Hi B3Xers! 👋 Here's a summary of the topics discussed in the last AMA with our CEO Guillermo Vicandi:
➡️ BNEXT RESULTS IN 2023
We are very happy with all the work we have done this year. In 2022 we obtained 1M€ in revenues and 8M€ in losses and after much effort, this year we closed 2023 with 12M€ in revenues and 2M€ in profits, making us a self-sustainable company.
Part of this profitability is due to our agreement with Correos, with whom we collaborated on their Correos Prepaid Card, the "Youth Cultural Voucher-Bono Cultural" offered by the Government, and the "Shopping Cart Voucher - Bono Cesta" from the Valencian Government. These programs have led us to close the Correos year with 700,000 customers in only 6 months approximately.
➡️ RÊV AND BNEXT
As you know, we are in the final phase of the purchase, which is the "Change of Control" by the Bank of Spain. This process usually takes time, and once completed, the operation will be considered 100% finalized, allowing the integration of both companies and the official announcements in the media.
Rêv already has similar licenses in other countries such as the United Arab Emirates, Australia, Mexico... so we remain calm and optimistic.
As for Ouro Global, it will be the parent company encompassing Netspend, Rêv and Bnext, but it will not be a commercial brand.
➡️ PROJECTS IN 2024
Bnext as a brand will disappear and become X World Wallet. This app is already available in the United States and serves as a multi-currency wallet with a loyalty program, while retaining some of Bnext's current functionalities such as the cryptocurrency wallet, for example.
X World Wallet has a loyalty program where users earn "X Points" for their transactions, which they can redeem for cashbacks, discounts or exclusive experiences.
We are currently sponsors of major brands in the U.S. and are negotiating with several brands here, including gaming platforms, multiple airlines and major sports franchises such as Real Madrid or La Liga for exclusive experiences, such as having your child walk onto the field with a soccer player during a specific match.
➡️ FUTURE OF B3X
B3X will be integrated into these loyalty programs within X World Wallet, allowing the exchange of tokens for X Points and access to cashbacks, discounts or experiences globally and not limited to holders in Spain. The tokens used to exchange for X Points will be burned which will make the token deflationary.