Santo Blockchain Labs (OTCMKTS:SANP) has bought 50 ATM Bitcoin machines. The company will ship the machines to itsoperations in the Republic of Panama in thefirst quarter of 2022. Moreover, Santo will purchase 300 more devices in 2022 at $1 million.
Trading Data
On Wednesday, SANP stock doubled to close at $0.0016 with more than 759.88 million shares, compared to its average volume of 80.33 million shares. The stock has moved within a range of $0.0007 – 0.0019 after opening trade at $0.0008.
Santo Blockchain buys 50 bitcoin ATM machines, plans to get 300 in 2022
Santo will create a rollout strategy for Costa Rico and Panama through Santo Pay de Panama, asubsidiary. It will also roll out the Santo Crypto Wallet that will operate via the lightning layer 2 networks. In addition, Santo Blockchain will launch the Santo Bitcoin debit card in the third quarter of 2022.
Santo Blockchain will ship out the initial 50 machines from Shenzhen, China, in February 2022. Furthermore, the company has announced that it will release a pre-recorded shareholder webinar on December 29. The meeting will be at 11 am EST.
According to Santo’s CEO, Frank Yglesias, the company will experience tremendous growth in 2022. The company also plans to provide its services to 400 million Latin Americans who areun-bankable and unbanked people. This figure included 10-15% of the U.S Hispanic population that is un-bankable.
Key Quote
Mr. Frank Yglesias CEO of Santo stated “2022 will be a non-stop year of growth for Santo; as I personally plan for the companies’ 2022 year workload schedule. Santo is on a journey to help bring a new wave of crypto banking, investment and commerce to over 400,000,000 people in Latin America that are unbanked or unbankable, including 10%-15% of the Hispanics in USA that also are un bankable.”
Technical Data
SANP stock is above the 20-Day and 50-Day Moving averages of $0.0011 and $0.0016 respectively. However, the stock is trading below the 50-Day moving average of $0.0026.
