DeFi, short for 'decentralized finance,' is a broad term referring to various platforms and cryptocurrencies built on blockchains. The DeFi space is hot and ripe for profit opportunities.
Companies innovating in the DeFi space are gaining traction and offer major potential to investors.
Sparta Commercial Services, Inc. (OTCMKTS: SRCO) SpartaPayIQ is a crypto payment gateway developed for e-commerce and brick & mortar businesses. SpartaPayIQ will also serve as an integral component of another product (www.SpartaCrypto.com) being developed by SRCO to make the company a vertically integrated crypto commerce company.
Sparta Commercial's (OTCMKTS: SRCO) crypto payment gateway includes several unique features that will make it desirable for merchants.
Zero Cost Merchant Platform- SpartaPayIQ does not charge the merchant any transaction fees for the conversion. Other cryptocurrency payment platforms charge 1% or higher.
SpartaPayIQ earns its commission on the exchange rate paid by the buyer so it is able to offer a "zero-cost" platform to the merchants.
Eliminates Merchant Conversion Losses- SpartaPayIQ converts payment immediately so the merchant is never actually holding or receiving cryptocurrency. This eliminates the need to manually convert the crypto to fiat, which depending on how long the merchant takes to do the conversion can subject them to market volatility. (Merchants can, however, choose to receive cryptocurrency and convert at their own pace)
Eliminates Capital Gains Issues- In many cases, merchants accepting crypto payments and converting are subject to accounting issues such as capital gains tax. SpartaPayIQ's removes these issues by converting the currency before it touches the merchant.
Asia Broadband Inc (OTCMKTS:AABB) - There has been no fresh news about the company this week so far but it ought to be noted that last week Asia Broadband Inc had actually made a major announcement.
On April 6 the company announced that it had started the production activities at the mining property that it owns in Mexico's Tequila region. It was further announced that the processing mill at the property had also been operating at the capacity of 50 tons a day. It might be a good idea for investors to keep an eye on the Asia Broadband stock.
KYN Capital Group (OTCMKTS:KYNC) - Another company that could well come onto the radars of investors in a big way is KYN Capital Group. The company had come into the news cycle back on Tuesday when it announced that it had finally completed the transaction for the acquisition of BW Property Management.
It could well prove to be a major acquisition for KYN Capital Group considering the fact that BW Property Management is credited for having built the PayHow app. It might be a good time to start tracking the stock.
Xunlei Limited (NASDAQ:XNET) - China-based shared cloud computing and blockchain technology company Xunlei Limited could also be an interesting proposition for investors this week. Back on March 31, the company had come into focus after it announced that its Board of Directors had approved a plan by way of which Xunlei was going to buy up its own shares worth as much as $200 million over the course of the coming 12 months. It was also noted that the terms and the size of the program will be adjusted as and when it becomes necessary.
North Peak Resources Ltd (OTCMKTS:BTLLF) - The next one on the list is North Peak Resources. There has not been any news about the company for many weeks now but back on March 14, it had made a major announcement.
The company announced at the time that it had been successful in finally completing the private placement of its shares. North Peak noted that it managed to raise as much as C$5.75 million from the transaction. Investors could do well to keep an eye on the news with regard to further developments.
One World Service Inc (OTCMKTS:OWUV) - Lastly, it is One World Universe that could be worth looking into at this point. The company was in the news last week after it announced that it had been successful in completing the acquisition media company that already generates revenues. The acquisition of the media company is a strategic one since it will help One World Service in its NFT business. Investors could consider keeping an eye on further developments.
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