Bayside Corp. (OTCMKTS: BYSD) believes that Crypto-assets and blockchain technology will continue to impact a broad range of industries, from financial services, digital rights management, computer processing and programming, and more.
The company’s stated goal is to become a top provider of infrastructure in this new and rapidly developing industry. Many companies have talked the talk, but BYSD has actually put its plans to give consumers easy access to the crypto markets though ATM-style kiosks, into a reality.
In the last week, Bayside Corp. (OTCMKTS: BYSD) signed an MOU with DraftDaily Inc. the issuer of Fantasy Gold, the official coin and cryptocurrency for fantasy and eSports communities, to distribute and market Fantasy Gold through Bayside’s network of blockchain enabled kiosks and within Fantasy Sports and eSports markets.
Fantasy Gold, a safe and secure peer-to-peer cryptocurrency and blockchain, acts as an in-game currency that can be used to enter contests and pay prizes, as well as a payment processing network. Serving the $7 Billion fantasy sports industry in both the B2B and B2C spaces, and the $1.5 billion competitive eSports industry, Fantasy Gold represents a perfect use case for utility tokens and blockchain technology.
“Fantasy Sports and eSports have experienced an enormous jump in popularity and participation, and offer an excellent application of the token economy. Fantasy Gold is a perfect example of how blockchain technology provides a better user experience for a technologically savvy, highly engaged user base. Giving fantasy sports and eSports enthusiasts better access to Fantasy Gold and the ability to leverage the blockchain ecosystem in an easy, safe, and secure way is what we are here for. We are thrilled and proud to work with their team as their distribution partner and look forward to seeing its reception and adoption among users in our growing blockchain enabled kiosk network,” commented Justin Frankel, Chief Executive Officer of Bayside Corp.
Nicolas Hernandez, Project Manager, Fantasy Gold Coin, commented, “Bayside’s network of blockchain enabled kiosks will make it easy to connect to users in a safe, secure and efficient manner. We are excited to partner with their team to help circulate Fantasy Gold to Fantasy sports and eSports fans. We plan to start by sponsoring eSports events in Las Vegas beginning as early as next month.” (Source: Accesswire)
Just a day earlier the company reported the first of the twenty-four cryptoasset ATM machines (CTMs) purchased earlier this year under its exclusive distributor agreement with Chain Bytes LLC have arrived in Florida and are being prepared for installation in premier retail, dining and entertainment locations. Bayside has reached an agreement with a global property management company to enter into lease agreements to install its CTMs at three properties on the East Coast including Florida, and anticipates adding more locations throughout the rest of the second quarter. (Source: Accesswire)
Justin Frankel, CEO of Bayside Corp. commented, “We have eagerly awaited the arrival of the CTMs while we worked on finding and securing the best locations to place them. The property management company we are partnering with on this initial deployment has a property portfolio of 107 malls and 68 premium outlets in the United States as well as a global presence. We look forward to providing businesses, consumers, and investors easy and secure access to the cryptoasset markets.” (Source: OTC Markets Disclosure & News Service)
As we mentioned above, our interest with BYSD lies primarily in the fact that the company has taken actual steps to provide consumers easy access to the crypto markets though ATM-style kiosks, whereas many companies just talk about it. We’re eager to track the rollout of these kiosks of the future.We’ll stay up on any further developments with BYSD and pass them along to you! Stay locked on StreetRegister.com and be sure you’re signed up for our 100% free small cap newsletter. It’s as easy as that! Simply submit your primary active email address in the box below. Subscribe now!
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 BYSD stock, short or long.