gabe@gabegold.com
Date: Thu, 4 Jan 2018 10:35:32 -0500
Insane blockchain magic fairy dust...
The speculative mania on anything related to cryptocurrencies is happening again in the new year.
Chanticleer Holdings, an owner of burger restaurants, said Tuesday it will
use blockchain-related technology for its customer rewards program. The
company also owns 9 Hooter's restaurants and is a minority investor in
Hooter's of America.
"We wanted to expand our existing loyalty program with something that really
changes the way our customers can leverage their rewards; Mobivity Merit is
real cryptocurrency, leveraging the same infrastructure and principles of
Bitcoin, Ethereum, Ripple, Litecoin, and more, and will enable our customers
to make use of their rewards in entirely new ways," Michael Pruitt,
chairman, president and CEO of Chanticleer Holdings, said in a release
<https://globenewswire.com/news-release/2018/01/02/1277006/0/en/Chanticleer-Holdings-to-Deploy-Mobivity-s-Blockchain-Technology-to-Power-Cryptocurrency-Rewards-Program.html>.
Chanticleer Holdings rose nearly 50 percent in Tuesday trading to almost $4 a share. The Nasdaq-traded stock had a market value of only $8 million through Friday so it's clearly buyer beware.
https://www.cnbc.com/2018/01/02/chanticleer-to-use-blockchain-for-its-rewards-program.html