Cryptocurrency Rising as Corporate Mainstream Acceptance and Digital Mining Ramps Up

FN Media Group Presents USA News Group News Commentary

 

Vancouver, BC – March 9, 2021 – USA News Group  –  After years of resistance to cryptocurrency, it seems that the floodgates are finally opening, as banks, credit cards companies, retail outlets, and even automakers are signalling a major shift. With major endorsements from such Silicon Valley megastars as Elon Musk and Jack Dorsey, Bitcoin (BTC) saw its value shoot up to $48,000 with some speculating it could hit $100,000 by 2022. Now major tech companies, such as Apple Inc. (NASDAQ:AAPL), Tesla, Inc. (NASDAQ:TSLA), and Twitter, Inc. (NYSE:TWTR), as well as credit card giant Mastercard Incorporated (NYSE:MA) have begun to make moves into the space, either by accepting BTC for transactions, or by investing heavily into it with corporate finances itself. However, many others are discovering the opportunity in digitally mining cryptocurrencies, including users of the rapidly growing, international live-streaming, social messaging and language learning mobile apps developer Hello Pal International Inc. (CSE:HP) (OTCQB:HLLPF), who through a partnership with Yitang can participate in Bitcoin and Ethereum mining—both simply and conveniently.

 

“It’s been our initiative for cryptocurrency to play a central part on our platform, especially given the borderless nature of cryptocurrency and our international nature,” said KL Wong, Founder and Chairman of Hello Pal. “The recent activity and interest in cryptocurrency presents us with a unique opportunity to introduce cryptocurrency to our users, as well as to bring cryptocurrency users to our platform.”

 

Through machines hosted and operated by Yitang, Hello Pal users can purchase Bitcoin and Ethereum mining machines. They can do this not only individually, but also as a group. Nor are users required to by the entire machine, as they can option to purchase fractional parts of the mining machines. Each machine will be personally identifiable to the purchasers, which differs greatly from the current ‘cloud mining’ services that are typically available on the market.

 

Once purchased, users can expect mined cryptocurrency to be credited to their digital wallet each day. As of February 8, 2021, Hello Pal is boasting a userbase of over 5.4 million users from over 200 countries and regions—giving the potential for a major wave of users opting to participate in crypto mining with Yitang.

 

Designed for users to make new friends in countries all over the world, and bridging the culture gaps among them, Hello Pal has some advantages that even the North American majors do not—including, but not limited to, the permission to operate both inside and outside of China.

 

As the first step in the initiative, Hello Pal has gone ahead and purchased several Bitcoin and Ethereum mining machines, with plans to purchase even more. Yitang is also helping the Hello Pal revamp and reintroduce its digital wallet as well as its own digital currency, “Palto”—which is a utility token that will be used across the entire Hello Pal suite of apps in order to allow for the borderless transfer of value between Hello Pal users across the world.

 

With headquarters in Vancouver, Canada, and sharing dev offices in China with 200-million-user livestream giant KK Livestream, Hello Pal is quickly becoming a rising star in the sector—having recently set a new revenue record in January 2021 of nearly CAD$2.8 million, and completing a fully subscribed private placement of CAD$1.6 million.

 

“We are pleased our company is truly global, and will continue to rollout new products, features, to reach new markets,” said Hello Pal advisor, Hans Xu. “The Hello Pal platform is a truly diversified social platform”

 

Another major social media platform, Twitter, Inc. (NYSE:TWTR), has contemplated holding BTC as a corporation, but has not decided yet. However, its CEO Jack Dorsey has not shied away from his support of Bitcoin as the ‘internet’s currency’ having publicly endorsed BTC in his Twitter profile, and started a new initiative with rapper Jay Z worth $24 million to fund the development of Bitcoin.

 

But perhaps a more influential endorsement on Twitter of Bitcoin came from Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk, when he tweeted just one word: “#bitcoin”

 

In the space of just one hour, Musk’s tweet sent the virtual currency soaring by an additional $5,000.

 

Now the billionaire might be under fire from the SEC over his company’s $1.5 billion aggregate investment into Bitcoin. But even bigger news for electric vehicle enthusiasts around the world, is the potential that Tesla may accept Bitcoin as payment for their cars.

 

The concept of using Bitcoin for buying more goods online received an enormous boost with the announcement that Apple Inc. (NASDAQ:AAPL) will now allow users to buy products with Apple Pay, using BitPay’s prepaid Mastercard.

 

“We have thousands of BitPay Wallet app customers using the BitPay Card who are always looking for new places and ways to spend their crypto,” said Stephen Pair, chief executive of BitPay, in a statement. “Adding Apple Pay and soon Google and Samsung Pay makes it easy and convenient to use the BitPay Card in more places from day-to-day items to luxury purchases.”

 

Apple itself is also being rumored to be buying up Bitcoin, hinting at a potential multi-billion dollar opportunity for the company.

 

But perhaps the most surprising entrant into the mix is Mastercard Incorporated (NYSE:MA). At some point later this year, the credit card giant has said it will support “select cryptocurrencies” directly on its network.

 

“Our philosophy on cryptocurrencies is straightforward: It’s about choice,” stated Raj Dhamodharan, an executive vice president at Mastercard. “Mastercard isn’t here to recommend you start using cryptocurrencies. But we are here to enable customers, merchants and businesses to move digital value — traditional or crypto — however they want.”

 

The shift signals that many more merchants will be able to accept cryptocurrencies, thereby cutting out the inefficiencies and letting both consumers and merchants avoid having to convert back and forth between crypto and traditional to make purchases.

 

For more information regarding Hello Pal International Inc, please visit:  https://usanewsgroup.com/2020/11/16/live-streaming-is-taking-the-market-by-storm/

 

Article Source: 

USA News Group
http://USAnewsgroup.com
info@usanewsgroup.com

 

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Hello Pal International Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Hello Pal International Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Hello Pal International Inc. which were purchased in the open market (a market cross) directly from the engagement of our agreement with the company. MIQ will not buy or sell shares of Hello Pal International Inc. for a minimum of 72 hours of this post date (November 17, 2020), but reserve the right to buy and sell, and will buy and sell shares of Hello Pal International Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements.

 

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

 

USA News Group is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein.  The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

Media Contact Information:
FN Media Group, LLC
Media Contact e-mail:
editor@financialnewsmedia.com
U.S. Phone: +1(954)345-0611

 

SOURCE USA News Group

Sign Up & Get FREE News Alerts From FNM Today!