KEY Cap Corp GA/SH (OTCMKTS:KCPC) is trying to fight back against the dark cloud hanging over the crypto markets. The ray of sunshine they have employed is none other than John McAfee. MCAfee will be joining CryptoSecure, the fintech division of KCPC, as a Senior Strategic Advisor.
Of course, McAfee has turned his sights to Crypto mining through MGTI and the controversial tech pioneer is teaming up with KCPC to assist with the company’s KickICO. As of now, participation in the ICO is only through exchange with Ethereum or KICK coins with exchange based upon a $975 fixed ETH pricing which is a significant premium to the current market. According to the release, McAfee met up with KCPC during a blockchain-focused cruise and ” When Mr. McAfee saw CryptoSecure’s first product ‘SafeWindow’ operating he immediately recognized the breakthrough potential to deliver the security so badly needed in the cryptoverse. Realizing that money could not buy this, he decided to join the CryptoSecure team as Senior Strategic Advisor.”
KEY Cap Corp GA/SH (OTCMKTS:KCPC) is leading the full development of the CryptoSecure multilayer security Platform that will provide ultimate protection for crypto assets, private keys, communications, and privacy.
The CryptoSecure Platform incorporates a hybrid blockchain/Trusted Solaris OS/One Time Pad backbone within which ‘SafeWindow’ and other products and industry participants will be able to operate securely.
In January CryptoSecure launched the SafeWindow’ groundbreaking SaaS security application as it moved to secure Private Keys and Cryptocurrency transactions. The firm is now eyeing up to 2,000 Beta licenses to road test the security solution, as work to improve it continues.
“SafeWindow’ creates a virtual computer and screen on the user computer, as well as a further virtual machine on the user tablet or smart device. These virtual existences are only there for the duration of the cryptocurrency activity or transaction. They cannot be seen by any hacker, authority, or spyware as the interaction is conducted in invisible virtuality,” CryptoSecure in a statement.
Christopher Nichols, CEO of KCPC stated: “Considering the continued and growing reports of hacking of cryptocurrency transactions it is clearly evident the absolute protection of cryptocurrency Private Keys is paramount to prevent loss of wealth. With over 20 million wallet accounts today and new accounts being created at an exponential rate, Key Capital’s opportunity to develop enhanced security solutions on top of a market-ready security product for Private Keys protection is timely. It also positions the Company for participation with Crypto Investor as potential market leader in the rapidly expanding cryptocurrency market.”
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KCPC has come under pressure along with many in the industry. In 2018, cryptocurrencies-focused stocks have lost a significant amount of value amidst increased regulatory pressure around the world.
Concerns about a potential bubble bust have only gone to fuel fear among investors, most of whom have resorted to cutting their positions awaiting to see if the situation will stabilize.
KEY Cap Corp GA/SH (OTCMKTS: KCPC) has a market cap of 80.33M with 44.63M shares out. KCPC has seen its market price tumble from its highs of over $7. However, there still could be value here for investors with the right expectations. This may be a very interesting story and we will look forward to updating it again soon. Sign-up for continuing coverage on shares of $KCPC stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $KCPC, either long or short, and we have not been compensated for this article.