LiteLink Subsidiary uBUCK Signs Deal with Deltec Bank & Trust

LiteLink

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.

Enter Your E-mail Address To Subscribe

* indicates required
 

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

Please See Disclaimer

If You Liked This Article Click To Share


Disclosure:

1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on my research and understanding of the sector.

2) The Article was issued on behalf of a third party, LiteLink Technologies Inc. Bitrics Markets Group Inc. and/or Iman Consulting Group has or expects to receive $800 Canadian dollars from Market Jar Media Inc. for the creation and distribution of the video.

3) Statements and opinions expressed are the opinions of the author and not Bitrics Markets Group Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Bitrics Markets Group Inc. for this Article. Bitrics Markets Group Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Bitrics Markets Group Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Bitrics Markets Group Inc. relies upon the authors to accurately provide this information and Bitrics Markets Group Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Bitrics Markets Group Inc.’s terms of use and full legal disclaimer as set forth here.. This Article is not a solicitation for investment. Bitrics Markets Group Inc. does not render general or specific investment advice and the information on richtvlive.com should not be considered a recommendation to buy or sell any security. Bitrics Markets Group Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on Microsmallcap.com.

5) Bitrics Markets Group Inc. and its owners, members, officers, directors, partners and consultants may own shares of the profiled companies, which it may sell at any time, including as soon as it deposits such shares into its trading accounts, during our campaign of the profiled companies stock, after our campaign or at any other time. We also may buy and sell securities in the profiled companies which may cause (a) decline in the price of the profiled companies stock due to our selling activities, (b) increased volatility due to our buying and selling of the profiled companies stock and (c) permit us to make substantial profits while we are profiling each of these companies, yet may result in a diminished value to the stock for investors. for any company mentioned in the Article.