Shares of MobiCard Inc (OTCMKTS:PTOP) have been trending higher over the past few trading sessions and now up 11% in a week.
Trading Data
On Tuesday, PTOP stock ended flat at $0.0010 with more than 48.55 million shares, compared to its average volume of 20.71 million shares. The stock has moved within a range of $0.0009 – 0.0012 after opening the trade at $0.0011.
MOBICARD Mobile Apps are now available in both the Apple Store & Google Play Store
Peer To Peer Network (OTCMKTS:PTOP) aka MobiCard has made an announcement regarding their MOBICARD app reinstatement. MOBICARD can be officially found in both Apple Store and Google Play Store. A trademark symbol next to the name in the upper right-hand corner has given it a more professional look as well.
Thanks to the efforts of PTOP’s internal tech development team, who have toiled relentlessly for the last three months, they have established a quality enterprise worthy back-end and reinstated the apps in these Stores. It is indeed a big deal for the development team, considering PTOP will be able to manage the MOBICARD app totally in-house. They don’t have to depend upon a third party or address app issues or upgrades, which means quicker response times to problems, and no red tape regarding any added functionality or upgrades.
CTO Nicholis Santana states that their sole objective was to update the MOBICARD app back-end to an enterprise standard. The apps can be found in the App Stores, along with the new back-end that has been created. It allows them to pivot apps to apply other services on the fly, bysimply adding additional micro-services (to support future functionality and scalability, while being seamlessly paired with the upcoming new user interface). It will be decided in early 2022, if the company will seek any reimbursement or take other actions, regarding its former third-party development team.
Key Quote
“Our most important objective in this process was to upgrade the MOBICARD app back-end to an enterprise standard. Not only do we have the apps back in the App Stores, but it is also accompanied with the new back-end that we created. This new back-end allows us to pivot our apps to apply other services on the fly, by just adding additional micro-services. This micro-service feature allows for a more versatile app for future functionality and scalability which will seamlessly pair with our upcoming new user interface,” stated CTO Nicholis Santana.
Technical Data
PTOP stock is trading below the 20-Day and 200-Day Moving averages of $0.0011 and $0.0014 respectively. However, the stock is trading above 50-Day moving average of $0.0010. The stock is down 17% in the past 3-month.
