Stargroup Ltd (ASX:STL)

 
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Virtually every Australian adult withdraws cash from an ATM on a regular basis. And the times we don’t use cash are usually bridged by the use of debit or credit cards for daily transactions.

Think about the market size of these simple services alone.

Now consider about a sub-$20 million capped company on the ASX making major inroads in these two areas, plus several more.

Stargroup Limited (ASX:STL) are competing in the ATM and cashless payments playoffs — and nabbing victory after victory.

There are currently fewer than 20 ATMs in Australia that can facilitate Bitcoin transaction, with conversion fees in the 4-8% range. Of these, most are only capable of one-way transactions… meaning the ability to add Bitcoin to their wallet via the ATM.

STL has now entered a JV with DigitalX to develop Bitcoin ATMs. The ‘Two-Way ATM’ solution will assist users or investors to buy and sell Bitcoin with ease.

The information on this page should not be the only trigger for your investment decision. Click on the link below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

It’s not just the ATM space that the small-cap is looking to dominate. It also has three other product arms including Star Payments, StarPOS and StarLink.

Despite short-term share price volatility, there’s a lot going right for this small-cap tech play… and they seem to be in the right arena at the right time.

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