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#CryptoCorner: Bull Run Questionable as Market Slips, Major Grocer Kroger Drops Visa Payments and is Contacted for Lightning Network Adoption

March 4th #CryptoCorner sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch

 

Point Roberts, WA and Delta, BC - March 4, 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: Bull Run Questionable as Market Slips, Major Grocer Kroger Drops Visa Payments and is Contacted for Lightning Network Adoption

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Crypto Corner

Bull Run Questionable as Market Slips, Major Grocer Kroger Drops Visa Payments and is Contacted for Lightning Network Adoption, Crypto Companies Still Have Trouble Attaining Banking Services and Bahamas Announce Preferred Tech Solution Provider for Digital Fiat Currency

Stocks discussed: (NYSE:KR) (NYSE:V)

As we open a new week the crypto market is challenging speculation of an impending bull run with a tumble in trading prices over Sunday night. According to CoinMarketCap, market capitalization slipped from its relatively stable $130 billion mark to about $126 billion at press time. Consequently the majority of the top coins listed by market cap are in the red, with Bitcoin (BTC) trading for $3760, Ether (ETH) for $127 and XRP for $0.31 at press time.

U.S. grocery giant Kroger Co. (NYSE:KR) announced that Smith's Food & Drug Stores will no longer be accepting Visa (NYSE:V) payments citing fees as "excessive". Following this news, Morgan Creek Digital co-founder and partner Anthony Pompliano said in a series of tweets that:

"The Morgan Creek Digital team will fly to meet them and get them hooked up with the Lightning Network nationwide."

Followed by:

"Just finished up first call with someone on Kroger Digital team.
World-class, forward thinking crew.
Looks like things are progressing.
Stay tuned"

Lightning Network is a second layer payment protocol that operates on top of a cryptocurrency.

According to a story from Bloomberg yesterday, companies in the crypto and blockchain space are still having trouble being approved for "basic banking services". The piece quotes Robby Houben, a lawyer and professor at the University of Antwerp:

"No bank is willing to help them out. I have met some really stand-up people in crypto that don't deserve such a bad reputation and want the sector to be regulated, yet for every one of those, there are plenty of others trying to scam the public, launder money or evade taxes."

In an official press release, the Central Bank of the Bahamas has announced its preferred technology solutions provider for "Project Sand Dollar" - the archipelago's digital fiat currency system. The company chosen by the central bank is NZIA Limited, which boasts "expertise in resilient Internet of Things networks solutions".

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/

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