#CryptoCorner: Gopher Protocol (OTC: $GOPH) and GBT Technologies Close Agreement to Expand Financial Services, tZERO Launches Crypto App ( $OSTK)
#CryptoCorner: Gopher Protocol (OTC: $GOPH) and GBT
Technologies Close Agreement to Expand Financial Services, tZERO Launches
Crypto App ( $OSTK)
Point Roberts WA, Delta BC, June 27, 2019
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Stocks discussed: (OTC:GOPH) (NasdaqGM:OSTK)
(NasdaqGS:FB)
Gopher Protocol Inc. (OTC:GOPH) has closed an agreement with Genesis Blockchain Technologies
(GBT) to potentially expand the services and geographic coverage of both
companies’ financial services. GBT is a development-stage company involved in
the strategic management of BPO (Business Process Outsourcing) digital
communications processing for enterprises and startups; distributed ledger
technology development, AI development and fintech software development and
applications. According to the press release, the two companies plan to explore
new markets in government work, air and space-based systems, and to form a
high-performance global wireless mesh network. Doug Davis, Gopher's CEO,
commented:
“…this
is potentially a great step forward for Gopher to be able to expand its
financial services business, which generated over $50 million in revenue in
2018, into new vertical and geographic markets while using our own technology.
GBT can be an amazing partner that can give us access to broader technologies
and markets, especially in Latin America, and a development team to enhance our
own resources."
The crypto market
saw a significant correction in the last half day or so, sliding from a market
cap of $385 billion down to a low of $327 billion, according to data from CoinMarketCap. In particular
Bitcoin (BTC) fell from its
peak trading price for this year of about $13,800 yesterday, down to $11,747 at
press time.
tZERO, a subsidiary
of retailer Overstock.com (NasdaqGM:OSTK), has launched a digital wallet
and crypto exchange services mobile app – tZERO Crypto App. In addition to
featuring bitcoin and ethereum (ETH) trading, the app
boasts tZERO’s Private Key Recovery System, which allows funds to be restored
if a user loses his or her private keys or smartphone. Patrick M. Byrne,
Overstock.com founder and CEO, said:
“tZERO Crypto is bringing a superb wallet into
production, one with distinct advantages over other wallets currently in use.
One of those is that with tZERO’s Private Key Recovery System, your digital
coins are truly held by you, in your wallet, rather than on an exchange in a
pot with other fungible tokens. Not only is this more secure (if your coins are
held in your wallet and not on an exchange, people cannot steal your tokens by
hacking an exchange), but in addition, it is more true to the cypherpunk ethos
of decentralization through cryptography.”
Bloomberg reports that the
Monetary Authority of Singapore (MAS), the country’s central bank, has been
speaking to Facebook (NasdaqGS:FB) about the latter’s recently
announced digital currency project Libra. MAS managing director Ravi Menon
described concerns with Libra’s functionality as “not trivial”.
“At this point it’s not clear whether it offers a
distinctly superior proposition to existing electronic payment mechanisms. We
need to understand how exactly it’s going to work.”
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
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