Kodak Decides to Postpone Launch of KodakCoin
It seems that things did not go as planned for Kodak. The famous company has decided to postpone the launch of KodakCoin, which as its name says is the company's cryptocurrency. Initially, it was believed that the KodakCoin will be launched on January 31.
Kodak announced it will postpone KodakCoin launch to get to know customers better
Kodak revealed that its KodakCoin will not be out as initially planned. In fact, the company made the announcement on the delay the very night before the launch was scheduled to take place. Kodak also gave a reason to its decision to not launch KodakCoin at this point, the company saying that it wanted first to get to know customers better.
The company did not give an exact date when the launch is going to be made, but said that it will need a few weeks to get to know the needs of customers better. This means that buyers who were interested in purchasing the new KodakCoins will have to wait a bit longer.
Of course, some reports claimed that the company's decision might not only be linked to its intentions to know customers better. Actually, some claimed that Kodak took this decision after a critical report published by the New York Times, which talked about the company's intentions when it comes to the cryptocurrency market.
The report put into question the practices of Kodak and its push to enter the cryptocurrency market. Furthermore, the report put the focus on the business partners that Kodak has chosen to work with:
“It’s a bold gamble that has excited some investors, perplexed others and raised questions about how closely Kodak vetted its cryptocurrency business partners, who now include a paparazzi photo agency, a penny-stock promoter and a company offering what has been called a “magic money making machine.””
