While the name of the parent company may be confusing when discussing cryptocurrency, a wholly-owned subsidiary of World Series Of Golf Inc. (OTCPK:WSGF) confirmed today that the development is underway to add cryptocurrency and crowdfunding functions to the company’s Vaycaychella App.
World Series of Golf is a sports entertainment company, which hosts amateur golf tournaments and events and seeks to create branded products, games, media, and entertainment based on its proprietary golf tournament method of play.
On January 2, 2020, the Company acquired Vaycaychella, LLC, a business facilitating financing for the purchase and renovation of real estate properties for the purpose of generating revenue from short-term vacation rentals. Vaycaychella's mission is to serve short-term vacation rental owners and investors in the near term with a peer-to-peer (P2P) lending application (app) under development. Vaycaychella's plans in the longer-term are to introduce additional apps that provide ancillary services to short-term rental owners and investors.
Traders were bullish on the news as shares got up to a session high of $0.0329/share (+26.44%). This move comes a day after the stock came into contact with its 50-day SMA, looking to continue its uptrend.
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