#CryptoCorner: Wells Fargo (NYSE: $WFC) to Create Digital Currency for Internal Settlements, Binance Invests in First Chinese Company, BitPay to Support ETH Payments
Point Roberts WA, Delta BC, September 17, 2019 - Investorideas.com, a leader in crypto and blockchain investing news brings 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/2019/091719-CryptoMarket.mp3
Read this in full at https://www.investorideas.com/news/2019/crypto-corner/09171WFC-Binance-BitPay.asp
Subscribe to Podcast RSS feed:
https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml
September 17 Crypto Corner
Stocks discussed: (NYSE:WFC)
Financial services giant Wells Fargo & Company (NYSE:WFC) has announced plans to establish a digital currency operating on a distributed ledger technology (DLT) platform for internal settlements. Called Wells Fargo Digital Cash, the currency will enable users to “complete internal book transfers of cross-border payments within its global network using digitized cash — and for those international locations to exchange that digitized cash among themselves”. Lisa Frazier, head of the Innovation Group at Wells Fargo, said:
“As a result of the increasing digitization of banking services globally, we see a growing demand to further reduce friction regarding traditional borders, and today’s technology puts us in a strong position to do that. We believe DLT holds promise for a variety of use cases, and we’re energized to take this significant step in applying the technology to banking in a material and scalable way. Wells Fargo Digital Cash has the potential to enable Wells Fargo to remove barriers to real-time financial interactions across multiple accounts in multiple marketplaces around the world.”
Malta-based crypto exchange Binance has made its first strategic investment in China, according to a report from Bloomberg today. The firm had taken part in a funding round for crypto data website Mars Finance worth $200 million USD. An excerpt from the Bloomberg article reads:
Beijing-based Mars Finance was founded by local entrepreneur Wang Feng in 2018, one of several dozen nascent Chinese-language crypto news services similar to CoinDesk. It previously completed two funding rounds with backers including IDG Capital and the venture arms of exchange operators OKCoin and Huobi. The startup also runs its own venture fund called Consensus Lab, which has invested in Hong Kong-based Coinsuper.
Dorothy DeWitt, vice president of crypto exchange Coinbase, has been named as Director of the Division of Market Oversight for the U.S. Commodity Futures Trading Commission (CFTC). In this position, DeWitt will be responsible for the supervision of derivatives platforms and swap data repositories, including the evaluation of new platform-traded products, such as bitcoin (BTC) futures.
CoinDesk reports that crypto payments provider BitPay plans to add support for Ethereum (ETH) payments. The firm told CoinDesk:
“BitPay regularly evaluates blockchains and cryptocurrencies to support the company’s goals of making it easy to send and receive payments for goods and services globally. We selected ethereum as it has broad support for real-world applications and is widely adopted.”
Sam Mowers, Investorideas
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. 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