SpartaPayIQ's launch is SRCO's first step into the cryptocurrency market and serves as a milestone in the company's evolution.
The firm seems to be showing its commitment to- and interest in -the blockchain and Web 3.0 market.
About SRCO's SpartaPayIQ
-SpartaPayIQ is "designed to provide the infrastructure that enables mainstream cryptocurrency users to interact with small and growing businesses."
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-SpartaPayIQ allows customers to accept the following cryptocurrencies:
* Bitcoin
* Ethereum
* Bitcoin Cash
* Litecoin
* Dogecoin
* USDT (Tether)
-Once collected, SpartaPayIQ customers can choose to settle these payments in USD or Euros instantly.
-SpartaPayIQ customers can also decide to keep the payments in the cryptocurrency they were received.
Speed Matters When Settling/Converting Cryptocurrency to USD/EUR
-SpartaPayIQ allows customers to settle payments in USD or Euros instantly so that no value is lost.
-Fluctuating and sometimes volatile cryptocurrency values pose financial risk to firms seeking to settle. A
-SRCO allows customers to lock in the exchange rate for 15 minutes after an invoice is created.
-This exchange rate guarantee serves to protect not only SRCO's customers, but its customers' payors as well.
Crypto and the Future of SRCO
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-While it may be SRCO's first foray into crypto-payments, SpartaPayIQ will not be a standalone product. SRCO's new products will integrate with SpartaPayIQ and will use it as a key feature.
-SpartaPayIQ will also be used in SRCO's existing retail businesses, New World Health Brands CBD and CycleChex.
-Sparta Commercial Service CEO
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-More recently, SRCO has added a wide range of technology products and services. Its subsidiaries include:
* CycleChex.com, RVChex.Com, and TruckChex.com, and CarVINReport.com, which provide motor vehicle history reports.
* iMobileApp.com
* SpartaMunicipal.com
* NewWorldHealthCBD.com, which offers cannabidiol products
SRCO as an investment
-Currently trading at
-With a market cap of
-Investors could see SRCO as a stock that gets them close to cryptocurrency without being subjected to the up-and-down prices of different coins.
-SRCO's value isn't based on cryptocurrency prices. Rather, it is based on the service it brings to customers looking to convert payments from crypto to USD.
-SRCO could be a stock to keep an eye on for investors ready to join the Web 3.0 buzz or
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