PALM BEACH, Fla., May 27, 2021 /PRNewswire/ — A recent survey of 8,008 cryptocurrency users and nonusers in the U.S. to examine the ways in which they plan to use crypto to make purchases, what crypto they plan to use — and how merchant acceptance can influence merchant choice and consumer spend, said that U.S. consumers see cryptocurrency as more than just a store of value: 46 million plan say they plan to use it to make payments for everything from financial services to groceries. An article in Yahoo.com Finance focused on one cryptocurrency, the Dogecoin, saying that a $1000 bet on Dogecoin to start 2021 now tops the average US income. It’s May 4th article said: “It took Amazon 13 years to deliver a 10,000% return to investors. It has now taken Dogecoin five months. The cryptocurrency hit a new all-time high of $0.60… pushing Dogecoin’s market cap north of $70 billion to become the fourth-most valued coin, according to Yahoo Finance’s data partner CoinMarketCap. That’s now larger than the market cap of Moderna, one of the companies shipping COVID-19 vaccines to save the world from the pandemic. Active companies with recent developments in the Tech Industry include: Marathon Digital Holdings, Inc. (NASDAQ: MARA), Hello Pal International Inc. (OTCQB: HLLPF) (CSE: HP), Riot Blockchain, Inc. (NASDAQ: RIOT), Bit Digital, Inc. (NASDAQ: BTBT), Canaan Inc. (NASDAQ: CAN).
That means a $1,000 bet placed on Doge to begin the year, when its price was around half of one penny, would now be worth more than $100,000. In fact, at the $0.56 price that Dogecoin seemed to stabilize around on Tuesday, the position would be worth $103,703. Considering the U.S. Census Bureau last reported the average American household income at $69,000, that same $1,000 bet on Dogecoin could have delivered about 1.5-times the average household income in just five months. if you invested $1000 into the following on January 1, 2021, you’d have this much as of May 4: – Tesla: $907; – GameStop: $8,990; – Bitcoin $1,946; and -Dogecoin: $103,703… Doge, which also offers cheaper transaction fees and quicker settlement times than most other cryptocurrencies, has had something else going for it long before Musk jumped on board. For years the cryptocurrency has boasted a wide and welcoming community.”
Hello Pal International Inc. (CSE: HP) (OTCQB: HLLPF) BREAKING NEWS: Hello Pal Acquires Dogecoin Miner Crypto Pal – Creates first listed entity focused on mining Dogecoin – Hello Pal International Inc., a provider of international live-streaming, social-crypto and language learning mobile apps, is pleased to announce the highly accretive details of its recent acquisition of a fifty-one percent (51%) interest in Crypto Pal Technology Ltd. (“Crypto Pal”) that closed on May 25, 2021 (see news release dated May 25, 2021).
Financial Benefits of Acquisition:
- Purchase Price for Crypto Pal was based on Dogecoin at US $0.055
- Low acquisition cost of $3.5 million, consisting of $1.5 million cash and 1,800,000 units.
- Cost to mine Dogecoin and Litecoin significantly less than Bitcoin.
Strategic Benefits of Acquisition:
- First listed company with primary exposure to Dogecoin.
- Access to cryptocurrency will accelerate growth of user base and livestream revenues.
- Imminent launch of beta version of cryptocurrency-focused app, being part of the suite of Hello Pal apps.
Hello Pal Founder and Chief Executive Officer, KL Wong states, “Our acquisition of Crypto Pal is the next step in bringing the world closer together and promoting social tolerance. Dogecoin, often referred to as “the people’s coin”, is being rapidly accepted and adopted internationally. We anticipate gains to our userbase and livestreaming services from the integration of Dogecoin.”
KL Wong further adds, “By acquiring Crypto Pal at a minimal price, we are able to focus our strong cash position to implement our vision for Hello Pal’s suite of complementary apps as well as carry…