FN Media Group Presents USA News Group News Commentary
Vancouver, BC – April 26, 2022 – USA News Group – Bitcoin (BTC) or Dogecoin (DOGE)? Which cryptocurrency will prevail and be embraced as the “currency of the internet and the people”? This question recently caused a brief but intense spat between a pair of Silicon Valley giants: Jack Dorsey, the co-founder of Twitter Inc. (NYSE:TWTR) and CEO of Block, Inc. (NYSE:SQ), and Vlad Tenev, CEO of Robinhood Markets, Inc. (NASDAQ:HOOD). Dogecoin has surged over the last two years in popularity and mindshare, to knock at the door of #2 cryptocurrency Ethereum. Soon after SpaceX CEO Elon Musk began making a serious play to acquire Twitter, DOGE prices shifted, causing Forbes to infer Dogecoin as a ‘Proxy for Twitter Stock’. As the debate rages onward, cryptomining specialists have benefitted such as Neptune Digital Assets Corp. (TSXV:NDA) (OTC:NPPTF), and Hello Pal International Inc. (CSE:HP) (OTCQB:HLLPF) which recently combine its crypto mining capabilities with its successful video livestreaming and matching businesses.
The newly launched DogeChat and DoggeChat apps from Hello Pal International Inc. (CSE:HP) (OTCQB:HLLPF) are set to allow users to match and/or video chat with other individual users from across the globe. When a connection is made, 1-on-1 video calls will generate revenues on a per-minute basis, paid for by the call’s initiator to the call’s receiver—now with the option to pay in crypto, which Hello Pal also is in the business of mining.
“We expect these apps to be very synergistic to our current livestreaming and crypto-mining operations,” said KL Wong, Founder and Chairman of Hello Pal. “They will not only bring into our existing ecosystem new users from different markets, but also allow us to start implementing our goal to make the use of cryptocurrency more widespread in the world, starting with our users.”
Where DogeChat payments will be made in DOGE and other cryptocurrencies, DoggeChat payments will be in fiat currencies made through Apple Pay and Google Pay. First to launch will be DoggeChat, before DogeChat is launched at a later date, using the same user pool. However,
regular users of DoggeChat will be incentivized in various ways to switch to DogeChat.
Hello Pal made history back in May 2021 by becoming the market’s first listed company focused on DOGE mining. Reaction to the announcement was swift, causing a surge in traffic so heavy it temporarily caused a website outage.
Both the DoggeChat and DogeChat launches represent Hello Pal’s market expansion into the burgeoning 1-on-1 video chatting space, as well as its foray into the North American market.
More significantly, it also represents their plan to start incorporating cryptocurrency payments into their social and livestreaming businesses.
Meanwhile, in terms of revenues from cryptocurrency mining, Hello Pal and Neptune Digital Assets Corp. (TSXV:NDA) (OTC:NPPTF) have similar market caps and both recently reported strong revenues from their operations.
Back in February Hello Pal, was still transitioning its mining operations out of China, while increasing its mining assets and improving upon its crypto-mining operations infrastructure.
“Our livestreaming operations continue to deliver strong operating results as we continue to diversify outside of China,” said KL Wong. “With our focus on cryptocurrency mining operations, we anticipate that revenue and profit will continue in an upward trend.”
Whereas Hello Pal focuses its mining on DOGE, Neptune Digital Assets focuses more on BTC.
During Q1 2022, Neptune Digital Assets set a fiscal quarter record with C$13 million in comprehensive income, derived from not only mining, but staking and DeFi earnings and crypto fund investment as well.
“We hope to see the general crypto space grow as we move forward into 2022 and our Bitcoin mining, staking, and DeFi earnings to increase accordingly as we grow those arms of the business,” stated Cale Moodie, Neptune CEO. “We anticipate another 53 petahash of mining capacity to come online in Q2 thus growing our Bitcoin earnings. We are staying true to our diversified model and will continue to manage our risk while maximizing our earnings across the board.”
Which brings things back to the feud on Twitter Inc. (NYSE:TWTR) between Jack Dorsey CEO of Block, Inc. (NYSE:SQ), and Vlad Tenev, CEO of Robinhood Markets, Inc. (NASDAQ:HOOD).
Tenev began the conversation, positing in a Tweet: “Can #Doge truly be the future currency of the internet and the people? As we added the ability to send/receive DOGE on Robinhood, I’ve been thinking about what that would take.”
He went on to claim that Dogecoin could outperform Visa with respect to transaction speedsd, and that the crypto coin’s transaction speeds would eventually surpass the credit card giant’s current 65,000 transactions per second (TPS) capabilities.
“Doge would need to be able to significantly outperform Visa, which entails increasing throughput by at least 10000x,” wrote Tenev.
While there was plenty of support for Tenev’s musings, others on Twitter began to push back, including the social media platform’s co-founder and former CEO, Jack Dorsey, with pointed barbs that reflected some of the audience’s skepticism due to Robinhood’s more recent dependence on DOGE for its revenue and profits.
Dorsey responded to Tenev’s final tweet with a snarky, “u thirsty?”, to which Tenev fired back with “U mad?”
Not leaving it alone, Dorsey replied, “nah I’m good I don’t use Robinhood.”
Tenev cleverly got the final word, capitalizing on an opportunity for Robinhood plug, replying “you would pay less for your bitcoin if you did!”
Twitter Inc. (NYSE:TWTR) itself isn’t playing a spectator in the cryptocurrency scene, by working with online payments firm Stripe to become the first company to integrate a new payment method that makes payouts in crypto through the stablecoin USDC. Beginning right away, Twitter will let a certain number of creators receive their earnings from its paid Ticketed Spaces and Super Follows features in USDC.
Block Inc. (NYSE:SQ) CEO Dorsey has gone all in on Bitcoin, with his departure from Twitter leading Bloomberg’s Businessweek to claim his intention is become Bitcoin’s “Spiritual Leader.”
His company is set to work with cryptocurrency storage company Blockstream to construct a solar-powered BTC mining facility in Texas. The 3.8-megawatt (MW) facility will be outfitted with Tesla’s solar photovoltaic cell array and a 12 MWh Megapack.
As some were criticizing Tenev for being biased in his support of DOGE, the seemingly critical anti-Dogecoin and anti-Ethereum statements of Dorsey while being hyper-focused on BTC could also be seen as biased.
For more information go to: 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 as a part of a private placement. MIQ reserves 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 and/or investment vehicles.
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
The post Silicon Valley Giant Spat Over Crypto’s ‘Currency of the Internet’ Status Highlights Inevitability appeared first on Financial News Media.
