NEW YORK, NY, March 31, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Dear Cashmere Holding Company (OTC: DRCR), known as Swifty Global (Swifty), is a technology company focused on creating breakthrough solutions in the financial and sports betting industries. The company has developed two disruptive mobile apps (apps) for sports predictions and a digital wallet that encompasses artificial intelligence (AI) and cryptocurrency/blockchain transactions.
Following the award of the Curacao license in November 2021, Swifty is now pleased to announce that it has successfully obtained its UK gaming license. The coveted UK license is the ‘Gold Standard’ and one of the most difficult gaming licenses to obtain in the world. Its price now allows Swifty to download its highly anticipated Swifty Predictions app from the UK Apple and Android stores, allowing users in the UK to download the app and register their account. Additionally, Swifty completed their 3rdparty security audit and now adds relevant payment providers. This could not take place until the British license was approved. Once the payment gateway is online, the software will undergo certification which, once achieved, will be made available in licensed regions. Swifty’s in-house development team is working overtime to ensure the product goes live as quickly as possible. The commercial team is also working on obtaining several other game licenses, including for certain states in the United States.
To grow its user base in licensed regions, Swifty is preparing to roll out its aggressive marketing plan, with the initial goal being to capture as many users as possible as quickly as possible. From now on, the highly interactive Swifty predictions app brings users a new form of engaged betting that Swifty says will drive a substantial amount of viral marketing.
Following the successful “soft launch” of its digital wallet during the month of March, where several thousand users downloaded and used Swifty’s preconfigured digital currency wallet, the official launch of the Swifty Wallet and Swifty Predictions apps will take place. in May. The official launch features are expected to encompass several celebrity endorsements.
The Swifty wallet will offer a referral system within the wallet itself. This will allow users to refer the app to other users, earning credits which will be redeemed against the Swifty Token. The Swifty token is expected to launch once Swifty’s user base reaches critical mass. The company expects this to happen in the fall of 2022. Referral vouchers will also double to enter referrers into the weekly sweepstakes.
Swifty will aggressively target the UK market to quickly gain a lucrative share of the existing market while creating a new category of gambling with its proprietary ‘swipe’ technology for micro betting. This will create a new market of users who appreciate a more social, fun and engaging form of gaming. According to the UK Gambling Commissioner, the UK online sports betting and casino gaming market was worth £6.9 billion between March 2020 and April 2021. This represents an increase of 18.4% on the previous year. Despite the size of the UK market, there are only 287 companies licensed to operate remote betting and 469 companies licensed to develop gaming software in the UK.
Swifty Global CEO James Gibbons commented: “We are delighted to have finally obtained this license after months of process to demonstrate our compliance. We have always been confident of getting the license because, in addition to our compliance, our technology, our AML and KYC capability is both next-gen and world-leading. However, it was a process that we had to go through, and we are very happy to finally be in the game within one of the busiest and most lucrative gaming markets in the world. We’re excited to launch the Swifty Predictions app, especially as it’s just weeks away from the successful launch of our Swifty Wallet. I am extremely proud of what we have achieved and incredibly optimistic about our next quarter of business and beyond.
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For more information on the latest company news, please check out their communication channels:
Swifty Wallet Website: https://www.swifty-wallet.com
Swifty forecast website: https://www.swiftypredictions.com
Email: [email protected]
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