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130

Crypto-Friendly Banking Service Provider Cashaa Introduces US Dollar Bank Accounts for Companies Dealing in Digital Assets

via Crowdfund Insider

Cashaa, a cryptocurrency-friendly banking service provider, recently revealed that it’s introducing US dollar bank accounts for companies dealing in digital currencies. The new accounts are being offered through a partnership with Metropolitan Commercial Bank. (more…)

Banks, Cryptocurrencies

November 18, 2019

663

Different Ways Cryptocurrencies Can Be Used For

Cryptocurrencies have been getting more popular since the conception of bitcoin in 2009. Currently, there are over 2,600 cryptocurrencies available in the market, with Bitcoin as the leading cryptocurrency. Most users just buy bitcoin and then sell them. However, there are plenty of ways to use your bitcoin and other cryptocurrencies aside from the usual trading.

These ways include using your cryptocurrencies for payments, investments, remittances, loans, and humanitarian aid. (more…)

Cryptocurrencies

September 19, 2019

916

New Medici Bank launches with crypto-friendly outlook

via CoinGeek

A descendent of the famed Renaissance banking family, the House of Medici, has launched a new bank in Puerto Rico with a pledge to accept business from cryptocurrency firms.

Medici Bank has been launched by Prince Lorenzo de’ Medici, and was “born out of frustration with the current financial services landscape.” According to the launch announcement this week, the bank will offer cheaper fees, faster services and greater transparency for its customers. (more…)

Banks, Blockchain, Cryptocurrencies

May 10, 2019

1266

Puerto Rico Financial Commissioner George Joyner: “There’s a space for virtual assets that won’t go away”

via Crowdfund Insider

George Joyner has Puerto Rico in his blood. The Commissioner of the Office of Financial Institutions is a veteran player who has spent his whole career in the fast-growing banking and, latterly, FinTech industry in the US territory of Puerto Rico, with the exception of two years in Florida. Born on the mainland, he was brought to San Juan as a six-month-old baby. Bilingual in Spanish and English, Joyner is an American and a passionate Puerto Rican.

Puerto Rico’s tax-favored status has proved attractive to both mainstream finance and players from cryptoland. Joyner understands and shares the local passion for growth, but as the gatekeeper of Puerto Rican standards, he will only allow growth to occur in the fashion he considers prudent.

Crowdfund Insider caught up with him at the recent financial summit organised by one of Puerto Rico’s newest financial institutions, Kinetic International. (more…)

Blockchain, Cryptocurrencies, Global trends, Government activities, People of fintech

March 18, 2019

2408

eToro Wallet Mobile App Now Allowing Users to Buy Crypto With Fiat

via Crowdfund Insider

Global investment platform, eToro, announced on Monday that its eToro Wallet mobile app is now allowing users to buy cryptocurrency with fiat. According to eToro, all cryptoassets available in the eToro Wallet (currently Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and XRP) may now be purchased directly in the wallet app using a credit or debit card (Visa, including Visa Electron and Visa Plus, MasterCard, Maestro, and Cirrus). At present purchases can be made in euros or pounds sterling. (more…)

Cryptocurrencies, Financial Markets / Trading, Fintech news

March 12, 2019

1434

R3 Reveals 8 Areas of Focus for Blockchain Bank Trials

By Michael del Castillio fr Coindesk

A consortium of over 40 financial institutions around the world is currently working on at least eight different proofs-of-concept (PoCs) to show how distributed ledgers can be used to streamline a wide range of transactions on Wall Street – and make them easier to regulate. (more…)

Blockchain, Cashless, Cryptocurrencies, Global trends

April 15, 2016

2247

Here’s Why the Blockchain Would Have Saved Lehman Brothers

By  for Fortune magazine

CFTC commissioner is on board with the bitcoin-related technology. Bitcoins could have saved Lehman Brothers, sort of. (more…)

Banks, Blockchain, Cryptocurrencies, Fintech news, Global trends, Government activities

March 31, 2016

2073

The blockchain in finance: Hype springs eternal

By the Economist

NORMALLY, it is Simon Taylor’s job to persuade sceptical colleagues at Barclays that rapid technological change will disrupt the bank’s business.

