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Paydrop Acquisition

Cornerstone Global Management, Inc. acquires Paydrop in historic merger of workplace-focused Cryptocurrency platforms

Powerhouse platform will greatly expand access and availability for all employees and GIG workers to unlock the power of cryptocurrency payments.

 

BRENTWOOD, TENNESSEE – Cornerstone Global Management, Inc. (www.cornerstoneglobalmgt.com), a fintech company that transforms payroll into Bitcoin, Litecoin, Ethereum, or stablecoins through its pay conversion platform, Hedge (www.gethedge.io) announced today its acquisition of Paydrop (www.paydrop.com) via cash and stock swap. Paydrop provides an array of financial and payment services for small businesses, single-member enterprises, and freelance workers. Paydrop’s senior leadership team will join Cornerstone, integrating exciting new features into the already dynamic platform. Paydrop’s exceptional talent will also help Cornerstone exponentially scale as it prepares for significant growth in the coming quarters.

 

Cornerstone’s conversion engine, Hedge, empowers employers and employees to seamlessly convert a customizable portion of their payroll compensation into crypto and securely deposit it into the wallets of their choosing. By acquiring Paydrop, Cornerstone will provide payroll conversion services for any independent contractor, GIG economy worker, and non-traditional income-earning employee within the United States.

The new Hedge platform is employer-agnostic. Organizations with thousands of employees can offer Hedge as an employee benefit, while self-employed freelancers can benefit from Hedge’s intuitive platform just as easily.

Compensation is paid from employer to employee in government-backed currency so neither side incurs a separate taxable event at the original point of compensation.  Both corporate and self-employed Hedgers appreciate that Hedge is fully compliant with state and federal laws and is 100 percent free to companies to use as an additional way in which to pay their employees.

 

This merger will make Hedge a full-service payment platform and allow Hedgers to move beyond payroll to send and receive blended payments in fiat and/or crypto for all transactions.

 

Litecoin Founder, Crypto Giant and Cornerstone Founding Advisor Charlie Lee helped initiate the acquisition and partnership between Cornerstone and Paydrop. According to Lee, the partnership between these two platforms is a marriage made in heaven. “Knowing the services and teams behind both Hedge and Paydrop, recommending the two work closer together seemed natural,” said Mr. Lee. “Cornerstone acquiring Paydrop is a smart move for both parties and will open up even more opportunities once Paydrop is connected to Hedge’s pay conversion engine.”

 

“Acquiring Paydrop just seemed like a no-brainer for both parties and will open up even more opportunities once Paydrop is connected to Hedge’s pay conversion engine,” said Hedge founder David Schwartz. “Hedge is a convenient, frictionless way for virtually anyone to join the movement for monetary freedom.”

 

“The combination of Hedge’s conversion of W-2 and other income along with Paydrop’s 1099 payment capability will bring greater support to anyone who wants to be paid in Bitcoin, Litecoin, crypto, or stablecoins,” said Paydrop’s former CEO Steven McClurg, who will now also serve as key Cornerstone advisor and board member. “We are excited for what is to come, and I look forward to working with old and new friends as a director of Cornerstone.”

 

Cryptocurrency is one of the most dynamic sectors in the world, with a global market cap of over $1.7 trillion and growth projected as high as $30 trillion by 2027.  With the recent Paydrop acquisition, Cornerstone is now poised to be a major player in the crypto payments industry, as more people than ever are looking for a safe, convenient way to enter the digital asset class.

“Cornerstone is a game-changer,” said Economist Larry Hunter, a Ph.D. with over 30 years of experience advising corporations and Washington policymakers. “Crypto as income will be a stabilizing force in the crypto economy. The combination of Hedge and Paydrop lowers the barrier of entry into the crypto markets and empowers the individual to develop a diversified crypto portfolio.”

 

Hedge as an income conversion platform is available now! Interested parties can sign up and start taking advantage of dollar-cost averaging into cryptocurrencies today at gethedge.io. Until Paydrop and Hedge integrate, Paydrop will continue to operate in its current beta format. You can paydrop.com to sign up and learn more!

