CGCX Targets 1.5m South East Asian Insurance Users with Archipelago Partnershiphttps://www.cryptoglobe.com/latest/2018/10/cgcx-targets-1-5m-south-east-asian-insurance-users-with-archipelago-partnership/You don’t have to be an American kid infatuated with the country’s (former) favorite pastime to know the famous Field of Dreams quote: "If you build it, they will come."
The biggest challenge cryptocurrency platforms are currently facing is attracting new users and converting them to loyal, engaged customers. This is Economics 101. If demand stays constant but supply grows, the economics of a given product do not grow. What ensues is falling profitability and a race to the bottom. As a result, crypto platforms are all trying to attract new users to grow the top-line of the funnel and convert users into long-term adopters.
CGCX (Calfin Global Crypto Exchange), the world’s first insured hybrid crypto exchange platform (who just recently raised over $32.5 million during their ICO) is not only disrupting cryptocurrency trading through its unique approach and technology, but it’s bringing disruption to the very way it addresses user adoption and platform growth.
On the 5th of October, 2018, CGCX.io entered into a structured long-term partnership with South East Asian insurance powerhouse, the Archipelago Group. The partnership will kickstart a new vertical, namely merchant solutions, that will jumpstart the cryptocurrency business for Archipelago, and at the same time expand the utility of the CGCX.io token.