RNS Number : 9943Z
Veltyco Group PLC
21 December 2017
21 December 2017
Veltyco Group plc
("Veltyco", the "Company" or the "Group")
Blockchain and Cryptocurrency
The Board of Veltyco Group plc (AIM:VLTY), the online marketing company for the gaming industry, is pleased to announce that is has commenced discussions with blockchain and cryptocurrency providers to enter into partnerships to enable Veltyco's customers to use cryptocurrencies to create one wallet for the Group's various operating partners in the gaming industry.
A cryptocurrency is a digital currency in which certain principles of cryptography are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of any central bank. Cryptography is used to secure the transactions and to control the creation of new coins.
Veltyco is planning to offer its customers the use of a crypto wallet that can be used across the platforms of all of Veltyco's partners, allowing customers access to each platform without having to make separate deposits on the individuals platforms as well as enabling Veltyco to cross-sell the different platforms to its customer base.
Veltyco will provide further updates in this regard as appropriate.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
For further information, please contact:
Veltyco +44 (0)16 2460 5764
David Mathewson, Chairman
Marcel Noordeloos, CFO
Strand Hanson Limited (Nominated Adviser) +44 (0)20 7409 3494
Northland Capital Partners Ltd (Broker) +44 (0)20 3861 6625
IFC Advisory (Financial PR) +44 (0)203 053 8671
Veltyco is a group of companies primarily focused on generating marketing leads and entering into marketing contracts for the activities of various partners in the gaming industry. Veltyco focuses on complementary activities under one umbrella, leveraging its historical cash generative activities of marketing online casinos and sports betting.
This information is provided by RNS
The company news service from the London Stock Exchange