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#CryptoCorner: #Binance Adds Support for Credit Card Purchases of #Crypto, Iran Launches Gold-Backed "Peyman" Crypto, South Korea Maintains ICO Ban Following Survey and NYDFS Grants Third Bitcoin ATM License

(Thursday, January 31st) #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 31, 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: #Binance Adds Support for Credit Card Purchases of #Crypto, Iran Launches Gold-Backed "Peyman" Crypto on both

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Crypto Corner

Binance Adds Support for Credit Card Purchases of Crypto, Iran Launches Gold-Backed "Peyman" Crypto, South Korea Maintains ICO Ban Following Survey and NYDFS Grants Third Bitcoin ATM License

Crypto exchange giant Binance has added support for the purchase of major cryptocurrencies with credit cards. The exchange partnered with payment processing company Simplex to facilitate the transactions, enabling users to use Visa or Mastercard to buy Bitcoin (BTC), Ether (ETH) or Litecoin (LTC). Binance CEO Changpeng Zhao said:

"We want to provide Binance traders with fast and easy access to crypto, in the most secure way possible. Partnering with Simplex allows us to instantly bridge the gap between credit card payments and crypto for traders globally. On Binance.com, you can now buy crypto with credit cards and start trading in minutes."

Simplex co-founder and CEO Nimrod Lehavi explained the significance of the partnership:

"Easy and fast credit card payments, for mainstream users, is a key factor in wider adoption of crypto in general. We're thrilled to partner up with Binance and together enable a much better, fast and easy experience."

Iran has launched the Peyman (Persian for covenant), a gold-backed cryptocurrency, according to the Financial Tribune. The Peyman was the result of a collaboration with Ghoghnoos Company and four banks: Bank Mellat, Bank Melli Iran, Bank Pasargad, and Parsian Bank. Valiollah Fatemi, director of Ghoghnoos said:

The token can function like a wallet and channel the excess assets into the economic cycle. We seek to extend the technology for accelerating the pace of bank transactions.

South Korea will maintain its ban on ICOs, according to a report from CoinDesk. The country's Financial Services Commission (FSC) made the decision following publication of a survey by the Financial Supervisory Service (FSS). The survey indicated that some ICOs conducted abroad had illegally raised funds from Korean investors.

The New York Department of Financial Services (NYDFS) has granted a virtual currency license, or BitLicense, to Cottonwood Vending LLC, according to a tweet today. Cottonwood is the third crypto ATM operator to receive a BitLicense, following Coinsource and LibertyX.

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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