Hello Pal acquires Dogecoin mining company

#Hello #Pal, a #Canadian-based #translation and #phrasebook #application #company, announced that it has acquired mining venture company #Crypto #Pal. The acquired company comes to the fore with #Dogecoin and #Litecoin mining.

Listed on various exchanges, Hello Pal company gave more detailed information about the acquisition yesterday, while Crypto Pal was purchased for $ 1.8 million in cash and $ 1.5 million worth of shares.

As a result, Hello Pal acquired 51 percent of the mining company. It is stated that Hello Pal will offer users to obtain mined cryptocurrencies by owning all or part of the mining devices after a while.

Crypto Pal company has approximately 12,500 devices used in Dogecoin and Litecoin mining in various places.

In the statement made by the company, it was also stated that Hello Pal is the only company listed on stock exchanges focusing on Dogecoin mining, and the main purpose is to enable users and customers to access cryptocurrencies more easily in matters such as social interaction, foreign language learning and travel.

KL Wong, the founder and CEO of Hello Pal, commented, “For Dogecoin, it is now called 'People's money'. It is spreading rapidly and there is international adoption. We expect many gains with the Dogecoin integration, from our user base to our live streaming services.