Fast Finance Pay Corp (OTCMKTS:FFPP) Stock In Focus After the Launch of Own Crypto Wallet

German payments and financial technology firm Fast Finance Pay Corp (OTCMKTS:FFPP) could be the company to keep an eye on today in light of the announcement that was made by the company yesterday. The company announced yesterday that it had funded and gone into an agreement with FortKnoxster Ltd, the Gibraltar based software developer.

Trading Data

On Wednesday, FFPP stock ended flat at $0.0071 with more than 848.70K shares, compared to volume of 108.32K shares. The stock moved within a range of $0.0071 – 0.0071 after opening trade at $0.0056.

Fast Finance Pay Corp (‘FFPP’) Announces Launch of Own Crypto Wallet to Its 2.3 MM Email Users and Other Corporate Guidance to Shareholders

By way of this agreement, FortKnoxster would help Fast Finance Pay Corp’s fully owned subsidiary unit Ok.de Services to acquire a portfolio of crypto related services. The acquisitions in question would also include getting access more than 40 blockchains of more than 100,000 digital assets. The digital assets would include Bitcoin and Ethereum as well and would be made available to the 2.3 million users of Ok.de Services.

There are some other key elements of this new business. The Ok.de messenger service would be equipped with a crypto wallet so that it is possible for users to receive and send cryptocurrencies through the encrypted chat feature. User would also get access to more than 100000 cryptocurrencies that could be traded. The new business would also seek to monetize the 2.3 million registered email users of Ok.de through advertising revenues.

Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.