Investorideas.com breaking Bitcoin, blockchain and crypto stock news

Wednesday, November 4, 2020

#CryptoCorner Episode 472: PayPal (NasdaqGS: $PYPL) CEO Comments on #Crypto Plans, CBDCs, NetCents (CSE: $NC.C) Allows Users to Purchase Crypto with Card

#CryptoCorner Episode 472: PayPal (NasdaqGS: $PYPL) CEO Comments on #Crypto Plans, CBDCs, NetCents (CSE: $NC.C) Allows Users to Purchase Crypto with Card

 


Point Roberts, WA, Delta BC November 4, 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: 

https://www.investorideas.com/Audio/Podcasts/2020/110420-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2020/crypto-corner/11041PYPL-NC.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NasdaqGS:PYPL) (CSE:NC)

 

Bitcoin (BTC) began yesterday trading for around $13,430, but witnessed a surge as the day and the U.S. Presidential election progressed. It peaked at about $14,000 in the evening, but as vote counting dragged on it fluctuated and is trading for about $13,835 at press time, according to data from CoinMarketCap. With the election results being as close as they are – as I write, an AP election results map has Joe Biden with 238 delegates and Donald Trump with 213 – and with final results not expected for the next few days, markets could see sustained volatility, and Bitcoin could conceivably rally further.

 

PayPal (NasdaqGS:PYPL) elaborated on its crypto plans, including a position on central bank digital currencies (CBDCs) and an expansion into mobile payments service Venmo. In a Q3 earnings call, PayPal CEO Dan Shulman commented on CBDCs:

 

“CBDCs, from my perspective and all my conversations, are a matter of when and how they're done, not if. And I think that our platform, with its digital wallets and the scale that we have right now, can help shape the utility of those currencies.”

 

Regarding the company’s introduction of the ability to buy, hold, and sell crypto, Shulman said:

 

“Now we've only rolled this out to 10% of our base. We did that a couple of days ago, but our waiting list was 2 times to 3 times of what our expectations were. We're going to take up our $10,000 limit per day to $15,000 per day based on the demand that we're seeing and we'll roll out to 100% in the U.S.

in the next two to three weeks. We're then going to expand internationally and we'll expand into Venmo in the first half of next year. So that's what we're starting off with.”

 

The South China Morning Post reports that Chinese financial services firm UnionPay has partnered with South Korean payment provider Danal “to introduce a virtual prepaid card for travelers to places including China.” This will be done through the latter’s blockchain-based Paycoin payment app, which supports cryptocurrencies, and is also the name of the native cryptocurrency of the app itself. A representative from UnionPay told the South China Morning Post:

 

“Danal users will top up the virtual card using South Korean Won and pay with local currency. The clearing between Danal and UnionPay will be in US dollars.”

 

According to a report from Cointelegraph:

 

Paycoin has indicated that users will be able to use both the card and Paycoin to pay for goods and services at over 30 million UnionPay merchants across 179 countries and regions.

 

NetCents Technology Inc. (CSE:NC) has announced the addition of the ability for users to purchase crypto via credit card on its NC Exchange. According to the press release, this development makes it easier for users to buy crypto, makes access to funds faster and easier, and facilitates contactless payments.

 

Sam Mowers, Investorideas

 

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

 

Investors can trade these stocks and other ideas on our site using our list of top stock trading apps including Robinhood , Acorn, Stash  and others.

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 Crypto Corner is part of the Investor Ideas Membership content

 

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

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android  

Join our Investor Club https://www.investorideas.com/membership/

 

Contact Investorideas.com

800-665-0411

 

 



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

No comments:

Post a Comment

#CryptoCorner #Podcast Episode 482: Bitfarms (TSXV: $BITF.V) Reports Q3 Financial and Operating Results and Libra (NasdaqGS: $FB) to Launch as USD-Backed Stablecoin in Early 2021

#CryptoCorner #Podcast Episode 482: Bitfarms (TSXV: $BITF.V) Reports Q3 Financial and Operating Results and Libra (NasdaqGS: $FB) to Launch ...