#CryptoCorner: #Tencent (OTC: $TCEHY) Could Enter #Crypto Space with Possible Acquisition, Coinbase Acquires Tech Startup Blockspring, Coinme Partners with Coinstar for Bitcoin ATMs
January 18th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point Roberts, WA and Delta, BC - January 18, 2019 (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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#CryptoCorner: #Tencent Could Enter #Crypto Space with Possible Acquisition, #Coinbase Acquires Tech Startup Blockspring, Coinme Partners with #Coinstar for Bitcoin ATMs
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Tencent Could Enter Crypto Space with Possible Acquisition, Coinbase Acquires Tech Startup Blockspring, Coinme Partners with Coinstar for Bitcoin ATMs and BitPay Boasts Record Year for 2018
Stocks discussed: (OTC:TCEHY) (Kosdaq:041140)
Reuters reports that Chinese tech conglomerate giant Tencent Holdings (OTC:TCEHY) is considering a bid for holding company NXC Corp, which controls South Korean gaming company Nexon (Kosdaq:041140). According to CCN, this could give Tencent a foothold in the crypto space, as NXC Corp also owns a majority stake in crypto exchanges Korbit and Bitstamp. The stake in NXC Corp is valued between 8 trillion and 10 trillion won ($7.1 billion and $8.9 billion USD).
Crypto exchange giant Coinbase has recently acquired tech startup Blockspring, a company that provides tools for developers to build application programming interfaces (APIs). Blockspring explained the move in a blog post:
Joining Coinbase was a no-brainer for a number reasons including its commitment to establishing an open financial system and the strength of its engineering team, led by Tim Wagner (formerly of AWS Lambda). Making the technical simple and accessible is what we've always been about at Blockspring. And now we'll get to push these goals forward along with the talented folks at Coinbase to make something greater than we could on our own.
Bitcoin ATM operator Coinme announced in a press release that it has partnered with coin counting kiosk operator Coinstar to allow the purchase of bitcoin at the local grocery store. Coinstar owns and operates over 20,000 coin-counting kiosks in nine countries, with thousands in the U.S. market that can be enabled to accept Bitcoin transactions. Coinme CEO and co-founder Neil Bergquist commented:
"We're excited to team up with Coinstar to give consumers a convenient and easy way to buy Bitcoin during the course of their daily routines. Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make it even easier for consumers to participate in this dynamic new economy."
Blockchain payment provider BitPay announced a record year for its revenue in 2018, seeing $1 billion in transaction. The company's B2B business also grew almost 255% from the previous year as many law firms, data center providers, and IT vendors signed up to accept Bitcoin. BitPay CEO and co-founder Stephen Pair commented:
"BitPay's B2B business continues to grow rapidly as our solution is cheaper and quicker than a bank wire from most regions of the world. To process over a $1 Billion for a second year in a row despite Bitcoin's large price drop shows that Bitcoin is being used to solve real pain points around the world."
Sam Mowers, Investorideas
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Crypto Corner Sponsors:
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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