Thumzup Embraces Cryptocurrency, Artificial Intelligence and Gig Economy Workers, Strategically Positioning in the New Economy
Company Currently Owns 19.106 Bitcoin (BTC) and is Authorized to Hold up to 90% of Surplus Cash in BTC
LOS ANGELES, Jan. 30, 2025 /PRNewswire/ -- Thumzup Media Corporation ("Thumzup" or the "Company") (Nasdaq: TZUP), an emerging leader in social media branding and programmatic marketing solutions, today announced a significant expansion of its cryptocurrency strategy. Thumzup has begun compensating gig economy workers in Bitcoin (BTC) through its Associate Salesperson Program and is actively exploring BTC integration into other facets of its business.
With 19.106 BTC already on its balance sheet, Thumzup's Board of Directors has authorized the Company to allocate up to 90% of its surplus cash reserves into Bitcoin, further strengthening its position as an early mover in digital asset adoption.
Thumzup's strategy underscores its commitment to leveraging disruptive technologies, including artificial intelligence and blockchain, to redefine engagement in the gig economy. By incorporating Bitcoin into its financial ecosystem, the Company aims to create shareholder value while providing gig workers with an innovative payment alternative.
"Our adoption of Bitcoin payments for gig economy workers is a bold step toward reshaping the digital marketing and influencer economy," stated Robert Steele, Chief Executive Officer of Thumzup Media Corporation. "Bitcoin has the potential to transform financial markets and coupled with Thumzup's platform, we believe it could create significant value for our shareholders."
The Thumzup app is available for download on the App Store and Google Play.
About Thumzup®
Thumzup Media Corporation (Thumzup) is democratizing the multi-billion dollar social media branding and marketing industry. Its flagship product, the Thumzup platform, utilizes a robust programmatic advertiser dashboard coupled with a consumer-facing App to enable individuals to get paid cash for posting about participating advertisers on major social media outlets through the Thumzup App. The easy-to-use dashboard allows advertisers to programmatically customize their campaigns. Cash payments are made to App users/creators through PayPal and other digital payment systems.
Thumzup was featured on CBS Los Angeles and in KTLA.
Legal Disclaimer
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its potential growth, impacts on the advertising industry, plans for potential uplisting, and planned expansion. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in our filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
SOURCE Thumzup Media Corporation
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