SEATTLE, WA and AUSTIN, TX – November 26, 2018 – DigitalTown (OTC:DGTW) – with its mission to keep business local via its blockchain-based Platform as a Service (PaaS) technology that includes search and pay as part of a Smart City ecosystem – announces the promotion of Ferry Chahaya from Product Manager to Chief Product Officer.
Since joining DigitalTown in October 2018, Ferry has been involved in assessing the company’s blockchain-based technology and producing a new roadmap for the product. As a result of Ferry’s assessment, DigitalTown has pared back the product to a succinct offering of search and pay, while retaining the company’s original vision and mission of combatting the extraction economy.
DigitalTown CEO, George Nagy, comments: “Ferry has had an important impact on DigitalTown in a very short period of time. His unique skill set that combines coding, product management, marketing and leadership, enable him to unite development and marketing teams in an impactful way. He is a great credit to DigitalTown.”
DigitalTown CPO, Ferry Chahaya, says: “DigitalTown has great potential to impact the world in a positive way. While it has been important for us to pair back the product to a simpler offering as we prove out the model in Austin, we retain the original mission and vision of connecting local merchants with residents and visitors to keep more business and revenue in the local economy. The new-look App offers local search and pay. It is self-explanatory and easy to use.”
DigitalTown is currently rolling out its pilot project in Austin, where more than 3,000 people have downloaded the App and registered to use the platform. DigitalTown offers all merchants a free digital directory listing and a free SmartWallet that support fiat and cryptocurrencies. Merchants are charged just a 2% payment processing fee and peer-to-peer transfers are free of charge.
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.