Blockchain Market Expected to Grow as Financial Companies Plan Investments

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Blockchain Market Expected to Grow as Financial Companies Plan Investments

PR Newswire

LAS VEGAS, June 13, 2018 /PRNewswire/ --

FN Media Group Presents Microcapspeculators.com News Commentary 

A report published by MarketsandMarkets indicates that the FinTech Blockchain Market size is expected to grow from USD 3.7 Billion in 2018 to USD 6.2 Billion by 2023, and at a Compound Annual Growth Rate (CAGR) of 75.9% during the forecast period. According to the report, the key factors driving the FinTech Blockchain Market include its high compatibility with the financial industry ecosystem, faster transactions, reduced total cost of ownership, as well as the rising cryptocurrency market cap and Initial Coin Offering (ICO).

More and more financial companies are investing in Blockchain technology. Recently CoinDesk reported that Mastercard is exploring the use of public blockchains for securely verifying payment cards at the point of sale.

Some companies exploring blockchain technology include: APT Systems, Inc. APTY, Marathon Patent Group, Inc. MARA, Bitcoin Investment Trust GBTC, MGT Capital MGTI, Riot Blockchain, Inc. RIOT.

APT Systems, Inc. APTY

Market Cap: $2.094M, current share price: $.0066 

APT Systems, Inc. (APTY), a fully-reporting, publicly-traded, fintech company, announced that the recent filing of its 10-K ending January 31, 2018 allows the Company to move forward with a funding agreement reached earlier with student-led Triton Funds LLC. Financial support is an important part of commitments going forward as are agreements with supportive investors that have extended repayment dates. Management expanded their software development team based on platforms planned for next six months. The Verifundr platform, with its smart contracts, is a critical element in forming the trusted financial ecosystem as it allows for all members to be vetted under both KYC and Anti-money laundering protocols, currently maintained by the banking industry and its regulators.

Marathon Patent Group, Inc. MARA

Market Cap: $24.69M, current share price: $1.23 

Marathon Patent Group Inc. shareholders understanding how the stock's risk and return characteristics can impact your portfolio is important. A market capitalisation of nearly 25M puts MARA in the category of small-cap stocks, which tends to possess higher beta than larger companies. Furthermore, the company operates in the professional services industry, which has been found to have high sensitivity to market-wide shocks. As a result, we should expect higher beta for small-cap stocks in a cyclical industry compared to larger stocks in a defensive industry.

Bitcoin Investment Trust GBTC

Market Cap: $2.047BN, current share price: 11.48 

Bitcoin Investment Trust is a private, open-ended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin. It enables investors to gain exposure to the price movement of bitcoin without the challenge of buying, storing, and safekeeping bitcoins. The BIT's sponsor is Grayscale Investments, a wholly-owned subsidiary of Digital Currency Group. As of March 31, 2018, each BIT share represents ownership of 0.00100396 bitcoins. The trust will not generate any income and regularly sells/distributes bitcoins to pay for its ongoing expenses. Therefore, the amount of bitcoin represented by each share gradually declines over time.

MGT Capital MGTI

Market Cap: $80.6M, current share price: $1.13 

MGT is primary a cybersecurity company, but the company also has deep roots in the blockchain and cryptocurrency realm. MGT owns and operates a 5.0 PetaHash bitcoin mining machine that yields about 100 bitcoins a month which equates to roughly $1,000,000 to $2,000,000 a month in revenue from the mining operations.

Riot Blockchain, Inc. RIOT

Market Cap: $100.25M, current share price: $7.44 

Riot Blockchain changed its name from Bioptix and literally did a total 180 with their business plan. A pharmaceutical company existing since 1998, RIOT essentially rebranded themselves as a blockchain company overnight.

RIOT is now focused on gaining exposure to the blockchain field via investments in blockchain-related companies. The Company produced approximately 122 Bitcoins during May, including the BCash that was mined and converted to Bitcoin throughout the month. The Company produced approximately 28 Litecoins as well. The Bitcoin yield represents an approximate 13% increase over the Company's yield for the month of April 2018.

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MS Disclosure: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. ACR Communication, LLC, which owns Microcapspeculators.com, is not registered with Finra or any other financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. ACR Communication, LLC [and/or] Microcapspeculators.com does not have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. ACR Communication LLC, which owns Microcapspeculators.com, is compensated for its services in the form of cash-based compensation or in equity in the companies it writes about, or a combination of the two. ACR Communication, LLC has been compensated one thousand dollars cash for this article and one thousand dollars total by Regal Consulting, LLC, for APTY. APTY and Regal Consulting, LLC were given an opportunity to edit information included in this article. This article is based solely on public information and the opinions of ACR Communication, LLC, which believes the news commentary to include accurate and complete information. ACR Communication, LLC, will not buy or sell any shares in stocks contained within this article for forty eight hours after this article's distribution.

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