#CryptoCorner #Podcast 821: #Stocks discussed: (NYSE: $TWTR) (NYSEAmerican: $NILE)

 

 

 

#CryptoCorner #Podcast 821: #Stocks discussed: (NYSE: $TWTR) (NYSEAmerican: $NILE)

 

Stripe Announces Crypto Payouts with Twitter, and BitNile Holdings to Launch Bitcoin Lending Platform

 

Vancouver, Kelowna, Delta, BC April 22, 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.

 

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https://www.investorideas.com/Audio/Podcasts/2022/042222-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/04221TWTR-NILE.asp

 

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Stocks discussed: (NYSE:TWTR) (NYSEAmerican:NILE)

 

Financial services firm Stripe has announced the introduction of crypto payouts for its Connect service – which allows the integration of payments into software platforms and marketplaces – with Twitter (NYSE:TWTR) being the former’s first partner. Stripe will initially support payouts in USD Coin (USDC), a stablecoin pegged to the US dollar. An excerpt from Stripe’s blog post announcing the feature, explains:

 

While the “store of value” aspects of cryptocurrencies typically receive the most attention, we view the prospect of “open-access global financial rails” as being at least equally compelling. As a result, we’ve been exploring ways to use cryptocurrency-based platforms to unlock broader access.

 

Today, we’re introducing crypto payouts for Connect. With crypto payouts, a select group of creators on Twitter—our first partner—will be able to use cryptocurrency-based rails to receive their earnings from Twitter.

 

Esther Crawford, Product Lead for Creators, Twitter, commented:

 

“Twitter is where people go to have conversations about what’s happening. We’re focused on helping creators who drive those conversations earn money and connect with their audiences in new ways. We’re excited to begin offering crypto payouts to creators via Stripe so they have more choice in how they get paid.”

 

BitNile Holdings, Inc. (NYSEAmerican:NILE) has reported plans to fund up to $100 million in commercial loans to small, publicly traded companies, secured by Bitcoin (BTC), through its subsidiary, Digital Power (DP) Lending, LLC. According to the press release, the company also “plans to significantly expand its Bitcoin mining production capacity, growing its number of Bitcoin miners to 20,600, representing an expected mining production capacity of approximately 2.24 exahashes per second.” Milton "Todd" Ault, III, BitNile’s Founder and Executive Chairman, said:

 

"This is the Company’s first opportunity to expand the lending program around Bitcoin and I am pleased that the lending platform of our licensed financial lender will be offering Bitcoin-backed loans to small public companies. We believe the Platform is truly innovative and believe DP Lending is the first financial company, lender or institution that we know of to provide Bitcoin-backed lending on a commercial basis or leverage DeFi technology to uniquely target capitalization assistance to small public companies."

 

Sam Mowers, Investorideas

 

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