GH CAP INC (OTCMKTS:GHHC) In The Spotlight Over Bitcoin Processing Ambitions

Today we are going to look at GH CAP INC (OTCMKTS:GHHC) which is eliciting strong interest on Wall Street, in the wake of the company announcing plans to reduce payment costs for merchants. The stock is the subject of increased volatility and trading volume as the company moves to explore the use of blockchain capabilities as part of its core offerings.Price Analysis Growing investor’s confidence in the company’s growth prospects have helped trigger buying spree of the stock. Over the past one month, GH Capital has gained more than 70% in market value as it continues to trade in a strong uptrend.However, the stock has pulled back from record highs of $1.70 and is currently trading at the $1.05 handle. We believe the pullback is a minor correction which presents a unique buying opportunity for investors who wish to enter a long position in the stock. GHHC Daily ChartOn the upside, GH Capital faces immediate resistance at the $1.30 mark above which it could make a push for the 52-week high of $1.70. On the downside, key support is at the $0.50 handle, below which the stock could drop to 52-week lows of $0.10.Business OverviewGH Capital is a FinTech holding company that develops online payment gateways for processing transactions. Formerly known as Global Humax Capital Management Inc., the company runs an online payment gateway ClickDirectPayment (CDP) that allows businesses to enhance profits by reducing existing processing costs.Recent Developments The stock is in the spotlight as investors take note of the fact that cryptocurrencies could revolutionize the financial sector, especially on online payments. The company is exploring ways of using the emerging technology to provide a financial platform that is universally accessible regardless of country or currency.With consumer’s appetite for secure, convenient payment solutions on the rise, GH Capital believes it has found a way of taking advantage of the emerging opportunity. Digital payments are moving towards cryptocurrency given the synergies that blockchain technology promises, when it comes to ensuring fast and secure transactions.Through its wholly-owned subsidiary, ClickDirectPayment, the company plans to launch a bitcoin and alternative coin payment processing service early next year. The announcement has got investors excited given that it will extend GH Capital serviceability on a global scale through blockchain and cryptocurrency.Launching a bitcoin processing service should give the company access to one of the world’s newest and fastest growing currency that continues to take the financial sector by storm. The new service will be rolled out slowly to select consumers and merchants, as GH Capital moves to pursue opportunities in the cryptocurrency space.

Mr. Wolfgang Ruecker, Chief Executive Officer of GH Capital, commented, "Allowing merchants to accept Bitcoin and other cryptocurrencies as a method of payment offer tremendous savings - especially to those with an international customer base. It is the next step in our goal to open up new markets."

According to the Chief Executive Officer, the growing niche market of cryptocurrency could generate significant returns for GHHC as demand for alternative payment methods continues to grow. A shift in payment choice especially with high-risk merchants from the adult industry all but justifies the company’s shift of focus to cryptocurrency payment service.While ClickDirectPayment is currently available in a few countries in Europe, efforts have been put in place to come up with a unified solution capable of streamlining payments with access to online merchants and clients worldwide. The primary goal of the latest push is to create a seamless, fast and quick onboarding system for global online merchants no matter where they are located.ClickDirectPayment gaining a head start on the adoption of cryptocurrency is what GH Capital needs now as the market cap for cryptocurrencies continues to grow.Takeover Talk Talk that GH Capital could be an acquisition target also appears to have caught the attention of investors. What makes the company an acquisition target is the fact that the number of merchants using its offerings has been growing steadily.GH Capital supports more than 350 merchants with plans to hit the 10,000 target next year. Big corporations are known to go to extra lengths to protect their profit margins, with the common practice being acquiring small corporations that have the potential to be disruptive.GH Capital has been in talks with some of the largest retailers in Germany to integrate its CDP solution with their payment systems. Should the company ink such a deal, it could increase its merchant exposure which could force large competitors to bid for the company as a way of protecting their interest in the space.A takeover will be a big win for investors given that takeover bids for OTC companies are usually above trading market prices.Bottom Line GH Capital is at a critical point on its growth trajectory. Expansion into the cryptocurrency space affirms the case for accelerated growth, given the boom in the sector. With consumers and businesses consistently on the lookout for alternative payment solutions able to guarantee fast and secure transactions, the company should be able to generate significant returns from its solutions.Heading into the New Year, GH Capital should continue to trade higher as investors look for investment opportunities around blockchain technology.We will be updating our subscribers as soon as we know more. For the latest updates on GHHC, sign up below!Disclosure: We have no position in GHHC and have not been compensated for this article.