WENZHOU, China, Jan. 31,
2025 /PRNewswire/ -- ZK International Group Co.,
Ltd. (Nasdaq: ZKIN) ("ZK International" or the
"Company"), is pleased to announce that its subsidiary, xSigma
Corp., continues its commitment to technological advancements by
planning the launch of xSigma Wallet, a next-generation
crypto banking wallet that will enable users to
seamlessly buy memecoins and cryptocurrencies using
Visa / Mastercard credit cards, Apple Pay, PayPal, and Google
Pay.
As part of this initiative, xSigma Wallet will also introduce
its own xSigma Visa credit card, allowing users to top up their
balance with crypto, providing greater accessibility
and flexibility for digital asset holders.
A FinTech Platform Built for Security &
Convenience
xSigma Wallet will be regulated in the U.S. and serve customers
in over 170 countries, ensuring compliance with financial
regulations while providing users with a secure and trusted digital
asset experience. The wallet is being developed by the xSigma team,
with regulated financial services provided by a white-label
provider.
Key Features of xSigma Wallet:
- Buy Crypto & Memecoins – Users can
purchase popular cryptocurrencies instantly with
credit cards and Apple Pay.
- xSigma Visa Credit Card – A crypto-backed
Visa card, enabling users to spend their digital assets
easily.
- Secure & Regulated – Registered in the U.S.,
ensuring a compliant financial framework.
- White-Labeled Platform – Designed to be branded and
operated under xSigma's ecosystem.
- Non-Custodial Storage – xSigma will offer a secure,
non-custodial way to store memecoins and major
cryptocurrencies.
- On-Ramp Services – The wallet will provide simple
fiat-to-crypto on-ramp services, allowing users to buy
memecoins with minimal effort.
- Strategic Partnerships – xSigma plans to partner with
various memecoins to become their official on-ramping partner.
Strong Market Demand for Memecoins & On-Ramp
Services
The recent traction of Trump's memecoin and Moonshot, a
competing app that processed a record-breaking $400 million in trading volume on day one,
indicates a strong demand for seamless on-ramp services for assets
like memecoins. xSigma Wallet aims to meet this growing need by
offering a frictionless and compliant way to purchase, store, and
spend digital assets.
"At xSigma, we are committed to driving innovation in the
digital asset space," said Mr. Huang Jiancong, Chairman of ZK
International. "The launch of xSigma Wallet is a major step forward
in providing users with a secure, regulated, and user-friendly way
to engage with cryptocurrencies and memecoins. As the
market evolves, we aim to set the standard for compliant and
seamless on-ramp solutions."
Looking Ahead
The launch of xSigma Wallet represents another milestone in
xSigma Corp.'s strategy to stay relevant in blockchain innovation
and the digital infrastructure of tomorrow. More details, including
launch dates and platform availability, will be announced in the
coming months.
For
more information please
visit www.ZKInternationalGroup.com. Additionally,
please follow the Company
on Twitter, Facebook, YouTube,
and Weibo. For further information on the Company's SEC
filings please visit www.sec.gov.
About xSigma Corp.
xSigma Corp. is a blockchain R&D lab and a subsidiary of ZK
International Group Co., Ltd. (Nasdaq: ZKIN). The company focuses
on decentralized finance (DeFi),
blockchain-based payments, and financial technology
innovations.
About ZK International Group Co., Ltd.:
ZK International Group Co., Ltd. is a China-based
engineering company building and investing in innovative
technologies for the modern world. With a focus on designing and
implementing next-generation solutions through industrial,
environmental and software engineering, ZKIN owns 28 patents, 21
trademarks, 2 Technical Achievement Awards, and 10 National and
Industry Standard Awards.
ZKIN's core business is to engineer and manufacture patented
high-performance stainless steel and carbon steel pipe products
that effectively deliver high quality, highly-sustainable and
environmentally sound drinkable water to the Chinese, Asia and European markets. ZK
International is Quality Management System Certified (ISO9001),
Environmental Management System Certified (ISO1401), and a National
Industrial Stainless Steel Production Licensee. It has
supplied stainless steel pipelines for over 2,000 projects, which
include the Beijing National Airport, the "Water Cube" and "Bird's
Nest", which were venues for the 2008 Beijing Olympics. ZK
International is preparing to capitalize on the $850 Billion
commitment made by the Chinese Government to improve the quality of
water, which has been stated to be 70% unfit for human contact.
Safe Harbor Statement
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. Without limiting the generality of the foregoing, words
such as "may," "will," "expect," "believe," "anticipate," "intend,"
"could," "estimate" or "continue" or the negative or other
variations thereof or comparable terminology are intended to
identify forward-looking statements. In addition, any statements
that refer to expectations, projections or other characterizations
of future events or circumstances are forward-looking statements.
These forward-looking statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict and many of which are
beyond the control of ZK International. Actual results may
differ from those projected in the forward-looking statements due
to risks and uncertainties, as well as other risk factors that are
included in the Company's filings with the U.S. Securities and
Exchange Commission. Although ZK International believes that
the assumptions underlying the forward-looking statements are
reasonable, any of the assumptions could prove inaccurate and,
therefore, there can be no assurance that the results contemplated
in forward-looking statements will be realized. In light of
the significant uncertainties inherent in the forward-looking
information included herein, the inclusion of such information
should not be regarded as a representation by ZK International or
any other person that their objectives or plans will be achieved.
ZK International does not undertake any obligation to revise the
forward-looking statements contained herein to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
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SOURCE ZK International Group Co., Ltd.
