Wednesday was a big day for this small business
Great news from Ontario this morning. According to a press release, a micro-cap technology company announced that together with the Ontario Convenience Stores Association (OCSA), the company has “signed an initial agreement, effective September 27, 2021, to support the digital innovation in the convenience store industry and develop Smart Age, a digital age verification program to help local, regional and national Ontario convenience retailers verify the age of their customers as these operators distribute products subject to an age restriction. The announcement skyrocketed shares of Liquid Avatar Technologies Inc. (OTCQB: LQAVF) (CSE: LQID) during Wednesday’s session.
Liquid Avatar focuses on digital ID verification, management and monetization, empowering users to control and benefit from engagements. The Liquid Avatar app allows users to create facets of their online ID giving them control over data usage through its biometric-based SSI, using blockchain technology. At no cost to consumers, Liquid Avatar generates revenue through authorization-based offerings and services, such as the KABN Visa card, KABN KASH, and other market services and programs.
Traders were bullish on the news as stocks climbed to $ 0.09 / share (+ 60.14%) from the session high after the news. This move is a beacon of hope for long-term shareholders who have been riding the downtrend for several months.