Shares jumped 15% with the news the Group wants to create a "cryptocurrnecy wallet" to market to its clients.
Companies: B90 Holdings plc
Veltyco (LON: VLTY) shares have jumped on Thursday morning as Management announced the Group had begun discussions with blockchain and cryptocurrency providers about entering into potential partnerships.
The Group, an online marketing agency for the gaming industry saw its shares jump 15% off the back of the news it wants to create a cryptocurrency wallet for its gaming industry partners.
"Veltyco is planning to offer its customers the use of a crypto wallet that can be used across the platforms of all of Veltyco's partners, allowing customers access to each platform without having to make separate deposits on the individuals platforms as well as enabling Veltyco to cross-sell the different platforms to its customer base."
Blockchain and cryptocurrencies, in particular, Bitcoin, have become buzzwords in 2017, and for good reason - bitcoin has grown over 1500% this year alone.
Where Bitcoin is the currency, blockchain is the technology that underpins cryptocurrencies like Bitcoin and Ethereum. There has been widespread coverage backing the technology and the potential it holds for everything from currencies, healthcare, and voting.
Veltyco shares have been on the up for a number of years, growing from a price of just 5p in December 2015 to today's price of c. 80p.
Veltyco isn't the only London-listed company to see a jump in share price after jumping on the cryptocurrency bandwagon. Fellow AIM-listed company On-line (LON: ONL) saw its share price soar after adding blockchain to its name back in October, becoming Online Blockchain (LON: OBL).
