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Wednesday, July 1, 2020

#CryptoCorner Episode 420: Pundi X Adds PayPal (NASDAQ: $PYPL) Support to POS Device, BIGG (CSE: $BIGG.C) Launches BCH on QLUE Product and DMG (TSXV: $DMGI.V) Installs and Energizes 1,000 Miners


  
#CryptoCorner Episode 420: Pundi X Adds PayPal (NASDAQ: $PYPL)
Support to POS Device, BIGG (CSE: $BIGG.C) Launches BCH on QLUE Product and DMG (TSXV: $DMGI.V) Installs and Energizes 1,000 Miners


Point Roberts, WA, Delta BC July 1, 2020 -  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 cryptocurrency stocks and the crypto market.

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Stocks discussed: (NASDAQ: PYPL) (CSE: BIGG) (TSXV: DMGI)

Pundi X, a Singapore-based blockchain developer, has announced that its blockchain-based point-of-sale device, the XPOS, now supports PayPal (NasdaqGS:PYPL). This follows a company Twitter poll, wherein Pundi X asked followers to vote for their preferred mobile payment application for XPOS support. PayPal received a decisive 70 percent of the vote. Pundi X CEO and co-founder Zac Cheah commented:

"This is definitely exciting for us. To be able to support a leading online payment provider in our XPOS devices can give people more confidence in using them, and can move usage of blockchain technology closer to the mainstream."

BIGG Digital Assets Inc. (CSE:BIGG) has launched Bitcoin Cash (BCH) as part of QLUE Release v1.16. QLUE (Qualitative Law Enforcement Unified Edge), is a product of BIGG subsidiary Blockchain Intelligence Group (BIG), and according to the press release “is used by Law Enforcement, Banks, Exchanges, ATM Operators to perform due diligence and blockchain security investigations at greater forensic depth by exploring where the related funds are coming from and going to, and the profiles of the entities involved.” Lance Morginn, President of BIG, commented:

“QLUETM is being touted by the industry as having the most user friendly interface which makes it a lot easier to onboard new law enforcement or compliance officers. The addition of BCH makes QLUETM even more valuable to our current and prospective customers for investigations thus expanding our revenue potential and market share of the crypto forensics market globally.”

DMG Blockchain Solutions Inc. (TSXV:DMGI) has installed and energized the previously announced purchase of 1,000 Micro BT M30 miners. At the time the purchase was announced, DMG CEO, Dan Reitzik, explained:
                   
"Our stated goal for self-mining in 2020 is 500 petahash of [the] latest ASIC mining technology. This deployment will add approximately 90 petahash to our existing fleet. We will continue to deploy more self-mining as opportunities arise. The new fleet is expected to be energized by mid-June 2020. The recent volatility in Bitcoin ("BTC") prices demonstrate why industrial miners need to constantly deploy the most efficient technologies. Our newest miners are very efficient, even at the current depressed BTC price."

According to today’s press release, “DMG’s current self-mining has now increased to 110 petahash.”

Sam Mowers, Investorideas

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