I don’t think it will drop. On the contrary, they’re raising fund, so those investing surely see value. Plus getting the option extended and the corporate adviser recruited. So all positive, imo. I really thought I had lost my money, but now I see profit, lol, a lot more of it hopefully.
Sanboy, I think the token are ready to be released right after the otc. I believe it’s been planned thus: release the platform (yesterday), wait for the otc to then release the token news to give the yankees/institutions investors meat on bones to chew.
If you’re investor why do you then want to make people believe Mode is about bitcoin which is not true, adding mode sp will drop? Unless you’re trading it. Bitcoin and other cryptos have been flying over the last 24 hrs, contrary to your post. And so why didn’t Mode sp go up, just as it didn’t fall as you suggested? Stop suggest a link between Mode to bitcoin, that’s not Mode!s core product or offering, but a convenient sideshow. Mode is about open banking providing a digital payment facility for merchants with instant payment, cutting down intermediaries and cost eg Visa/MasterCard’s.
Why should mode drop because of bitcoin falling? Bitcoin is not a core product of Mode. And on the contrary the volatility the last few days -and May it last- generates more revenues for Mode through transactions, as per mode and the CEO in last Thursday presentation. I am amazed some investors don’t seem to understand what Mode is about.
Traderdan, your debit card/your card details can be stolen, copied etc, even your email and password hacked. But no one can copy your fingerprint or Face ID for the app. So wouldn’t you rather use Mode app with your Face ID or fingerprint? Plus teenagers, young people and students almost all prefer to use digital app, not to mention the additional perks eg bitcoin, cash back, personalised shopping etc…. The potential for mode is huge if they get it right and with Rita being ex Alipay’s Europe CEO, I have no doubt they will.
Having the ex CEO of Alipay Europe says all for me. Mode isn’t building from scratch, Rita has all those merchants contacts of Alipay Europe. Listen to her and see how confident she is. Just 1% of Alipay’s revenues is £1 billion for Mode, not to mention bitcoin where it goes up or down, as Mode makes its money from transactions and the more volatility in btc as we are seeing the last few days and more to come, the more revenues for Mode.
RE: Off topic - Digital coin jar, Shrap15 May 2021 12:09
Crocqman, interesting company and article. Goes to show the innovation and opportunities of open banking. bodes well for mode to innovate further as the potential is enormous with more and more innovation to target. These incumbents fintech will accelerate the growth in the sector and with merger and acquisition along the way, both between small cos and big financial institutions to take them over as competition heat up and companies such as Visa & MasterCard wouldn’t want to lose their market share to these incumbents or other institutions taking them over. I see the likes of Mode doing what Microsoft did to IBM, Apple to Nokia ie the adoption of a mass financial market innovative product by small companies becoming giants (MS/Apple) leaving the established institutions behind (IBM/Nokia).
Poulden’s trip, a sign of announcement being imminent12 May 2021 20:55
Clearly chairman Poulden’s trip to Gibraltar was to sign some contract with the lawyers, as negotiations would have been done over zoom given the lockdown, which also advise against travel unless necessary. Interested he retweeted Gupta’s tweet about his meeting with the lawyers. Gupta also tweeted at the weekend about dealing with the lawyers and looking forward to get on with the tech. So I’d expect some rns by Friday or early next week.
Tiggs352, my previous post was to you. More to improve your reading skills if not deramping ie cheating:
“Founder Jonathan Rowland will remain as Chairman, working closely with Ryan to shape Mode's growth trajectory for the years ahead....... Ryan has over a decade of experience scaling and leading large global teams, deploying novel technologies across new markets and successfully executing high growth strategies. He has significant experience advising financial services companies on the adoption of new technologies as well as M&A transactions. As CEO, Ryan will oversee Mode's day to day strategy and help drive and deliver the Group's ambitious growth strategy, innovative product launches and customer acquisition targets.”
Is that a mistake on your part because of poor reading skills or poor deramp? Johnathan REMAIN Chairman. He’s had 2 jobs (in addition to running a bank, a 3rd) relinquishing one to Ryan as CEO who has been a director from start and is a BIG INVESTOR in Mode is an excellent news: a testament to the fact Mode is at an inflexion point for accelerated growth that Johnathan can NO LONGER do on his own cause it require too much energy, time and effort from one person.
“The global fintech sector is FAST EVOLVING and Mode is PIONEERING the DEVELOPMENT of a TRULY DIGITALLY-NATIVE FINANCIAL SERVICES ECOSYSTEM. I’M EXCITED to have Ryan join US so that TOGETHER WE can continue to drive this innovation and DELIVER on Mode's goal to build an all-encompassing ecosystem where wealth creation and value exchange is seamless for all economy participants."
RE: Ex SEC chief regulator on blockchain/ crypto potential11 May 2021 12:44
I don’t think realise the huge potential of vlrm with Gupta’s involvement. Surely he can only improve on what he’d been involved with ethereum knowing the nuts and bolts of cryptocurrency and blockchain.
Ex SEC chief regulator on blockchain/ crypto potential11 May 2021 11:52
Prof Gensler was the head of SEC, US equivalent of our FCA (F*C* All-PIs) and spent 18 years at Goldman Sacks, worked with US treasury, redesigned the dollar, dealt with financial crisis of 90s and later crisis inc 2008 etc. Very interesting lecture on blockchains/cryptocurrency mentions, smart contract. He sees blockchain/cryptocurrency potential to transform and democratise global finance.
He compares bitcoin market in 2018 (lecture year) of $200 billion with over $300 trillions of global financial market suggesting this huge market Blockchain to potentially revolutionise.
RE: Ex SEC head on blockchain and cryptocurrency potential on global financial market11 May 2021 09:04
The funny yet distressing incident he cites in the lecture, years ago a guy bought 2 pizzas worth $40 for 10,000 bitcoins, after a 3rd attempts (if only he didn’t persist lol)....worth today $550 million. Hope he hasn’t gone crazy or worse.