Marilynjean Interactive Inc (OTCMKTS:MJMI), a new stock in the market, closed at the end of the last trading session with a massive gain of 13.04%. The volume of the day at 531,000 was not only higher than the daily average of 151,000 but also the highest in the last two months, making it the most active session in its existence. The volume pattern clearly indicates the increasing strength of the bulls. In the previous few sessions, the volume was not that supportive though the price continued to advance. Now the surging volume shows the buyers getting interested in the stock even at the higher levels.
Marilynjean Interactive Inc (OTCMKTS:MJMI) reported that it has entered into talks with a provider of digital data hosting and gambling licenses services. The online gambling industry is projected to surpass $40 billion in 2015.
Marilynjean Interactive stated that online gambling firms have to deal with problem of facilitating capital transfer to the online operators from users. Credit card firms have been historically unwilling to integrate their network with digital gambling operators due to the chargeback prospect. Bank transfers to digital gambling sites are complicated as most operators have license in small nations outside the primary jurisdictions where a majority of players reside. As a result, it can take a number of days for new users to get accounts. Due to these problems of opening new accounts and transferring capital, many users are lost.
Here, it is important to note that Bitcoin provides a simple solution to prevailing problems. These transfers are virtually instantaneous and validated numerous times via the Bitcoin blockchain and the countless miners connected to its network. Bitcoin transfers solve both the authentication and speed issues faced by digital gambling firms. A number of internet gambling operators face the problem of functioning in a jurisdiction with a complicated telecomm network to carry out high bandwidth safe transactions. Many of the nations that provide internet gambling licenses have less strong telecom networks and are small.
Marilynjean entered into talks with an entity that provides internet gambling licenses in Antigua. This company simultaneously provides connected data services based on a native reserve in Canada. The company mentioned that this combination enables clients to be licensed to provide real money wagering and manage their data centers on a premium telecommunications network. It is vital to note that Canada comes in the list of nations having largest publicly listed online gambling operators.