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#CryptoCorner: Gopher Protocol (OTC: $GOPH) and GBT Technologies Close Agreement to Expand Financial Services, tZERO Launches Crypto App ( $OSTK)

 

Point Roberts, WA and Delta, BC - June 27, 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: Gopher Protocol (OTC: $GOPH) and GBT Technologies Close Agreement to Expand Financial Services, tZERO Launches Crypto App ( $OSTK)

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Crypto Corner

Stocks discussed: (OTC:GOPH) (NasdaqGM:OSTK) (NasdaqGS:FB)

Gopher Protocol Inc. (OTC:GOPH) has closed an agreement with Genesis Blockchain Technologies (GBT) to potentially expand the services and geographic coverage of both companies' financial services. GBT is a development-stage company involved in the strategic management of BPO (Business Process Outsourcing) digital communications processing for enterprises and startups; distributed ledger technology development, AI development and fintech software development and applications. According to the press release, the two companies plan to explore new markets in government work, air and space-based systems, and to form a high-performance global wireless mesh network. Doug Davis, Gopher's CEO, commented:

"...this is potentially a great step forward for Gopher to be able to expand its financial services business, which generated over $50 million in revenue in 2018, into new vertical and geographic markets while using our own technology. GBT can be an amazing partner that can give us access to broader technologies and markets, especially in Latin America, and a development team to enhance our own resources."

The crypto market saw a significant correction in the last half day or so, sliding from a market cap of $385 billion down to a low of $327 billion, according to data from CoinMarketCap. In particular Bitcoin (BTC) fell from its peak trading price for this year of about $13,800 yesterday, down to $11,747 at press time.

tZERO, a subsidiary of retailer Overstock.com (NasdaqGM:OSTK), has launched a digital wallet and crypto exchange services mobile app - tZERO Crypto App. In addition to featuring bitcoin and ethereum (ETH) trading, the app boasts tZERO's Private Key Recovery System, which allows funds to be restored if a user loses his or her private keys or smartphone. Patrick M. Byrne, Overstock.com founder and CEO, said:

"tZERO Crypto is bringing a superb wallet into production, one with distinct advantages over other wallets currently in use. One of those is that with tZERO's Private Key Recovery System, your digital coins are truly held by you, in your wallet, rather than on an exchange in a pot with other fungible tokens. Not only is this more secure (if your coins are held in your wallet and not on an exchange, people cannot steal your tokens by hacking an exchange), but in addition, it is more true to the cypherpunk ethos of decentralization through cryptography."

Bloomberg reports that the Monetary Authority of Singapore (MAS), the country's central bank, has been speaking to Facebook (NasdaqGS:FB) about the latter's recently announced digital currency project Libra. MAS managing director Ravi Menon described concerns with Libra's functionality as "not trivial".

"At this point it's not clear whether it offers a distinctly superior proposition to existing electronic payment mechanisms. We need to understand how exactly it's going to work."

Sam Mowers, Investorideas

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Investorideas.com - NXT-ID Inc. (NASDAQ: NXTD) Subsidiary Fit Pay Flip

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 PlatformTM, 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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Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)

@GenesisBlockch

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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