Sisibox to Help Women with Menstruation Challenges
Finding real-world use for cryptocurrency that will attract mass adoption has been the aim of many crypto enthusiasts. However, it would seem that Don Gilead Oyendika Okolonkwo has found the perfect real-world use case. His solution is pegged on sanitary pads for women called SISIBOX.
How did Don Gilead, Chairman of BeepMagnet International Group get to create this awesome product pegged on cryptocurrency? He explains his journey, strengths and challenges with Cryptotvplus in an interview.
Before becoming the chairman of BeepMagnet and dabbling into the decentralized world, Don Gilead had always been a tech lover interested in finding alternative means of payment. He was the founding president of SaveQuick Cooperative Investment Limited in 2012, he also dabbled into e-Gold as a means of payment about 6 years ago. However, it was about 4 years ago that he had an encounter with cryptocurrency. He explained that he met Mr Greg, the PRO of the GoldCoin Community and that encounter fostered his interest in cryptocurrency. He added, “I heard about the name “Satoshi Nakamoto” and I decided to do my own personal research. I was intrigued about the power of decentralization, trust and the almost unhackable nature of the technology considering its mode of operation.”
GoldCoin was officially the first cryptocurrency project Gilead would be involved with. His passion to find out more about the benefits of cryptocurrency to the African continent led him to meet some amazing members of the GoldCoin community and eventually becoming a part of the community himself. In his own words,
My hunger to make this technology accessible to Africans led to my invitation to be part of the Core Team of GoldCoin Project to Lead Africa. Being in the team, I learnt a lot about Blockchain Technology and Cryptocurrency from the position of Technology, Innovation and Problem-solving.
He was fascinated by the blockchain technology and the possibilities it presented. To him, the technology provided a safer means of carrying out a transaction. He described it thus,
“I was fascinated by the process it would take to hack the blockchain, it would be better you follow the algorithm or rule embedded in the algorithm in other to be rewarded than to try to alter the record in the Ledger. To think about hacking the blockchain will mean to imagine altering all the computers that have a copy of the ledger.”
The Solution and the Challenges
After considering the immense benefit of the technology, it was time to create a solution that will solve the financial problems facing the African continent. His company BeepMagnet International Group formed the firm’s slogan “Matching Technology with Innovation” which symbolizes his zeal to solve real-life problems with the blockchain. He explained,
“As an African and as a Nigerian, there were many problems that GoldCoin could not solve. This was because it was an abstract that can only be understood by an intellectual since it cannot be connected to immediate proof of USE. It was almost impossible to get adoption in Africa. This was the trigger of developing a blockchain solution to solve African challenges.”
He, however, met with challenges on his way to creating a real-life use case of cryptocurrency in Africa including losing money in a lot of scam projects as well as finding it difficult to convince people of the true qualities of cryptocurrency because of the Multi-Level Marketing (MLM) and pyramid scheme notions attached to it.
Undeterred by the challenges, Gilead is working hard towards solving the challenges facing the African society. He explained,
“We missed out in the Industrial Age, we also missed out in the beginning when Bitcoin was at its inception stage. If we must stand tall, Africa needs to embrace Blockchain technology and cryptocurrency and implement this to solve specific problems. In the last 4 years, this is what BeepMagnet International Group is committed to actualizing.”
To Gilead, his definition of the blockchain is “a trusted record that is open, transparent and almost impossible to hack or alter. It is a record that is not controlled by an individual or a centralized system. This record keeps every detail to the minute of split seconds when the data was inputted. Time, date, unit, transaction number, a hash is encrypted using the most advanced security known as cryptography.” He believes that the blockchain is “the QUANTUM revolution that will advance Africa in the Social Economic placement among other continents.”
As the Chairman of BeepMagnet International Group, Gilead shared his passion for the blockchain space. He described the loyalty space as an untapped industry and described the industry as one he is passionate about revolutionising. He explained his efforts thus far, “We started the drive from the traditional point of view leading to the development of an offline payment solution that supported e-Thrift and Cashback to Cooperative Members. Later, we advanced to creating customized ATM Cards in partnership with local Nigerian Banks to give out Discount Cards that can be used to shop at patterning Merchant Stores when you are a holder of the Card. As time went by, we partnered with an International Company to provide this for Nigerians. The card was BeepXtra Cards.”
