InFocus Secures $1.52M Deal for Stablecoin Payment Platform with GBO Assets

Frugl Group Limited ( (AU:IFG) ) just unveiled an update.

InFocus Group Holdings Limited has secured a USD 1.52 million agreement with GBO Assets Ltd to develop a cross-border stablecoin-based payments platform. This project, expected to generate USD 1.5 million in revenue over 24 months, will enhance InFocus’s positioning in the fintech industry by showcasing its capabilities in AI-driven solutions and digital asset management. The project will be executed in four phases, from system architecture design to platform launch, and aims to facilitate seamless cross-border remittances and currency exchanges using stablecoins. This engagement further solidifies InFocus’s strategic focus on expanding into new markets and products, following a previous USD 2.5 million contract with GBO Assets for a digital gaming product.

More about Frugl Group Limited

InFocus Group Holdings Limited is a data analytics and software solutions company that specializes in enterprise-scale software engineering and data analytics. The company focuses on developing digital solutions leveraging technologies such as artificial intelligence, machine learning, digital assets, and big data.

YTD Price Performance: -25.00%

Average Trading Volume: 2,690,596

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$2.74M

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