While the market for cryptocurrency can be volatile, it offers traders and investors the chance to make large profits from their investments. Because of the growing demand for transparency and operational efficiency in financial payments systems as well as for data security and remittances to underdeveloped nations, the cryptocurrency market is flourishing. Market expansion is possible due to a surge in demand among financial institutions and banks for cryptocurrency. Valuates Reports recently reported that the world’s cryptocurrency market was worth $1.49 Billion in 2020. It is expected to grow at 12.8% CAGR between 2021 and 2030 according to a Valuates Reports report. The report said: “The growing demand for transparency in the payment system is projected to propel the cryptocurrency business forward. Due to increased data transparency and independence in payments across banks, financial services and insurance companies, the cryptocurrency market will grow rapidly in the next few years. There are many benefits to using cryptocurrency within the banking sector. These include the ability to send and receive money in an open manner as well as secure storage of clients information for future reference. Recent developments include Coinbase (NASDAQ) Global, Inc., Hello Pal International Inc., (NASDAQ : COIN), Hello Pal International Inc., (OTCQB : HLLPF), (CSE : HP) (NYSE :)), Marathon Digital Holdings, Inc., (NASDAQ NASDAQ:), Riot Blockchain, Inc., (NASDAQ NASDAQ:), Hut 8 Mining Corp., (NASDAQ : HUT), (TSX : HUT).

Valuates Reports continued: “In addition, new blockchain distributed technology protocols are expected to eliminate the need for certain organizational solutions and allow multiple stakeholders to share payment in a transparent manner across the business. This improves supply chain transparency and helps prevent other criminal acts. These strategies increase the likelihood of cryptocurrency adoption. The cryptocurrency market’s growth is likely to be aided by the untapped potential of emerging economies. Emerging nations offer significant potential for bitcoin to grow its operations by making financial and banking services easier. The most popular of these cryptocurrency has helped numerous individuals and companies succeed in their financial endeavors. These demands are changing rapidly and cryptocurrencies can help meet them. Emerging markets are attracted to cryptocurrency because of changing demographics and increased consumption. Companies across all industries are using cryptocurrencies to allow customers to use them to pay their services and goods. This is expected to boost the bitcoin market even further.”

Hello Pal International Inc. (CSE: HP) (OTCQB: HLLPF) BREAKING NEWS: Hello Pal Announces Upgrade of / Mining Rigs to Latest Antminer L7 Model – 4500 existing miners sold at 100% profit to purchase new miners – Hello Pal International Inc., a provider of rapidly growing international live-streaming, language learning and social-crypto platform, is pleased to announce that it has upgraded approximately one third of its Litecoin/Dogecoin mining rigs to the latest miners released by Bitmain.

The Company, via its subsidiary CPal Technology Limited (formerly “Crypto Pal Technology Limited”), sold 4,500 of its existing Antminer L3+ mining rigs for a consideration of USDT 2.1 million (approximately CAD 2.67 million). This sale is more than 100% profit compared to the actual purchase price for those mining rigs, which was CAD 3.5million earlier this year.

The Company purchased 100 Antminer L7 mining rigs using the proceeds. These are the latest Litecoin/Dogecoin-mining rigs that Bitmain will release. L7 mining machines have an average hashrate 9500MH/s. This is 19 times higher than L3+.

This year’s new mining rigs are due to be delivered to the company in November. There is also an option to acquire more. The increased power will make it easier to store in mine facilities. This will allow the Company to be more flexible in locating its mining equipment. As mentioned in Hello Pal’s press release on October 5th, the company continues to expand its business on an international level to diversify risk for its shareholders.

Yitang helped us sell part of our current mining rigs for twice our price and was also able to help us get the new miners, which were in extremely short supply.
KL Wong is the Founder and Chairman.

We remain dedicated to our crypto mining strategy, and the implementation cryptocurrency within our social platforms. This upgrade will assist us in achieving this goal.”

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