[Featured Stock] Q Capital Rises on Highlighted Payment Partnership of Affiliate Genesis BBQ with Danal and Paycoin

[Asia Economy Reporter Minwoo Lee] Q Capital's stock price is on the rise. This appears to be due to the recent highlight of Genesis BBQ, in which it has invested, forming a payment service partnership with Danal's virtual currency (cryptocurrency) Paycoin, which has surged recently.

At 10:40 AM on the 18th, Q Capital's stock price recorded 605 won, up 6.51% compared to the previous day. As Bitcoin has recently risen, the use of virtual currencies and related stocks have attracted attention, and the fact that Genesis BBQ, the largest franchise in Korea, formed a payment service partnership with Danal's virtual currency Paycoin in 2019 has been highlighted. That year, Q Capital acquired a 30% stake in BBQ for about 60 billion won.

Meanwhile, Paycoin's price surged more than 2600% in just one day. This was due to the positive effect of the news that Danal's subsidiary Danal Fintech's Paycoin application (app) commercialized the first domestic instant Bitcoin payment service. As a result, Paycoin was only 198 won on the 16th but rose as much as 2681% to 5,310 won during the previous day's trading session. As of 10:40 AM on that day, it recorded 3,370 won, up 3.70% compared to the previous day.