Qtum is one of the most talked about cryptocurrency today due to its 10% value increase few days after it announced a strategic partnership with Amazon Web Service.

At the moment, Qtum has seen an increased market gain adding nothing less than $74 Million to its market cap in few days. In the same line, it moved from 29th position to 26th, jumping over Ontology, Decred and Lisk.

Qtum Partners Amazon

On October 17th 2018, Qtum public blockchain projectnnounced a partnership with Amazon Web Services’ (AWS) China division.

The partnership will make AWS work with a crypto project having around $399 million market capitalization and the 26th ranked cryptocurrency in term of market capitalization.

The two will be working on develop blockchain-as-a-service (BaaS) solutions for developers and enterprises.

The announcement was first aired by CoinDesk, pointing that the strategic partnership gives AWS users the advantage to launch and develop smart contracts in an efficient, cost-effective and quick manner with the help of an Amazon Machine Image (AMI).

January last year, the Singapore-based blockchain technology project amassed $1 million from investors like Fenbushi partner Bo Shen, BitFund founder Xiaolai Li, OKCoin CEO Star Xu, Anthony Di Iorio.

Around July, Amazon Web Services marketplace listed Qtum’s AMI, making the latter press further for a more robust partnership.

Not long Today’s Gazette published that Qtum has earmarked $500,000 for virtual hackaton purposely to change the face of digital content.

Unlike Qtum, some cryptocurrency platform are nothing since they do not have worthwhile use cases. That exactly has resulted in many of them going deep into the waste bin, carting away with investors fund despite them promising huge return in a short time.

Events like this has made government develop stiff measures to curtail issues of fraud noticed in the cryptocurrency space.

For those willing to invest, thorough investigations and advice are better demanded from capable financial analysts.