Social Life Network Inc. (OTCMKTS: WDLF) fell 5% after the company and its division Decentral Life announced the launch of a new QR Code add-on application for their Digital Wallet and Payment platform.
Trading Data
On Friday, WDLF stock fell 5.56% to $0.0017 with more than 16.75 million shares, compared to a volume of 28.42 million shares. The stock moved within a range of $0.0016 – 0.0019 after opening trade at $0.0017.
Decentral Life Launches New QR Code Application for Cryptocurrency Payment Solutions
The add-on application allows mobile retailers to receive crypto payments that are easily tracked in their accounting software like NetSuite or QuickBooks. CEO Ken Tapp said that the add-on to the Digital Wallet and Payment Platform are working with software such as NetSuite, QuickBooks, and other leading accounting apps, and the QR code add-on will allow for easy accounting of crypto purchases.
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Tapp added that the QR Code add-on would be a crucial feature for mobile customers that pay retailers physically at expos, trade shows, and conferences. In 2021 retail mCommerce sales were $359 billion, increasing 15.2% YoY, and the sales could double by 2025. The feature’s launch sought to meet growing trends in the m-commerce sector. So in the coming weeks, WDLF is worth watching.
Key Quote
“As an add-on to our Digital Wallet and Payment Platform, which already works seamlessly with software like QuickBooks, NetSuite and many other popular accounting applications, the QR Code system add-on allows for easier accounting of purchases with cryptocurrency,” said CEO, Ken Tapp. “I believe the QR Code add-on to be a critical feature for mobile customers paying retailers face-to-face, at trade shows, expos, and conferences. Retail mcommerce sales hit $359 billion in 2021, an increase of 15.2% over 2020, and it is on track to more than double by 2025. We needed to launch this feature as soon as possible to meet the changing trends in mcommerce transaction head-on”, added Tapp.
Technical Data
WDLF stock is trading below the 20-Day and 50-Day Moving averages of $0.0018 and $0.0019 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0031.
