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Crypto Corner Podcast 733: Stocks discussed: (OTC: SBHGF) (CSE: BIGG) (CSE: BCFN)

SBI Announces Crypto JV with SIX, Netcoins to Launch Netcoins Pay Card, and Blockchain Foundry Upgrades Syscoin

 

Point Roberts, WA and Delta, BC - December 10, 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 733: Stocks discussed: (OTC: SBHGF) (CSE: BIGG) (CSE: BCFN)

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Stocks discussed: (OTC:SBHGF) (CSE:BIGG) (CSE:BCFN)

SBI Digital Asset Holdings, a subsidiary of SBI Holdings, Inc. (OTC:SBHGF), has announced a joint venture with Switzerland's SIX digital exchange (SDX). Cointelegraph reports that this crypto JV will be based in Singapore "through a crypto issuance company and aims to become a regional liquidity hub for institutions." Yoshitaka Kitao, the CEO of SBI Holdings, said:

"This is an important step in building the necessary global infrastructure for widespread institutional adoption of digital assets. Together with SDX‘s strength in Switzerland and our planned digital exchange in Osaka, this venture will establish a powerful institutional corridor between Europe and Asia."

Netcoins, the online cryptocurrency brokerage subsidiary of BIGG Digital Assets, Inc. (CSE:BIGG), is launching Netcoins Pay, described in the press release as "a prepaid card that enables users to draw from their Canadian dollar balance within Netcoins, and earn bitcoin [BTC] back with every purchase they make on it." Mark Binns, the CEO of Netcoins, said:

"We're proud to have partnered with KOHO for this card. KOHO's experience in working in this product category has been invaluable to us and we love that they also strive to equip all Canadians with control over their finances in an accessible and transparent manner."

Binns went on to say:

"Netcoins Pay offers new and existing users yet another way to acquire bitcoin easily. It also acts as an excellent customer acquisition and engagement tool for us as a company, helping to foster activity within the Netcoins ecosystem."

Blockchain Foundry Inc. (CSE:BCFN) has announced the deployment of the Syscoin (SYS) NEVM (network enhanced virtual machine) upgrade. This upgrade (version 4.3.0), according to the press release, "introduces a computation engine to the protocol, capable of creating and executing smart contracts." Jag Sidhu, CTO of Blockchain Foundry and Syscoin Core developer, explained:

"Through the novel use of zkRollups, Syscoin will usher in scalable smart contracts with decentralization in mind. Considering Syscoin has the highest computing power after Bitcoin and has already implemented on-chain regulatory compliance tools, its achievements are unmatched. We're thrilled to bring NEVM to Syscoin's network, which will open the door to many more possibilities beyond stablecoins. At Blockchain Foundry, we believe in the future of blockchain technology and the benefits it can bring to millions of users around the globe. Syscoin is an implementation of blockchain technology developed for real-world use at scale, designed to match or outperform both centralized and decentralized competitors. We will continue to support Syscoin's development and re-invest in the protocol going forward."

Sam Mowers, Investorideas

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