Sylo, which has 30% Indian user base, upgrades its Smart Wallet and private messenger
New Zealand-based software company Sylo got media attention this year when it provided Sylo Smart Wallet for users to be able to buy products from 2,000 Coca-Cola’s Smart Vending Machines and pay with Bitcoin. “About 30% of our users are from India, which is the primary strategic market for Sylo” - Dorian Johannink.
We live in a very fascinating time. Our speed of adopting various solutions, then improving them and making universal, is unparalleled in the history of mankind. Even the global pandemic cannot stop the technology boost, and many tech niches are accelerating.
Look at the blockchain, for example. The industry, which for years has been attracting tech geeks and relatively few speculators, is on the verge of mainstream adoption with just about any global company implementing a blockchain solution. Payment processors, communication networks, social media giants are all rushing to get into the game.
You swap your phone and you buy a product with an app - Apple Pay, Google Pay, or WeChat - depending on where you are in this world. Rupees, yuans or dollars get taken out of your linked account. Then you chat with your parents, significant other and friends - through the same app that you just used to buy things.
But what if you are doing all that through an app on your phone that is linked to a digital currency, such as Bitcoin or Ethereum? And what if you chat using the same app, knowing that it has zero ability to collect your personal data? All of a sudden you have a whole lot more options.
This is what some dApps (Decentralized Apps) offer to consumers around the world. While many are only starting to develop and tweak this blockchain-built technology, some have already advanced to the next level and are ready for the bigger challenge. Last summer, a New Zealand software company Sylo provided its Smart Wallet for users to be able to buy products from 2,000 Coca-Cola’s Smart Vending Machines and pay with Bitcoin. Sylo Co-founder and Business Director Dorian Johannink says his company has 350,000 users in 80 countries. About 30% of them are from India, which is the primary strategic market for Sylo. Johannink says that other markets where he sees most growth are Indonesia, Philippines, Japan, New Zealand, USA, UAE, Malaysia, UK and Australia.