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Crypto Corner: #UAE and Saudi Banks Working on Joint Digital Currency for Cross-Border Payments, #Samsung Applies for 3 #Blockchain Patents in EU

December 12th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch

 

Point Roberts, WA and Delta, BC - December 12, 2018 (Investorideas.com Newswire) 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 and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.

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Crypto Corner: # UAE and Saudi Banks Working on Joint Digital Currency for Cross-Border Payments, #Samsung Applies for 3 #Blockchain Patents in EU

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Crypto Corner

UAE and Saudi Banks Working on Joint Digital Currency for Cross-Border Payments, Samsung Applies for 3 Blockchain Patents in EU, Dutch Central Bank to Require License for Crypto Businesses and Gemini Releases Mobile App

Stocks discussed: (KSE:005930)

Total market capitalization has seen a slight improvement over the last 24 hours with a gain of about $4 billion USD since yesterday's Crypto Corner. This puts the total market cap at $111 billion at press time, according to data from CoinMarketCap. Most of the top 100 coins listed by market cap are in the green, with the ones that aren't mostly being stablecoins anyway.

A report from Gulf News states that the central bank of the United Arab Emirates (UAE) is working with the Saudi Arabian Monetary Authority (SAMA) on a joint digital currency to be used in cross-border transactions between the two countries. In a speech at meeting for the Arab region on global banking standards and regulatory and supervisory priorities, the UAE central bank governor, Mubarak Rashed Al Mansouri, said:

"This is probably the first time ever that witnesses the cooperation of monetary authorities from different countries on this topic and we hope that this achievement will foster similar collaboration in our region."

According to Dutch outlet Galaxy Club, electronics giant Samsung (KSE:005930) has filed for three blockchain-related patents in the European Union. They are called 'Blockchain KeyStore', 'Blockchain KeyBox' and Blockchain Core'. The article, citing an unnamed source, says that more information will soon follow.

Another Dutch outlet, De Telegraaf, reports that the Dutch central bank will require crypto exchanges to have a license. The aim of this regulation is to prevent money laundering and the funding of terrorism.

Gemini CEO and co-founder Tyler Winkelvoss announced the launch of the Gemini mobile app for trading cryptocurrencies in a Medium post yesterday. The app allows users to: buy and sell on the go, monitor market prices and portfolio, set price alerts and recurring buy orders and more.

Sam Mowers, Investorideas

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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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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. You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io


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