#CryptoCorner: Flip (NASDAQ: $NXTD) Pre-Orders Shipped, Market Rally Continues as BTC Breaks $5K, and PayPal (Nasdaq: $PYPL) Invests in Blockchain Startup
#CryptoCorner: Flip (NASDAQ:
$NXTD) Pre-Orders Shipped, Market Rally Continues as BTC Breaks $5K, and PayPal
(Nasdaq: $PYPL)
Invests in Blockchain Startup
Point Roberts WA, Delta BC, April 3, 2019 - Investorideas.com, a leader in crypto and
blockchain investing news, in partnership with Fit
Pay, Inc.’s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech,
Flip and the Genesis Exchange and Wallet App bring you today’s edition of the Crypto
Corner podcast and commentary on what’s driving the cryptocurrency market .
Listen
to today’s Crypto Corner Podcast: https://www.investorideas.com/Audio/Podcasts/2019/040319-CryptoMarket.mp3
Stocks discussed: (NasdaqCM:NXTD)
(NasdaqGS:PYPL)
Fit Pay, Inc., a
wholly owned subsidiary of Nxt-ID, Inc. (NasdaqCM:NXTD), today announced that it has begun
shipments of pre-orders of contactless payment device Flip. Flip allows
transactions at any retail point of sale location that accepts supported
contactless payments, using a near field communication (NFC) antenna. Michael
Orlando, COO of NXT-ID and President of Fit Pay, Inc., commented:
"When
we developed the concept for Flip our goals were to create a product that more
seamlessly connected cryptocurrencies to the payment ecosystem and to
demonstrate our drive to be at the leading edge of payment technology. Flip
accomplishes both goals. We are very pleased consumers can now use Flip to buy
things every day. We look forward to growing the community of Flip users over
the coming months."
Meanwhile the
crypto market has continued its rally, with total market capitalization
clocking in at $176 billion USD at press time, according to CoinMarketCap. This represents
growth of about $13 billion since this time yesterday. Bitcoin (BTC) is trading for
$5030 now, with a 24 hour growth of just about 6 percent. Ether (ETH) and XRP trail, having grown
about 8 and 7 percent, respectively. Litecoin (LTC) has posted an
impressive 24 percent growth since yesterday. Bitcoin Cash (BCH), however, has shown
the most staggering growth at 41 percent, surging into the top five coins by
market cap.
Crypto exchange
giant Coinbase confirmed in a blog
post
yesterday that it has insurance coverage for up to $255 million of coins held
in hot wallets. Hot wallets are online and are more vulnerable to hacks.
The
data is clear that, today, the most likely consumer loss scenario for any
cryptocurrency company is hot wallet loss due to hacking. We secured our first
policy to address that risk at the end of 2013 and have maintained a commitment
to educating and growing the cryptocurrency insurance market ever since then.
We currently hold a hot wallet policy with a $255 million limit placed by
Lloyd’s registered broker Aon and sourced from a global group of US and UK
insurance companies, including certain Lloyd’s of London syndicates.
Forbes reports that
PayPal (NasdaqGS:PYPL) has invested in a
blockchain startup, joining the extension of Series A funding round for
Cambridge Blockchain. This is the first blockchain investment from PayPal. A
spokesperson from PayPal told Forbes:
“We made an investment in Cambridge
Blockchain because it is applying blockchain for digital identity in a way that
we believe could benefit financial services companies including PayPal.”
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/
Genesis Exchange and Wallet
App by Genesis Blockchain
Technologies ( GBT)
@GenesisBlockch
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.You can Download the
Genesis Exchange and Wallet App at Google Play and
on the Apple
App Store. Learn more at http://www.mygenesis.io
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