RandyHall
2021-11-17

$Palantir Technologies Inc.(PLTR)$ "Government agencies, the chief growth driver, use Palantir software for intelligence gathering, counterterrorism and military purposes. The Denver-based company has been aiming to grow its commercial customer base by expanding into the health care, energy and manufacturing sectors.

And $(Palantir)$ is now entering the digital cryptocurrency market, for which it recently released new software.

"We are super excited about Foundry (software) for crypto," Chief Operating Officer Shyam Sankar said on the Q3 earnings call. "We think we're going to be a massive accelerant for crypto companies."

He added: "We're going to give them credible AML (anti-money laundering) platforms to enable them to go toe-to-toe and beyond with the legacy players. We're going to deliver (regulatory) compliance so they can focus on disruption. And, of course, they are welcome to pay us in crypto."

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