Point Roberts, WA and Delta, BC – June 6, 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:
#CryptoCorner: Facebook (NasdaqGS:FB) Crypto Will Be Announced This Month, Marshall Islands Launch Crypto Development Fund for SOV, Japan’s LINE Pay (NYSE:LN) Partners with Visa (NYSE:V) and Binance Plans Stablecoins
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Stocks discussed: (NasdaqGS:FB) (NYSE:LN) (NYSE:V)
Facebook (NasdaqGS:FB) will announce its planned cryptocurrency sometime late this month, according to a report from CNBC. The report also reveals that Facebook employees who are involved with the project will have the option to receive their salary in the cryptocurrency. Additionally, it is reported that the company plans to set up physical ATM-type machines where users can buy the digital currency.
The Associated Press reports that the Marshall Islands have established a not-for-profit development fund to oversee the country’s digital currency, SOV (Sovereign). According to the report, the SOV Development Fund will be endowed with 30 percent of the currency’s initial supply and will be an independent board comprising seven members. Dr. Peter Dittus, Chief Economist for SOV and former Secretary General of the Bank for International Settlements (BIS), said:
“The SOV Development Fund’s mandate is to maintain the SOV infrastructure long term; to seed the ecosystem around the SOV; to promote the SOV…