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GSTechnologies: what next for this blockchain play after AngraFX acquisition?


Shares in fintech and blockchain payments company GSTechnologies (LSE:GST) almost doubled late last week to 2.80GBX on news that the UK regulator had approved their acquisition of AngraFX, the FCA approved Authorised Payment Institution (API).

So far so good for this disruptive technology company which first listed on AIM at the end of 2018 and which we covered in early 2021 when the share price soared 2,000%. But with the share price dropping by Thursday to 1.72GBX - albeit with the backdrop of a full-scale Russian invasion of Ukraine having a major impact on markets - we thought it worth revisiting.

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