Note: The bill, known as the GENIUS Act, is the first major crypto legislation ever passed by Congress. It now heads to President Trump's desk.
SmartCard Marketing Systems Inc. (SMKG:OTC) is a leading provider of PAAS “Platforms as a Service” for advanced financial, digital assets and paytech solutions, dedicated to transforming the digital finance landscape. With a focus on innovation and customer-centric services, SmartCard Marketing Systems Inc. empowers businesses and financial institutions to optimize their digital payments and financial strategies and achieve sustainable growth.
CEO Massimo Barone stated " this is one of those major events that we have been investing, developing and striving on. Our vast digital tech portfolio and embedded payments create and important delivery system for Banks and Enterprises that want to not only enable payment rails, open Crypto channels, support Stablecoins and Digital Assets but enable their merchant portfolios and large retail customers. Our customer line up of MSBs, EMIs and Enterprises testing the payment flows with on/off-rampiing is impressive”.
Genius act Key Points
· The GENIUS Act establishes the first federal framework for dollar-pegged stablecoins, granting sweeping authority to the Department of Treasury and opening the door to banks, fintechs, and retailers.
· Democrats failed to secure a provision barring the president from profiting, even as Trump disclosed earning $57 million from token sales in 2024 alone.
· Industry giants like Amazon and Walmart are reportedly moving toward stablecoin-style offerings as payment networks brace for disruption.
Senate passes landmark GENIUS Act stablecoin bill
OUR KEY CONTRIBUTING FACTORS:
SmartCard Marketing Systems Inc. aligns with several key industry trends in the fintech and paytech sectors.
Here's how:
The company offers a PayTech strategy for Embedded Payments and Blockchain Integration:
1. Platform as a Service (PaaS): Their PaaS offerings cater to BFSI and Telecom sectors, emphasizing digital transformation and scalability. This aligns with the industry's shift towards cloud-based solutions and multi-tenant platforms.
2. BAAS “Banking as a Service”: Now empowered with a Banking and Trust partnership with a Crypto License in the USA, the company can deliver large enterprises with Digital Banking named accounts, FBO “For Benefit Only” accounts, multi FX Settlement and Clearing solutions for Faster Transactions (collection and payouts), Banking4.0 for domestic and transactions across the globe.
3. Cross-Border Payments: With solutions like Axepay, the company addresses the growing demand for seamless cross-border digital payment systems, stablecoins, a critical trend in global commerce.
4. Digital Identity and Automation: Their focus on digital ID, e-KYC/e-KYB, and payments automation reflects the industry's move towards streamlined and secure processes.
5. Digitization and Issuance of Tangible and Intangibles: The company offers a Crypto global strategy, and the technology for ICO “Initial Coin Offerings” and IEO “Initial Exchange Offerings” on multiple Crypto Exchanges across the globe.
6. Expansion into Web3: The company's ventures into Web3.0 offerings and enabling Marketplaces, Ecoverses and Metaverses highlight its adaptability to emerging technologies and virtual economies.
7. Card Payments Processing Host Strategy: With robust Paytech architecture solutions like Xpay World Wide, the company addresses the growing demand for accelerating development of Card Payment Solutions for Banks, Payfacs and TPPs across the globe by also enabling Crypto Rails right into the Point-of-Sale and SoftPos.
About SmartCard Marketing Systems Inc. (OTC:SMKG) is a boutique technology company, providing Digital Transformation, Business Intelligence and PAAS Commerce Strategies with a proprietary portfolio of applications for Banking4.0, Web3.0 and Digital Payments4.0. For more info visit https://www.smartcardmarketingsystems.com or visit our business applications marketplace at https://www.emphasispay.com
We seek a safe harbor.
For additional enquiries & Enterprise Program connect with:
Dharmesh Vora
President Enterprise Solutions
SmartCard Marketing Systems Inc.
dvora@smartcardmarketingsystems.com
CEO, Massimo Barone mbarone@smartcardmarketingsystems.com
OTC:SMKG Ph: 1-844-843-7296
news@smartcardmarketingsystems.com
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Contact: SmartCard Marketing Systems Inc. (OTC:SMKG)
Email:sales@smartcardmarketingsystems.comor Ph: 1-844-843-7296