#CryptoCorner: #JackDorsey Spends $10K Max on BTC Every Week, UK Survey Reveals Only 3% Have Bought Crypto, Denver to Pilot Blockchain-Bas
March 7th #CryptoCorner sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA, Delta BC, March 7, 2019 - 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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March 7 Crypto Corner
Jack Dorsey Spends $10K Max on BTC Every Week, UK Survey Reveals Only 3% Have Bought Crypto, Denver to Pilot Blockchain-Based Mobile Voting and eToro Launches Trading and Wallet in USA
Stocks discussed: (NYSE:TWTR) (NYSE:SQ)
Twitter (NYSE:TWTR) and Square (NYSE:SQ) CEO Jack Dorsey has revealed that he spends $10,000 USD a week on Bitcoin (BTC), on a recent appearance on podcast Tales from the Crypt. Given that $10,000 is the maximum on the Square CashApp platform, many interpret Dorsey’s buying habits as being bullish. A CNBC panel dubbed Dorsey “Crypto Jack” and discussed his bullishness in the context a thaw in the crypto market.
The UK’s Financial Conduct Authority (FCA) published a survey looking at ownership and attitudes towards cryptoassets in the country. What follows is a summary of the survey’s findings:
● Over 70% of those surveyed haven’t heard of cryptocurrencies or didn’t know how to define one.
● Buying cryptocurrencies is not very popular – we estimate that only 3% of the overall sample having done so in the past.
● Only 7% of those who haven’t bought any cryptocurrencies so far would consider it in the future.
● Owners of cryptocurrency tend to use their own money to buy it. None of the respondents reported borrowing money from financial firms or friends/family.1
● Only 8% of all cryptocurrency owners completed ‘deep research’ before purchasing, with 16% doing no prior research.
● Over 1 in 3 have never checked the value of their cryptocurrency since purchasing.2
● Around 40% of cryptocurrency owners expect to hold it for 3 or more years, while half of them report selling some or all of it already.
A press release today reveals that Denver will be piloting blockchain-based mobile voting in its May municipal election. The undertaking is aimed at “active-duty military, their eligible dependents and overseas voters using their smartphones”. The pilot is a collaboration between the City and County of Denver, Voatz, Tusk Philanthropies, and the National Cybersecurity Center. Nimit Sawhney, CEO and co-founder of Voatz, said:
"With this pilot program, Denver is leading the effort to make voting more convenient, accessible and secure for deployed military personnel and overseas US citizens. The latest developments in smartphone hardware, encryption and blockchain technology make mobile voting a reality. This is a significant stepping stone that I hope many other states and cities will follow."
Israel-based social trading platform eToro has launched crypto trading and a wallet service in the U.S., according to a report from CoinDesk. Upon launch, the wallet supports six cryptos: Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), XRP and Stellar (XLM).
Sam Mowers, Investorideas
Read other editions of the Crypto Corner
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)
@GenesisBlockch
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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