#CryptoCorner: Bakkt (NYSE: $ICE) Outlines Future Plans Including Starbucks (Nasdaq: $SBUX) Digital Payments, Twitter (NYSE: $TWTR) and Square (NYSE: $SQ) CEO Jack Dorsey Participates in CoinList Funding Round

#CryptoCorner: Bakkt (NYSE: $ICE) Outlines Future Plans Including Starbucks (Nasdaq: $SBUX) Digital Payments, Twitter (NYSE: $TWTR) and Square (NYSE: $SQ) CEO Jack Dorsey Participates in CoinList Funding Round

IBM (NYSE: $IBM) Joint Report Projects CBDC in the Next 5 Years

Point Roberts, WA, Delta BC October 30, 2019 - 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 the cryptocurrency market.

Listen to today’s Crypto Corner Podcast:  

Stocks discussed: (NYSE:ICE) (NasdaqGS:SBUX) (NYSE:TWTR) (NYSE:SQ) (NYSE:DB) (NYSE:IBM)

Bakkt, the digital assets firm owned by Intercontinental Exchange (NYSE:ICE), published a blog post outlining its plans for payments focus. These include an effort to reduce friction in the use of digital assets, a planned consumer app enabling easier market access, and increasing control merchants have over costs and customer engagement. The blog concludes with an indication that coffee giant Starbucks (NasdaqGS:SBUX) will begin accepting digital payments in partnership with Bakkt in 2020.

Over the last year, we’ve assembled a strong team of payments engineers and are nearing completion of our core payments and compliance platform. We’re now focused on the development of the consumer app and merchant portal, as well as testing with our first launch partner, Starbucks, which we expect in the first half of next year.

Cointelegraph quotes Starbucks’ vice president of partnerships and payments, Maria Smith:

“Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks.”

Jack Dorsey, CEO of Twitter (NYSE:TWTR) and financial services company Square, Inc. (NYSE:SQ), has participated in a $10 million funding round for crypto startup CoinList, according to a report from CCN. CoinList helps manage token sales or ICOs for companies, having “conducted more than 50 token sales where over half a billion dollars has been raised”. According to Dorsey, CoinList has future plans to launch a cryptocurrency trading exchange.

Chinese outlet Sycaijing.com reports that Bitcoin (BTC) mining giant Bitmain has “secretly” submitted a listing application with the U.S. Securities and Exchanges Commission (SEC). According to the article, this application was sponsored by Deutsche Bank (NYSE:DB).

A report on central bank digital currencies (CBDCs) conducted by IBM (NYSE:IBM) and the Official Monetary and Financial Institutions Forum (OMFIF) concludes that a CBDC in some form is expected to launch in the next five years. An excerpt reads:

The principal conclusion is that we are likely to witness the introduction of a central bank – that is fiat – retail digital currency within the next five years, either as a complement to or as a substitute for notes and coins. It is improbable that the first such issuance will come from a G20 central bank; it is considerably more likely to be launched in a smaller and less complex economy in response to a specific policy objective and use case. This may relate to improving the overall effectiveness and resilience of a national payments system by reducing the prevalence of cash. Alternatively, it could be associated with extending financial inclusion; reducing the size of the dark economy; countering financial crime; or for a specific purpose, such as transforming the cross-border transmission of migrant worker remittances.

Sam Mowers, Investorideas

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Follow us on Twitter https://twitter.com/Investorideas
Download our Mobile App for iPhone and Android  

Contact Investorideas.com

Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories