Crypto Corner Podcast 639: Stocks discussed: (NasdaqGS: AMZN) (NasdaqCM:BTBT) (TSXV: DGHI)
Amazon Eyeing Crypto Payments Adoption, Bit Digital Enters Co-Mining Agreement with Digihost Technology, and Crypto ATM Installation is Up Over 71% in 2021
Point Roberts, WA and Delta, BC - July 26, 2021 (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 Podcast 639: Stocks discussed: (NasdaqGS: AMZN) (NasdaqCM: BTBT) (TSXV: DGHI)
Stocks discussed: (NasdaqGS:AMZN) (NasdaqCM:BTBT) (TSXV:DGHI)
City A.M., a London-based business newspaper, has reported that Amazon (NasdaqGS:AMZN) is eyeing Bitcoin (BTC) payments adoption "by the end of the year." This follows news last week that Amazon had posted a job listing for "Digital Currency and Blockchain Product Lead," indicating plans for blockchain development and digital currency payments. An unnamed insider told City A.M.:
"This isn't just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work."
"It begins with Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top… Jeff Bezos himself."
In addition to saying that the "entire project is pretty much ready to roll," the insider explained that Amazon is planning a "native token":
"After a year of experiencing cryptocurrency as a way of making payments for goods, it is looking increasingly possible that we're heading towards tokenisation."
"This then becomes a multi-level infrastructure where you can pay for goods and services or earn tokens in a loyalty scheme."
Bit Digital, Inc. (NasdaqGS:BTBT) has entered into a second strategic co-mining agreement with Digihost Technology Inc. (TSXV:DGHI), which is "expected to facilitate an additional increase in hashrate of approximately 2 EH between the companies, and a total increase in hashrate between the two companies of approximately 2.4 EH." Bryan Bullett, Bit Digital's CEO, explained:
"By signing this agreement, we believe that Bit Digital has secured power and hosting sufficient to complete the migration of our current fleet to North America in full, and additional capacity to accommodate expected miner purchases. As previously announced, we anticipate significant purchase activity in the coming months, due to spot market dislocation in China and our unique access to that market. This agreement with Digihost secures a key component of activating this opportunity, and is expected to enable rapid deployment of newly purchased miners. We are delighted to build on our existing collaboration with Digihost, and look forward to continued successes together."
Cointelegraph reports that crypto ATM installations in 2021 have so far spiked 71.73 percent growing from 13,993 on Jan. 1 to 24,030 at press time. The report also indicates that crypto ATM leader Bitcoin Depot, "recently announced a partnership with Circle K to install crypto ATMs across the U.S. and Canada," a partnership which has "since resulted in the installation of more than 700 Bitcoin ATMs."
Sam Mowers, Investorideas
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