APT Systems Inc (OTCMKTS:APTY) has rallied to three-year highs after a 31% rally on confirming major development of its escrow service Verifundr. Currently, a team of digital strategists are working on the blockchain-supported service to enhance its visual interface.
Verifundr is to use smart contracts to serve as a neutral third party to ensure funds are duly released. Additionally, the underlying blockchain technology should ensure the service is well suited for escrow and other similar functions.
The use of blockchain-powered escrow services is expected to increase as the technology can eliminate most fraud and tampering that exists in the industry. APT Systems is well-positioned to take advantage of the expected use case, having already identified the power of blockchain for a re-imagined escrow service
CEO Glenda Dowie expects the blockchain-powered escrow service Verifundr to play a pivotal role in addressing a global demand for fiat and cryptocurrency-backed escrow services.
Market Reaction:
On Monday, APTY stock surged 31% at $0.0214 with more than 93.69 million shares, compared to its average volume of 36.85 million shares. The stock has moved within a range of $0.0162 – 0.0215 after opening the trade at $0.0170.
