During this 2018 we will see dozens of companies, from different branches, entering the world of the blockchain and some will even use that word in their names. Today shares a company that operates a significant number of Hooters restaurants soared for that reason.
The Bitcoin platform works through blockchain, a decentralized technological model that is not exclusive for monetary transactions. Weeks ago we saw a game to collect virtual kittens that works in blockchain.
Bitcoin has generated great interest in the Blockchain and is becoming an economic bubble driven by marketing.
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A couple of weeks ago, The Long Island Ice Tea, a beverage manufacturer, changed its name to Long Blockchain Corp and said it will investigate what it can do in the segment, which caused an increase in the value of its shares up to 433 percent.
Now history repeats itself with Chanticleer Holdings Inc, which operates from the fast casual branch, such as Hooters, American Burger Company, BGR: The Burger Joint, Just Fresh, among others.
This Tuesday, Chanticleer announced that it will create a virtual currency that can be used by its customers. It will be called Mobivity Merit and it will work under the same concepts as Bitcoin in a reward system.
This caused the Chanticleer (BURG) shares to rise up to 42 percent on the Nasdaq stock market.
The new virtual currency, developed by the company MobivityMind, will be available during the middle of this year and it is expected that by the end of 2018 it will be available to all the maras
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