#CryptoCorner: Fit Pay, Inc. ( $NXTD) Issues New Video and FAQ for Flip™, Japan’s FSA to Crack Down on #Crypto Exchanges, Binance CEO Suing Sequoia Capital China and Coinme Announces Expansion with Coinstar #Bitcoin ATMs
#CryptoCorner: Fit Pay, Inc. ( $NXTD) Issues New Video and
FAQ for Flip™, Japan’s FSA to Crack Down on #Crypto Exchanges, Binance CEO
Suing Sequoia Capital China and Coinme Announces Expansion with Coinstar #Bitcoin
ATMs
Point Roberts WA, Delta BC, May 23, 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 .
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Stocks discussed: (NasdaqCM:NXTD)
Fit Pay, Inc., a
subsidiary of Nxt-ID, Inc. (NasdaqCM:NXTD), has issued a new product video
and FAQ for its
contactless payment device, Flip. Flip allows users to pay using Bitcoin (BTC) by exchanging for
USD upon payment at millions of retail locations. The press
release
explains:
Flip's near field communication (NFC) antenna allows it
to transact payments at any retail point of sale location that accepts
supported contactless payments. Flip stores value exchanged from the user's
compatible Bitcoin wallet into U.S. dollars. Flip includes a digital wallet to
manage the exchange of Bitcoin to U.S. dollars and the loading of value on the
device. Flip does not need to be charged. Non-fiat funds (i.e. cryptocurrency)
must first be converted to U.S. dollars before those funds are loaded onto
Flip.
Flip video:
Nikkei
Asian Review
reports that Japan’s Financial Services Agency (FSA) is increasing scrutiny on
cryptocurrency exchanges ahead of an inspection from the Financial Action Task
Force (FATF) this fall. The FATF is an intergovernmental organization geared
toward combating money laundering and terrorism financing – two activities
sometimes linked to cryptocurrency. The country is also chairing a G-20 summit
in June this year, which will host discussions of crypto exchange
countermeasures regarding money laundering and terrorism financing.
CoinDesk reports that
Binance CEO Changpeng Zhao (CZ) is suing venture capital firm Sequoia Capital
China for reputational damage. CZ claims that during Sequoia’s now-dismissed
legal challenge to Binance last year, the latter was prevented from raising
funds and suffered a tarnished reputation. CZ states in the new filing:
“The injunction order has caused loss to me for which I
am entitled to reasonable compensation by Sequoia. In particular, I have
suffered i) a loss of chance to raise capital through successive rounds of
financing at increasing high valuations; and ii) damage to my reputation.”
Crypto ATM provider
Coinme has announced that it has expanded operations of with
Coinstar kiosks to over 2,200 locations, making it available in 21 states and
the District of Columbia. Neil Bergquist, Coinme cofounder, and CEO, said:
“Bitcoin and other digital currencies offer unique
benefits to consumers — including the potential for more cost-effective and
faster remittances to family and friends. We’re thrilled to team up with
Coinstar to make Bitcoin more accessible to consumers than ever before and
offer a key component for the new digital currency economy.”
Sam
Mowers, Investorideas
Read other editions of the Crypto Corner
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 , @GbtTechnologies
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
More
info on the sector:
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investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
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