NetworkNewsBreaks – Loop Insights Inc. (TSX.V: M
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Loop Insights (TSX.V: MTRX) (OTCQB: RACMF), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement, and automated venue tracing to the brick-and-mortar space has combined its patent-pending tech with major cryptocurrency payments to reach a significant milestone. The company announced that it had integrated Bitcoin, Ethereum and Litecoin into its contactless payments platform for use by retail customers and enterprise partners. The timing of this accomplishment is ideal as cryptocurrency payments are seeing a major paradigm shift toward global acceptance. The announcement marks the completion of the initial integration, which began in 2018; patents were filed in 2019, and the company has waited for moment when global commerce and regulatory acceptance of cryptocurrency payments created the greatest opportunity for success. “Whereas many companies try to use cryptocurrencies as a buzz word, Loop has been way ahead of this global paradigm shift to the delight of our customers and partners who want be ahead of what we anticipate being a parabolic growth decade for cryptocurrency transactions and payments,” said Loop Insights CEO Rob Anson in the press release. “Our Fobi device is already configured to accept leading cryptocurrencies including Bitcoin, Ethereum, and Litecoin, providing retailers with new long-term opportunities for growth and Enterprise partners with an even stronger value proposition that already includes our world-leading artificial intelligence-driven, real-time transaction technology.”
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