RE: Progress reflected in the market cap.30 Jun 2021 14:47
There is the possibility of take over Doofu, but also likely that we get RNS from time to time announcing big name partners, eg FTSE 100 companies, maybe someone like dominoes, who knows really, the possibilities are endless.
It will be interesting to see how this Binance story unfolds. Whether you can continue to buy bit coin through binance or not, the mere threat from FCA should be enough to move many customers to regulated platforms eg Mode.
RE: I dont actually do any shopping25 Jun 2021 19:23
The way I see it, it will be in merchants interest to receive payment by mode, for a couple of reasons. Cheaper fees is obvious, but also, then be able to target loyal customers with offers through mode. So merchants will offer discounts and rewards to customers who use mode. The data mode can acquire about shoppers (who spends big and on what) is useful. Companies pay for info like this from Bango audiences for example https://bango.com/products/bango-marketplace/
Hi Draft. After the initial disappointment of checking out the mode store, I have come to accept that it is really just a demo for potential merchants. They don’t want to sell millions of baseball caps, just a few to show that the app works as it should. There will be more merchants, of that I am positive.
Thank you for your response nightye. Helpful to view from another angle. I agree more to be gained from rewards in the long run, would have been nice to keep the jar though, the more offerings the better.
1st chance to digest today’s news this evening and it’s not brilliant is it? Merchandise store is a joke. Bitcoin jar decommissioned. We need more news on what the licenses mean in terms of future financial products. This is the first time I am genuinely concerned about the direction we are going.
RE: MODE payments launch Live next week22 Jun 2021 17:38
So on the week when the payment app goes live and the OTC listing could possibly materialise, we once again see selling, this time because bitcoin takes a wobble. Which makes mode more money. Crazy. Whoever is buying at this discount must be laughing.
RE: FOMO kicking in? Could chase the share price up.18 Jun 2021 11:33
Looks like we’ve run out of sub 50p sellers. Anal (annual) accounts out of the way which was concerning some. Just a bombardment of updates on super app launch, merchants, OTC listing ahead. There will be many 5%+ days ahead, relax and watch this go £100m, £200m MC and so on.
Anyone selling off the back of the annual report? Time to buy, £450k revenue 2020, mostly final quarter and mostly bitcoin trading. Trading activity increased by 316% in first quarter 2021. Super app on the way, THG already on board, revenues will soar here in next 1-2 years. Far better results than I expected. It seems that some shareholders dont recognise the value of what they are invested in as selling into this. Total unicorn in the making.
At some point we run out of sellers daft enough to sell down here and get a more realistic valuation. MC should be >£100m. RNS shows that mode will be accepted by companies as a form of payment. The domino effect will ensue.