percent majority ownership.

About ExPay Asia

The ExPay Group was formed in 2012 by finance industry executives to develop an open platform for online merchants incorporating intelligent back office solutions. The company has grown steadily and is currently turning over an approximate $40 million annually with a net result of $1.25 million. The company focuses on combining a range of innovative services to existing payment solutions and has through the partnership with NXCN already secured new business, aiming at doubling both turnover and result next year. More information can be found at http://expay.asia.

About NxChain, Inc.

NxChain, Inc. is a fully reporting and trading Company on OTCMarkets under the trading symbol NXCN.QB. The Company is growing its business through acquisitions and mergers of cryptocurrency companies and technologies to provide a fixed-price cryptocurrency platform to multiple levels of the financial industry in various markets worldwide. More information can be found at http://nxchain.com.

NXCN and ExPay are working jointly on constructing a digital currency gateway combining several technologies, including amongst others the NXCN-owned LXCCoin Digital Currency backbone.

Mr. Sean Tabatabai, CEO of NXChain comments: “We firmly believe that our platform of blockchain technology will induce a paradigm shift in the way we do transactions. Our team has worked on our platform extensively for years, and at present we are including certain other technologies to work in concert with our services. We have great faith in ExPay being a key component in our future business.”

Mr. Chakrit Ahmad, CEO of ExPay comments: “We expect blockchain to become a core of future money transactions, but until we started testing with NXCN and their stable currencies we did not see how volatile and/or slowly transacting digital currencies could be integrated into what we are doing. While still focusing on current business; we anticipate that being part of the NXCN technology platform presents some unique advantages and we look forward with excitement to releasing services together.”

Forward-Looking Statements

This press release contains forward-looking statements identified by words such as “estimate,” “project,” “expect,” “intend,” “believe,” “anticipate” and similar expressions. These forward-looking statements are made in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the execution or entry into a merger agreement on satisfactory terms; a decline in general economic conditions nationally and internationally; decreased demand for our products and services; market acceptance of our products; the ability to protect our intellectual property rights; the impact of any litigation or infringement actions brought against us; competition from other providers and products; risks in product development; changes in government regulation; the ability to complete customer transactions; and other factors relating to our industry, our operations and results of operations and any businesses that may be acquired by us.

You should not place any undue reliance on these forward looking statements, which speak only as of the date of this press release. Additional information concerning factors that might affect our business or stock price, which could cause actual results to materially differ from those in forward-looking statements is contained in NXChain’s filings, including quarterly and annual reports that we file with the Securities and Exchange Commission. Such forward-looking statements only speak as of the date of this press release. We undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise, except as otherwise required by law.

Press, Analyst, Investor Relations info@nxchain.com www.nxchain.com 17702 Mitchell North, Irvine, California, 92614

Media Contact Info:

Sean Tabatabai CEO NXChain Inc. info@nxchain.com 408-673-2464