2019-10-7 19:18 |
Disruptive technologies like cryptocurrencies force traditional banks to embrace changes and improve their services, according to Herbert Scheidt
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In the infancy stages of cryptocurrency development, banks were outwardly hostile towards digital currency. However, the widespread adoption of blockchain-based technology for processing financial transactions quicker, safer, and more efficiently has led to a rethinking of traditional thought processes among notable banking giants.
2019-10-1 10:59 | |
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Japan-based SBI Holdings currently stands as one of the most crypto-accepting financial body as it propels cross-border payments landscape through Ripple’s network. In the latest effort to maintain this trajectory, SBI’s MoneyTap initiative announced inclusion of two more traditional financial banks, Daiwa Securities Group Inc.
2019-10-1 21:32 | |
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Multiple joint projects between banks and crypto companies based in Switzerland now offer customers the opportunity to invest in digital assets and take advantage of banking services related to cryptocurrencies.
2019-9-25 13:00 | |
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One of the primary reasons that Bitcoin bulls are so full of hope and euphoria is the constant manipulation and complexity in global economics. Central banks are constantly changing their outlook and looking for ways to either inject or withdraw liquidity from the market.
2019-9-25 23:00 | |
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Cryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck in the crypto space as most traditional institutions are still reluctant to get their feet wet.
2019-9-14 23:00 | |
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Saifedean Ammous, an economics professor famously known for his book The Bitcoin Standard: The Decentralized Alternative to Central Banking sat down for an interview with Preston Pysh. In the podcast, he spoke about several developments in the ecosystem while comparing Bitcoin to traditional financial institutions and gold.
2019-9-9 20:30 | |
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Banking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European nations like Sweden, Denmark, Switzerland, and Eurozone countries have been in negative territory for some time, and banks there have started passing the burden to […] The post Crypto Banking Expands With Positive Interest Rates and New Services appeared first on Bitcoin News.
2019-9-9 17:15 | |
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For both those involved in Bitcoin and traditional markets, all eyes have been on the world’s central banks over the past year. Many analysts claim that whatever the world’s leading monetary authorities decide to do with the economy will dictate the direction for global markets, and, potentially, the fate of the current fiat economic hegemony.
2019-8-30 15:00 | |
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One of the major problems for businesses in the cryptocurrency industry is finding a bank that agrees to work with them and connect them to the traditional fiat financial system. The financial regulator in Switzerland has just made this easier by licensing two companies to serve as tailored banks for the industry and further open […] The post Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached appeared first on Bitcoin News.
2019-8-28 23:00 | |
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The growth of fintech’s market share is putting real pressure on traditional banks to revise their business model. Cashless transactions are witnessing new all-time highs while banks cut down on ATM units and local branches.
2019-8-5 21:00 | |
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When it comes to crypto advocates, they are almost always certain about the bull market being right around the corner. Although most of their predictions were ridiculed until the mysterious currency touched almost $20,000 in 2017, the world today pays close attention to the Bitcoin Billionaires.
2019-7-21 10:30 | |
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Large hedge funds and banks are using robots in their daily trading. Like them, the use of bots is finding its way in cryptocurrency. The post Like Traditional Markets, Cryptocurrency Trading Likely on Autopilot appeared first on Ethereum World News.
2019-7-20 15:00 | |
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Coinspeaker JP Morgan’s Jamie Dimon Believes Libra Is Not a Short-Term ConcernIn recent news, Jamie Dimon from JP Morgan has said that he believes Facebook's Libra isn't a short-term concern of an impact on the traditional banks.
2019-7-18 13:02 | |
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In the International Monetary Fund's (IMF) newly published FinTech note titled “The Rise of Digital Money," the IMF states that banks will face "tough competition" and may even see their services surpassed by tech firms issuing digital money and stablecoins.
2019-7-16 18:53 | |
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As massive banks like JPMorgan and Wells Fargo prepare to release their Q2 earnings report next week, a growing threat to traditional finance, cryptocurrencies, are becoming too disruptive to ignore.
2019-7-13 16:45 | |
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Rakbank CEO Peter England says that traditional banks have to work towards empowering companies that are working to develop blockchain technology. England said that APIs and distributed ledger technology present an opportunity to change the way international payments are handled, adding: “Blockchain technologies do have the potential to disrupt the financial services industry and create […]
2019-7-11 21:26 | |
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Reactions have continued to trail Facebook’s official announcement of its own digital asset called the Libra and its governing body, The Libra Association. Since the announcement was made and its whitepaper released, reactions have been mostly mixed with some applauding the move as a huge win for the cryptocurrency sector because a giant player like […]
2019-7-11 17:24 | |
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The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly or inadvertently.
