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NEW YORK, March 19, 2021 / PRNewswire / – Bitcoin’s value hit historic highs in mid-March $ 61,000 on Saturday March 14thThis surge could be a few months ahead not only for cryptocurrencies, but also for companies that use crypto as part of their business model. As cryptocurrency becomes an increasingly integral part of global business, companies like Hello Pal International (CSE: HP) (OTCQB: HLLPF), Future FinTech Group Inc. (NASDAQ: FTFT) and Riot should get involved in crypto and crypto mining early on Blockchain Inc. (NASDAQ: RIOT), SOS Limited (NYSE: SOS), and Paypal Holdings Inc (NASDAQ: PYPL) could receive tremendous rewards for their forward thinking.
Hello Pal extends the crypto functions
Mobile technology company Hello Pal International (CSE: HP) (OTCQB: HLLPF) is one of the newest companies to enter the crypto space, though the company claims crypto has always been a central part of its development plan. Hello Pal operates a proprietary, easy-to-use social networking and communication platform that allows users to connect and connect with other users around the world through text messaging, voice chat, and Hello Pal’s new fully featured live streaming platform to be able to communicate. The Hello Pal platform’s features include seamless, real-time translations that allow users to cross the language barrier, as well as secure blockchain-enabled rewards for high quality live streaming content that can be converted into real money.
On February 17thHello Pal announced the company’s latest move into the crypto world with the launch of a new crypto mining initiative in partnership with Shanghai Yitang Data Technology. This initiative offers Hello Pal users the opportunity to easily and conveniently participate in Bitcoin and Ethereum mining by purchasing crypto mining machines hosted and operated by Yitang. The proceeds from these machines are deposited into the user’s Hello Pal wallet.
“It has long been our intention that cryptocurrency play a central role on our platform, especially given the limitless nature of cryptocurrency and our international nature,” Hello Pal founder and chairman KL Wong said in the company’s press release. “The recent activity and interest in cryptocurrency gives us a unique opportunity to introduce cryptocurrency to our users and bring cryptocurrency users to our platform.”
On 8th of MarchHello Pal added a letter of intent to its partnership with Yitang and the company’s crypto strategy to acquire an initial 15% stake in Yitang’s cryptocurrency mining facility. Northwest Chinato dedicate itself to mining Dogecoin and Litecoin, with the option to increase that stake to 35%, along with stakes in additional mining assets from Dogecoin and Litecoin. Upon completion, the facility will be able to accommodate 90,000 mining equipment and have a capacity of 70 MW. That would make it one of the largest dedicated Dogecoin / Litecoin mining facilities in the world.
“We are excited to expand our crypto strategy to Dogecoin and Litecoin, which we believe will play an increasingly important role in the future world of cryptocurrency,” said the company 8th of March Release explained. “The Hello Pal community, especially what we envision, naturally fits in with the Dogecoin / Litecoin community, and this deal allows us to be a major player in it.”
Hello Pal recently released the company’s financial statements for February 2021and posted revenue for a third straight month $ 2,000,000. The company grossed CA $ 2,309,889 for the month.
“What should have been a very poor month for us in terms of sales turned out to be a nice surprise,” said Wong in the company’s press release. “When we start to diversify from that China Live Streaming Market, we are very excited to see our results in the overseas live streaming market continue to grow, especially in the expanded base of live streamers broadcasting on Hello Pal. “
Crypto companies are seeing tremendous momentum
In the past few months, companies have been expanding their assets in the crypto space. Blockchain-based e-commerce and blockchain tech services company Future FinTech Group Inc. (NASDAQ: FTFT) recently signed an agreement to acquire a 60% stake in Sichuan Ticode Supply Chain Management, indicating that the Company prepared for significant growth in the EU in the coming months.
ColoradoBitcoin-based bitcoin mining company Riot Blockchain Inc. (NASDAQ: RIOT) expanded much of its mining capacity last year and acquired more than 2,000 cryptocurrency miners (Antminers) in February, bringing the company’s bitcoin miner fleet to 11,500 machines was expanded. The company announced that it has ordered an additional 26,100 anteaters.
Blockchain-based data and marketing company SOS Limited (NYSE: SOS) is a relatively new provider in the crypto space and is currently focused on building a crypto mining infrastructure as well as developing security management services for cryptocurrency holders. The company recently announced that it had acquired 5,000 additional crypto mining rigs to expand the mining setup.
Leading money processing and transaction company Paypal Holdings Inc (NASDAQ: PYPL) was one of the earliest adopters of cryptocurrency. For years, the company has enabled its users to send and receive payments in digital currencies instead of traditional currencies. The company is also in the acquisition process Tel AvivCurv, a provider of digital asset solutions, including Curv’s cloud-based cryptosecurity services.
The crypto space is in a period of tremendous growth and development, and it is an opportunity for companies like Hello Pal International to expand in new directions that could benefit their businesses.
Click here to learn more about Hello Pal International.
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