Paragon Square Inc., Announces Marketplace Acceptance of Crypto Currency Payments and Partnerships
Paragon Square Inc. has developed a tailored marketplace for goods, services and rentals, with the goal of reducing fees to 0% for small business owners. In May-June 2024, a soft launch for listings in the Goods/Services segment generated over 28,000 listings during a six-week marketing campaign on Facebook. Currently, the platform has around 8,500 social media followers across three platforms and over 32,000 registrations. Rentals V1.01 segment is expected to be launched by March 31, 2025.
In late December 2024, Paragon Square Inc. announced a partnership with SWIFT Ledger (www.swifttoken.io) on the Solana chain as an accepted payment option. SWIFT Ledger, founded by entrepreneurs seeking to create greater utility for markets and business owners around the world, will list on its first CEX in January 2025. Currently, SWIFT Ledger is paid on the DEX with Solana, USDT and Jupiter, totaling more than 100,000 transactions since. its launch on December 10, 2024.
https://www.dextools.io/app/en/token/swiftledger?t=1737109092174
Paragon Square has also integrated Now Payments as a crypto payment processor. The marketplace will be the first open source marketplace to offer both 0% commissions through a subscription model and cryptocurrency payments for sellers of goods, services and rentals.
CEO Alexander M. Woods-Leo goes on to say, “We are extremely excited about our platform and its imminent launch to small businesses around the world. Businesses will finally be able to reduce costs just for posting or acquiring new customers at a much lower rate and won’t have to wait as long to get paid. Being the first large-scale marketplace to offer both fiat and cryptocurrencies for such a wide variety of goods, services and rentals is unheard of until now.
Our company also recently acquired an existing income generating real estate portfolio. We have 6 doors, of which 4 doors generate a turnover of approximately $100,000 per year. We recently invested in a Quadplex in Philadelphia and own 40% of it. We have a 40% stake in the land and the project which is expected to be completed in 9-10 months with a 40% revenue share. We also currently have a short sale contract in place for a property that was to be completed and valued at approximately $300,000 upon completion and we will close for $190,000. The average leverage we have across the board is around 50-60%.
CEO, Mr. Woods-Leo, goes on to comment: “With our goods/services segment of www.paragonsquare.ai in soft launch mode and our impending full launch taking place this first quarter of 2025, we are setting the stage for replace the old existing one. Insane Fee Business Models of Major Rental Platforms »
Mr. Woods-Leo further states: “Our platform will remove insane fees for hosts and launch Paragon Rentals soon in late Q1 or early Q2 2025, shortly after exiting the property segment and services. Our platform will offer $100 per year subscriptions to hosts looking to rent out their properties to vacation renters instead of the platform taking absurd fees. Our goal is to be practical.
Recently, Paragon Square Inc. launched a Regulation CF offering on Net Capital. Interested parties have the opportunity to learn more about the company and participate in an enterprise. The link to the portal is https://netcapital.com/companies/paragonsquare
The company structure includes:
- Paragon Square Inc. (parent company)
- Paris Realty Inc. (subsidiary 90% owned by vote)
- Paris Properties LLC (wholly owned subsidiary of Paris Realty Inc.)
- Paris Portfolio 2 LLC (Wholly-owned subsidiary of Paris Realty Inc.)
By April 1, 2025, the 2024 Annual Report will be filed, providing consolidated financial statements.
Safe Harbor Statement:
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements contained in this press release constitute “statements prospective”. .” Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words “estimate”, “project”, “intend” , “anticipate”, “anticipate”, “plan”, “plan”, “expect”, “believe”, “will probably”, “should”, “could”, “would”, “could” or words or expressions of similar meaning These statements are not guarantees of future performance and. are subject to risks and uncertainties that could cause the Company’s actual results and financial condition to differ materially from those included in the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to. the Company’s ability to grow its business. Actual results may differ materially from anticipated results and reported results should not be considered an indication of future performance. Potential risks and uncertainties include, among others, the Company’s limited operating history, limited financial resources and domestic or global economic conditions — the activities of competitors and the presence of new or additional competition and conditions stock markets.
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