BMCT – Solution to Merchant Adoption
However, they ran into a hurdle and had to deal with the problem of merchant adoption. To create a solution, the BeepMagnet International Group had to develop the World’s Foundation of Consumer Loyalty known as BMCT (Blockchain Merchant & Consumer Token). The aim of creating this token is to strategically position Africa at the centre of the blockchain space. So far, the company has created 11 use cases in its drive to solve the problems common in Africa.
Sisibox – Proof of Use for BMCT
BeepMagnet has created several products solving real-world problems pegged on its cryptocurrency the Blockchain Merchant and Consumer Token (BMCT). And one of such problems is the problem of mass adoption of the blockchain technology. To encourage women into the space SISIBOX, a Premium Brand of Lady Sanitary was created as a proof of use for BMCT. The aim of this product is to encourage women into the blockchain space as well as provide a means providing women with emotional and financial support during their menstrual cycle. The unique feature of BeepMagnet’s product is that they are intertwined. Sisibox is a product under BeepHealthCare which is also a product of BeepMagnet which aims to give individuals and families access to premium healthcare insurance from the best hospitals in Nigeria. The company also has MobDoctor, a mobile application that connects Doctors and Patients all over the World. The aim of this product is to reduce improve medical consulting across the African continent.
Gilead reveals that the company also has a product to solve the problem of Mass adoption of blockchain by merchants globally called QDiscount. To solve the problem of remittance in Africa, BeepXchange, a subsidiary of BeepMagnet International Group was created. The company also has another product called Quick credit which aims to solve the problem of Credit Ranking although it is yet to be unveiled. The gaming sector is not left out as BeepMagnet spread its tentacles across industries. MobGames is a live game solution designed for live tournaments across GYMs and Hotels in Africa.
Gilead is not yet done with the blockchain space as he still has plans for the industry. He details his milestones to include; “Empowering and attracting women to blockchain using sisibox. It is our objective that every African lady takes advantage of sisibox. Sisibox premium brand of Lady Sanitary is made from the best materials. It contains Anion Sanitary Napkins, Panty Liners and Ovulation Strips and a crypto-fiat voucher that rewards every user with cashback in BMCT and Commissions in Fiat.” He also aims that in the following years, his company BeepMagnet will be able to see the release of its products to Africa in particular and the world at large. He also hopes that his firm will “lead the Development of a Blockchain Voting System that is rig and hack proof and can be deployed in any form of voting or poll system.”
Confident of how his projects are contributing to creating mass adoption in the blockchain technology, Gilead explains, “All our projects are not white papers. It started as a proof of concept to proof of use. All our projects are solutions to existing problems bedeviling Africa. We have integrated empowerment into all these projects to propel the will to act and attract as a lot of New Breed into our community.” He goes on further to cite examples stating that women can earn as much as 2 million Naira every four months through Sisibox. He also explained that MobDoctor will increase mass adoption as people are in need of consultancy services and for every time MobDoctor provides access to the best Quality Consultations from Qualified and renowned doctors across the globe, one more person has gained knowledge of the blockchain technology and its use case.
To have a great company one needs to be surrounded by a great team of individuals, Gilead shares with us information about his team and the driving force behind their success. “BeepMagnet International Team was drawn by the vision of the Group. The Team is dedicated as the see technology and innovation as a way of life. The attraction s decentralization and Interests protected in BMCT Blockchain which is the tie across all subsidiaries.” To inspire the team members the company has adopted a different business model. Gilead describes the model saying, our model is designed that everyone drives our business model with his or her ID No/Affiliate No. This means that as soon as you join BeepMagnet Group, you become a promoter or an ambassador. Whatever your effort achieves is 100% yours- this motivates everyone. I have also set an example for transparency, my team members are the first to hear the concept, we review, and we allow for joint contribution. So that makes it our project, whenever you see your contribution being implemented.” Gilead is really adopting the term decentralized in his organization.
When he isn’t working on his blockchain projects and travelling across the globe, Gilead can be found on Facebook, LinkedIn and on Twitter
PayPal has reached 85% of Binance.US Volume in first month of Crypto services
The payment giant company in the United States, PayPal is said to have reached a benchmark of 85 percent of the total trading volume of Binance.US; a cryptocurrency trading platform within its first month of operation. The payment company which was once skeptical about anything Bitcoin and cryptocurrencies launched and started offering cryptocurrency services to its users last month, October, 2020. This was made possible by a partnership between Paxos and PayPal to make cryptocurrencies available to users in the United states.
