Tea company puts "blockchain" in the name and sees value doubling

The world of cryptocurrency is nowadays being entered by everyone because it can generate a lot of money without having to put too much energy into it. That sounds like a handy way to make money, but if you ask any cryptocurrency owner how exactly he works with blockchain technology, you probably won't get a detailed answer.

Tea company earns money with smart name change

Still, many people kick into everything that involves the word blockchain, even though it has nothing to do with cryptocurrency. A tea company found a way to make smart use of it. The company Long Island Iced Tea Corp. decided to change the name to Long Blockchain Corp. and since that name change, the market value of the company has increased by 300 percent.

This is not the only company that changes its name to something related to cryptocurrency's to earn more money. It is not the company's intention to do anything with blockchain technologies either.