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#CryptoCorner Episode 421: Expedia (NasdaqGS: EXPE) Partners with Crypto-Based Travala, HIVE (TSXV: HIVE) Orders 200 More Next-Gen Bitmain Miners and Visa's (NYSE: V) Head of Crypto Emphasizes Importance of CBDCs

 

Point Roberts, WA and Delta, BC - July 6, 2020 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today's edition of the Crypto Corner podcast and commentary on what's driving cryptocurrency stocks and the crypto market.

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Crypto Corner Episode 421: Expedia (NasdaqGS: EXPE) Partners with Crypto-Based Travala, HIVE (TSXV: HIVE) Orders 200 More Next-Gen Bitmain Miners and Visa's (NYSE: V) Head of Crypto Emphasizes Importance of CBDCs

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Stocks discussed: (NasdaqGS:EXPE) (TSXV:HIVE) (NYSE:V)

Cointelegraph reports that online travel giant Expedia (NasdaqGS:EXPE) is now allowing more than 700,000 accommodations to be booked using cryptocurrency through crypto travel platform Travala.com. For Travala, this comes as an addition to its over 2 million options currently available in 230 countries. An excerpt from the article reads:

Senior Vice President at Expedia Group Alfonso Paredes said that the company aims to scale up Travala.com's business faster than it did expand so far. Furthermore, he said that the firm also recognizes innovation and the importance of allowing users to choose their preferred payment method.

HIVE Blockchain Technologies Ltd. (TSXV:HIVE) has ordered 200 Bitmain Antminer S17e 60 Terahash per second (TH/s) SHA 256 mining machines in a continuing effort to increase the next generation mining power at its green energy-powered bitcoin mining operation in Quebec. Once these units are installed - tentatively sometime this month - the company projects an aggregate operating hash rate, derived from next generation mining equipment at the aforementioned facility, to reach approximately 131 Petahash per second (PH/s), utilizing less than 6 MW power. According to the press release, "HIVE intends to continue utilizing cash flow to make opportunistic investments in the facility."

In a recent series of tweets, Cuy Sheffield, the Head of Crypto at Visa (NYSE:V), argued for the primacy of CBDCs in the payments landscape:

I'd argue that central bank digital currency (CBDC) is one of the most important trends for the future of money and payments over the next decade.

A subsequent tweet read:

As governments evaluate CBDC, the path that they decide to take will have major implications for privacy, monetary sovereignty, geopolitics, and financial inclusion, as well as global adoption of crypto dollars and Bitcoin

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

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