JanOne (JAN) Prnewswire·2024-06-25 11:30Core Insights - JanOne Inc. has launched a prepaid VISA®️ Card through its subsidiary ALT5 Sigma, enhancing its ALT5 Settlement Platform to provide customers with more efficient ways to access and spend fiat derived from crypto strategies [1][2][10] Company Overview - JanOne Inc. is a multidisciplinary organization listed on Nasdaq, focusing on healthcare and fintech, and is part of the Russell Microcap Index starting June 28, 2024 [5] - The company is also involved in biotech, developing solutions to address the opioid crisis, with drugs in clinical trials targeting pain management [5] ALT5 Sigma and Its Offerings - ALT5 Sigma, a subsidiary of JanOne, has launched a prepaid VISA®️ Card that allows customers to manage multi-currencies, including fiat and crypto, with 24/7 access to fund conversion [2][10] - ALT5 provides blockchain-powered technologies through its platforms, including "ALT5 Pay" and "ALT5 Prime," processing over US$1.2 billion in cryptocurrency transactions in 2023 [3][4] ALT5 Prime Platform - ALT5 Prime is an electronic over-the-counter trading platform for buying and selling digital assets, allowing customers to transact in both fiat and digital currencies [4] - The platform is accessible via a mobile application, "ALT5 Pro," and through various APIs for approved customers [4] Expansion of Digital Fintech Offerings - The introduction of the prepaid VISA®️ Card is part of ALT5's strategy to modernize financial services by bridging traditional financial products with digital currency solutions [10][11] - ALT5 Pay serves as a cryptocurrency payment gateway, enabling global merchants to accept and convert crypto payments into fiat [11][13]