#CryptoCorner #Podcast 635: #Stocks discussed: (NYSE: $MA) (CSE: $BIGG.C) (TSXV: $DMGI.V)

 

 

#CryptoCorner #Podcast 635: #Stocks discussed: (NYSE: $MA) (CSE: $BIGG.C) (TSXV: $DMGI.V)

 

Mastercard Announces New Card Program for #Crypto Companies, BIGG Reports Record Quarterly Revenue, and DMG Invests in Black Box Manufacturing

 

Point Roberts, WA, Delta BC July 20, 2021 -  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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Mastercard (NYSE:MA) has announced that, along with partners Evolve Bank & Trust, Paxos Trust, and Circle, is testing a new card program capability to “enable more banks and crypto companies to offer a card option to people wanting to spend their digital assets anywhere Mastercard is accepted.” Mastercard’s EVP of Digital Asset and Blockchain Products & Partnerships, Raj Dhamodharan, said:

 

"Today not all crypto companies have the foundational infrastructure to convert cryptocurrency to traditional fiat currency, and we’re making it easier. Through our engagement with Evolve, Paxos, Circle and the larger digital assets community, Mastercard expects to deliver on our promise of consumer choice to provide options to people around the world on how and when to pay."

 

BIGG Digital Assets Inc. (CSE:BIGG) has announced record quarterly revenue of roughly $4.6 million CAD for Q2 2021. The company’s online cryptocurrency brokerage, Netcoins, accounted for a substantial portion of this, bringing in roughly $4.2 million in the quarter. Mark Binns, CEO of BIGG, said:

 

“Both business units, Netcoins and BIG, grew significantly in Q2 showing the strength and diversity of our revenue base. Netcoins is working to release their mobile app shortly, once Beta testing is completed, and continues to work with the CSA on their restricted dealer license. Netcoins is also planning to launch in the US in 2H 2021, and is working on a number of new products. We will provide further details on these initiatives soon.”

 

DMG Blockchain Solutions Inc. (TSXV:DMGI) has invested in Black Box Manufacturing Inc, described in the press release as “a Vancouver, BC-based manufacturing company that specializes in the design and manufacture of electrical and mechanical enclosures for multiple industries including crypto mining.” DMG made $30,000 passive investment for a 15 percent equity position, affording it “access to faster manufacturing lead times, fixed pricing on projects in addition to free engineering expertise and design.” DMG’s CEO, Sheldon Bennett, said:

 

“By direct investment in a local Vancouver manufacturing company, DMG will be able to execute more efficiently on its robust growth plans, confident that it can rely on Black Box to not only manufacture, but also to project manage, design and install. This new partnership is key to our growth strategy as we are looking to add more crypto mining locations - especially with the new uptake in requests for assistance coming out of Asia.”

 

Sam Mowers, Investorideas

 

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