NSAV will offer E-commerce services through one of their holdings, Rydehails. We will be providing a marketplace for a variety of items, from groceries to clothing and will accept payments through cryptocurrencies as well as fiat payments.
According to McKinsey research, rideshare providers have only tapped in to 29% of their potential market in the U.S. The ridesharing market in the U.S. has already exceeded $34 billion and $8 billion in New York City alone. Rydehails will have direct access to 60% of this market within 12 months and currently has access to over 120,000 New York City Taxi and Limousine Commission (TLC) licensed drivers. The management of NSAV believes that this acquisition will be a major step in fulfilling the Companys ambition of being a leading player in the multi-billion dollar, blockchain, cryptocurrency and digital asset arenas. Under the terms of the agreement, NSAV has acquired a 20% shareholding in Rydehails and has an exclusive option to acquire an additional 10% stake.