Ellipal Adds Link To Hedge Inside Titan Cold Storage Wallet For Users

We are excited to announce that Ellipal (ellipal.com), creator of the Titan wallet, has added Hedge to their shortlist of partners displayed within the ‘Discover’ area of their app!  Ellipal will display Hal, the Hedge mascot, as an icon within their app, allowing users of the Titan cold storage wallet to access a co-branded page introducing them to Hedge and providing them an opportunity to sign up for the automated pay conversion service (US residents only at this time) through their link.

The Ellipal Titan wallet is an air-gapped, anti-disassembly cold storage wallet that allows you to store, stake and trade within the wallet through their strategic partnerships, which now include Hedge.

“I’ve been using an Ellipal Titan as my ‘go to’ cold storage wallet since 2018 and highly recommend them for anyone who likes the idea of not having to be connected to a laptop in order to use or view their cold storage coins,” said David Schwartz, Co-Founder of Hedge. “For them to be the first to do this in their genre of wallets was a no-brainer and I’m glad we have been able to make this a reality.  I can’t wait to see how many people decide to sign up through Ellipal, and have their pay converted and sent to their Ellipal wallets.”

As Hedge is introduced to additional geographic areas throughout 2022 and beyond, Ellipal will have positioned itself to take advantage of this growth through its user base that has already seen well over 50,000 downloads of its wallet app.

If you’re someone who enjoys an easy user interface to go along with knowing your coins are safe through the private keys that you own and control, go to the ellipal.com website today and see why the Hedge team is excited about this new partnership!

TransCard President Tabbed As Key Advisor To Cryptocurrency Fintech Company

Cornerstone Global Management, LLC (CGM) announced today that Chris Fuller, President of TransCard, an integrated global technology and payments company located in Chattanooga, Tennessee as a key advisor for it’s soon to be released payroll to crypto conversion platform ‘Hedge‘.

As President of TransCard, Chris oversees the overall strategic direction and further expanding corporate partners and relationships by providing TransCard’s technology for faster, more efficient payments. He also recently co-founded two new businesses: Prysym, a global payment technologies company for the European market providing a global in/out API bank grade platform; and Tralia Health providing small businesses and individuals with alternative offerings for health benefits. He was formerly with U.S. Xpress, a leading transportation and logistics company in the United States, as Vice President and General Manager.

Chris has been an integral 'behind the scenes' proponent for us for a quite a few months already, so bringing him in officially as a key advisor only makes sense.

— David Schwartz, CGM & Hedge CEO

Over the past eight months, Hedge has transformed it’s focus and strategic planning through ongoing assistance and guidance from Chris, allowing itself to be favorably positioned for the rush of employees globally who will seek easier and more seamless ways to dollar cost average (DCA) into cryptocurrencies than the now standard, step-by-step practice of manually purchasing, moving and storing them on or off an exchange.

“Chris has been an integral ‘behind the scenes’ proponent for us for a quite a few months already, so bringing him in officially as a key advisor only makes sense. I don’t know where we would honestly be without him at this point, and I don’t want to know,” stated David Schwartz, CEO and Co-Founder of CGM and Hedge.

Hedge recently rebranded to it’s current name, while also making news by adding former WWE Superstar Danielle Moinet (aka Summer Rae) as Director of Marketing & Social Media Engagement, and veteran MLS star CJ Sapong of the Nashville SC as Professional Athlete & Teams Engagement Advisor. Hedge’s payroll to crypto conversion program is currently scheduled to be available to employees in the United States, Europe and UK in the mid to latter half of 2021.

About Transcard: Transcard makes frictionless payments a reality with comprehensive global payment solutions designed for banks, fintechs, and
businesses of any size and in any industry. Transcard delivers solutions for business-to-business (B2B) payments, consumer-to-business (C2B) payments,
business-to-business-to-consumer (B2B2C) payments, account-to-account automation, and Banking as a Service (BaaS). Our solutions combine unmatched multi-rail capabilities, embedded workflows, best-in-class integration, effortless reconciliation, and bank-grade security. These are some of the
reasons that 550 businesses and more than 200 banks trust Transcard with their payments. Learn more at www.transcard.com

About Hedge: Hedge is a payroll conversion product created by CGM to help employees convert any portion of their pay into Bitcoin, Litecoin and Ethereum through Dollar Cost Averaging (DCA), and automatically sending it to the cryptocurrency wallet(s) of their choice.

