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#CryptoCorner: #Crypto Market Fairly Stable over the Weekend, #Ethereum Co-founder Rejects Bubble Concerns and Australian Startups Partner to Allow Bill Payment with Crypto

August 20th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and #AI, #IoT, #Blockchain, #Crypto Technology Company Gopher Protocol (OTCQB: $GOPH) and Genesis Exchange and Wallet App

 

Point Roberts, WA and Delta, BC - August 20, 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/2018/082018-CryptoMarket.mp3

#CryptoCorner: #Crypto Market Fairly Stable over the Weekend, #Ethereum Co-founder Rejects Bubble Concerns and Australian Startups Partner to Allow Bill Payment with Crypto

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Crypto Corner

As we begin a new week the total crypto market capitalization is $213 billion USD at press time, according to CoinMarketCap. Relatively speaking, the market has not fluctuated that much over the weekend, staying above $210 billion USD since Friday. Bitcoin (BTC) is currently trading just shy of $6500 USD, while holding a market dominance rate of 52 percent. Since debuting on crypto exchange and wallet giant Coinbase, Ethereum Classic (ETC) has stabilized and is trading consistently over the past few days at around $13 USD.

In an interview for Bloomberg, Ethereum co-founder Joseph Lubin rejected the idea that recent collapses in crypto prices are indicative of long term expectations or the crypto project as a whole. Lubin cites the tumultuous history of the crypto market and how in retrospect bubbles seem less important.

"We've seen six big bubbles, each more epic than the previous one, and each bubble is astonishing when they're happening but when you look back they look like pimples on a chart."

Lubin is currently the CEO of Consensys, Inc., a company that assists startups on the Ethereum blockchain. Lubin told Bloomberg that we were living in "exponential times" and explained the pattern of people entering the space and making improvements that lead to more growth.

"People are rushing in because they see the promise of the technology. But then, we build more fundamental infrastructure, we see a correction, and the potential gets even more impressive."

The Australian Financial Review reports that fintech startups Cointree and Gobbill have partnered to allow Australians to pay their bills with crypto. Cointree is a crypto exchange, while Gobbill is a payments platform that acts as a go-between, paying the bill on behalf of the user. Cointree previously had its own bill-payment service, which the company's operations manager, Jess Rendon, said grew considerably in the past year.

"Last year alone we had about $100 million of bills paid and saw ten times growth in this payment feature."

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/

Order Flip



Investorideas Featured Company: Gopher Protocol, Inc. (OTC:GOPH)

Gopher Protocol Inc. (OTCQB: GOPH) is a development-stage company which consider itself a Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. Gopher's exclusive licensor filed a non-provisional patent covering a proprietary GRC Blockchain-Based Radio Generated Digital Currency on June 19, 2018 .Additionally Gopher's Avant! AI technology has been designed to supervise the Blockchain System to keep records of all data exchanges. The AI system will be embedded as an integral part of Gopher's digital coin Blockchain system.

For more info on Gopher and its technologies visit http://gopherprotocol.com/



Investorideas.com - GBT Genesis Blockchain Technologies

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.

The powerful GBTDesk aggregator ensuring exchange of cryptocurrencies for fiat currencies under smart contracts without intermediaries is a key element of GBT.

Download the Genesis Exchange and Wallet App at Google Play
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