KYN Capital Group Inc. (OTCMKTS:KYNC) dropped 35% last week after the company announced https://koinfoldpy.com its inclusive payment solution allowing businesses to receive and use Digital Assets in making payments. Koinfold Pay accepts crypto payments from across the globe, and merchants can accept payments including Litecoin, Bitcoin Cash, Ethereum, and other cryptos into their accounts for easy and quick payments.
In addition, the company is working with a global payment system to do away with fraud and Fiat Settlements process in receiving funds into the bank account with minimal risk or volatility. Most importantly, clients can sell, buy and store crypto on the Koinfold wallet commission-free.
Ever since the company hired a new CEO, Rick Wilson, it became “pink current” and retired around 400 million unrestricted stock to its treasury. Wilson is an experienced professional in the booming cryptocurrency sector of EMT and ICBU fame which saw significant moves. Therefore with the launch of the crypto selling and buying platform KYNC is a stock worth keeping an eye on.
Market Reaction:
On Friday, KYNC stock went up 0.76% at $0.0133 with more than 535.17 million shares, compared to its average volume of 156.89 million shares. The stock has moved within a range of $0.0108 – 0.0154 after opening the trade at $0.0129.
