#CryptoCorner: #Ripple's MoneyTap Payments App Debuts in Japan, South Korea's Bithumb to Launch Decentralized Global Exchange and TD Ameritrade (NasdaqGS: $AMTD) Invests in #Crypto Exchange ErisX
October 4th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App
Point Roberts, WA and Delta, BC - October 4, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news reports on what's driving the cryptocurrency markets with today's edition of Crypto Corner, also available in podcast.
Listen to today's Crypto Corner Podcast:
#CryptoCorner: #Ripple's MoneyTap Payments App Debuts in Japan, South Korea's #Bithumb to Launch Decentralized Global Exchange and TD Ameritrade Invests (NasdaqGS: $AMTD) in #Crypto Exchange ErisX
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Ripple's MoneyTap Payments App Debuts in Japan, South Korea's Bithumb to Launch Decentralized Global Exchange and TD Ameritrade Invests in Crypto Exchange ErisX
Stocks discussed: (NasdaqGS:AMTD)
The total market cap is up to $218 billion USD, according to CoinMarketCap, after dipping to just under $215 billion USD yesterday. Overall it's been a fairly stable week. Most of the top 100 coins by market cap are in the green albeit modestly so. Bitcoin (BTC) is trading at $6570 USD, and XRP has a market cap of $21 billion USD, still just shy of Ethereum's (ETH) $22.8 billion USD as it maintains the gains it saw in the latter half of September.
Announced in a tweet yesterday, Ripple payments app, MoneyTap, has officially been launched in Japan. The app was developed in collaboration with SBI Holdings, a giant in financial services in Japan. According to the MoneyTap website, the app allows instant transfers at any time for no charge using Ripple's xCurrent, a software for cross-border payment transfers.
South Korean crypto exchange giant Bithumb plans to open a new decentralized exchange to target the global market, according to BusinessKorea. The impetus for such an exchange is to expand the company into other markets as well as to overcome the lack of clear regulation in the South Korean market. The new exchange will be called Bithumb DEX, and will be working with global blockchain firm One Root Network (RNT). The article quotes an unnamed "official from the industry" on Bithumb's move:
"Bithumb is one of the leading global exchanges in terms of transactions but it is true that most of its users are Korean. The latest decision seems to be the company's strategy to compete with other leading exchanges in the global market by opening a decentralized exchange that receives attention in the global market."
Retail brokerage firm TD Ameritrade (NasdaqGS:AMTD) has announced that it has made a strategic investment in crypto exchange ErisX, which will "include digital asset futures and spot contracts on one platform". JB Mackenzie, TD Ameritrade's managing director of futures and forex said of the news:
"As a strategic investor in the initiative, we look forward to working with the team at ErisX as they develop and launch digital currency products designed to fulfill the needs of retail investors. ErisX's plan is to offer traders access to cryptocurrency spot contracts as well as futures contracts on a single exchange."
Sam Mowers, Investorideas
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Crypto Corner Sponsors:
Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
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