BIGG Digital Assets Inc. (OTCMKTS:BBKCF) jumped 6% last week after the Netcoins owner announced Netcoins Pay, which is a prepaid card enabling users to use their Canadian dollar balance in Netcoins to earn BTC back after each purchase.
Trading Data
On Friday, BBKCF stock moved up by 2.74% to $0.9863 with more than 388k shares, compared to its average volume of 1.02 million shares. The stock has moved within a range of $0.9500 – 1.0129 after opening trade at $1.01.
BIGG Digital Assets Subsidiary Netcoins Launches Netcoins Pay – a Bitcoin Rewards Prepaid Card
Netcoins is a crypto brokerage that makes it possible to sell, buy and understand Crypto in Canada. CEO Mark Binns said that they collaborated with KOHO for the Netcoins Pay card. KOHO has experience in working in the product category and was instrumental in making the company realize the feat. Binns added that they love what KOHO does in trying to equip Canadians with financial control in a transparent and accessible way.
Netcoins Pay enables users to grow BTC holding as they spend daily. In addition, users can track their transactions and rewards within the platform. Most importantly, users will earn the rewards in Canadian dollars before they are converted into BTC at intervals Netcoins will set. So, BBKCF is worth watching in the coming months.
Key Quote
Mark Binns, Netcoins CEO, remarked “We’re proud to have partnered with KOHO for this card. KOHO’s experience in working in this product category has been invaluable to us and we love that they also strive to equip all Canadians with control over their finances in an accessible and transparent manner.”
Technical Data
BBKCF stock is trading below the 20-Day and 200-Day Moving averages of $0.0722 and $0.0769 respectively. However, the stock is trading above the 50-Day moving average of $.0700. The stock is up 8% in the past week.
