A Tennessee-based micro cap just announced that the company has completed the initial development on the newest version of its software platform which enables a store owner to cell certain cryptocurrencies to customers – with or without a bank account or credit card, according to the release. Shares of Surgepays Inc. (NASDAQ:SURG) are bid up on the news.
Surgepays is a fintech company. It provides services to financial technology, telecommunications, and digital media companies. The company offers prepaid wireless and underbanked financial products and services, along with popular consumer goods, to retail merchants such as operators of convenience stores, bodegas, and gas stations. Its operating segment includes Surge Blockchain and Other; Surge Logics; TW and ECS (Electronic Check Services).
Traders appear to be optimistic on the news as shares are bid up at $2.35/share (+8.80% implied open for sellers) ten minutes before the opening bell. This move will be a breath of fresh air for those who have been holding since the 52-week high of $4.24/share.
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