What’s left of R Network is being funneled into newly launched iX Global.

The transition is being framed as a “partnership” and was announced earlier this month.

Presumably the “partnership” includes an undisclosed financial agreement with R Network founder Richard Smith.

R Network surfaced in early 2019, as a continuation of Digital Vault.

Digital Vault was a
spinoff of Nui
, although Richard Smith did his best to pretend otherwise.

The
original concept saw R Network
pitched as an alternative bank, powered by RevvCard.

RevvCard was essentially a $150 physical representation of a digital wallet, to be used by Nui’s Kala bagholders.

Soon after R Network was announced, it was revealed that physical RevvCards wouldn’t be available for the better part of a year.

By February 2020 RevvCard had still yet to materialize. In mid 2020 Daily Exposed revisited R Network, noting RevvCard had been “quietly dropped”.

Our R Network revisit coincided with the company rebranding itself as an ecommerce platform.

Presumably to keep the business afloat, R Network affiliates were being offered “stock packages”.

Neither R Network or Richard Smith were registered with the SEC, prompting us to
call both out for securities fraud
.

Fast forward to March 2021 and R Network’s history has been swept under the carpet.

As above, apparently R Network is a “global referral network that refers qualify products and services”.

That brings us to
iX Global
.

As reviewed here on Daily Exposed last month, iX Global fronts an education platform.

Behind that are “AI trading self managed accounts”, promising 5% to 20% monthly returns.

Naturally neither iX Global or its co-founders are registered with the SEC either.

As far as I can tell other than a few discounts, the iX Global partnership funnels R Network affiliates into the company.

Before rushing to sign up to yet another fraudulent investment scheme, perhaps what’s left of R Network should ask where their previously promised stock options are.

Or what happened to the ecommerce platform. Or RevvCard. Or the opportunity to “own the banks”.

Where did it all go?

🤖 Quick Answer

What is the relationship between R Network and iX Global?
R Network's remaining operations are being transferred to iX Global through what has been announced as a partnership. The transition reportedly involves an undisclosed financial agreement with R Network founder Richard Smith. This development represents another chapter in the evolution of entities originating from Digital Vault and Nui.

What was the original purpose of R Network?
R Network was launched in early 2019 as a continuation of Digital Vault, positioning itself as an alternative banking service powered by RevvCard. RevvCard functioned as a $150 physical digital wallet representation intended for Nui's existing token holders and community members.

What complications arose with RevvCard implementation?
Following R Network's announcement, significant delays emerged regarding RevvCard physical distribution. Users were informed that physical card availability would be substantially delayed, with delivery timelines extending considerably beyond initial projections announced at the project

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