CJ Sapong Scores Advisor Role To Crypto Fintech Company, Will Convert Portion of MLS Salary Into Cryptocurrencies

Hedge To Convert CJ’s Salary to Bitcoin, Litecoin and Ethereum, With Digifox As His Crypto Wallet of Choice

Fresh off the heels of announcing former WWE Superstar Summer Rae (Danielle Moinet) as the first female athlete to accept an executive position with a cryptocurrency company, Cornerstone Global Management, LLC (CGM) is happy to also announce the addition of active Major League Soccer star, CJ Sapong as an advisor to Hedge. Hedge’s addition of CJ helps them gain access to both management and players of teams across multiple sports at the professional level. He also provides the first-hand experience and mindset of a pro athlete who may be interested in converting a portion of their pay into cryptocurrencies.

...I am excited about the potential Hedge brings to athletes, specifically. Time is already at a premium for us, so dollar cost averaging into Bitcoin, Litecoin and Ethereum...is a perfect fit,”

— CJ Sapong

CJ has been in the cryptocurrency space for a number of years, and recently spoke on a panel alongside former MMA champion Ben Askren and active NASCAR driver Landon Cassill at the 2019 Litecoin Summit in Las Vegas, Nevada. These experiences have prepared him in helping Hedge reach the ‘goal’ of teaching other athletes the importance of holding cryptocurrencies like Bitcoin, Litecoin and Ethereum within their investment portfolio.

CJ will also be the first professional athlete to use Cornerstone’s payroll conversion program, gethedge.io, to convert a portion of his salary as an MLS player into Bitcoin, Litecoin and Ethereum upon its release. In doing so, he has also chosen Digifox, the multi-functional cryptocurrency wallet created by the famous YouTuber Nicholas Merten (aka DataDash), as the destination for his converted salary.

“Having been in the cryptocurrency space as an investor for a few years now, I am excited about the potential Hedge brings to athletes, specifically. Time is already at a premium for us, so dollar cost averaging into Bitcoin, Litecoin and Ethereum through Hedge’s payroll conversion program is a perfect fit,” states CJ.

“I’m also excited about using Digifox as the wallet my pay in crypto will be going to. I’m basically able to do everything with my crypto I want in one app, and have been a fan of it for some time already.”

Nicholas Merten, the CEO of Digifox and YouTube Crypto Star known as DataDash had this to say about CJ choosing Digifox as the destination for his converted pay into crypto:

“CJ is one of the few leading athletes that are helping to spark a revolution in the cryptocurrency industry. We’re incredibly thankful he’s chosen to use Digifox, and we couldn’t be more proud to help in leading crypto forward into the mainstream.”

A ten-year MLS veteran, CJ currently plays Forward for Nashville SC and was named MLS Rookie of the Year in 2011. He won the Open Cup Championship with Kansas City in 2012, and MLS Championship in 2013. He has also represented the United States national team and most recently played for the Chicago Fire from 2019-2020. CJ is seen as a respected and key leader within the MLS Players Association, and most recently helped form the organization Black Players for Change in 2020.

About Digifox: Digifox is an all-in-one financial application, allow you to buy cryptocurrencies, earn interest on your savings, and send/receive money across the globe. From earning 10% on your savings, to building your crypto portfolio, Digifox has got you covered.

About Hedge: Hedge is a payroll conversion product created by CGM to help employees convert any portion of their pay into Bitcoin, Litecoin and Ethereum through Dollar Cost Averaging (DCA), and automatically sending it to the cryptocurrency wallet(s) of their choice.

Hedge Is Ready For Summer!

The Hedge team is excited to announce today the addition ofDanielle Moinet as Director of Marketing & Social Engagement.

Danielle, who wrestled as Summer Rae for World Wrestling Entertainment (WWE) from 2013-17, brings a wealth of marketing and e-commerce experience to our team, including a combined 2.7 million followers on Instagram and Twitter. She also has a Business Degree with an emphasis in Marketing from East Carolina University.

