#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
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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
For
investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
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