Crypto Corner: BCH Rockets Back to 4th Highest Market Cap, Facebook (NasdaqGS: $FB) Developing #Crypto for #WhatsApp, #Coinbase Expands to 6 New European Markets, Crypto ATMs On the Rise and Brazilian Supermarket Accepts Crypto Payments
Friday, December 21st #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - December 21, 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: BCH Rockets Back to 4th Highest Market Cap, Facebook (NasdaqGS: $FB) Developing Crypto for WhatsApp, Coinbase Expands to 6 New European Markets, Crypto ATMs On the Rise and Brazilian Supermarket Accepts Crypto Payments
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BCH Rockets Back to 4th Highest Market Cap, Facebook Developing Crypto for WhatsApp, Coinbase Expands to 6 New European Markets, Crypto ATMs On the Rise and Brazilian Supermarket Accepts Crypto Payments
Stocks discussed: (NasdaqGS:FB)
As we enter the weekend the crypto market seems to be mellowing after a considerable rally this week. Despite grazing the $100 billion USD mark around this time last week, the total market cap is sitting at $132 billion at press time, according to CoinMarketCap. This is down a bit from the peak seen yesterday of $137 billion. In the course of this week's rally, Bitcoin Cash (BCH) has rocketed back into fourth place in terms of market cap, displacing EOS and now leading the latter by about $900 million. Bitcoin (BTC) is trading for $4032, XRP for $0.37 and Ether (ETH) for $113.
Bloomberg reports that Facebook (NasdaqGS:FB) is developing a cryptocurrency for messaging app WhatsApp. Unnamed sources told Bloomberg that it will be a stablecoin pegged to the US dollar and will initially be focused on remittances. The article quotes a Facebook spokesman:
"Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology. This new small team is exploring many different applications. We don't have anything further to share."
Crypto exchange giant Coinbase announced its expansion into six new European markets in a blog post yesterday. These include Andorra, Gibraltar, Guernsey, Iceland, the Isle of Man and Lithuania. The post indicates that users in these regions will be able to fully utilize Coinbase.com and the iOS and Android apps, and that Coinbase Pro and Prime will me made available at a later date. Coinbase adds that they plan to expand further still in 2019.
The website Coin ATM Radar has published data which shows that the number of new Crypto ATMs has continued to increase even as the market has declined. The data indicates that though the price of Bitcoin was down about 35 percent from the beginning of November to the end, the growth of ATMs roughly kept pace with October, growing 3.6 percent.
A Brazilian supermarket chain began accepting cryptocurrency as a form of payment on Tuesday, according to local outlet Portal do Bitcoin. Oásis Supermercados, a chain of supermarkets in Rio de Janeiro allows purchases with Bitcoin, Litecoin and Bitcoin Cash. Manager Douglas Andrade said the decision was made by his brother Thiago, a fellow manager, after the latter had watched a video explaining adoption of cryptocurrencies. Andrade called the process "too easy" and said:
"It is the same as the payment by credit card. The client says which cryptocurrency he wants to pay, the operator types in and the system already converts to that crypto. Then [they] just get the QR code and you're done."
Sam Mowers, Investorideas
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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/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
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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