Gaming company Veltyco is now getting into Blockchain and Cryptocurrency

Nishanth Shetty

December 22, 2017 11:20 am

Gaming company Veltyco is now getting into Blockchain and Cryptocurrency | Coindelite News
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Blockchain News

Veltyco Group, the online marketing company for the gaming industry, told it has done with the discussion with the blockchain and the cryptocurrency providers to have collaboration”. The announcement says Veltyco wants to create a cryptocurrency wallet which can be used to market its customers. Later on,  its stock price increased to  20% at the open on London’s AIM growth market.

The company described:

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.”

Well, Blockchain is the best

Governments around the world may not accept bitcoin, but they are supporting the blockchain technology. Blockchain is the cryptographic technology that is backed up with the digital currencies, letting them be digitalized, open systems. Investors see the great benefit of this technology to change the world as a better place.

Actually, Veltyco is not only the first organization to see the stock jump after trying crypto and blockchain industry. A British company which is named as  On-line Plc jumped more than 394 percent in October after announcing the plan of changing its name to On-line Blockchain Plc. Fintech business Longfin raised 2,600% in a week after buying “a blockchain-empowered global micro-lending solutions provider” that handles cryptocurrencies.

Chinese companies are also turning into blockchain technology for possible opportunities. Ping Shan Tea Group is a Hong Kong stock exchange-listed tea manufacturer. The firm changed its name to Blockchain Group Company Limited this November after struggling in the loss for almost three years. The company spokesman described that the reason behind using blockchain was to quickly build up a new corporate image.

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