Bitcoin is raging higher again, continuing it hyperbolic run towards $10,000 and sparking interest in every direction towards the digital currency and its underlying blockchain technology.
Microcap Key Capital Corp. (OTCPK:KCPC) wants a piece of the action, announcing Monday morning that it has established a fintech division dedicated toward pursuing opportunities related to blockchain and cryptocurrencies. The Scottsdale, Arizona-based company has interests in several industries, including life sciences, mining and fintech (financial technology).
The company has also entered into a gold pre-purchase agreement to deliver gold bullion to support GoldCrypto.io's AuX Tokens, the world's first cyrptocurrency to be uniquely backed by production of physical gold that will continue to accrue to the AuX Token gold reserve.
Officially, the agreement is with Crypto Investor, Inc., the GoldCrypto.io service operator/administrator.
In the novel approach of GoldCrypto.io, physical gold is pre-purchased at steep discounts while it is still in the ground at production-ready mining sites.
Key Capital will be managing the gold production and delivery of the bullion.
Key Capital hopes GoldCrypto will emerge at the "digital gold standard" currency that, in the future, could be a global asset-backed reserve currency.
Shares of KCPC, which have been downtrending since mid-April, are up 17.7% to 20 cents about one hour into Monday's trading session.
Related Stories