However, the daily trading volume has risen to 25 million dollars, a figure close to the total trading volume of Binance.US since PayPal launched. The figures on the trading platform of Paxos; itBit exchange rose from a daily figure of 5 million dollars to a whopping $25 million in November after a month of partnership with PayPal. Whether the partnership with PayPal is the reason for the spike in the daily trading volumes or other reasons are responsible for it, this remains unclarified.
PayPal has an estimated user base of over 346 million users over the world. Whether or not the partnership is responsible for the spike in the 24-hour trading volume on Paxos’s platform, offering crypto services on the platform is about to see a new level of adoption of cryptocurrencies worldwide.
Tola says he wants more big companies to go after PayPal’s footstep
Tola Joseph, the CEO and founder of twitterCryptomasterclass has expressed his views via his twitter handle (@connectwithtola) as regards the report about PayPal reaching 85 percent of the daily trading volume of Binance.US. He says he wants to see giant companies get involved in crypto and offer cryptocurrency services in a tweet.
He also included in another tweet what will happen in one year if PayPal’s one-month volume could be a competition to cryptocurrency exchanges. He included that he wanted the payment giant to offer cryptocurrency exchange services.
Singapore’s Largest Bank, DBS to Launch Crypto Trading & Custody Service
Singapore’s largest bank is reportedly making an inroad into the blockchain and cryptocurrency industry with the launching of a cryptocurrency trading and custody service.
The Bank DBS is also reportedly launching in addition a platform for conducting security tokens offerings STO. The trading service will support five major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Ripple (XRP), Bitcoin Cash (BCH) and Ethereum Classic (ETC).
The DBS cryptocurrency trading platform will also support four fiat currencies such as the US dollar, the Singaporean dollar, the Japanese Yen and Hong Kong dollar.
It’s revealed that using it’s STO features, businesses will be able to issue tokens. The bank further revealed the trading platform will not hold cryptocurrency rather, it’ll be held by the Bank itself. The bank said the service will offer “distinct advantages such as the assurance of institutional-grade security.”
While the move of the Bank to release its cryptocurrency offerings further validate the idea that blockchain technology will be adopted by businesses and government globally, and more Singaporeans will be able to conveniently purchase cryptocurrency, the Bank was quoted saying:
“DBS’ plans for a digital exchange are still [a] work in [progress], and have not received regulatory approvals. Until such time as approvals are in place, no further announcements will be made.”
A WordPress Plugin Now Allow Contents to be Time stamped on Ethereum
A WordPress plugin has been developed to allow WordPress users time stamp contents on the Ethereum Blockchain.
The plugin which was developed by an Amsterdam based firm WordProof helps WordPress website owners with Copyright issues by giving assurance to traders who the creator of a content and the integrity of same content considering blockchains cannot be tampered with.
WordPress is one of the largest Content Management Systems on the internet powering up multitudes of websites of various types.
The plugin was announced by WordProof on the 22nd of October, 2020 at the London BlockDown 2020 3D virtual blockchain conference. At the event, WordProof Head of Product, Jelle van der Schoot revealed the firms envision itself to be the most user-friendly timestamping tools for use across all Content Management Systems and e-commerce platforms.
According to WordProof, it also supports other blockchains such as Telos and EOS.
Speaking on the support of Ethereum on WordProof, Jelle van der Schoot said “Adding support for Ethereum marks an important step towards achieving this goal, so we’re excited to welcome the Ethereum community!”
It’s no doubt content theft is a serious challenge and alterations of published contents that could impact truth poses a serious concern to information flow. But with the ability to timestamp contents on WordPress just like Steemit and Hive blockchain blogging platforms, the defining features of blockchain become available to millions of WordPress users for use.
Other WordPress based crypto plugins
While the development of WordProof and its integration with Ethereum, it’s not the only WordPress plugin. Over the years, there has been several blockchain and cryptocurrency plugins offering features to enrich the WordPress user experience. There has been plugins that display cryptocurrency prices, plugins that allows automatic publishing to Steemit, that allows the buying of cryptocurrency amongst several others.
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