Cryptocurrencies are all the rage right now, and for good reason. They offer a way to securely and anonymously transact with others without the need for a third party. While there are many different types of cryptocurrencies available, Bitcoin is by far the most popular.
Riot Blockchain, Inc. (RIOT) is a company that is looking to take advantage of the cryptocurrency craze. It changed its name from Bioptix, Inc. in October 2017 and announced that it would be focusing on blockchain technology and crypto assets. Since then, its stock has skyrocketed as investors pile in hoping to get in on the action. So what is Riot Blockchain all about, and should you invest? Let’s take a closer look.
What Is Riot Blockchain Stock and What Does It Do
Riot Blockchain Inc (NASDAQ:RIOT) is a US-based cryptocurrency and blockchain technology company. The firm operates RiotX, a cryptocurrency exchange. Riot Blockchain also has a majority ownership stake in Coinsquare Ltd, a Canadian cryptocurrency exchange. The company was formerly known as Bioptix, Inc and changed its name to Riot Blockchain Inc in October 2017. Riot Blockchain Inc was founded in 2000 and is headquartered in Castle Rock, Colorado. Riot’s focus is on investing and building solutions primarily in the blockchain ecosystem, including developing its own bitcoin mining operation.
Riot also intends to gain exposure to the growing blockchain ecosystem through investments in related technologies. The Company’s strategy includes acquiring complementary businesses or technologies that it believes will provide exposure or enable it to participate in the increasingly expansive RiotX ecosystem. Riot invests both pre- and post-ICO in projects that are related to Bitcoin and Ethereum and are expected to have a meaningful impact on the space. Riot also provides development support for some of these projects post ICO through incubation services at its Riot Labs facilities .In August 2018, Riot acquired Logical Brokerage Corporation, dba Ternio BlockCard, which developed the first load-bearing blockchain solution for issuing Visa debit cards denominated in multiple fiat currencies. Ternio’s technology enables instant card issuance and built-in KYC/AML compliance features not possible with existing infrastructure.
The enhanced functionality of Ternio’s BlockCard allows users to spend their cryptocurrency holdings anywhere Visa is accepted without having to first convert them into fiat currency. In January 2019, the Company acquired TessPay Inc., a Canadian provider of tokenized securities settlement solutions using blockchain technology that enables cross-border payments between enterprises with distinct banking partners across different geographies without the need for a central clearing party .The acquisition of TessPay provides Riot with an established business with significant revenue potential, an experienced management team, key institutional relationships and advanced technology that will further Riot’s position as a leading provider of innovative blockchain solutions.
TessPay’s platform reduces settlement times from days/weeks to hours/minutes, eliminating costly intermediaries and reducing counterparty risk .This enables enterprises to quickly and securely settle invoices among themselves without pre-funding or correspondent banking arrangements. As such, TessPay’s technology represents a transformative change in how global commerce is conducted. By combining TessPay’s infrastructure with Riot’s existing resources, the Company expects to create significant synergies that will further accelerate adoption of its platform by enterprises worldwide.
How to Buy Riot Blockchain Stock
Riot blockchain stock is a great way to invest in the future of the internet. It is a distributed ledger technology company that is building the infrastructure for the next generation of the internet. Riot blockchain stock is going up in value as the company grows and develops its technology.
To buy Riot blockchain stock, you need to find a broker that offers it. OTC Markets Group is one such broker. You can also buy Riot blockchain stock through online brokers such as Charles Schwab and TD Ameritrade. Once you have found a broker that offers Riot blockchain stock, you will need to open an account and deposit money into it. Then you can place an order to buy shares of Riot blockchain stock.
The Benefits of Owning Riot Blockchain Stock
Owning Riot blockchain stock has many benefits. For one, it gives the shareholder voting rights at the annual meeting. This can be beneficial because it allows the shareholder to have a say in how the company is run. Also, if the company were to ever be sold, the shareholders would receive a portion of the proceeds. Another benefit of owning Riot blockchain stock is that it entitles the shareholder to dividends. Dividends are a portion of the company’s profits that are distributed to shareholders. They are usually paid out quarterly. Finally, owning Riot blockchain stock can also provide some tax benefits. In most cases, dividends are taxed at a lower rate than other forms of income. For these reasons, owning Riot blockchain stock can be a great way to invest in a company.
The Risks of Owning Riot Blockchain Stock
Investing in any stock carries risk, and Riot blockchain stock is no different. As a relatively new company with a volatile history, there are a number of risks associated with owning Riot blockchain stock. Firstly, the company is still in the process of turning a profit, and so there is no guarantee that investors will see a return on their investment. Secondly, the cryptocurrency market is notoriously volatile, and so the value of Riot’s tokens could drop significantly at any time. Finally, there is always the possibility that the company could be forced to shut down by regulators, which would leave investors without any recourse. While these risks should not deter all potential investors, it is important to be aware of them before making any investment decisions.
How to Sell Riot Blockchain Stock
Riot blockchain stock can be a great investment for those looking to get involved in the burgeoning cryptocurrency industry. However, as with any investment, there is always a risk that the value of the asset could go down. As such, it is important to know how to sell Riot blockchain stock before making a purchase.
One way to sell Riot blockchain stock is to find a broker that offers the ability to trade cryptocurrencies. Cryptocurrency exchanges are becoming more popular as the industry grows, and many now offer the ability to sell Riot blockchain stock. Another way to sell Riot blockchain stock is to find a private buyer willing to pay cash for the shares. This can be done by posting an advertisement online or in a local publication. Finally, some investors may choose to hold onto their Riot blockchain stock until the price goes up, at which point they can sell it for a profit. No matter which method you choose, it is important to do your research and understand the risks before investing in any cryptocurrency.
The Future of Riot Blockchain Stock
Riot blockchain stock is a publicly traded company with a focus on blockchain technology. The company’s goal is to provide investors with exposure to the blockchain ecosystem through its products and services. Riot has a number of different products and services that it offers, including a cryptocurrency exchange, a cryptocurrency wallet, and a suite of tools for developers. The company is also working on several blockchain-based projects, such as a decentralized social network and a system for tracking the provenance of digital assets. While the future of the blockchain industry is still uncertain, Riot seems well positioned to capitalize on the growing interest in this new technology. As the blockchain sector matures, Riot’s products and services are likely to become more valuable, providing investors with an attractive long-term growth opportunity.
Conclusion:
Riot blockchain stock has been on the rise since it announced its pivot to becoming a cryptocurrency company. If you are thinking of investing in this stock, now may be the time to do so. The company is still in its early stages, and there is potential for growth as it continues to develop new products and services related to cryptocurrency. Keep an eye on Riot blockchain stock; it may be worth your investment.
