This past Friday SmartCard Marketing Systems Inc (OTCMKTS:SMKG) was in the news after the company made a major new announcement. It should be noted that SmartCard Marketing Systems is involved in the development a range of private label and white label portfolio marketplace technologies to its clients.
Trading Data
On Friday, SMKG stock ended flat at $0.0224 with 8 shares, compared to its average volume 8.54K shares. The stock moved within a range of $0.0224 – 0.0224 after opening trade at $0.0224.
SmartCard Marketing Systems Inc (SMKG:OTCQB) Announces Its Showcase CreareCoin Tokenomics Model on Popular Blockchain Protocols
Last Friday the company announced that it had been successful in further expanding the range of its product offerings through the development of an in-house crypto issuing technology. In addition to that, the solution is also equipped with a secure and audited process that allows for issuing, transacting, underwriting and publishing as part of a service use model.
More importantly, the solution can be deployed in both closed and open loop exchanges with ease. However, at the same time, SmartCard Marketing Systems also noted that the latest solution does not extend to the task of issuance of NFTs or Non-Fungible Tokens. It was a significant new development for the company since the solution is going to be a part of an industry that is growing at a rapid rate.
In 2021, the cryptocurrency exchange industry was valued at as much as $30.18 billion and from 2022 through to 2030, it is going to grow at compound annual growth rate of 27.8%.
Key Quote
*The company recently further expanded its products offering with in-house development of Crypto Issuing solutions with a secure and audited process for underwriting, issuing, publishing, transacting as a service use case model for Open and Closed loop exchanges. This does also extend into NFT issuing with a unique protocol developed by SMKG:OTCQB that allows for limited series production minting very popular for artists, collectors and fan clubs.
Technical Data
SMKG stock is trading below the 20-Day and 50-Day Moving averages of $0.0257 and $0.0319 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0599.
