#CryptoCorner #Podcast 640: #Stocks discussed: (NasdaqGS: $AMZN) (NYSE: $MA) (NYSE: $SHOP)
#CryptoCorner #Podcast 640: #Stocks
discussed: (NasdaqGS: $AMZN) (NYSE: $MA) (NYSE: $SHOP)
Amazon Denies Bitcoin Payments Rumour,
Mastercard Launches Startup Engagement Program for Crypto Companies, and
Shopify Enables Direct Selling of NFTs
Point Roberts, WA, Delta BC July 27, 2021
- Investorideas.com, a leader in crypto
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Stocks discussed: (NasdaqGS:AMZN)
(NYSE:MA) (NYSE:SHOP)
Yesterday London-based business newspaper
City A.M. reported that Amazon (NasdaqGS:AMZN) had plans for Bitcoin (BTC) payments adoption “by the end of
the year.” A subsequent report from Reuters quotes a spokesperson from Amazon
denying the rumour. The spokesperson said:
"Notwithstanding
our interest in the space, the speculation that has ensued around our specific
plans for cryptocurrencies is not true.”
"We
remain focused on exploring what this could look like for customers shopping on
Amazon."
Mastercard (NYSE:MA) has announced the launch of a new Start Path
global startup engagement program dedicated to supporting fast-growing digital
assets, blockchain and cryptocurrency companies, with seven startups having
joined the program. According to the press release, “each startup is focused on
solving a unique industry challenge and, throughout the program, will leverage
Mastercard’s expertise to support the continued growth and development of their
solutions.” Jess Turner, the EVP of New Digital Infrastructure and Fintech at
Mastercard, said:
"Mastercard
has been engaging with the digital currency ecosystem since 2015. As a leading
technology player, we believe we can play a key role in digital assets, helping
to shape the industry, and provide consumer protections and security. Part of
our role is to forge the future of cryptocurrency, and we’re doing that by
bridging mainstream financial principles with digital assets innovations."
E-commerce giant Shopify Inc. (NYSE:SHOP) has enabled merchants on its
platform to sell non-fungible tokens (NFT) directly to their customers. The
first to take advantage of this capability, will be the Chicago Bulls. The
company’s President, Harvey Finkelstein, tweeted:
If
you’ve spent 1 minute on the internet this year, you’ve seen a lot about NFTs.
@Shopify we are making it easier for our merchants to
sell NFTs directly through their stores, with one of the first being the @ChicagoBulls
NFT
store. https://nft.bulls.com
Before
Shopify offered this capability, merchants would have to sell through a 3rd
party marketplace aka less control of the sale and customer relationship. Once
again we are putting the power back into the hands of merchants and meeting
customers how and where they want to buy.
Sam
Mowers, Investorideas
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