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Raring to be one of the most sought-after business personalities of the US in the cannabis industry is Eddie Daniel Mora




His persistence and strong will made him rise above the many challenges he faced along the way and emerged as an inspiring entrepreneur.

If we notice around us very carefully, one thing that has increasingly caught everyone’s attention is the growing presence of youngsters who are setting foot into various industries in the world of business. The onset of this trend has proven to be of great value for many businesses as newer ideas and concepts have risen and a new wave of innovativeness surrounds these companies. The cannabis industry is amongst those businesses, especially in the US that has seen a continuous surge in its growth from the past few years, paving the way for many youngsters to enter the same and show their magic as innovators and entrepreneurs. Eddie Daniel Mora from Mexico is amongst those young gems who have helped take the cannabis industry touch the skies.

Mora came from humble family backgrounds and belonged to a Mexican immigrant family. His childhood was filled many struggles but his quest to do something bigger and better in life started from all these experiences of his, which motivated him to become an entrepreneur who could change his family’s position in society for the better. He always felt an inclination towards the world of cannabis also because of the ever-growing demand of the same since the beginning in America. This upped his confidence to enter the industry and offer something distinctive with his cannabis business.

Some of the few countries in the world that has the maximum number of cultivators and creators of cannabis is America. It has given birth to the most incredible cannabis companies that have made people crave for more and have also made them understand how medicinal or recreational the industry can get, giving people a different high and happiness. However, like any other industry working, cannabis industry also has a few cons, making the process of getting the license for entrepreneurs challenging because of the highly competitive industry.

Less has been spoken about these struggles of a new entrepreneur, but people who are determined enough to reach their goals choosing one way or the other, ultimately do taste success. Mora faced the same struggles with attaining a license for his cannabis business, but his passion into the entrepreneurial world and his unwavering attitude to stay committed to his goals, made him gain the license after struggling in the industry for six long years.

Having no rich family backgrounds, no backups, no inheritance, and still going on to become a businessman in the saturated industry of cannabis in the US is something only a few can achieve. Mora oozes high levels of tenacity and adaptability that has helped him sustain the same without losing hope and coming up with a unique cannabis brand that can satiate all across the US.

This young Mexican entrepreneur is leaving no stone unturned to excel as a cannabis entrepreneur and in ways more than one; he is also motivating many others to take the first step towards making their dreams a reality.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business Strategies of Michael Gastauer




Michael Gastauer, a German billionaire and entrepreneur, has led Black Banx to remarkable heights with his innovative strategies in the digital banking sector. As the founder and CEO, his vision has transformed Black Banx into a significant player in the global financial industry, serving millions and revolutionizing banking practices. 

Gastauer’s approach has been distinctly customer-centric, focusing on solving real-world problems through accessible financial services. This strategy has not only captured a vast market share but also established Black Banx as a model of innovative fintech success.

Innovate Early and Often, Invest Strategically

Gastauer’s journey began with a robust foundation in the fintech sector, where he initially created and later sold a payment services company for US$480 million. 

This significant capital boost allowed him to invest in his next venture: Black Banx. Launched in 2014, Black Banx differentiated itself by offering real-time account opening and cross-border payment solutions to a global audience, addressing major inefficiencies in traditional banking. 

Gastauer’s foresight in identifying and investing in these key areas early on allowed Black Banx to scale quickly and efficiently. His strategy was clear: leverage high initial investment to accelerate growth and secure a substantial market presence before competitors could catch up.

Within a year of its inception, Black Banx expanded rapidly, reaching over 1 million customers. This was just the beginning, as the platform soon integrated cryptocurrency options, enhancing its appeal and utility for a broader client base. By the end of 2018, Black Banx was valued at US$9.8 billion, a testament to its rapid growth and the successful implementation of its business model. 

Gastauer’s bold move to integrate cryptocurrencies early in the game positioned Black Banx as a pioneering force in fintech, well ahead of traditional banks.

Pinpoint Problems and/or Challenges

One of the core components of Gastauer’s strategy was to tackle financial exclusion head-on. Black Banx made significant strides in offering banking solutions to the unbanked and underbanked, particularly in regions with limited access to traditional banking services. 

By leveraging technology and strategic partnerships with mobile network operators, Black Banx has been able to extend its reach and offer innovative banking solutions to millions worldwide. This strategic alignment with mobile operators has been crucial, as it taps into an existing infrastructure to reach remote areas, significantly lowering the cost of expansion.

The platform’s ability to facilitate quick, cost-effective international money transfers has been a game-changer, particularly in markets like the Middle East, Asia, and Africa. This not only supports individuals and businesses in these regions but also contributes to the overall growth and stability of the global economy. 

Gastauer’s focus on simplifying and reducing the cost of these transactions demonstrates a deep understanding of the core needs of his customers, thereby enhancing customer loyalty and trust in the brand.

Take a Tech-Driven Approach

Under Gastauer’s leadership, Black Banx has remained at the forefront of technological integration within the banking sector. The adoption of blockchain, AI, and data analytics has enabled the platform to offer personalized financial services, enhancing customer experience and satisfaction. 

This technology-driven approach ensures that Black Banx stays ahead of industry trends and continues to offer relevant and secure banking options. Gastauer’s commitment to integrating advanced technology not only streamlines operations but also provides a scalable model that supports continuous growth and adaptation in a rapidly evolving market.

Leave No Market Unturned

Gastauer’s vision for Black Banx was never limited to a single region. By 2023, the company had expanded its services to include 28 FIAT and two cryptocurrencies, with a robust presence in over 180 countries. This global approach has not only diversified the company’s customer base but also minimized regional economic risks, allowing Black Banx to thrive in a competitive and fast-changing financial landscape. 

The strategic decision to operate across diverse markets also mitigates the risk of localized economic downturns affecting the overall health of the company.

Set Milestones

The year 2023 was a landmark year for Black Banx, as it reached 39 million customers and reported revenues of US$2.3 billion. The company’s ability to maintain a high rate of customer acquisition and satisfaction speaks volumes about its effective strategies and customer-focused approach. 

The first quarter of 2024 continued this trend, with Black Banx announcing a pre-tax profit of US$639 million and revenues of US$2.1 billion, driven by strategic implementations like fixed monthly account maintenance fees. Gastauer’s strategy to introduce fixed fees was a calculated risk that paid off, providing stable revenue streams and further solidifying Black Banx’s financial foundation.

Michael Gastauer’s strategic foresight and relentless innovation have propelled Black Banx to new heights, making it a leader in the digital banking sector. His commitment to financial inclusion, coupled with an aggressive expansion strategy and technological integration, has not only shaped the future of Black Banx but has also set a new standard in the industry. 

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