#CryptoCorner: Walmart (NYSE: $WMT) Applies for Libra-like Stablecoin Patent, Mastercard (NYSE: $MA) and Nexo Launch #Crypto Credit Card, AWS (NASDAQ: $AMZN) Announces $100K #Blockchain Competition and Brave Launches Twitter Tipping Feature
Point Roberts WA, Delta BC, August 2, 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 bring you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market .
Listen to today’s Crypto Corner Podcast: https://www.investorideas.com/Audio/Podcasts/2019/080219-CryptoMarket.mp3
Read this in full at https://www.investorideas.com/news/2019/crypto-corner/08021WMT-Mastercard-Nexo-AMZN-Brave.asp
Subscribe to Podcast RSS feed:
https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml
August 2 Crypto Corner
Stocks discussed: (NYSE:WMT) (NasdaqGS:FB) (NYSE:MA) (NasdaqGS:AMZN)
Walmart (NYSE:WMT) has applied for a patent with the U.S. Patent and Trademark Office for a digital currency not wholly unlike Facebook’s (NasdaqGS:FB) Libra project. The patent application’s abstract describes the proposed currency as “generating one digital currency unit by tying the one digital currency unit to a regular currency”, indicating that the resulting payment form would be a stablecoin. An aim of the currency will be to give people access to finance if they have limited access to traditional banking services. An excerpt outlines this point:
Keeping and accessing cash can be expensive for low income households simply because those customers may live week to week and may have little cash in their bank accounts--if they have bank accounts. The cost of having little money is high because of frequent short-term borrowing, accumulated interest on short-term borrowing that becomes long-term, high bank fees proportional to wealth, high credit card fees, and high payday loan interests, all of which can take money away that could be available--and would be used--to buy necessities. Providing digital currency based on blockchain may overcome the drawbacks associated with the low-income households.
Cointelegraph reports that Mastercard (NYSE:MA) and crypto loans firm Nexo have jointly launched a crypto credit card. Called the Nexo Card, it’s the first of its kind and allows users to spend without depleting their crypto funds. Nexo explained:
“When using the Nexo Card to purchase goods and services, you actually pay using your Nexo flexible open-ended revolving credit line that is backed with your crypto holdings and thus not selling any of them, which is giving you the freedom to spend today and sell your holdings whenever you want in the future to pay back the loan.”
Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced a competition to figure out how to calculate the verifiable delay function (VDF) for $100,000 USD. According to the announcement, “VDFs are a low-level building block in cryptography”. Tim Boeckmann, Emerging Technology Startup Business Development at AWS, outlined some of the impetus for the competition:
“The VDF initiative will help the blockchain community improve the scalability of public blockchains, without compromising security. AWS sees this as an important opportunity to bring together builders and innovators, to collaborate on open source hardware design and democratize access to the tools needed for adopting blockchain technologies.”
Blockchain-based web browser Brave has launched a feature that allows users to tips to Twitter users with the former’s native cryptocurrency Basic Attention Token (BAT). An excerpt from the announcement reads:
When users visit Twitter with the Brave desktop browser, and have enabled Brave Rewards, they will see a new “Tip” button on each tweet. Clicking on this button will allow the users to send BAT directly to the author of the tweet for an amount of their choosing. Brave users who have enabled Brave Rewards earn BAT by viewing privacy-preserving Brave Ads, or can purchase BAT and load them into their Brave Rewards wallet.
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/
More info on the sector:
Investor Ideas is positioning as a leader in blockchain and crypto content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com
For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory
About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.
Visit the Podcast page at Investorideas.com:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip. More info: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is an Investorideas.com content brand
Learn more about our news, PR and social media services at Investorideas.com
Contact Investorideas.com
800-665-0411
No comments:
Post a Comment