Swarmio Media (CSE: SWRM) this morning expanded its product offerings for consumers with the launch of Echo. The product is an additional feature for the firms Ember gaming and esports platform, which has been deployed across Asia, LATAM, Africa and the Middle East.
Echo is referred to as a communication system for gamers that is being implemented on the platform, which enables gamers to earn Ember points, which can be used for voice and data credits with telecom operators. The new feature is set to be included in a bundle for premium membership on the platform, while also available on the platforms online store.
“The Echo communication system is a unique product that allows gamers to reach and interact with the platform and their fellow gamers through many different gamified channels,” said Swarmio CEO Vijai Karthigesu.
Sponsored · PTX Metals Inc.
Revenue generated from the new feature is subject to the same revenue-sharing model that the Ember platform currently enjoys between the company and the telecom operators that distribute the platform to its clientele. The strategy enables consumers to utilize teleco payment channels to pay for gaming-related services in regions with low credit card uptake, increasing access for consumers.
Echo is said to be one of several new features expected to be released for the platform, and follows the release of Lagless this past summer, which is a latency-optimizing solution available to subscribers.
Swarmio Media last traded at $0.065 on the CSE.
FULL DISCLOSURE: Swarmio Media is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Swarmio Media on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
