Money Kodak enters cryptocurrency market with 'KodakCoin'

01:26  12 january  2018
01:26  12 january  2018 Source:   msn.com

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There's been a surprising new entrant into the cryptocurrency market . Kodak , the company that made its name in the era of film cameras, is keeping competitive in today's digital market by now offering ' KodakCoin '.

# Kodak enters #blockchain and # cryptocurrency market with KodakOne, KodakCoin #CES2018 http://ow.ly/bnAv30hHeKQ.

Despite being founded in the 1800's, Kodak is staying relevant. © Channel 7/Newshub. Despite being founded in the 1800's, Kodak is staying relevant.

There's been a surprising new entrant into the cryptocurrency market.

Kodak, the company that made its name in the era of film cameras, is keeping competitive in today's digital market by now offering 'KodakCoin'.

'Cryptocurrency', such as Bitcoin, refers to digital currencies that are 'encrypted' against theft and fraud. 

KodakCoin will allow photographers to track where their images are used and be paid in the digital currency, which they may also exchange for standard cash. 

Shares in Kodak surged in response to the announcement, rising 134 percent. 

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Kodak , still known for its sginificant contributions to photography and film, announced it is venturing into cryptocurrency territory with the launch of the cryptocurrency KODAKCoin and the image rights management platform KODAKOne, in partnership with WE.

Combined with its KodakCoin token, the platform will make it “significantly cheaper and faster to register, move and sell digital images,” according to Kodakcoin .com. Kodak filed for chapter 11 bankruptcy in 2012, and after showing little life on the stock market since then, shares in Eastman

Kodak enters cryptocurrency market with 'KodakCoin' © David Becker/Getty Images Kodak enters cryptocurrency market with 'KodakCoin' The camera giant's stock value had previously been declining over the past year, shedding more than 70 percent of its value. The company had previously declared bankruptcy in 2012.

Kodak was founded almost 130 years ago, in 1888, in New York and invented the first digital camera in 1975. 

-Channel 7

Bitcoin isn't the only bubble — beware of property and shares .
Bitcoin and cryptocurrencies aren't the only <g class="gr_ gr_6 gr-alert gr_gramm gr_inline_cards gr_run_anim Grammar multiReplace" data-gr-id="6" id="6">bubble</g> which investors should be worried about. It's certainly the bubble getting the most attention this week, but people should also be careful of risks in the property and stocks markets, according to a report by Danish investment bank Saxo Bank. "The length and extent of some of these bull markets may conceal just how far from fundamentals these assets have drifted," the bank's chief economist Steven Jakobsen said.

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