FB - CryptoCorner: Libra May Not Launch in India Australia's NAB Leery of Libra LINE Close to Licensing for Crypto Exchange and Litecoin Foundation to Launch Crypto Debit Card
Point Roberts, WA and Delta, BC - June 20, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
Listen to today's Crypto Corner Podcast:
https://www.investorideas.com/Audio/Podcasts/2019/062019-CryptoMarket.mp3
CryptoCorner: Libra May Not Launch in India, Australia's NAB Leery of Libra, LINE Close to Licensing for Crypto Exchange and Litecoin Foundation to Launch Crypto Debit Card
Get the Crypto Corner Podcast on iTunes
Subscribe to Podcast RSS feed:
https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml
Stocks discussed: (NasdaqGS:FB) (NYSE:LN)
It looks like Facebook's (NasdaqGS:FB) Libra will not be available in India, according to local outlet the Economic Times. The article cites people "directly in the know", who explain that Libra won't launch in markets where cryptos are illegal, and that Facebook had not formally applied for Libra to the Reserve Bank of India (RBI).
Also leery with regard to Libra is National Australia Bank (NAB) business banking chief Anthony Healy, who said that Facebook's massive user base made the cryptocurrency risky, according to The Sydney Morning Herald.
"They're not the first company to launch a crypto payment solution, but they do have immense reach obviously through their Facebook platform. With a billion plus users on its platform, it is clearly a threat."
However Healy also indicated positive consequences that could result from the example, whether successful or not, of Libra.
"Like all fintech disrupters, they're all potential threats, but they're also opportunities for us to learn, and if some of these emerge as real threats we can learn from them, develop our own capabilities and respond appropriately."
MarketWatch reports that the U.S. Senate Banking Committee has set the date July 16 for a hearing on Libra. The hearing is titled: Examining Facebook's Proposed Digital Currency and Data Privacy Considerations. On Tuesday Facebook said:
"We look forward to responding to lawmakers' questions as this process moves forward."
Bloomberg reports that Japanese messaging app giant LINE Corporation (NYSE:LN) is close to obtaining a license for its cryptocurrency exchange BitMax. "People familiar with the matter" say that approval may be granted by the end of June, allowing operations to commence within a few weeks of licensing. BitMax will enable LINE's 80 million users to buy, sell and trade cryptocurrencies including the platform's own native token, Link.
Litecoin Foundation has teamed up with Bilbox Exchange and blockchain firm Ternio to launch Litecoin BlockCard, a debit card that will "enable users to spend the value of their cryptocurrency either online or in physical store locations, anywhere in the world where major credit cards are accepted". Charlie Lee, creator of Litecoin (LTC) and Managing Director of the Litecoin Foundation, said:
"This is an exciting partnership for us as it furthers the Litecoin Foundation's mission to create more use cases for spending Litecoin in everyday life. Leveraging Ternio's BlockCard platform with Bibox's exchange engine gives Litecoin holders unparalleled access to use their LTC at merchants around the world."
Sam Mowers, Investorideas
Read other editions of the Crypto Corner
Get the Crypto Corner News by email Get Crypto Corner News
Crypto Corner Sponsors:
Flip is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment PlatformTM, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
@GenesisBlockch
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
More info on the sector:
Investor Ideas is positioning as a leader in blockchain and crypto content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com
For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory
About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
The Crypto Corner is part of the Investor Ideas Membership content
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.
Visit the Podcast page at Investorideas.com:
https://www.investorideas.com/Audio/
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies. More info: http://www.investorideas.com/About/News/Clientspecifics.asp
Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto Corner is an Investorideas.com content brand
Learn more about our news, PR and social media services at Investorideas.com
https://www.investorideas.com/Investors/Services.asp
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Contact Investorideas.com
800-665-0411