SmartCard Marketing Systems Inc (OTCMKTS:SMKG) Stock On Radar After Recent News

One of the companies that investors may take a bit of interest in this morning is that SmartCard Marketing Systems Inc (OTCMKTS:SMKG), following a key announcement from the innovative company yesterday.

Trading Data

On Thursday, SMKG stock slid 1.47% to $0.0269 with more than 3.45K shares, compared to its average volume of 10.80K shares. The stock moved within a range of $0.0269 – 0.0269 after opening trade at $0.0269.

SmartCard Marketing Systems Inc (OTC:SMKG) Inclusion Of Embedded Payments And Now Blockchains; Ethereum, Algorand, And Solana.

The company announced yesterday that it had decided to spur growth by way of Embedded Finance and Embedded Payments. Yesterday, the company announced that it had also decided to go for Embedded Blockchain processes which are expected to be integrated seamlessly with the intellectual property portfolio that it has under its disposal. It was a major new development for the company since such innovation is going to further expand the cross-border reach of the company in an effective way.

In this regard, SmartCard Marketing Systems also noted that digital inclusion is going to be a big thing in the coming years as more and more major financial institutions are getting into it now. In addition to that, businesses and governments are quite serious about it as well. As a result, there is a significant thrust toward legalizing many of the aspects of blockchain, cryptocurrencies and decentralized finance. It is going to be interesting to see if the latest announcement leads to any major move in the SmartCard Marketing Systems stock or not.

Key Quote

The CEO Massimo Barone stated the turbulence in the market is the reflection of change that has been expedited by several factors including the Covid-19 Pandemic and the Great Departure- Vacancy in the Workforce that was anticipated and expected to last more than a decade. The resilience of businesses in Retail, Trade Shops, Restaurants and the Workforce all reshaped or in some cases evolved to meet the Digital Market Economy pushback.

Technical Data

SMKG stock is trading below the 20-Day and 50-Day Moving averages of $0.0271 and $0.0336 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0603.