Shares of On Track Innovations Ltd. were swept up in cryptocurrency mania, soaring 103% in very active afternoon trade Monday, after the cashless-payment company said was “developing capabilities” to implement the use of bitcoin. Volume ballooned to 45.4 million shares, compared with the 30-day average of about 127,700 shares, according to FactSet. “At OTI we are working hard and intend to rapidly become bitcoin acceptable in transactions via NFC, Bluetooth or QR code,” said Chief Executive Shlomi Cohen. “We also look forward to integrating bitcoin acceptance in our innovative ATM and secure cashless vending products.” The stock had closed at a 13-month low of 94 cents on Thursday. The day’s surge comes as bitcoin futures rallied 5.2% to $19,050.00 and the S&P 500 climbed 0.6%.
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