Pareteum adds Blockchain settlement for cryptocurrency to platform
Cryptocurrency mania continues as the bitcoin bubble expands
Pareteum Corp. (TEUM) announced that it has completed development enabling it to add support of Blockchain technology to its billing and settlement services.
“This newest service capability enables Pareteum customers to participate in the transformational ‘Digital Economy Monetization to the Cloud’ and now accept and process Bitcoin, Ethereum, Litecoin, Airtokens and other forms of cryptocurrencies,” said the company, whose share were halted pending the news release.
Hal Turner, Executive Chairman and Principal Executive Officer of Pareteum, added:
“We envision a time in the not too distant future when Pareteum could create its own currency payments and settlements among the millions of subscribers on its platform globally.
As we consider the new global mobile landscape, and Pareteum’s service and capabilities developments in 2017, which have opened doors for us in the Internet of Things, Smart Cities, and use of Artificial Intelligence and Machine Learning creating predictive analytics for the vast amounts of digital data we are capable of securely processing, we maintain an optimistic view towards 2018 and beyond.”
Cryptocurrency revenues have been pointed to as reasons to be bullish on Advanced Micro Devices (AMD) and Nvidia (NVDA) in select research. Overstock (OSTK), Digital Power (DPW), Long Blockchain (LTEA), Seven Stars Cloud Group (SSC), Riot Blockchain (RIOT), Longfin (LFIN) and Social Reality (SRAX) are other stocks that have been touted, or promoted themselves, as a way to play the crypto theme.
Pareteum (TEUM) jumps 99% to $2.54 after adding blockchain technology.
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