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.
In fact, Veltyco is not the first company to see its stock jump after tapping into the crypto and blockchain industry. A British company On-line Plc jumped as much as 394 percent in October after announcing plans to change its name to On-line Blockchain Plc. Fintech business Longfin rallied 2,600% in a week after buying “a blockchain-empowered global micro-lending solutions provider” that handles cryptocurrencies.
Chinese companies also turn to blockchain for possible opportunities. Ping Shan Tea Group is a Hong Kong stock exchange listed tea manufacturer. The company changed its name into Blockchain Group Company Limited this November after suffering losses three years in a row. The company spokesman explained that with a name bearing blockchain, they will be able to quickly build up a new corporate image
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