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Fintechs And Financial Institutions: The Case For Collaboration
Fintech firms and financial institutions are often viewed as rivals. Fintechs are spawning innovations that allow users to bypass traditional banks, especially in emerging markets where branch banking is inconvenient. Rather than spend hours traveling to a branch and even more time standing in line, digital innovation makes banking possible by downloading a smartphone app or keying in a USSD code.
Facebook Libra vs Bitcoin: How Do The Two Cryptocurrencies Differ?
MichaelWuensch / Pixabay After more than a year of rumors and speculation, Facebook has launched its own cryptocurrency Libra. Facebook Libra is backed by a bunch of other corporations including Visa, PayPal, Spotify, eBay, Uber, MasterCard, and others. It’s a clear indication that these companies would accept Libra as payment on their platforms. Bitcoin, a popular cryptocurrency, has been trying
Ripple CEO Brad Garlinghouse Is Bullish on Bitcoin
In an interesting display of trading acumen, Bitcoin critic and Ripple CEO Brad Garlinghouse has declared that he is now long Bitcoin. Forbes: "I don't think that there will be one crypto to rule them all," Garlinghouse said, speaking at the Fortune Brainstorm Finance 2019 conference. "I own bitcoin and am long bitcoin." "I think bitcoin is a store of value and
A Whole New Dimension of Crypto as Bitcoin Hits Above US$10k
Get ready for a whole new dimension of crypto as bitcoin hits above the US$10K mark. Below comments from Fred Schebesta Co-founder of cryptocurrency broker HiveEx.com and one of the world’s biggest personal finance comparison sites Finder.com: MichaelWuensch / Pixabay “Bitcoin, now at AU$15,029 (US$10,456), hasn’t hit above US$10K for 15 months, since March 6, 2018, (although it came close hitting
NexChange Interview Series: Michael Terpin, Transform Group
This week on the NexChange Interview Series, we join NexChange’s Olga Yaroshevsky on the CoinsBank Blockchain Cruise where she sat down with Transform Group CEO Michael Terpin. The two talk about Terpin’s landmark case against crypto thieves, where he was awarded over $75 million in damages, as well as his recent case versus AT&T. They also discuss the flaws of
What The MoneyGram-Ripple Deal Could Mean For The Cryptocurrency Space
The announcement that Ripple is partnering with MoneyGram International, Inc. MGI 4.38% has been met with a positive reaction as cryptocurrency goes mainstream. The blockchain payment company made an initial investment of $30 million in the money transfer company comprised of common stock and a warrant to purchase common stock. Ripple purchased newly issued common stock from MoneyGram, including the
Blockchain in Business: 5 Risks to Consider in 2019
Blockchain
What is blockchain? A blockchain is a technology involving the process of transfer or transaction of assets, information, or identity directly between the sender and receiver, thereby eliminating the need of third party authorization. The functioning of money related transactions is based on cryptocurrency. TheDigitalArtist / Pixabay Now the question is, what is a cryptocurrency? Cryptocurrency, commonly referred to as
Facebook Releases Blockchain Powered Libra Currency
Yesterday, Facebook finally revealed details about its highly anticipated Libra currency. Media claims that the new digital coin could take over the way consumers spend their money, although some are concerned about its security. Libra’s whitepaper was unveiled yesterday, while the coin itself will be launched along with its Calibra wallet in 2020. According to The Wall Street Journal, Libra
IBM, Walmart, Merck Included In FDA Program To Test Blockchain Usage In US Drug Supply Chain
Blockchain
KPMG, IBM IBM 0.01%, Merck MRK 0.01% and Walmart WMT will be working with the U.S. Food and Drug Administration in a program supporting the U.S. Drug Supply Chain Security Act, tracking and tracing prescription medicines and vaccines distributed within the U.S. using blockchain technology. Each company will create a shared permissioned blockchain network that allows real-time monitoring of products. The
Decentralised Financial Technologies: Entering A New Frontier
Off the back of the Financial Stability Board’s recent report, detailing the financial stability, and regulatory and governance implications of decentralised financial technologies, we have compiled commentary from a diverse range of leading blockchain companies below. They have provided insights on the findings of the report, and what it means for the broader blockchain and crypto landscape. jaydeep_ / Pixabay