Argus Worldwide Corp. (OTCMKTS:ARGW), which we have never covered here on Street Register before, recently reported it would significantly expand its activities in the Cryptocurrency sector by launching a proprietary CyberJ crypto trading platform along with the Cyber Junky aggregator the company is currently developing.
The platform is currently being developed by the Cyber Junky team based in Gdansk, Poland and should be ready to go live in approximately 45-75 days.
Argus Worldwide Corp. (OTCMKTS:ARGW) recently announced that it will introduce the CyberJ crypto coin to the Cyber Junky community to pay for goods and services on the CJ aggregator platform. It is intended that the Company’s CyberJ crypto coins will initially be available for purchase on the company’s cryptocurrency trading platform and at coin dispensers that will be built into each product and services category to be offered within the Cyber Junky aggregator.
Tom Edmond, Argus Worldwide, COO explains that “Our latest research tells us the cryptocurrency market is expanding much more rapidly than we earlier anticipated. It is clear that the CyberJ trading platform coupled with the CyberJ crypto coin will have a very positive impact on increasing our revenues and profitability over the short to medium term. The CyberJ coin which will offer the consumer an array of benefits and discounts, not only holds out the potential for enhanced value over time but equally important, increased purchasing power for the consumer. As such, we are not ruling out the idea of initiating an Initial Coin Offering (ICO) of our CyberJ coins.” Adds Mr. Edmond, “Cryptocurrency has significantly changed the digital landscape worldwide. Market pundits are claiming that the Cryptocurrency market capitalization is now around 450 billion USD with the potential to grow several trillion USD in next few years.” (Source: PR Newswire)
With Blockchain as a reference point the Company has already begun to ensure close collaboration between advanced engineering teams at India based Tejovat Technologies Pvt Ltd. and its operations in Gdansk Poland. Argus Worldwide Corp. recently announced the pending acquisition of Tejovat Technologies which is scheduled to close within 30-45 days.
Says Argus Worldwide Chairman Michael Wexler, “Introducing Blockchain into the development of the Cyber junky platform will ensure that we reap all of the advantages of what is truly 21st century technology. Blockchain will be a game changer for Cyber Junky in enhancing the digital experience for the CJ community.”
According to Santosh Labade, President and Chief Engineer at Tejovat Technologies, “Our analysis for integrating blockchain into the CJ aggregator is clear and straightforward. From a technical standpoint the all new CyberJ platform will have its front end designed with the latest front-end design tools and technologies which will give the CyberJ platform a best in class user experience for our customers. The blockchain environment running at middleware ensures the safety, security and accountability of every transaction done through the CyberJ. The tight integration of our smart electronics and the other CyberJ applications with blockchain and our databases with front end tools gives seamless opportunities to our customers through a single user interface. The overall platform efficiency is boosted by our hardware accelerated servers installed at different geographic locations across the globe which ensures all the transactions done through the CyberJ platform are performed concurrently at very high speed as compared to the traditional approach.”
It’s fascinating to see how various companies are leveraging fairly –new blockchain technology to enhance business, and ARGW has a cool approach with CyberJ. Meanwhile, the ARGW chart has just awakened from nowhere with critical surges in both PPS and volume, which leaves us interested in tracking the activity in the stock moving forward. We’ll stay up on any further developments with ARGW and pass them along to you!. Keep it locked on Street Register for updates, and we’ll deliver important developments on ARGW as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in ARGW stock, short or long.