LiteLink Technologies Inc. (CSE:LLT) (OTCPK:LLNKF) has been one of Rich’s biggest and most consistent plays. The company, along with its subsidiary uBUCK, have featured on RichTV Live a number of times, such as when it began providing its 1SHIFT Logistics platform to Brookdale Treeland Nurseries Ltd.
Today, Rich has some more exciting news to discuss about the company. This is an innovative business that’s involved in some exciting and lucrative sectors—like cryptocurrency and payment solutions—so when it makes news, it’s worth following.
“I think this is a company that has tons of potential, tons of upside,” Rich says. “I love technology, and LiteLink is all about technology.”
uBUCK Forms Relationship with Deltec
Earlier today, LiteLink’s subsidiary uBUCK signed a strategic commercial relationship with Deltec Bank & Trust Limited. The relationship will see Deltec sell uBUCK prepaid debit cards to banks and investment account customers. It will also market the uBUCK card and integrate it into its digital wallet, exchange relationships, and private banking contacts.
Deltec Bank & Trust Ltd. offers its global clients a combination of institutional expertise, bespoke solutions, and highly attentive service. What’s more, it’s been doing this for more than 70 years.
uBUCK is a fintech enterprise that specializes in digital payments and wallets. Its prepaid debit card is a part of its online payments platform and pin voucher solution, uBUCK Pay. This platform offers consumers, businesses, and merchants a fast, secure, and commission-free alternative to traditional payments.
The relationship between Deltec and uBUCK/LiteLink feels as natural as the relationship between chocolate and peanut butter.
“This is so big, this deal is circulating everywhere today,” says Rich. “Deltec is going to sell the credit card to their own customers and other banks.”
The uBUCK Black Elite Debit Card
uBUCK’s prepaid debit card allows users to spend uBUCK cash anywhere, just like any other credit or debit card. Users can withdraw money from an ATM, or spend it at shops, restaurants, and bars. It’s available in 210 countries and over 3 million ATMs around the world, and users can even track their spending with the uBUCK Pay app.
The relationship between Deltec and uBUCK means LiteLink can gain access to Deltec’s client-base, and Deltec’s clients get some free cash to spend. It’s a win-win.
Plus, as research shows, the global market for payment processing solutions is in for some massive growth. The market is expected to grow from $39.3 billion in 2019 to $64.5 billion by 2024. That’s with a CAGR of 10.4%, and uBUCK is unique positioned to take hold of that growing market.
On top of that, the market for prepaid cards in the US will be worth an incredible $877 billion by next year. Right now, it’s being fueled by growing demand for convenience and security, two things that uBUCK provides in spades.
LiteLink Share Price and Structure
After seeing some pretty big growth in September and October, LiteLink is down this month to $0.12. Its peak was at $0.30 last year, so it’s got plenty of upside to expect, especially as news of its partnerships spreads far and wide.
“I would not be surprised to see LLT in the green today,” says Rich. “I think this might be a good price to get in at.”
The company has 172.41 million shares issued and outstanding, so it’s got quite a high ceiling. Expect big things from LLT stock, and keep watching RichTV Live for more updates about uBUCK and LiteLink Technologies.
What do you think? Is this big news for crypto and payment solutions investors? Let us know your thoughts.
Featured image: DepositPhotos © hamikus