#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
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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
For
investors following the sector Investor Ideas has a comprehensive
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