Investor Ideas, Trading Ideas and Stocks to Watch : #CryptoCorner #Podcast 640: #Stocks discussed: (NasdaqGS: $AMZN) (NYSE: $MA) (NYSE: $SHOP)

Tuesday, July 27, 2021

#CryptoCorner #Podcast 640: #Stocks discussed: (NasdaqGS: $AMZN) (NYSE: $MA) (NYSE: $SHOP)

#CryptoCorner #Podcast 640: #Stocks discussed: (NasdaqGS: $AMZN) (NYSE: $MA) (NYSE: $SHOP)

Amazon Denies Bitcoin Payments Rumour, Mastercard Launches Startup Engagement Program for Crypto Companies, and Shopify Enables Direct Selling of NFTs

Point Roberts, WA, Delta BC July 27, 2021 - 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 cryptocurrency stocks and the crypto market.

Listen to today’s Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2021/072721-CryptoMarket.mp3

Read this in full at https://www.investorideas.com/news/2021/crypto-corner/07271AMZN-MA-SHOP.asp

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Stocks discussed: (NasdaqGS:AMZN) (NYSE:MA) (NYSE:SHOP)

Yesterday London-based business newspaper City A.M. reported that Amazon (NasdaqGS:AMZN) had plans for Bitcoin (BTC) payments adoption “by the end of the year.” A subsequent report from Reuters quotes a spokesperson from Amazon denying the rumour. The spokesperson said:

"Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true.”

"We remain focused on exploring what this could look like for customers shopping on Amazon."

Mastercard (NYSE:MA) has announced the launch of a new Start Path global startup engagement program dedicated to supporting fast-growing digital assets, blockchain and cryptocurrency companies, with seven startups having joined the program. According to the press release, “each startup is focused on solving a unique industry challenge and, throughout the program, will leverage Mastercard’s expertise to support the continued growth and development of their solutions.” Jess Turner, the EVP of New Digital Infrastructure and Fintech at Mastercard, said:

"Mastercard has been engaging with the digital currency ecosystem since 2015. As a leading technology player, we believe we can play a key role in digital assets, helping to shape the industry, and provide consumer protections and security. Part of our role is to forge the future of cryptocurrency, and we’re doing that by bridging mainstream financial principles with digital assets innovations."

E-commerce giant Shopify Inc. (NYSE:SHOP) has enabled merchants on its platform to sell non-fungible tokens (NFT) directly to their customers. The first to take advantage of this capability, will be the Chicago Bulls. The company’s President, Harvey Finkelstein, tweeted:

If you’ve spent 1 minute on the internet this year, you’ve seen a lot about NFTs.

@Shopify we are making it easier for our merchants to sell NFTs directly through their stores, with one of the first being the @ChicagoBulls

NFT store. https://nft.bulls.com

Before Shopify offered this capability, merchants would have to sell through a 3rd party marketplace aka less control of the sale and customer relationship. Once again we are putting the power back into the hands of merchants and meeting customers how and where they want to buy.

Sam Mowers, Investorideas

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