Canada has come up by leaps and bounds when it comes to tech innovation and one of the tech companies that has gone under the radar a bit is Burnaby based Litelink Technologies Inc (OTCMKTS:LLNKF) (CNSX:LLT) . Founded in 2010, the company has been involved in some highly exciting tech projects and are currently involved in projects that are totally geared towards the future of tech. LiteLink is currently involved in building cutting edge platforms powered by Blockchain technology, predictive analytics, and artificial intelligence. All those platforms are meant for enterprises and that makes it a company that could grow into a behemoth in the years to come.
Some of the company’s best-known enterprise solutions are 1Shift, which is meant for enterprises which need high-class logistics platforms. It is particularly regarded as helpful for brokers and companies involved in shipping services. A company involved in shipping cargoes could easily keep track of their shipments and also make payments in real time.
uBUCK Pay – A Major Development
The other major product that has been developed by LiteLink is the digital wallet known as uBUCK Pay and the best thing about the wallet is that it supports a range of currencies, starting from traditional fiat to cryptocurrencies. More importantly, it allows users to make payments online or at stores using the app or the debit card that is issued to uBUCK users. Additionally, a user can also send money all over the world at no extra cost.
However, despite all that, the LLNKF stock is trading at an extremely low valuation and is without a doubt, a penny stock. That being said, LiteLink has continued to develop its business and the positive developments could soon make it a hugely attractive stock to own. Last week, the company signed a partnership agreement for uBUCK with American payments company PreWay and that particular deal gives the company access to a large number of unbanked individuals in the entire North American continent. However, that is not all. LiteLink has been assiduously making deals with companies with the help of its creation uBUCK and a few days back, it entered into a partnership with Datable Technology Corporation. The two parties have only signed a letter of intent thus far and according to the terms, Datable’s rewards and loyalty programs are going to be integrated into the uBUCH platform. Datable’s rewards platform known as Platform has proven to be extremely popular and after the tie-up, with uBUCK it would also get access to a much larger group of customers.
The company might have developed a range of products, but as of now, its main thrust is to grow by way of uBUCK and at a time when payment services are exploding, it is perhaps a perfectly reasonable strategy from LiteLink. The company has also announced that next month it is going to launch the beta version of the uBUCK Pay app and in addition to that, the Canadian tech firm has also launched its own stable coin known as uBUCK Cash that could also see a rise in popularity, when the app goes live. Overall, LiteLink has enough products and making interesting partnerships to sustain it over the long term.
Keep your eyes on LLNKF stock, as the stock could explode in coming trading sessions.
Happy Trading,
TradersInsights Team
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