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Stock impact report

Streetwise Reports Examines Riot Blockchain's Acquisition of TESS

Riot Platforms, Inc. (RIOT) 
Last riot platforms, inc. earnings: 8/8 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.riotblockchain.com
Company Research Source: Marketwire
SAN FRANCISCO, CA -- (Marketwired) -- 10/23/17 -- Riot Blockchain Inc. (NASDAQ: RIOT) announced that it is acquiring a 52% ownership interest in TESS Inc., a company that is developing a blockchain-based payment system for wholesale telecom carriers. Company included in article: Riot Blockchain According to Riot Blockchain, "TESS is a technology company whose current business is focused on developing a guaranteed payment system using a blockchain-based escrow service for wholesale telecom carriers. Immutable blockchain terms and protocols guarantee payment and provide an alternative to the traditionally written legal agreements where it is difficult to assess financial risk profiles. The TESS platform will provide a flexible and transparent ledger that is recorded securely on a blockchain." Michael Beeghley, CEO of Riot Blockchain, said, "Riot Blockchain is committed to building the blockchain ecosystem. The telecom payment platform of TESS is a prime exa Show less Read more
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