Miami, FL – November 14, 2018 (EmergingGrowth.com NewsWire) — 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 GD Entertainment & Technology, Inc. (OTC Pink: GDET).
MIAMI, FL / ACCESSWIRE / November 14, 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 the three companies in the cryptocurrency sector.
The price of Cryptocurrencies has stabilized since early September, and the decreased volatility has resulted in less volume in their respective markets. Further, with the price of Bitcoin stagnant in the low $6,000.00’s per coin, mining for it and other crypto’s has been on a decline for most of 2018.
That being said, institutional capital is still flowing into the space. Intercontinental Exchange (NYSE: ICE) recently announced that this month it will launch a startup called Bakkt whose single aim will be to create a federally regulated market for Bitcoin. ICE is the powerful trading house that owns the New York Stock Exchange and 11 other major financial and commodity marketplaces. ICE’s move to create a regulated marketplace for bitcoin will clear the way for major money managers to offer Bitcoin mutual funds, pension funds, and ETFs as mainstream investments.
So where is the growth in the space going to be? According to GD Entertainment & Technology (OTC: GDET), it will be in ATM’s and the transactional side of the business.
Emerging Growth Report just released for GD Entertainment & Technology (OTC: GDET)
“In the imminent future, the number of merchants and consumers using bitcoin will reach a critical mass. To prepare for this future, we need to start building the infrastructure needed today. This is precisely what GDET is committed to doing, particularly in the retail space where millions of consumers want to own bitcoin and transact in it but don’t know where to start” said Mr. Anil, CEO GD Entertainment & Technology.
To make bitcoin more accessible to consumers, GDET is 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 (who happen to be the numerical majority) 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 customized design metal debit or credit cards in the US. GDET plans to leverage DreamCard’s capabilities in card customization and storage in order to enter the market for providing cryptocurrency-backed “white label” credit and debit cards. The rollout is slated for Q1 2019. This presents a tremendous opportunity to realize strong sales in the short-to-midterm, considering the pay card market globally is estimated at $2.7 trillion. Moreover, GDET is developing its own point-of-sale (POS) systems which will be GDET-branded and provided to merchants, allowing it to accelerate uptake of its cards.
With Patrick Byrne, CEO of Overstock.com Inc. (NASDAQ: OSTK), touting the mass adoption of cryptocurrency and the collapse of the current established financial system, the market will adapt to a mainstream way of transacting in cryptocurrencies.
GD Entertainment & Technology (OTC: GDET)’s recent acquisition of DreamCard, and its move to enter the cryptocurrency ATM market, could put it in the forefront of the space.
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