#CryptoCorner: Binance CEO Says "Amazon Will Have to Issue a [Crypto] Currency Sooner or Later", Kraken Acquires Crypto Facilities and Bitfury Partners to Launch Bitcoin Operations in Paraguay
(Monday, February 4th) #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - February 4, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
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#CryptoCorner: Binance CEO Says "Amazon Will Have to Issue a [Crypto] Currency Sooner or Later", Kraken Acquires Crypto Facilities and Bitfury Partners to Launch Bitcoin Operations in Paraguay
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Binance CEO Says "Amazon Will Have to Issue a [Crypto] Currency Sooner or Later", Kraken Acquires Crypto Facilities and Bitfury Partners to Launch Bitcoin Operations in Paraguay
Coming out of the weekend it seems that the crypto market still can't break out of the current bear market, with total market capitalization clocking in at just under $114 billion USD according to CoinMarketCap. Bitcoin (BTC) is trading for $3459 at press time, with XRP and Ether (ETH) trailing behind and trading for $0.30 and $107, respectively.
Changpeng Zhao, the CEO of crypto exchange giant Binance, recently tweeted: "Amazon will have to issue a currency sooner or later." This followed another tweet in which he expressed confusion at why any internet-based companies would not accept crypto.
For any internet (non-physical) based business, I don't understand why anyone would not accept crypto for payments. It is easier, faster and cheaper to integration than traditional payment gateways. Less paperwork. And reaches more diverse demographic and geography.
Crypto exchange Kraken has acquired UK-based crypto trading platform and index provider Crypto Facilities, according to the AP. Without specifying a price, the press release indicates that it was a "nine-figure deal" and was "Kraken's largest acquisition to date and one of the largest the industry has seen". Timo Schlaefer, Crypto Facilities CEO and Founder, said:
"It has been our mission to build the most sophisticated, powerful and user friendly cryptocurrency trading platform. Teaming up with Kraken allows us to innovate the next generation of products and tremendously boosts the value we are able to provide to our clients."
Blockchain technology company Bitfury has announced a partnership with South Korean R&D firm Commons Foundation to launch bitcoin operations in Paraguay. The two companies will build a series of transaction processing sites in the country, all using Bitfury's BlockBox AC mobile data centres. Valery Vavilov, CEO of Bitfury, commented:
"We are committed to increasing the security of the Bitcoin Blockchain, both through innovation in our hardware portfolio and expansion of its network throughout the world. Bitfury has consistently prioritized the global decentralization of the Bitcoin Blockchain and we look forward to helping our partners introduce this industry to Paraguay."
Sam Mowers, Investorideas
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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)
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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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