- Letters of intent herald plans for popular digital currency wallet, marijuana business services
- Bitcoin enjoying meteoric rise; marijuana legalization continues to advance
- Large exchanges anticipating bitcoin futures contracts
Recent announcements of AppSwarm, Inc.’s (OTC: SWRM) forays into the cannabis and bitcoin industries demonstrate the mobile business incubation company’s focus on emerging revenue streams with anticipated success.
AppSwarm’s foundation is in the mobile gaming industry, which has provided it a stable of financial tech resources to leverage in accelerating ventures that don’t otherwise share much in common with game-playing apps. The company’s announcement in November that it had inked a letter of intent with USA Real Estate Holding Co. (OTC: USTC) to ride the surging popularity of bitcoin with a smartphone-based “wallet” for the alternative global currency network followed on the heels of an LOI with SinglePoint, Inc. (OTC: SING) to produce apps that will serve the cannabis industry and its consumers.
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