March 2018
Vol 6 | Issue 177

Q&A with Jack Brown

Co-Founder & CEO of Social Wallet.

Principle Series:

Please join Family Office Insights for this luncheon on Friday, March 30th at 12PM. If you care to join us, please email admin@familyofficeinsights.com.

 

Family Office Insights sits down with Jack Brown to discuss the opportunity earn more about Social Wallet. Social Wallet is a new cryptocurrency company based in the USA that is currently going through a Token Sale that allows for the first time in the industry for peer to peer transfer of cryptocurrency over numerous social media networks like Facebook, Twitter, YouTube and all email providers. Social Wallet is currently conducting a Token Sale which ends on April 27th or when the “wire” tokens are sold out. Wire Tokens are available at a price of $0.15 with a special bonus offered for this event of 25%.

 


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Tell us about your background and your company, Social Wallet.

I have a BS in Business with a double major in Marketing and Finance from Florida Southern College. After University, I served in the United States Military. I am a serial entrepreneur with more than 25 years of experience in launching startups as both a founder and marketing consultant. My first start up launched during the 90s dot com boom, and was called SportsLinkReview, a sports fan appreciation site where you could follow your favorite sports teams. My most recent startup experience as founder and CEO was with PartnerShipPlus, a startup that partnered with vocational rehabilitation facilities to help disabled people return to work by providing financial resources and job training. I am a disabled veteran myself and am active in the disabled community and passionate about trying to get our veterans back to work.

I read an article on bitcoin and it fascinated me. I wanted to jump in and do my research on this, so I took a year off of work to take a deep dive into cryptocurrency and volunteered at different communities, where I came across some interesting people with interesting insight. We founded Social Wallet together to address a need in the evolving crypto market. Social Wallet makes it easy for people to share cryptocurrency on social media. We’re the first company to truly integrate cryptocurrency into social media. Crypto is still very new and a lot of people struggle to understand it, so our platform allows people to share insights on multiple social channels. Social Wallet also facilitates the sharing of tokens and transacting through social networks. People are able to send and accept crypto through Facebook, Twitter, email and soon we are about to add YouTube, Instagram and WeChat with Google+ and Linkedin soon to follow.

We have a platform that is built and ready for launch at the end of our token sale, which will run up until April 27th. Wire Tokens are available for purchase on our website at www.socialwallet.io. Wire Tokens are required to conduct transactions on the Social Wallet platform. In addition to the ability to transfer WIRE peer to peer, they are also needed to serve as the gas that fuels the platform. Wire Tokens have a set price of $0.15, but they can be purchased at a discount if you act now. There are only 250 million Wire Tokens available and by owning them, you can take part in supporting the actual blockchain itself by running masternodes or by staking tokens in your wallet.

Who are Social Wallet’s target clients?

Everyone knows how hard it is to explain to new people what cryptocurrency is, so Social Wallet is perfect for those wanting to educate and share with family and friends on social media. Our audience is the current users of crypto that want to educate other people or start using Social Wallet as a payment application instead of the existing platforms with high fees like Western Union or Paypal. We are also targeting new users to cryptocurrency on social media because our platform is really easy for people to use which is great for someone just learning about cryptocurrency.

How are you different from your competitors? Who are your key competitors?

Our main competitor is Reddcoin. They are a successful company ranked in the top 100 on Coin market cap. They have been trying to do what we are doing for years. They have been able to enable some limited functionality, but it’s very limited and very complicated to use. Our technology is much easier to use. For instance you can send someone funds in just 4 clicks and we have 14 of the top social networks being added to our platform. Also we can let any coin in the community use our technology so that coins could enable the sending of their tokens on social media – we’re the only ones with that ability. So we have more social networks available to us and our platform is easier to use and we can essentially license our technology to anyone. We also have a debit card we are adding which is a major advantage; everyone wants to be able to spend their cryptocurrency as they’re walking down the street to buy a cup of coffee and we’re going to make that happen.

What are some of the challenges you face in your market?

There’s a lot of competition in this market, which makes it hard to stand out. Fortunately for us, we were able to build something that no one else has and that is really helping us stand out.

Also people see so many stories questioning the legitimacy of cryptocurrency, which is why it was important for us to be a US registered corporation unlike a lot of other companies in this space. We follow all the laws and are compliant with all regulations and have our identities linked to our company unlike so many other cryptocurrencies.

One last challenge for this market is the status of the current regulations right now. As new regulations are being finalized and issued, we welcome and encourage others out there to know what the official rules are so it’s easier to weed out those who can’t comply.

How are you changing the landscape of your industry?

Everyone in crypto wants others to understand what they’re doing and why they’re so passionate about crypto. We’re trying to simplify the industry for all the coins in cryptocurrency because our platform can list any coin. We can make it easy for new people coming into the space to use cryptocurrency and to learn about all the other coins. We’re trying to make it easier for everybody involved.

How much are you looking to raise?

We are looking to raise capital for our company with no set target. Our platform is already built, so we’re looking for as many users as possible to use our platform. Just like any business, we want to get our product out there.

What’s your mission?

A big part of our mission is to bring new people into the space. Our mission is to engage and educate as many people as possible about blockchain and cryptocurrency and the benefits of it. Because of our reach on social media we have a great opportunity to reach a lot of people.

What’s next for you?

We have an ambitious road map and we’re adding a lot of other coins in the community onto our platform. We are excited about our technology and what it can do to our industry.

We’ll be launching with lots of other coins on the platform and adding other social networks as well. We’ll be launching with Facebook, e-mail, and Twitter integration first. Within the next few months, we’ll have 14 of the top 20 social networks such as, YouTube, Instagram, and We Chat integrated, which will be major.


Jack Brown

Jack Brown is a Co-Founder and CEO of Social Wallet Inc, an innovative blockchain platform that enables secure, fast, and intuitive transfer of cryptocurrencies using existing networks. As a dynamic business strategist who has mastered the art of critical decision-making, Jack has stirred the company from a mere concept to a proven and revolutionary alternative to money transferring. He is a serial entrepreneur with more than 25 years of experience in launching startups as both a founder and marketing consultant. His first startup began in the 90’s during the dot-com boom when he founded SportsLinkReview, which was a sports fan appreciation site where you could follow your favorite sports team. His most recent startup experience was as founder and CEO of PartnerShipPlus, a startup that partnered with vocational rehabilitation facilities to help disabled people return to work by providing financial resources and job training. Jack has a BS in Business with a double major in Marketing and Finance from Florida Southern College and is United States Army veteran.

 

If you have any questions, please contact Jack at jack@socialwallet.info.