Serge Belamant And The Blockchain Wave

Serge Belamant, and his company Net1 have embarked on a wide-ranging mission to bring their proprietary blockchain debit/credit system to the mass market. There are many of us that consider that information revolution that started in the 80s and continues to this day to be the defining movement of the 20th and 21st centuries so far. However, there is another technology that is set to be even more defining blockchain tech.

Net1, along with blockchain and crypto expert Serge Belamant are sitting on an incredibly new technology that has the potential to change everything when it comes to how and where we process transactions. Right now, this technology is poised to allow Net1 to create substantial free cash flows in the financial technology space. The stock is currently undervalued, which means that that generated cash flow has the potential to buy all of the current shares of Net1 on the market prior to the finish of the last quarter in 2023.

Their technology, which is patented, is located on a small credit or debit card that is accepted at any merchant that currently has EMV capability. EMV stands for European Master card Visa. These cards use DLP or distributed ledger technology to allow customers and merchants to utilize the blockchain when making financial transactions. Serge Belamant has decided to give this gift to the world with Net1 behind him.

One major difference between standard debit and credit systems and the new Serge Belamant led efforts is the fact that they do not need to be connected to a central server to process transactions. In truth, they do not even need a power source. The way the cards work is by being plugged into a battery POS system which can then check cards anywhere. There does not need to be a connection to a central server because they use the power of the blockchain to verify, rather than normal cards.

There are many new developments in tech, but none that are as exciting as the debit and credit blockchain tech being developed by the fine folks at Net1 alongside Serge Belamant.

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Wes Edens The Ultimate American Businessman

Wes Edens, an American businessman is not only a private equity investor, but he is also the owner of the sports team, Milwaukee Bucks. As the Co-Founder of Fortress Investment Group, he is committed to the relationship he has with his other partners and investors.

Starting his career early in life, Wes Edens began practicing with this marketplace when he joined Lehman Brothers in 1987. He later became a partner and a managing director in 1993, furthering his career for the purpose of preparing to become a principal partner in a larger company. It was in 2007 that an article published in The Wall Street Journal described his methods as creative financing. This led up to Fortress Investment Group preparing for their buyout in 2007. This was when Wes Edens and his partners hcose to take the company public, allowing for their IPO. The year 2009 was beyond promising for the group, with the company selling an 8% share to the public, resulting in more than $600 million return.

Investment vehicles for the group were more than plentiful as the company continued to grow. The millions in assets that they had under their wing for management included both private and public equity funds. With more than 13 private equity funds, and four hedge funds, the five principals of the group became billionaires just prior to their ability to go public.

The year 2009 became an earmark for Wes Edens, as he became the Co-Chairman of their Board of Directors this year as well as increasing profits. During the time of financial crisis, when mortgage companies began closing their doors, the stock prices began to fall. This wasn’t unusual during a time like this, but they began to offer subprime lending in an attempt to regain their footing. This led to him spearheading the Fortress Transportation and Infrastructure Investors in year 2015 to May 2016.

Soon after, the group made an announcement, that they were going to release their very own esports team, for the purpose of gaming known as Fly Quest. Today, this team is part of the League of Legends, and they currently compete in the North American League of Legends Championship Series.

Today, Wes Edens finds himself in charge of their private equity investing as well as the Chairman of Nation Star Mortgage, a branch of Centex Home Equity.

Visit More : www.bloomberg.com/news/articles/2018-07-20/billionaire-sawiris-wes-edens-to-buy-aston-villa-club-stake