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#CryptoCorner: Market Descends Further, Dash @Dashpay Partners with Tradecore, #Square Reports a Doubling of #Bitcoin Profits and Australian Province Invests in #Crypto Startup

August 2nd #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and #AI, #IoT, #Blockchain, #Crypto Tech Company Gopher Protocol (OTCQB: $GOPH)

 

Point Roberts, WA and Delta, BC - August 2, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news reports on what's driving the cryptocurrency markets with today's edition of Crypto Corner, now available in podcast.

Listen to today's Crypto Corner Podcast:

http://www.investorideas.com/Audio/Podcasts/2018/080218-CryptoMarket.mp3

#CryptoCorner: Market Descends Further, Dash @Dashpay Partners with Tradecore, #Square Reports a Doubling of #Bitcoin Profits and Australian Province Invests in #Crypto Startup

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Crypto Corner

Market Descends Further, Dash @Dashpay Partners with Tradecore, #Square Reports a Doubling of #Bitcoin Profits and Australian Province Invests in #Crypto Startup

Bitcoin (BTC) has continued to sink over the past day, going from $7650 USD at the time of yesterday's Crypto Corner to about $7530 USD at press time, according to CoinMarketCap. The vast majority of altcoins are in the red as well with the total market cap valued at about $266 billion USD.

Crypto Corner recently interview Ryan Taylor, CEO of Dash Core Group, about Dash's new partnership with software company Tradecore. The partnership was actualized through Dash's existing relationship with Blockcypher, which Taylor describes as ";a web services company that basically helps other companies to integrate digital currencies into their own platforms". Taylor explained how the partnership with Tradecore enables financial service providers and businesses to utilize major cryptocurrencies such as Dash.

";Tradecore is basically a brokerage software company. They provide software to companies that basically don't want to develop their own infrastructure for their brokerage services," he said. ";They were looking to add Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Dash (DASH)."

";What this will allow us to do is now have Dash available directly into brokerage platforms across Europe. So, the aim now is to get some of those brokerages that use Tradecore's tools to add this service and offer it to their clients."

Payments company Square, which adopted Bitcoin transactions to its platform late last year, has reported a doubling of profits from the cryptocurrency in Q2 this year over the first quarter. The quarterly financial statement released yesterday indicates that Square made $37 million USD in revenue from Bitcoin, but that most of that was spent on costs associated with adoption. Profit from trading the flagship cryptocurrency totalled $420,000 USD in Q2, up from just $223,000 USD in the previous quarter.

According to a media statement released yesterday, the government of Australian province Queensland has approved a grant to a startup company planning to utilize cryptocurrency to sell travel experiences. TravelByBit is one of 70 companies sharing in the $8.3 million AUD grant. Innovation Minister Kate Jones explained the decision:

";Tourism is one of Queensland's most important industries. TravelbyBit has devised a clever way to make it easier for visitors to our state to pay for their purchases with a growing number of local businesses accepting cryptocurrency payments."

Sam Mowers, Investorideas

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Crypto Corner Sponsors:

Investorideas.com - NXT-ID Inc. (NASDAQ: NXTD) Subsidiary Fit Pay Flip<sup>TM</sup>

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/

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