Bravio Technologies Limited has entered into a Software Management & Content Licensing Agreement with LFE Group Holdings Limited, which owns The London Football Exchange(“LFE”), LFECash (“LFEC”) and LFE Football Group(“LFG”).
Following the agreement, LFE is set to be the world’s first fully-integrated Football Club Stock Exchange and fan marketplace leveraging blockchain and also powered by the LFECash token currently listed on StellarX Exchange. Pointing at the partnership, LFE hopes to further enhance its token market penetration by launching LFECash on multiple exchanges, including Bitcoin.com, which is highly popular.
More Details on the Agreement
Under the agreement, Bravio has granted the LFE Group non-restricted access to its iGaming technology, inclusive of free to play products and potentially quick-fire monetized social Games. Bravio will undertake the development, supply, and ongoing management responsibility for a “first of its kind” fully operational digital iGaming vertical platform. The platform is poised to feature LFECash and potentially real money related iGaming entertainment including poker, slots/casino. A fully integrated Sports Book and potentially various “quick fire” LFECash themed Keno games. Bravio will also assume full responsibility for all technical/operational and administrative support services.
Additionally, once enhanced, the LFECash iGaming platform will support internationally recognized mega Jackpot lotteries, notably the US PowerBall and the US Mega Millions. This move will enable any LFECash holder to purchase original lottery tickets from the tokenized LFECash wallet directly.
The agreement will also enable non-restricted access to the LFE iGaming platform since it will be integrated and easily accessed directly from the LFE website or any other affiliated distribution platform authorized by the LFE Group. The agreement will also see LFECash wallet holders get direct access to various themed Bitcoin and Bitcoin Cash decentralized iGames. This means that either BCH or BTC will be used as an option to pay for entry into various gaming and lotteries.
Commenting on the agreement, Jim Aylward, head of LFE said: “I am delighted to be aligned with Bravio and to demonstrate that our affiliated companies are committed to the LFE Group vision, Bravio has a demonstrated track record, they are engaged by professional Football Clubs worldwide. For me, I always wanted LFE to be aligned with such partners that can… and have … and continue to execute on a best in class basis. Our ultimate goal is to bring LFECash to the global sports community. We believe that Bravio is a fantastic addition to the LFE community and is well-positioned to assist the LFE Group within its sports and community engagement strategy”.
Bravio CEO Paul Carrol on his side stated, “Speaking on behalf of the whole Bravio team, we are extremely pleased to have this opportunity and to provide our iGaming technology and management services to the LFE Group of companies. Jim and the LFE Group have created a highly scalable business model, this was demonstrated in November when the LFECash token had an extremely successful launch on the StellarX Exchange.
The platform that Bravio is developing will be a “first of its kind” we will be connecting into the LFE Group’s inter-related ecosystem, an ecosystem consisting of sports clubs and their communities, media groups, multiple e-commerce platforms and a global financing division. We have spent quite a lot of time discussing national / international consumer and sports community behaviour, different demographic restraints, the LFE Group extremely powerful ecosystem and how we intend to connect some of the world’s biggest sporting groups to the LFECash entertainment platform, we are intending to launch the new initiatives early in the new year, it’s without doubt exciting times ahead for LFE, LFECash and Bravio”
Future Prospects to Expect
The agreement between Bravio Technologies Limited and LFE Group Holdings Limited to leverage the blockchain technology is entirely instrumental in the growth of the two companies. LFE will be the world’s first fully-integrated Football Club Stock Exchange and fan marketplace harnessing the power of the blockchain. The move will see LFE expand its market reach and consequently launch LFECash on several exchanges.
Bravio is a lottery service provider and also operates the FreeLotto.com sweepstakes, online marketing, and free member acquisition website. On the platform, national and international customers can order and manage lottery tickets online by choosing the numbers and safely order tickets for the official lottery drawings around the world. FreeLotto was launched in 1999 and has since attracted over 65 million members to date and has awarded nearly $100 million in prize money with over 3.7 Billion games played. Paul Carrol is the CEO and Founder of Bravio Technologies Limited.
About LFE Group Holdings Limited
LFE Group Holdings Limited is a technological company owning amongst other things LFECash, LFG, The London Football Exchange, LFE Market, LFE Sports, and the LFE Foundation. With more than five arms, LFE Group Holdings Limited is a powerful organization of change yet set within a commercial environment. The organization believes in fan engagement for the development of youth and the creation of employment. LFE looks at making a positive difference for all those that engage with the LFE Community.
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