While Brits are known for their queueing etiquette it’s no surprise that we lose literally hundreds of hours of our lives standing patiently in line. According to a 2017 report from Swiss Air, the total amount of time spent queuing in the UK is 333 million hours a year, equivalent to half an hour a month per person.
This is a problem that many entrepreneurs have tried to solve and make money from, including one of the most successful small cap companies listed in London, Accesso Technology. Previously known as Lo-Q, the company created and sold a device which enabled theme park visitors to electronically book their place in a queue for a ride, freeing up their time to do other things. Investors have done very well out of the business, with the shares rising by 11,300% over the past ten years.
Another company looking to cut help down on queueing times, and make money at the same time, is Zapaygo Investments. Zapaygo has built a core platform and smart phone application that makes ordering goods and services easier for consumers, who can pre-order and pay for goods before arriving at venues, or without having to leave their seats. The technology reduces queuing times whilst improving the efficiency of service and delivery for venue operators.
To date, the company has secured corporate deals with major industry partners including the NEC, Europe’s largest event and leisure destination, where the technology has been trialled. A BETA version is ready to go live in other high profile venues. All of these serve large visitor numbers where queueing is problematic for both venue and customer.
The on-demand mobile ordering and payment platform is embracing blockchain technology to create a new tokenised eco-system, which the company has branded, The RewardZ MarketPlace. Here consumers, venues and brands will be able to exchange, upcycle and trade tokens to unlock benefits, and value, creating a truly sustainable and scalable business model.
Zapaygo has recently launched an Initial Coin Offering (ICO) of its tokens on Crowd for Angels to fund the company’s growth. The company is looking to raise a soft cap of $2 million, with the “ZAP Tokens” available through Crowd for Angels at a discounted price of $0.000625.
The funds raised from the ICO will enable Zapaygo to create the exclusive tokenised RewardZ MarketPlace and finance the rapid expansion of the Zapaygo business, which is ready to launch into its chosen domestic and international markets. The minimum investment is $100 (£79) and can be paid via Debit Card, Crypto or Bank transfer.
For the full pitch visit https://crowdforangels.com/company/token/Zapaygo-Investments-Ltd-2002
RISK WARNING: Cryptocurrencies, tokens and other digital currencies are not regulated by the Financial Conduct Authority. Capital at risk.