Business

As Technology Changes, Ricky Cucalon Stays Ahead Of The Curve

Published

5 years ago

May 7, 2020

Twenty years ago working remotely was incredibly rare. Most businesses were run out of offices and working from home was reserved for special cases. Nowadays, however, recent advancements in technology have increased the amount of people working from home up to 5.2% in the United States. This is almost double the amount of people working from home in the year 2000. Thanks to improvements in communication technology such as texting, conference calling, and video chatting, many people can make money from anywhere in the world.

What does this mean for business? First and foremost, it shows that businesses are moving increasingly online. With the use of a smartphone, you can access anything from car rentals to grocery deliveries. Almost every business now has an online presence as people increasingly live their lives online. If you’re not online, you might as well not exist at all. When it comes to making money, it’s clear that the new frontier is digital.

Making money with technology is second nature to Ricky Cucalon. A 2016 graduate in civil engineering from San Francisco State, Ricky made his fortune investing in Bitcoin. His success in cryptocurrency has led him to create a revolutionary initiative called the ATM Movement, which seeks to help other people harness technology to make money.

“I created the “ATM Movement” with the intention to help people start making a livelihood putting their smartphones to work,” says Ricky. “We live in a time where we can not only use these devices to share photos with friends, but also to generate an income with a device we walk around with in our pocket.”

By 2040, it’s estimated that 95% of all purchases will be through ecommerce. While most people are used to buying things online, many have yet to see how they can make money online as well. But the truth is that this trend towards the digital encompasses both sides of business. Businesses such as ATM Movement are leading the charge towards making money online through cryptocurrency, stock, and forex markets. As technology continues to advance, pretty soon the majority of companies will have joined ATM Movement and moved to the digital arena.

But cryptocurrency isn’t the only way that Ricky’s been able to make money online. As a successful social media influencer with over 48k Instagram followers, Ricky has been able to leverage the technology of social media as well. “Social media is everything when it comes to marketing,” says Ricky. “Our generation would rather buy from Instagram than any other type of advertisement.”

It’s clear that his mastery of the technology has played a large part in Ricky Cucalon’s many business successes. And he shows no signs of slowing down, as his plans for ATM Movement’s future include spreading to cities worldwide. With a business that teaches people how to use the technology available at their fingertips to make money, Ricky’s plans don’t seem that far off.

Business

Black Banx Group — Third Quarter 2025 Results

Published

2 days ago

November 3, 2025

Matthew Wiles

FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

Revenue: USD 4.3 billion
Profit before tax (PBT): USD 1.6 billion
Cost-to-income ratio: ≈ 62%
Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact:

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.