In a current article from January 13, 2021, Nico Popp, author at News.Financial, writes about the companies Upco International, TUI, and Deutsche Lufthansa. You can find the complete article here.
Here is an excerpt from this article:
UPCO INTERNATIONAL: BLOCKCHAIN FANTASY ATTRACTS SPECULATORS
Hard-core speculators have gotten their money’s worth at Upco International in recent days. Within just five trading days, the stock went up 180%. The small Company has made it its business providing smaller telecommunications providers with access to Talktime minutes and SMS quotas. These are significantly cheaper in large volumes. To do this, Upco acquires small telecommunications providers and lets the management continue to operate as usual.
In addition to the telecommunications services business, Upco is also involved in fintech. With the app Upco Pay, the Company wants to offer payments in addition to messaging and telephony. The blockchain-based software is expected to provide advantages over traditional payment service providers. The two business models complement each other. It is primarily the customers of smaller telecommunications companies in emerging economies who have relatives in Europe or the USA and receive payments from them.