#CryptoCorner #Podcast 756: #Stocks discussed: (NYSE: $WMT) (NYSE: $SI) (CSE: $KASH.C)
#CryptoCorner
#Podcast 756: #Stocks discussed: (NYSE: $WMT) (NYSE: $SI) (CSE: $KASH.C)
Walmart Files Patent
Application Suggesting Move to Metaverse, Silvergate Shares Financial Results,
and Intellabridge Collaborating with Prime Trust
Point Roberts, WA, Delta BC January 18,
2022 - 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/2022/011822-CryptoMarket.mp3
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this in full at https://www.investorideas.com/news/2022/crypto-corner/01181WMT-SI-KASH.asp
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Stocks
discussed: (NYSE:WMT) (NYSE:SI) (CSE:KASH)
CNBC reports that retail giant Walmart (NYSE:WMT) may be preparing to enter the
metaverse and create its own cryptocurrency and NFTs (non-fungible tokens).
This is suggested by the company’s having “filed several new trademarks late
last month that indicate its intent to make and sell virtual goods,” and its
claim that “it would offer users a virtual currency, as well as NFTs,” in a
particular filing. The CNBC article quotes trademark attorney Josh Gerben, who
said:
″[The
filings are] super intense. There’s a lot of language in these, which shows
that there’s a lot of planning going on behind the scenes about how they’re
going to address cryptocurrency, how they’re going to address the metaverse and
the virtual world that appears to be coming or that’s already here.”
Silvergate Capital Corporation (NYSE:SI) has shared its financial results for the
three and twelve months ended December 31, 2021. The Silvergate Exchange
Network (SEN), which the company created to allow digital currency and
institutional investor clients to send U.S. dollars 24/7, handled $219.2
billion of U.S. dollar transfers in Q4 of 2021 – up 35 percent from $162
billion in Q3 of 2021, and an increase of 270 percent over the $59.2 billion
posted in the fourth quarter of 2020. Silvergate’s President and CEO, Alan
Lane, said:
"2021 was another year of
significant growth and momentum for Silvergate, driven by strong demand for our
digital currency solutions powered by the SEN. Total deposits grew to $14.3
billion at the end of 2021 and our full year net income more than tripled
compared to last year, reflecting growth in both fee income and net interest
income.”
Intellabridge Technology Corp. (CSE:KASH) has announced a collaboration with financial
infrastructure provider Prime Trust to “enable Intellabridge customers to
on-ramp from US Dollars into decentralized finance (DeFi) and earn a 10% stable
interest rate on their Kash savings accounts.” Intellabridge CEO John Eagleton
said:
"We're proud to work with Prime
Trust which offers best-in-class financial infrastructure for fintech and
digital asset clients globally. This collaboration opens up the remarkable
returns seen in decentralized finance by offering customers an on-ramp that
makes it easy to move assets from traditional financial institutions like Bank
of America and Wells Fargo, and exchange to USD stablecoins which can be
deposited into Kash's high earnings savings accounts."
Sam Mowers, Investorideas
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