KYN Capital Group (KYNC) Stock Comes Back Strongly: How Should You React?

The crypto sector has grown by leaps and bounds over the course of the past few years and payments through cryptocurrencies are now a reality. This past Friday, the KYN Capital Group Inc (OTCMKTS:KYNC) stock was in considerable focus among investors after the company announced the launch of its contactless cryptocurrency payment gateway named Koinfoldpay.

The payment gateway is meant for businesses and will allow merchants to receive payments made online through some of the more popular cryptocurrencies like Litecoin, Bitcoin, Bitcoin Cash and Ethereum. It is a significant development for KYN Capital and the investors recognised that as well. The KYN Capital stock soared by as much as 22% on Friday.

It is likely to be on the radars of many investors this morning and hence, it could be a good idea to keep a close eye on the KYN Capital stock. This is a major step from the company and could help businesses in building a competitive advantage over their peers.

Moreover, it could also be used by freelancers who might want to accept online payments. It will allow these businesses to provide an additional payment option to their customers and such a move can help in considerably boosting the number of online payments.

In the years to come, crypto payments might become far more popular and hence, usage of Koinfoldpay might give businesses an important early adopter advantage. While this might have resulted in the latest rally in the stock, it might be a good idea for investors to take a look at a development from May.

On May 25, KYN Capital announced that it retired as many as 400 million unrestricted shares to its treasury. It is another important step for the company and the reduction in the number of shares might have been another factor behind the optimism about the stock among many investors. It remains to be seen if the KYN Capital stock can add to its gains this week.

Artificial Intelligence Technology (AITX) Stock Continues To Gain: A Strong Move?

Before trading starts today, it might be a good move from investors to possibly take a look at some of the stocks which recorded considerable gains last week. One such stock is that of Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX), which recorded gains of 10% last week and on Friday alone, it rallied by as much as 37%. In this situation, it is likely to be on the radars of many investors today.

The rally in the Artificial Intelligence Technology Solutions was kicked off by an announcement from the company with regards to fresh orders of ROSA units from its fully owned subsidiary company Robotic Assistance Devices.

The ROSA units produced by Robotic Assistance Devices have become quite popular in recent times and the two new orders have been placed since the last announcement regarding orders from Artificial Intelligence Technology Solutions not too long ago.

The identity of the clients was not revealed due to confidentiality clauses, however, it was indicated that one of the units was going to be set up at the offices of a national grocery distributor. The other ROSA unit was ordered by a well-known security firm that operates from out of the East Coast. It has been announced that the security firm is also going to become an authorized dealer of Robotic Assistance Devices products.

The popularity of the ROSA units also prompted Robotic Assistance Devices to come up with new variants of the product. Last month the company released a new product named ROSA270 which is the latest variant of the family of ROSA products.

The company had announced last month that it was going to start shipping the product from June 2021 and it is going to be interesting to see the response it gets from customers. It remains to be seen if ROSA270 manages to cash in on the popularity of this group of products.

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