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Crypto Corner Episode 485: NetCents (CSE: $NC.C) Developing NFT Platform, and Spotify (NYSE: $SPOT) Advertises Job Listing with Crypto Duties

 

Point Roberts, WA and Delta, BC - December 4, 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.

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2020/120420-CryptoMarket.mp3

Crypto Corner Episode 485: NetCents (CSE: $NC.C) Developing NFT Platform, and Spotify (NYSE: $SPOT) Advertises Job Listing with Crypto Duties

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Stocks discussed: (CSE:NC) (NYSE:SPOT) (NasdaqGS:FB)

Bitcoin (BTC) has remained fairly stable since the last episode of Crypto Corner, only varying slightly around a trading price of $19,000 with minor fluctuations from around $18,900 to about $19,400, according to data from CoinMarketCap. A report from Bloomberg foresees continued growth in 2021, and a support level of $10,000, even if mass sell-offs occur.

Bitcoin will maintain its propensity to advance in price into 2021, in our view, with macroeconomic, technical and demand vs. supply indicators supportive of $50,000 target resistance, implying about a $1 trillion market cap.

Another excerpt emphasizes this year's establishment of $10,000 as a support level moving forward:

The year 2020 will likely be looked back upon as key to Bitcoin's mainstream evolution, in our view. Strong inflows in regulated exchange-traded products, futures open interest, addresses used and allocations from corporate treasuries, and some billionaires, solidify the 2020 annual price of about $10,000 as foundation support.

NetCents Technology Inc. (CSE:NC) is "developing a smart contract-based non-fungible token (NFT) platform for use by its merchants, and ultimately its user base to allow authenticity and provenance tracking of products using Ethereum (ETH) smart contract technology." Clayton Moore, Founder and CEO of NetCents, explained:

"We have spent 2019 building our technology - and 2020 deploying it. We have proven that we can make completing a transaction using crypto as seamless as using a debit card. Our future vision for 2021 and beyond includes creating products that make crypto the PREFERRED solution. It ADDS and ENHANCES the value of a transaction that traditional payment methods cannot replicate. That is where we're going, and we are thrilled to be leading this new future!"

Music streaming giant Spotify (NYSE:SPOT) has posted a job listing for Associate Director, Payments Strategy & Innovation, which, among other duties, requires playing "a key part in defining and implementing Spotify's payments strategy as well as leading Spotify's activity within the Libra stablecoin project and wider digital asset & cryptocurrency space." Libra, now known as Diem, is the digital currency project from Facebook (NasdaqGS:FB). An excerpt from the duties outlined in the job listing reads:

You will drive further consideration of new opportunities and innovation in the emerging ecosystem of distributed ledger technology, blockchains, cryptocurrencies, stablecoins, Central Bank Digital Currencies (CBDCs) and other digital assets.

Sam Mowers, Investorideas

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