RE: Fintech banking apps to become mainstream5 Mar 2021 15:10
Some great takeaways from todays RNS and update from the board for those with discerning eyes IMO…. DYOR
‘The board believes that pioneering next-generation digital money solutions based on blockchain technology will provide the Company with the opportunity to enhance its current offering and enable it to offer differentiated cutting edge technology solutions to a bigger client base’.
'It is intended that the Company will utilise the Coalculus blockchain platform, a public-permissioned decentralised network, together with their related company, Wise MPay, through the Company entering into appropriate agreements in due course’.
‘It is the intention that the Company's recently established wholly owned subsidiary, GS Fintech Pte Ltd, in Singapore, will be responsible for running blockchain nodes and will in due course launch a multi-currency, multi-chain cross border payment network and further develop fintech applications for use by both GST's current client base, which already includes a number of leading companies in the financial services sector, and new potential customers’.
Lots of potential news flow to come here in the mean time for those clever and patient investors IMO.
Gla