With the historic hire, Danielle becomes the first known current or former professional female athlete to take an active executive position with a cryptocurrency related company.

Danielle has already been working with us in the background prior to and after our successful rebrand to ‘Hedge’ last week, and has been critical in our planned marketing rollout as we come closer to our participation as a sponsor at Bitcoin 2021 in Miami, June 4-5th.

Danielle was a great choice for this position, as her ability to maximize social media and marketing potential to a targeted audience fits perfectly with our plan to enhance exposure through both contemporary and traditional marketing avenues.

She has also been unstoppable since first being ‘red pilled’ a few months ago, learning everything she possibly can with an open mind. Her energy level and focus to detail is virtually unmatched, and we are excited that she will be a part of our team as we move forward towards our launch of Hedge in the coming months. Congratulations Danielle, and welcome!

Hedging Our Bets With A Rebrand

Branding a product or company can be difficult. How you are seen by a potential consumer base is critical to success. Because of this complex and critical aspect of marketing, we have decided to change the brand name of our flagship product, the automated payroll conversion from fiat to cryptocurrencies from CP3 (Crypto Personal Payment Plan) to ‘Hedge’. We have also decided to rebrand our company logo to better reflect the kind of user we intend to attract and serve.We’ll start with the rebranding of our product. At its conception in 2019, CP3 made sense but ultimately didn’t roll off the tongue easily. If someone had randomly seen the acronym somewhere, it was difficult to figure out what CP3 even meant. It was also difficult to incorporate other related products like crypto debit/pre-paid cards and on/off ramp capabilities for companies under the same name. We also wanted to have something people could connect with through a relatable mascot, and a logo with an acronym just didn’t seem to cut it.Enter ‘Hedge’.The name Hedge represents the core reason as to why many of us invest in cryptocurrencies to begin with. It is a call to action; a deliberate response to the current global financial environment. The name is concise and easily identifiable.

With crisp, thin flowing lines, the font used invokes a feel of organization, adaptability and confidence in taking over of one’s individual financial sovereignty and future.

The hedgehog was chosen as the product’s mascot due to it’s intentional nature and character. The hedgehog is known for it’s laser focus on an individual task, performing it as efficiently as possible. We feel this best represents the user’s ability to automatically convert any portion of their pay to crypto without having to go to an exchange or manually move your crypto once it has been converted. Not to mention, hedgehogs are cute!

It was also important for us to honor those who helped pave the way to financial freedom for millions through their work in bringing Bitcoin to the world. With this in mind, we have named the hedgehog ‘Hal’, in honor of Hal Finney, the closest person to have worked directly with Bitcoin’s creator, Satoshi Nakamoto, and recipient of the first Bitcoin transaction. We have also given Hal a punk hairstyle to represent the cypherpunk movement as a whole. Hal has his own modern personality as well, as a cyberpunk…shown through his colorful paws and goggles.

We are excited for this change and confident with not only how it will be received, but also proud of how it is able to capture the spirit of not just it’s users, but the history this space has and will continue to carve out for future generations.

Our company logo has also been changed to better symbolize the financial world we all live in. The green and red candles represent the charts used in trading, with a solitary white circle as it’s target, driving home the idea that a dollar cost average (DCA) investment strategy widens the bullseye and allows for a higher probability of success for the average investor.

We also chose the same font used with Hedge to reflect a uniformity in vision between our mission and product(s). Lastly, even though our company name will continue to be Cornerstone Global Management, LLC it is a mouthful and not conducive to easy recognition. Hence, the acronym CGM will be used on all branding to simplify its name on merchandise, advertising and display at public events.

We feel these changes help us put our best foot forward as we continue to move towards going live with our product offerings in the very near future, and we are excited you are along with us for the ride. The next 60-90 days will be life changing for many, and we are honored you have chosen us (and Hal) to be a part of your personal journey to financial freedom.

Be sure to stay up to date as we approach our ‘go-live’ date by following Hal at (@gethedgecrypto) on Twitter, Instagram, LinkedIn and Facebook, and by visiting our new website, at gethedge.io. And remember, get paid with crypto and start living on the Hedge!