UK company's stock jumps 20% after its blockchain mention

Veltyco has started discussions with blockchain and cryptocurrency providers about potential partnerships
21 December 2017   2198

Veltyco, a marketing company, which is generating marketing solutions for the gaming industry, saw its stock price leap higher today after telling investors it has started discussions with blockchain and cryptocurrency providers about potential partnerships.

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 individuals platforms as well as enabling Veltyco to cross-sell the different platforms to its customer base.

After the announcement Veltyco's shares, which are listed on London's AIM growth market, jumped 20%. The stock has pulled back a little since then but it is still up around 13%.

Veltyco ChartsVeltyco Charts

Recently, we have reported that Samsung SDS concluded a test on blockchain-powered storage in marine transport, with the expectation that the technology will take the shipping industry to a new level.

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   88

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.