Economic News

QIWI is Launching its own Bitcoin ATMs!

On Thursday afternoon at 3PMEST, NIA announced QIWI PLC (QIWI) at $13.98 per share as its #1 stock suggestion for 2018, while also announcing the QIWI February 2018 $15 call options at $1 as its #1 options suggestion for 2018!

On Thursday following NIA’s announcement, QIWI traded 1.3 million shares in a single hour while gaining $1.24 to finish at $15.22 per share up 8.9% from NIA’s suggestion price. On Friday, QIWI gained another $2.11 or 13.9% to finish last week at $17.33 per share up 23.96% from NIA’s suggestion price! NIA’s QIWI call option suggestion finished last week at $3.50 for a stunning gain already of 250%!

We have seen nothing yet! Only 6 1/2 months ago on June 13, 2017, QIWI received a tender offer from Otkritie to acquire the company at $28 per share! QIWI rose as high as $26.55 per share following the tender offer. QIWI’s CEO Sergey Solonin rejected the offer believing that QIWI is worth significantly more than $28 per share. Since November 1, 2017, Otkritie has acquired an additional 7,594,297 QIWI shares in private transactions – increasing its QIWI stake to 33.957%. NIA predicts that Otkritie will soon make a new tender offer for the QIWI shares it doesn’t own, and if we are right, we expect the offer to exceed $30 per share.

No other major financial company in the world has been investing as heavily into blockchain technology as QIWI! Not only is QIWI developing the BitRuble, but QIWI has launched an entire subsidiary focused exclusively on developing blockchain technology for its payment platforms that currently process RUB78 billion per month! QIWI also recently acquired the #1 blockchain technology incubator in all of Russia, which is investing big into many blockchain technology startups!

Russia’s Bitcoin trading volume on LocalBitcoins has now surpassed the U.S. and the #1 most popular online wallet for buying/selling Bitcoin in Russia is QIWI, with LocalBitcoins ranking QIWI ahead of PayPal, Square, and Yandex Money: click here to see for yourself!

Over the holiday weekend, QIWI posted the following message to its official VK social networking QIWI Russia account: “Good news for miners! Recently, Belarusian President Alexander Lukashenko signed a decree on the development of the digital economy. Now the trade in crypto currency and conducting of mining operations will become legal and will not be taxed. The document also gives new rights to the High Technologies Park – the Belarusian analogue of the Silicon Valley. So we are waiting for the ICO in 2018. We hope that next year and in Russia the crypt will become legal! Will you be engaged in tourism mining?”

QIWI has now implemented a Bitcoin ATM into its QIWI kiosks in Belarus allowing its customers to buy Bitcoin directly from the machine with cash!

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.

Source: Inflation.us

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