Technology remains fertile ground for young companies to try their hand at putting new tech solutions on the market. That means investors will find plenty of penny stocks to choose from. We have selected one penny tech stock for you to watch closely.
IBITX Software Inc. (OTC: IBXS) is a dynamic new type of currency exchange software which matches new Initial Currency Offerings (ICOs) and those interested in buying those currencies in a single platform for “Offerings” as well as a “free market” trading system for an aftermarket trading of all available Crypto and Virtual Currencies registered on the platform. The platform can be licensed to broker dealers, or firms interested in launching their own crypto-currency exchange in partnership with IBITX utilizing the Software as a Service (SAAS) model, or users can login directly to the IBITX trading system, and make online payments and transactions in Crypto-Currency.
The company recently announced the launch of the White Label IBITx Crypto currency exchange software for licensing to Financial Service Providers, Brokerage Houses, Institutions, and jurisdictions where Crypto-Currency trading is allowed.
The IBITx Software solution enables clients to:
- Have their own ICO Crowdsale offering board for new ICO offerings to be offered
- A Crypto-currency trading platform for currency being held by the licensed firm
- Know Your Client (KYC), Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) Framework built in to the account opening procedure
- Compliance and client relationship management (CRM) interface
- Cross platform liquidity by the brokers admin interface to arbitrage with existing markets
- Broker escrow system software for management of Crypto and FIAT currency
The benefit of financial service providers controlling their own ledgering and trading system, is that they have control of the end client relationship and account, therefore, not exposing their clients individually to trading and transferring crypto-currency. The IBITx Software White Label solution allows for a turn-key, self-managed Crypto-Currency exchange, with built in security measures so that hacking of client accounts is not possible due to cold storage and centralised escrow of the Broker operating the system. In order for Brokers to gain new clients in this new Crypto-Industry, they need the clients to open accounts directly, thus maintaining ownership of the client and the appropriateness of their investments, trades, and relationship.
For more information visit www.ibitxsoftware.com
Microsoft Corp (NASDAQ: MSFT)
A major move by global tech giant Microsoft Corp to power its Asian operations with solar-generated electricity marked a watershed moment for the worldwide uptake of renewable energy, with solar currently the clear leader in the field.
In late February, Microsoft announced a 20-year agreement to purchase 100 per cent of Sunseap Group’s 60 megawatt-peak (MWp) solar-generated electricity output from its new solar project in Singapore.
The tech giant’s Singapore deal is backgrounded by healthy advances in the uptake of solar energy across the world in 2017, the highlight of which was a 53GW solar flare in China which pushed total world clean energy investment last year to $333.5 billion.
Microsoft’s first Asian clean energy deal, the Sunseap project is the first renewable energy portfolio in Singapore to install solar panels on hundreds of rooftops across the small island nation, with the 60MW generated dedicated to power Microsoft’s Singapore datacenter which delivers to customers Microsoft Azure, Office 365 and numerous other cloud services.
NVIDIA Corp. (NASDAQ: NVDA)
Nvidia cracked the list of top 10 semiconductor vendors by sales for the first time in 2017, joining Qualcomm as the only other strictly fabless chip supplier to attain that distinction last year, according to market research firm IHS Markit.
Nividia’s 2017 sales total of $8.57 billion was good enough for the company to secure the 10th position among chip vendors last year, IHS said. Ironically, Nvidia edged out fellow fabless chip supplier MediaTek of Taiwan to crack the top 10, according to Len Jelinek, director and chief analyst for technology, media and telecommunications at IHS.
Qualcomm, Nvidia and MediaTek are the only strictly fabless chip vendors to ever crack the top 10 list of chip suppliers in a calendar year. MediaTek was among the top 10 chip vendors in 2014 and again in 2016. Qualcomm first cracked the top 10 list in 2007 and has remained a fixture on the list ever since.
Overall, global semiconductor sales rose 21.7 percent in 2017 to reach a record $429.1 billion. It was the highest year-over-year growth for the industry in 14 years.
Most of the industry’s sales gains were driven by a blockbuster year for memory chip sales, which increased by 60.8 percent from 2016. Outside of memory, the rest of the semiconductor industry grew by 9.9 percent last year, due largely to what IHS called solid unit-sales growth and strong demand across all applications, regions and technologies.