A small cap tech firm announced its plans to accept crypto currency through a partnership with GreenBox POS (Nasdaq:GBOX). DSG Global, Inc. (OTCQB:DSGT) saw its shares pop following the news as blockchain technology and crypto currencies have dominated headlines in recent weeks.
DSG Global Inc. is a technology company that provides design, manufacture, and marketing of fleet management solutions for the golf industry, commercial, government, and military applications. The principal activities are sale and rental of GPS tracking devices and interfaces for golf vehicles and support activities. Its products developed by the company can be sold and installed in golf facilities and also for commercial applications. The products include TAG Golf which can be used to monitor the pace of play, security, geo-fencing, TAG Turf which is used for fleet management and security capabilities. Other products include TAG commercial and TAG military and government.
Traders seemed to be excited on the news as shares traded up to a session high of $0.97/share (+9.79%) after the announcement. This move is a strong continuation of the success this stock has had over the last year.