Blockchain and Crypto Firms In Talks With Gaming Company Veltyco

Announcements, Blockchain, News | December 22, 2017 By:

UK gaming company Veltyco Group is partnering with blockchain and cryptocurrency providers to enable its customers to use cryptocurrencies and to create a crypto wallet for the company’s various operating partners.

Veltyco engages in the marketing and promotion of gaming websites, lottery, and options trading operations in the British Virgin Islands and the Isle of Man. It undertakes marketing contracts for various activities, including sports betting, casinos, and poker games. The company is based in Douglas, the Isle of Man.

The company said it has commenced discussions with blockchain and cryptocurrency providers to enter into partnerships. It 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 individual’s platform, as well as enabling Veltyco to cross-sell the different platforms to its customer base.

After the announcement was made, Veltyco’s shares, which are listed on London’s AIM growth market, jumped 20% at the open before settling back to a 14% gain.