Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NasdaqGS: PYPL) (NasdaqGM: BITF) (TSXV: WLFD)

Crypto Corner Podcast: Cryptocurrency Stocks in the News: (NasdaqGS: PYPL) (NasdaqGM: BITF) (TSXV: WLFD)

Episode Transcript

(00:00):
Welcome to today's edition of Cryptocorner atInvestorideas dot com, news on what's driving
the cryptocurrency market. Hello everyone,this is Sam Mauers here. Welcome back
to the crypto Corner podcast. Fornews today, PayPal is launching a USD

(00:21):
backed stable coin, bit Farms hasstarted a deployment plan in Paraguay, and
well Field has acquired an interest inBosnic. Just before we get into the
show, though, a quick reminderthat if you enjoy this podcast to please
feel free to share it or leaveus a review. As always, recommend
checking out some of the other podcastson Investorideas dot com. This includes the

(00:45):
Cannabis Podcast, the Clean Tech andClimate Change Podcast, along with many others,
all of which will bring you upto speed on the latest stock news
and trends in their respective spaces.Right so, PayPal Holdings Inc. Which
trades on the nasdac as PYPL,has announced the launch of a US dollar

(01:07):
denominated stable coin simply called PayPal USDwith a ticker PYUSD. PayPal USD is
one hundred percent backed by US dollardeposits, short term US treasuries and similar
cash equivalents. Is redeemable one toone for US dollars and is issued by
Paxos Trust Company. Dan Schulmann,Paypals President and CEO said, quote,

(01:34):
the shift toward digital currencies requires astable instrument that is both digitally native and
easily connected to Fiat currency like theUS dollar. Our commitment to responsible innovation
and compliance and our track record deliveringnew experiences to our customers provides the foundation
necessary to contribute to the growth ofdigital payments through PayPal usd end. Quote.

(02:01):
Next up bit Farms Limited, tradingon the NASDAC under the ticker symbol
b I t F has initiated itsfirst phase of development for its recently acquired
one hundred fifty megawatt hydropower contracts inParaguay. The company will be building a
new fifty megawat farm at Passaupey,Paraguay, near its Via Rica Paraguay facility,

(02:27):
and it expects this new farm tobe fully commissioned at fifty megawatts in
Q one of next year. JeffMorphy Bit Farm CEO explains, quote,
Achieving high operating efficiencies while minimizing campexis an overarching goal in our global growth
strategy heading into next year's Having basedon our experience in this jurisdiction, Paraguay

(02:52):
affords both low building costs and fasttime to completion. We will construct a
fifty megawatt substation to power a thirtymegawat air cooled warehouse and install twenty megawatts
of containers specifically built for microbt Mfive three S plus hydro cooled miners,
all of which are being purchased withvendor credits. These credits significantly reduce our

(03:17):
overall cash outlay and will leverage cashon cash returns and quote. Lastly,
for today, well Filed Technologies,Inc. Which trades on the tsx V
under the ticker WFLD, has announcedan acquisition of interest in Bosnic Inc.

(03:37):
This was done through a definitive shareagreement with Earth Corporation or Earthcoke. Bosonic,
according to the press release, developsunique technology that facilitates the trading,
clearance, and settlement of digital assetsand digital assets securities, with a focus
on eliminating counterparty credit and settlement riskon centralized exchanges. In a prior press

(04:00):
release, well Field CEO Levy Cohencommented, quote, at well Field,
we're dedicated to pioneering advancements in theblockchain and decentralized finance ecosystem. As a
part of this commitment, we arethrilled to announce our proposed strategic investment in
Basonic Inc. This investment embodies ourongoing strategy to not only meet, but

(04:24):
exceed the expectations of our high networth and institutional investors at well Field Capital
who demand reliable and secure liquidity solutionsfrom both decentralized and traditional exchanges. End
quote that does it for today's cryptoquorum. If you would like to be
a guest or sponsored for this podcast, contact invest raedias dot com. The

(04:46):
best Redias reminds all listeners to readour bascreamers and disclosures on the Westerdias dot
com website. This podcast is notendorsement to fire products, services or securities
investors that remind at all investment inbox Raking Possible Blows in the West.
To hear more Investor Ideas dot compodcasts, please visit investor idias dot com,

(05:08):
slash audio and a reminder you canalso hear our podcasts on Apple Podcasts,
Audible, Spotify, tune In,Stitcherspreeker dot com, iHeartRadio, Google
podcasts, and most audio platforms available. This podcast was sponsored by AppTec Payments
Corp. Apptech is an innovative fintechcompany whose mission is to deliver a better

(05:30):
way for businesses to provide their customerswith immersive commerce experiences. For more information,
visit Appteccorp dot com. AppTec tradeson the NASDAC under particular symbol APCX.