Business
Emerging Markets Report: When FinTech Met Digital Currency
Emerging Markets Report: When FinTech Met Digital Currency.
About this update from Legion Capital Corp
[{"type":"text","content":"\n An Emerging Markets Sponsored Commentary ORLANDO, Fla., April 29, 2021 (GLOBE NEWSWIRE) -- For some time we’ve covered Legion Capital Corp (OTCQX: LGCP), a FinTech enabled private equity lender that is looking to capitalize on investment opportunities for its investors and shareholders alike. A brief primer about Legion Capital before we get into the most recent news from the Company: First, the Company made the leap to OTCQX where its transparency and potential shareholder base greatly increase in our estimation. See our notes on the move here. Secondly, the Company landed a big name when it announced the appointment of J. Bradley Hilton, grandson of legendary hotelier Conrad Hilton, as the company's Chief Technology Officer. Hilton will oversee Legion's global technology strategy, leading the company's continued innovations in FinTech powered specialized business lending and direct investing platforms. Legion is focused on providing bridge funding, acquisition finance, development, and growth capital in a highly customized and expeditious manner, addressing a large and growing segment of small business lending that is under-served by banks and institutions. It is also vested in the red-hot Orlando real estate market. But recent news from the Company about HOW investors can participate is compelling. And it could be a game changer. On April 13, 2021, Legion announced the launch of its next generation investor platform for alternative asset investing, offering an enhanced investor experience with updated offerings, customized views and analysis. We love that the User Experience (UX) is going to be dynamic but what is really interesting is the platform is going to be friendly to digital currencies. This means that in theory, a new BitCoin millionaire can roll their winnings into the tangible asset opportunity that Legion offers. And while a seemingly novel idea, it’s not the first time a public company warmed to digital currency. Massive Square, Inc. has already committed to BitCoin in a big way.A recent article form Investor’s Business Daily explains:“In 2018, (Square) launched Cash App, which enables users to buy and sell Bitcoin. In October, Square said it bought around $50 million in Bitcoin. It followed up in February with a $170 million Bitcoin purchase. \"We believe that Bitcoin ha...