Vancouver, British Columbia, Canada, May 25, 2023 – Global Compliance Applications Corp. (“GCAC” or the “Company”) (CSE: APP, FSE: 2FA, OTCQB: FUAPF), a leading chain-of-custody compliance and data platform, is pleased to announce the launch of its groundbreaking Efixii Uplift app, now available on both the Apple and Android app stores .
The couponing market in the US has seen significant growth, driven by the increasing adoption of mobile devices and online shopping. With US shoppers redeeming $3.1 billion in coupons in 2020, the market presents a substantial opportunity for engagement and savings. Uplift is poised to seize this opportunity by leveraging the Efixii blockchain and new smart contract capabilities to revolutionize consumer interaction and traceability across multiple industries.
Uplift heralds a new era in customer loyalty and rewards programs, with its unique Non-Fungible Token (NFT) coupon feature. Brands issue unique, blockchain-based coupons as NFTs, offering consumers claimable cash discounts on a diverse range of products and services. These coupons can be redeemed at participating retailers, driving increased footfall and consumer engagement.
"Uplift is more than just an app. It's a revolution in consumer engagement, brand promotion, and product traceability. We're incredibly proud to be at the forefront of this shift, paving the way for a more decentralized, transparent, and customer-centric future," says Brad Moore, CEO of GCAC.
The launch of the Uplift app underscores GCAC's vision for a future where blockchain technology becomes integral to everyday consumer interactions. By creating an innovative platform that caters to digital-savvy consumers, GCAC is leading the shift from traditional digital couponing to a web 3.0 blockchain-enabled model.
A noteworthy application of the Uplift coupon program is the Citizen Green Project , which provides military veterans with coupons for discounted medical cannabis, making essential health services more accessible to those who have served.
Moore concludes, "With Uplift and the Citizen Green Project, we're not just talking about potential—we're showing real-world applications of blockchain technology. We're thrilled to offer solutions that drive business growth while also making a positive impact on our communities."
GCAC is a global leader in designing and developing innovative blockchain technologies and machine learning solutions to improve real-world businesses. GCAC's leading solution is Efixii, an Ethereum Layer 2 blockchain and EVM programming functionality that is on par with other Layer-2's, such as Polygon. GCAC can quickly connect each participant from product producers, distributors, manufacturers and retailers through a series of value chain dApps that allows for data connectivity to drive better consumer experiences and sales. GCAC created clearESG to assist businesses in communicating their sustainability goals and earned attributes on the blockchain through a series of ESG (Environmental, Social & Governance) merit badges. As an interconnected supply chain solution, the Efixii solution pays tokens for attesting to a product's value, or truthness, through a reward program. GCAC works in many agricultural industries providing a value-added blockchain offering through a cost-effective SaaS licensing model.
This news release may include forward-looking information within the meaning of Canadian securities legislation concerning the business of GCAC. Forward-looking information is based on certain key expectations and assumptions made by the management of GCAC. Although management of the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because GCAC can give no assurance that they will prove to be correct. Forward-looking statements contained in this news release are made as of the date of this news release. GCAC disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.