(more…)

Blockchain, Cashless, Cryptocurrencies, Fintech news

March 29, 2016

7486

Bitcoin, RIP. Blockchain is Sexy

2015 was still a busy year for blockchain. Venture capital investments topped $1 billion for the first time. People are finding it easier to invest in the digital currency, thanks to the debut of firms such as Bitcoin Investment Trust. Big financial companies—Nasdaq, American Express and Visa— invested in blockchain startups, “a game changer in terms of attitude towards the technology”.

Read our full research “Money of the Future”. Download PDF (20MB)
(more…)

Blockchain, Cashless, Cryptocurrencies, Fintech news, Global trends, Hotnews

March 29, 2016

1945

World Econmic Forum: Could blockchain technology make big banks a thing of the past?

By Simon Johnson, Co-founder, The Baseline Scenario in collaboration with Project Syndicate.

After nearly a decade of crisis, bailout, and reform in the United States and the European Union, the financial system – both in those countries and globally – is remarkably similar to the one we had in 2006.
(more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

March 24, 2016

1994

Africa’s Largest Online Marketplace Bidorbuy Adds Bitcoin Payments

To eliminate the financial security issues a lot of African e-commerce users have suffered from, Bidorbuy, Africa’s largest online market, began accepting Bitcoin payments March 3. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, InspirAsia, SME

March 23, 2016

1505

Deals: A startup that helps police track criminals using bitcoin just raised $5 million

By Stan Higgins for Coindesk.com

Bitcoin surveillance startup Elliptic has raised $5m in Series A funding in a round that involved a private equity firm with strong US defense and intelligence connections. (more…)

Blockchain, Cryptocurrencies, Deals, Fintech news

March 21, 2016

2220

Deloitte: Blockchain Systems Could Rival ACH Network By 2025

By Pete Rizzo for Coindesk,

A new report by the Deloitte Center for Financial Services predicts that permissioned blockchain payment systems will see “significant transaction volume” by 2020. (more…)

Blockchain, Cryptocurrencies, Fintech news

March 14, 2016

2984

Blockchain and its usage beyond finance

By Eliot Maras for cryptocoinnews.com

Blockchain technology is largely associated with the financial sector, but distributed ledger applications have much to offer other industries as well. (more…)

Blockchain, Fintech news

March 7, 2016

1787

Bitcoin has failed. Bitcoin is the future. Bitcoin cannot be regulated. Bitcoin needs to be regulated.

By PRIMAVERA DE FILIPPI for Wired Magazine

The debate over what will happen to the decentralized virtual currency has reached a cacophonous point, and now lawmakers around the world are wondering whether the time has finally come to regulate this emerging technology. (more…)

Blockchain, Fintech news

March 2, 2016

2158

IBM Exec Elected Chair of Hyperledger Blockchain Committee

By Stan Higgins for coindesk.com 

An IBM executive has been named as the chairman of the technical committee for the Hyperledger Project, the open-source blockchain initiative launched late last year under the umbrella of the Linux Foundation. (more…)

Blockchain, Cashless, Fintech news

March 1, 2016

2885

Hong Kong robusts its fintech ecosystem

By Joseph Bradley for cryptocurrencynews.com

HK$17B has been pledged by the financial secretary of Hong Kong to begin building the key infrastructure necessary to support a thriving Fintech and tech center in the city. (more…)

Blockchain, China, Fintech news, Hong Kong

February 29, 2016

1571

Bank consortium R3CEV successfully tests Bitcoin tech in traditional bank transactions

By Nicky Capella for The Stack magazine,

R3CEV, a startup dedicated to bringing blockchain technology to traditional finance, yesterday ran a successful test of transactions between 11 of the world’s largest financial institutions. This represents a big step forward in bringing blockchain, the foundation for Bitcoin, to traditional banking. (more…)

Blockchain, Cryptocurrencies, Fintech news

January 21, 2016

1968

A Simple Guide To The Blockchain

WIRED: Ahead of the event, here’s everything you need to know about one of the biggest areas currently transforming the world of digital finance: the blockchain. (more…)

Cryptocurrencies, InspirAsia, Singapore

July 1, 2015