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Kodak shares soar as company launches KODAKCoin cryptocurrency

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Shares of Eastman Kodak surged around 130 per cent on Tuesday after the one-time leader in photography became the latest company to jump on the cryptocurrency bandwagon.

The storied Rochester, New York-based company said in a statement it is launching a cryptocurrency called "KODAKCoin" for photographers, part of "KODAKOne", an image rights management platform launched in a licensing partnership with WENN Digital.

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Reuters

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    Original URL: https://www.afr.com/markets/currencies/kodak-shares-soar-as-company-launches-kodakcoin-cryptocurrency-20180110-h0fxj2