#CryptoCorner #Podcast 892: #Stocks discussed: (NYSE: $MA) (NYSEAmerican: $NILE) (TSXV: $BLOK.V)




#CryptoCorner #Podcast 892: #Stocks discussed: (NYSE: $MA) (NYSEAmerican: $NILE) (TSXV: $BLOK.V)


Mastercard Working with Paxos for Crypto Source Program, BitNile Developing BTC-Based Marketplace Platform, and GlobalBlock Launches GB10


Vancouver, Kelowna, Delta, BC October 17, 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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Stocks discussed: (NYSE:MA) (NYSEAmerican:NILE) (TSXV:BLOK)


Mastercard (NYSE:MA) has announced Crypto Source, a program which enables financial institutions to bring “secure crypto trading capabilities and services to their customers.” Mastercard is working with blockchain infrastructure platform Paxos, which will provide crypto-asset trading and custody services for the banks, while Mastercard itself “will leverage its technology to integrate those capabilities into banks’ interfaces.” Walter Hessert, Head of Strategy at Paxos, said:


"Mastercard has a powerful network of financial institutions around the world. This exciting offering developed by Paxos and Mastercard will give FIs the fastest and most trusted way to offer safe, reliable crypto access for their consumers globally. We’re thrilled to partner with Mastercard to further accelerate the mainstream adoption of digital assets.”


BitNile, Inc. (BNI), a subsidiary of BitNile Holdings, Inc. (NYSEAmerican:NILE), has started the development of a Bitcoin (BTC)-based marketplace platform which will leverage blockchain and other emerging technologies. An aim of the Marketplace is to ease Bitcoin transactions and result in lower transaction fees than traditional e-commerce. Milton "Todd" Ault, III, the company’s Executive Chairman, said:


"Our plan is to build an innovative Bitcoin-focused e-commerce platform that combines our experience in the cryptocurrency sector with our long-term philosophy of investing in disruptive technologies with a global impact. We believe the prospect of powering e-commerce with Bitcoin is a huge opportunity. The global business-to-consumer e-commerce market reached a value of $4.1 trillion in 2021, according to IMARC Group, and Pew Research Center reported that roughly three-in-ten Americans aged 18 to 29 say they have invested in, traded or used a cryptocurrency.”


GlobalBlock Digital Asset Trading Limited (TSXV:BLOK) has announced the launch of GB10, a product that “allows instant investment into a diversified portfolio of the top 10 cryptocurrencies weighted by market cap that are then rebalanced at the start of each month.” The company’s CEO, David Thomas, explained:


“After significant investment in our tech with the recent launch of our new mobile app, which continues to see strong downloads and conversion rates, we are pleased to bring GB10 to market. Our decision to create this product was in response to demand from existing clients, and the realisation that many investors entering or currently in the crypto space want a product that gives a broad entry point to the most established crypto projects. The GB10 product is the first of a few products we are looking to bring to market, so it is great to have this first one launched."


Sam Mowers, Investorideas


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