#CryptoCorner Episode 421: Expedia (NasdaqGS: $EXPE) Partners with #Crypto-Based Travala, HIVE (TSXV: $HIVE.V) Orders 200 More Next-Gen Bitmain Miners and Visa’s (NYSE: $V) Head of Crypto Emphasizes Importance of CBDCs
#CryptoCorner Episode 421: Expedia (NasdaqGS:
$EXPE) Partners with #Crypto-Based Travala, HIVE (TSXV: $HIVE.V) Orders 200
More Next-Gen Bitmain Miners and Visa’s (NYSE: $V) Head of Crypto Emphasizes
Importance of CBDCs
Point Roberts, WA, Delta BC July 6, 2020 -
Investorideas.com, a leader in crypto and blockchain investing news brings you
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Stocks discussed: (NasdaqGS:EXPE)
(TSXV:HIVE) (NYSE:V)
Cointelegraph reports that online travel giant
Expedia (NasdaqGS:EXPE) is now allowing more than
700,000 accommodations to be booked using cryptocurrency through crypto travel
platform Travala.com. For Travala, this comes as an addition to its over 2
million options currently available in 230 countries. An excerpt from the
article reads:
Senior Vice President at Expedia Group
Alfonso Paredes said that the company aims to scale up Travala.com’s business
faster than it did expand so far. Furthermore, he said that the firm also
recognizes innovation and the importance of allowing users to choose their
preferred payment method.
HIVE Blockchain
Technologies Ltd. (TSXV:HIVE) has ordered 200 Bitmain Antminer S17e 60 Terahash
per second (TH/s) SHA 256 mining machines in a continuing effort to increase
the next generation mining power at its green energy-powered bitcoin mining
operation in Quebec. Once these units are installed – tentatively sometime this
month – the company projects an aggregate operating hash rate, derived from
next generation mining equipment at the aforementioned facility, to reach
approximately 131 Petahash per second (PH/s), utilizing less than 6 MW power.
According to the press release, “HIVE intends to continue utilizing cash flow
to make opportunistic investments in the facility.”
In a recent series
of tweets, Cuy Sheffield, the Head of Crypto at
Visa (NYSE:V), argued for the primacy of CBDCs in
the payments landscape:
I'd argue that central bank digital
currency (CBDC) is one of the most important trends for the future of money and
payments over the next decade.
A subsequent tweet
read:
As governments evaluate CBDC, the path that
they decide to take will have major implications for privacy, monetary
sovereignty, geopolitics, and financial inclusion, as well as global adoption
of crypto dollars and Bitcoin
Sam
Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive Bitcoin,
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