If you have been following the cryptocurrency world, you may have heard the buzz surrounding the company TechX Technologies. The company is a newly public cryptocurrency company that is making significant investments into the crypto industry.
The crypto market is one of the most volatile markets in the world and at the same time, a lot of people tend to overlook it. A lot of companies are making some interesting moves into the sector and you might be surprised to learn about some of them. That is why we have compiled this list of companies that are making some big moves and investments into the crypto space.
Bitcoin may be the topic of the decade, but it is not the only cryptocurrency out there. In fact, there are hundreds of cryptocurrencies in existence today, with new ones being created daily. Some are more popular than others, but new ICOs are created every day that offer just as much value as existing cryptocurrencies. (As you’ll soon learn in a moment, some of them offer more value than what’s currently on the market.)sponsored by TechX Technologies is a publicly traded company headquartered in Vancouver, Canada. TechX is listed on the Canadian Securities Exchange (TECX), the Frankfurt Stock Exchange (C0B1) and the over-the-counter market (TECXF).
TechX acquires Mobilum for $16 million
TechX Technologies Inc. (CSE: TECX) (OTCMKTS: TECFX) (FRA: C0B1) is a publicly traded company that has been causing a furore with its merger and acquisition initiatives. The company acquired 100% of the assets of Cryptobuddy and renamed it Alt Signals, a cryptocurrency trading signal platform, through its subsidiary in a C$5 million fully equity transaction. Shortly after the acquisition, TechX Technologies signed a definitive agreement to acquire a 100% stake in XPort Digital Ltd, a platform for buying cryptocurrencies without creating an account. The company acquired XPort in an equity transaction worth 5 million Canadian dollars. On the 26th. In May, the company announced the acquisition of Mobilum OU, a fintech company that provides fiat currency infrastructure for the crypto industry. The agreement gives TechX a 100% stake in Mobilum. Mobilum processes between C$100,000 and C$250,000 in transactions daily for exchanges, including the world’s sixth largest cryptocurrency exchange, KuCoin. With very few exchanges offering credit card processing, we have seen exponential growth in demand from exchanges and cryptocurrency companies for our on-ramp solution. The merger with TechX will enable Mobilum to increase liquidity, allowing us to process millions of dollars per month, said Wojtek Kaszycki, CEO of Mobilum. TechX is pleased to acquire Mobilum’s innovative technology that bridges the gap between fiat currencies and cryptocurrencies to accelerate the mass adoption of cryptocurrencies around the world, said Peter Green, CEO of TechX. Decentralized financial applications are growing rapidly, and assets under management in interest-bearing cryptocurrency portfolios have grown exponentially to billions of dollars in the past year. All over the world, people are no longer satisfied with interest rates of less than 0.50% charged by banks. Non-banking services will be the new norm, and we hope to become a major player in this growing market very soon. The decision by financial institutions to support cryptocurrency payments offers customers an easier and safer way to invest and transact with secure digital currencies. We can expect merger and acquisition activity to increase in the coming months as more institutions, wallets, exchanges and DeFi services adopt on and off platform payment processing technologies. This is a sponsored article. Find out how to engage our audience here. Read the disclaimer below. Photo credit: Shutterstock, Pixabay, Wiki Commons Denial: This article is for information only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any goods, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services referred to in this article.Public Company TechX Technologies Is Making Significant Acquisitions in the Crypto Industry – Sponsored Bitcoin News. The crypto industry is booming. With the recent additions of new technology and the elimination of problems with blockchain, the crypto industry will be joining the mainstream in no time. This growth of the crypto industry will be advantageous for companies like TechX Technologies that are already in the crypto industry.. Read more about new cryptocurrency and let us know what you think.
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