In the stock market, it is often seen that certain stocks display a fair degree of volatility and significant price swings within a short period of time. However, at the same time, it should to be noted that it is often said that volatility can also be your friend and hence, such stocks are not necessarily meant to be ignored.
One of the stocks which has been quite volatile in recent times is the KYN Capital Group Inc (OTCMKTS:KYNC) stock. In light of such a situation, it may be the right time for investors to take a look at the recent development with regards to the company before making up their minds about the stock one way or another.
KYN Capital Group Closes Definitive Deal with Asia Broadband
Earlier on in the week of February 8, the company announced that it had accepted the terms of a deal with Asia Broadband Inc and closed it as well.
As per the provisions of the above-mentioned agreement, AABB Wallet from Asia Broadband (OTCMKTS:AABB) is going to be the main cryptocurrency exchange in the KYN Capital Group’s super app Pay How. It was a major deal for the company and could propel its super app to be a serious payer in this niche category.
In this regard, it is perhaps necessary to point out that the deal signed by KYN Capital Group was one of the biggest that the company had ever signed and that makes it even more significant. On the other hand, it was one of the earliest deals that the company had signed in the crypto sector.
Rick Wilson, the Chief Executive Officer of the company, spoke about the deal as well. He stated that everyone at the company was highly excited at having closed the deal with Asia Broadband. He went on to state that the development teams at the two companies were going to be working together on the project. It may be a good time to keep track of KYN Capital Group at this point.
Disclaimer: WE hold no shares of KYC stock.