The FinTech and Cryptocurrency Marriage; How Companies are Capitalizing on the Digital Currency Revolution
The
FinTech and Cryptocurrency Marriage; How Companies are Capitalizing on the
Digital Currency Revolution
Companies Mentioned: Longfin
Corp. (NASDAQ: $LFIN),
Glance Technologies (CSE: $GET.C; OTCQB:
$GLNNF), Spindle, Inc. (OTCQB: $SPDL), NetCents Technology Inc. (CSE: $NC.C /
Frankfurt: 26N)
Point Roberts, WA – December
21, 2017 - Investorideas.com, a leader in Blockchain content with its Bitcoin
and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com
and Blockchaininvestorideas.com
reports on recent developments in fintech and cryptocurrency.
Read this news in
full at http://www.investorideas.com/news/2017/bitcoin/12211FinTechCryptocurrency.asp
According to CoinMarketcap.com the value of
cryptocurrencies as of December 20th was $611,496,367,369 measuring 1368
cryptocurrencies. With comments from Bloomberg
like “Fintech plus cryptocurrency equals about
$7 billion” regarding the recent rise of Longfin Corp. (NASDAQ:
LFIN ), investors are on
the hunt for what’s next in the sector.
Fintech company Longfin Corp.’s
(NASDAQ:
LFIN) stock saw a 2700%
increase following news of the
acquisition of Ziddu.com, a Blockchain-empowered solutions provider that offers
Microfinance Lending against Collateralized Warehouse Receipts in the form of
Ziddu Coins.
From the press release: Ziddu Coin is a smart
contract that enables SME’s, processors, manufacturers, importers and exporters
using cryptocurrencies across continents. Ziddu Coins are loosely pegged to
Ethereum and Bitcoin. The importers/exporters convert offered Ziddu coins into
Ethereum or Bitcoin and use the proceeds for their working capital needs. At
the end of the contract, importers/exporters will realize their proceeds and
pay back their funds through cryptocurrencies only. Depending upon the risk
profile of the counterparty, the interest will vary from 12% to 48%.
“The advent of Blockchain technology has caught the
imagination of the global financial services industry; blockchain is emerging
as a technological revolution that is set to disrupt the financial services
infrastructure. Cryptocurrencies such as Bitcoin and Ethereum will act as a
global financing currency to avail credit against hard currencies of many
emerging markets.” Says Venkat Meenavalli, Chairman of Longfin Corp.
Longfin is a US-based,
global FinTech company powered by Artificial Intelligence (AI) and Machine
Learning. The company, through its wholly-owned subsidiary, Stampede Tradex
Pte. Ltd, delivers foreign exchange and finance solutions to
importers/exporters and SMEs. Longfin also provides cryptocurrency-based
financial service for importers/exporters with Ziddu coins from its
blockchain-empowered subsidiary Ziddu.com. Currently, Longfin has operations in
London, Singapore, Dubai, New York, Miami and India.
In October Spindle, Inc. (OTCQB:
SPDL), a provider of
unified commerce solutions reported that it has entered into a binding letter
of intent to acquire all of the shares of a privately held and profitable
payments processing company. According to the 8K filed, Spindle will acquire
100% of the ownership in VyaPay, LLC (https://www.vyapay.com/). According to the filings the term sheet expires December
31, 2017. If completed, it will give Spindle entry into the crypto space
according to a merchant processing site http://1f16.com/merchant-processing.
“VyaPay is the leader in
the “New Age”. Whether you are aware of
Crypto-Currencies or not, VyaPay is already the solution in taking and
receiving today’s leading Crypto-Currencies.
As the World is changing, so is the “Money” being used. You want to be with a progressive leader in
solving all of your Merchant Processing needs.
Do not lose business by being “Un-Accommodating” to all forms of Cash. “
One small fintech company
has made its way to Davos as it focuses on the crypto/blockchain sector. On December 12th Glance Technologies Inc.(CSE:GET.CN)(OTCQB:GLNNF) announced that it will be attending and speaking on a panel
at the inaugural Blockchain Davos event to be held in Davos, Switzerland - January
23 - 26, 2018. Glance will also be a sponsor of the event.
From the Press release: Each
year in January, the top global leaders gather in Davos from every country and
sector to collaborate on developing shared initiatives to improve the condition
of our world. Led by 2017's blockchain boom and the "Fourth Industrial
Revolution", Blockchain Davos is a gathering to build partnerships for a
decentralized future. Blockchain Davos is an exclusive invite only conference
for attendees. The event is timed to coincide with the annual World Economic
Forum, which is also being held in Davos.
Glance is attending the event to raise awareness of its
upcoming cryptocurrency and to make further inroads into the worldwide
cryptocurrency and blockchain community. Glance's planned cryptocurrency is a
rewards based token that will be granted as rewards to users of the Glance Pay
mobile payment app every time they spend on the Glance Pay mobile payment
network, whether they have paid with the new cryptocurrency or via other
payment methods. This strategy is intended to support rapid adoption of the
cryptocurrency to a broad range of consumers, although the app will also be
marketed to crypto users in leading urban centers. Glance also intends to apply
elements of its anti-fraud technology to this cryptocurrency to reduce the risk
associated with converting traditional currencies to and from cryptocurrencies.
Glance Technologies owns and operates Glance Pay, a
streamlined payment system that revolutionizes how smartphone users choose
where to dine, order goods and services, make payments, access digital receipts,
redeem digital deals, earn great rewards & interact with merchants
NetCents Technology Inc (CSE:
NC / Frankfurt: 26N) just
announced on December 14th the development and imminent launch of a proprietary
cryptocurrency platform to round out the NC Exchange. Yesterday, NetCents
paused the ability of users to purchase Bitcoin and Ethereum via the NC
Exchange due to processing delays with the Company's exchange partners.
Coinciding with the updated
exchange functionality, the Company will be launching a new, updated website.
The new website, eWallet, and NC Exchange will focus on improving site
usability and flow, thus streamlining the process for site users.
NetCents is a
next-generation online payment processing platform, offering consumers and
merchants online services for managing electronic payments.
For a complete list of bitcoin and blockchain stocks visit
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