#CryptoCorner Episode 425: Grayscale (OTC: $GBTC) Nears $1 Billion in Q2 Investments, Travala.com Sees Business Spike Following Expedia (NasdaqGS: $EXPE) Partnership




#CryptoCorner Episode 425: Grayscale (OTC: $GBTC) Nears $1 Billion in Q2 Investments, Travala.com Sees Business Spike Following Expedia (NasdaqGS: $EXPE) Partnership

Point Roberts, WA, Delta BC July 15, 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.

Listen to today’s Crypto Corner Podcast:  



Stocks discussed: (OTC:GBTC) (NasdaqGS:EXPE)

Crypto asset manager Grayscale Investments released a report highlighting investment activity across its family of products, which found that in Q2 of 2020, it raised $905.8 million. Grayscale Bitcoin Trust (OTC:GBTC) led among investments, accounting for $751.1 million and making for its “fourth record-breaking quarter in a row.” However, investment in other Grayscale products also saw an increase, with an increase of 35 percent over the first quarter of this year. According to the report, 84 percent of all investment in the quarter came from institutional investors, with new investors accounting for $124.1 million of inflows and 57 percent of the investor base.

Japan’s government is expected to include the idea of a digital yen in its forthcoming economic plan, according to an article from Nikkei. The decision to pursue a central bank digital currency (CBDC) has not been without detractors in Japan, with the central bank itself having expressed trepidation in the past. A report from Cointelegraph on the subject points out that China’s rapid development of a CBDC has “accelerated” Japan’s own plans for a digital currency. In an interview with Cointelegraph, Kozo Yamamoto, Liberal Democratic Party (LDP) Member of the House of Representatives and a former official at the Ministry of Finance, said:

“If Japan doesn't issue a digital currency and people in the world use other digital currencies, the Japanese yen will be forgotten and lose its sovereignty.”

Crypto-based travel company Travala.com recently partnered with online travel giant Expedia (NasdaqGS:EXPE) in a move to expand its platform. According to Cointelegraph, the site has already seen a spike in its business, with a booking revenue increase of 75 percent in the two weeks after the partnership. Travala.com CEO Juan Otero told the publication:

“We’re also seeing a sharp increase in the number of bookings paid with cryptocurrencies, particularly in the native AVA token as the preferred crypto payment option after Bitcoin. From 59% of the total bookings in June paid with cryptocurrencies to almost 70% so far in July following the recent partnership with Expedia.”

He went on to say:

“The easing of travel restrictions has definitely impacted our recovery, however the acceleration of growth we’re witnessing since the partnership with Expedia is significant. As we partner with more leading travel suppliers like Expedia, the Travala.com platform becomes more and more competitive.”

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: https://www.investorideas.com/Audio/
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
800-665-0411



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









Comments