Fleming Island, FL, March 24, 2021 (GLOBE NEWSWIRE) — OBITX, Inc., (OTCMKTS: OBTX), a sophisticated software program improvement and providers firm specializing in blockchain applied sciences and decentralized processing, introduced right this moment that it has transformed 65% of its present and non-current cryptocurrency property into Bitcoin. The conversion was the primary official motion of OBITX Ventures, Inc., an entirely owned subsidiary of OBITX, who will handle the cryptocurrency property of the Firm. OBITX Ventures is at present placing collectively an unique advisory council inside the blockchain and cryptocurrency markets.
OBITX present portfolio of cryptocurrency property consists of Bitcoin (BTC – 65%), an progressive fee community and the primary decentralized cryptocurrency; Gemini Greenback (GUSD – 21%), a USD backed stablecoin constructed by a safe, trusted, and controlled cryptocurrency trade; HEX token (HEX – 5%), touted as the primary excessive curiosity blockchain certificates of deposit, different Ethereum based mostly tokens (9%). Eric Jaffe, OBITX CEO said, “We are going to proceed to hunt the suitable mix of cryptocurrency property that may maximize development and earnings for our shareholders as our income stream continues to develop. The institution of OBITX Ventures ensures we now have two clearly targeted teams inside the group. The primary is to proceed enterprise improvement in search of alternatives internally and externally, both via grass roots development or acquisition, whereas the second is concentrated on market consciousness, guaranteeing our appreciating property are monitored and maximized.”
Headquartered in Fleming Island, Florida, OBITX, Inc., (OTCMKTS: OBTX) is a consulting and providers group specializing in blockchain applied sciences and decentralized processing.
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