UK Gaming company Veltyco Group announced today that it has “commenced discussions with blockchain and cryptocurrency providers” about potential partnerships. Afterwards, its stock price leaped 20% at the open on London’s AIM growth market.
Shares Jumping 20%
Veltyco Group, the online marketing company for the gaming industry, said it “has commenced discussions with blockchain and cryptocurrency providers to enter into partnerships”. According to its announcement, Veltyco hopes to create a cryptocurrency wallet that it can market to its customers. The company detailed:
“Veltyco is planning to offer its customers the use of a crypto wallet that can be used across the platforms of all of Veltyco’s partners, allowing customers access to each platform without having to make separate deposits on the individual’s platform as well as enabling Veltyco to cross-sell the different platforms to its customer base.”
In reaction to the news, Veltyco’s shares, which are listed on London’s AIM growth market, jumped 20% at the open. The stock has settled back to a 14% gain.
East or West, Blockchain Is the Best
Governments worldwide may not be united in their attitudes to bitcoin, but they tend to be supportive of the blockchain technology. Blockchain is the cryptographic technology that underpins digital currencies, allowing them to be decentralized, open systems. Investors see great potential in this technology to disrupt the world for the better…