#CryptoCorner: #Crypto Market Fairly Stable over the Weekend, #Ethereum Co-founder Rejects Bubble Concerns and Australian Startups Partner to Allow Bill Payment with Crypto
#CryptoCorner: #Crypto Market Fairly Stable over the Weekend, #Ethereum Co-founder Rejects
Bubble Concerns and Australian Startups Partner to Allow Bill Payment with
Crypto
August 20th #CryptoCorner and Podcast sponsored by Crypto
payment tech, #Flip @FlipToPay ($NXTD)
and #AI, #IoT, #Blockchain, #Crypto Technology Company Gopher Protocol (OTCQB: $GOPH) and Genesis
Exchange and Wallet App
Point Roberts, WA, Delta BC –August 20, 2018 - Investorideas.com,
a leader in crypto and blockchain investing news reports on what’s driving the
cryptocurrency markets with today’s edition of Crypto Corner, now available in
podcast.
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Crypto Corner August 20, 2018
As we begin a new week the total crypto market
capitalization is $213 billion USD at press time, according to CoinMarketCap. Relatively speaking, the market has not
fluctuated that much over the weekend, staying above $210 billion USD since
Friday. Bitcoin (BTC) is currently trading just shy of $6500 USD, while holding
a market dominance rate of 52 percent. Since debuting on crypto exchange and
wallet giant Coinbase, Ethereum Classic (ETC) has stabilized and is trading
consistently over the past few days at around $13 USD.
In an interview for Bloomberg, Ethereum co-founder Joseph Lubin rejected the idea that recent
collapses in crypto prices are indicative of long term expectations or the
crypto project as a whole. Lubin cites the tumultuous history of the crypto
market and how in retrospect bubbles seem less important.
“We’ve seen six big bubbles, each more epic than
the previous one, and each bubble is astonishing when they’re happening but
when you look back they look like pimples on a chart.”
Lubin is currently the CEO of Consensys, Inc., a
company that assists startups on the Ethereum blockchain. Lubin told Bloomberg
that we were living in “exponential times” and explained the pattern of people
entering the space and making improvements that lead to more growth.
“People are
rushing in because they see the promise of the technology. But then, we build
more fundamental infrastructure, we see a correction, and the potential gets
even more impressive.”
The Australian Financial
Review reports that fintech startups Cointree and Gobbill
have partnered to allow Australians to pay their bills with crypto. Cointree is
a crypto exchange, while Gobbill is a payments platform that acts as a go-between,
paying the bill on behalf of the user. Cointree previously had its own
bill-payment service, which the company’s operations manager, Jess Rendon, said
grew considerably in the past year.
"Last
year alone we had about $100 million of bills paid and saw ten times growth in
this payment feature.”
Sam Mowers, Investorideas
Crypto Corner Sponsors:
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 Platform™, 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/
Gopher Protocol Inc. (OTCQB: GOPH) is a development-stage company
which consider itself a Native IoT creator, developing Internet of Things
(IoT) and Artificial Intelligence enabled mobile technology. Gopher’s exclusive
licensor filed a non-provisional patent covering a proprietary GRC
Blockchain-Based Radio Generated Digital Currency on June 19, 2018
.Additionally Gopher’s Avant! AI technology has been designed
to supervise the Blockchain System to keep records of all data exchanges. The
AI system will be embedded as an integral part of Gopher’s digital coin
Blockchain system.
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.
The powerful GBTDesk aggregator ensuring exchange of
cryptocurrencies for fiat currencies under smart contracts without
intermediaries is a key element of GBT.
Download
the Genesis Exchange and Wallet App at Google Play
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