Business
Public Companies Offer a Way to Benefit in Cryptocurrencies While Prices Continue to Fall
Public Companies Offer a Way to Benefit in Cryptocurrencies While Prices Continue to Fall.
About this update from Gd Entertainment & Technology, Inc.
[{"type":"text","content":"MIAMI, FL / ACCESSWIRE / November 28, 2018 / EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on opportunities in cryptocurrencies without direct exposure to the currency itself.Over the past two weeks, the price of Bitcoin and other crypto's have fallen close to 50%. Currently, mining cryptocurrency for the most part, is no longer a viable path to profit. So how does one benefit in the space? Square, Inc. (NYSE: SQ) is an obvious choice as it peaked at $101.15 back in October after it received the green light from regulators allowing New York residents to trade cryptocurrency on its Cash app. Since then however, it has given back 40% as of last Thursday and is beginning to show some movement in the opposite direction. If you're a believer in Square, as a second option, you can have a look at the January 18th 60 call options which are trading with less than $3.00 in time value. If large caps and options aren't your thing, have a look at GD Entertainment and Technology (OTC: GDET), up-and-comer in the transaction based crypto space. The company just released news that it has engaged a leading manufacturer in the space, Genesis Coin, to fulfill its initial purchase of Cryptocurrency ATM's. These cryptocurrency ATM's can seamlessly multi-task between traditional money dispensing, purchasing Crypto-coins, and selling Crypto-coins. More and more apps are being developed which reward users with coins. Whether it be Bitcoin, or Lympo, the app developed jointly by Mark Cuban and the Dallas Mavericks to reward exercise with cryptocurrency, people will need simplicity in trading and liquidating their coins. In addition to its ATM machines, GDET is also making physical storage of bitcoins on debit and credit cards possible. Presently, bitcoins are stored in digital wallets, adding layers of complexity for non-savvy users during retail checkout and other transactions. Being able to store bitcoins in cards and transact like you would with a regular bank-issued credit and debit card will disrupt the digital wallet space.Earlier in August, GDET acquired California-based DreamCard. DreamCard offers solutions for custom designed metal debit or credit cards in the US. GDET plans to leverage DreamCard's capabilities in...