SEATTLE, WA – November 27, 2018 – DigitalTown (OTC:DGTW) – with its mission to make it easy for people to search, find and buy from local businesses – announces important product changes following a thorough analysis of the company’s blockchain-based Platform as a Service (PaaS) technology. Now with a focus on search and pay, the DigitalTown ecosystem features the ability to search for local businesses and pay using the free SmartWallet.
DigitalTown continues to provide all businesses with a free online directory listing. Any type and size of business can appear among the first in local search results within the DigitalTown ecosystem. Merchants can save money on every transaction using the free SmartWallet. All that is required is a smartphone, tablet or PC and an Internet connection.
Merchants and consumers are rewarded for engagement with CommunityPoints. Consumers can collect CommunityPoints every time they use the SmartWallet. These points, which bear no monetary value, can be exchanged with participating merchants for goods, at the discretion of the merchants.
DigitalTown CEO, George Nagy, comments: “The paring back of the DigitalTown product has been an important exercise for us. Our experience to date has shown us that while the market responded favorably to the ambitious DigitalTown vision of supporting local communities and keeping business local, our product range was too broad. We are now focusing on local search and SmartWallet payments, initially in Austin, where a growing number of businesses are registering to take advantage of the free directory listing.”
DigitalTown, Inc. (DGTW) DigitalTown operates at the intersection of FinTech, Smart Cities and Blockchain by providing a Platform as a Service (PaaS) that places people at the heart of Smart Cities.
We leverage Blockchain to harness the real power of a secure distributed internet in order to deliver a localized commerce platform capable of transacting in a multi-currency, global world.
The DigitalTown ecosystem enables local communities to benefit from digital transformation in three key ways: free online storefront, SmartWallet and community engagement.
Karen Floyd, Chief Brand Officer
+1 512 647 2777
Disclaimer – Forward Looking Statement
Safe Harbor Language: Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act 1995. Readers are cautioned not to place undue reliance on forward-looking statements. DigitalTown, Inc. undertakes no obligation to update any such statements to reflect actual events.