2019-7-9 16:45 | |
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Coinspeaker Exscudo CEO: Current Financial System Not Only Holding Back the Progress but Pulls It BackWhile traditional banks are still the basis for today's financial system, most of the functions they perform are outdated.
2019-7-6 13:35 | |
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Finance industry officials have hinted toward the development of a real-time payments system with instant settlement to be used by banks across the Eurozone. Traditional financial systems have come under pressure from cryptocurrencies and, more recently, Facebook’s new digital currency, as reported by Reuters, June 26, 2019.
2019-6-29 21:00 | |
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Bitcoin was conceived in the backdrop of banks bailouts and the 2008 financial crisis. The recession and the loss of faith in banking, financial institutions gave Bitcoin a platform to rescue the ones affected, giving them hope for a better financial system without the hassle of corrupt institutions.
2019-6-27 13:30 | |
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While the government of crypto-friendly Switzerland have since put in place amenable regulations to govern the region’s blockchain and digital assets ecosystem, traditional financial institutions in the country remain reluctant to service cryptocurrency-related startups.
2019-6-27 21:00 | |
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The vice president of Bradesco, the largest Brazilian bank, has recently affirmed that all the major Brazilian banks will start to use a unique blockchain platform soon. The announcement was made today, June 11, during the CIAB Febraban, a major banking and fintech event in the region. According to Mauricio Minas, the blockchain has a […]
2019-6-12 01:17 | |
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Arival Bank aims to serve crypto firms rejected by traditional banks and is crowdfunding $3 million on Circle's SeedInvest platform.
2019-5-31 11:00 | |
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There’s a shift beginning across the crypto market: institutions are finally entering, and it’s already having a powerful impact on the price of Bitcoin. This also means that the crypto mainstays of the last bull run – such as Binance and Coinbase – are in danger of being decimated by established traditional financial firms with.
2019-5-31 23:00 | |
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With central banks worldwide removing cash from society in favor of Central Bank Digital Currencies, and negative interest rates turning traditional investment strategies on their head, digital assets present a compelling use case as a hedge against extraordinary global monetary policy and capital surveillance
2019-5-28 01:00 | |
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Ripple (XRP) sinks 4. 1 percent Collaboration with traditional banks will cement Ripple Inc’s position as a provider of SWIFT alternative The casual handling of Coin Metrics report could end up biting Ripple, that’s according to a crypto advocate Fernando Nieto.
2019-5-23 21:00 | |
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Explore Coin is a decentralized currency that simplifies travel, saves money, and is backed by powerful applications and an ever growing system of partners. Explore Coin is a cryptocurrency designed to be the leading travel cryptocurrency in the world.
2019-5-17 16:31 | |
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International cross border payment options are without a doubt one of the most significant uses of digital currencies. Cryptocurrency payments options are a lot more faster than the the traditional payment methods, because third party intermediaries are cut out of the process.
2019-5-14 02:20 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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Cross border payments represent one of the most self-evident use cases of cryptocurrencies. Digital currencies move across borders faster than traditional payment pathways, with reduced friction points and no need for an intermediary.
2019-5-10 20:43 | |
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The most prominent and largest banks in the world, including Goldman Sachs and Morgan Stanley, could be surprised by the fast-growing rates registered by some cryptocurrency hedge funds. What will traditional and dominant financial institutions do with the growing influence of virtual currencies? Crypto Hedge Funds Perform Better Than Others Although the bear market of […]
2019-4-28 20:55 | |
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The world of traditional finance has long been apprehensive about cryptocurrency entering their space, fearing that the market could become strong enough to be a contender for fiat currency. Lately, as NewsBTC reports, fintech companies have been increasing on a consistent basis, slowly surpassing corporate banks.
2019-4-25 01:38 | |
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Many cryptocurrency proponents envision a world without the traditional banking system. Not Craig Wright though. nChain’s Chief Scientist is of the opinion that Bitcoin “doesn’t stop banking.
2019-4-15 18:00 | |
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There is a high demand for Ripple Inc and similar remittance solutions in the Asia Pacific, with traditional cross-border transaction platforms like Western Union failing to give banks the expansion and other features they seek.
2019-4-13 16:28 | |
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Within the sphere of traditional finance, at least, crypto has a custody problem. The problem? Crypto is complicated, security is tricky and — if we’re being frank — the suits don’t know a bit from a byte (or a blockchain from a cloud server).
2019-4-12 22:03 | |
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Bitcoin prices accumulate above $5,100 Transparency translating to confidence, Bitcoin on the path to $50,000 The transparent nature and increasing oversight on Bitcoin-related transactions mean it hard to launder money via the network.
2019-4-12 21:00 | |
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Similar to traditional financial ecosystem where strict guidelines govern the way new fiat currencies are minted by central banks, the decentralized world of blockchain-based cryptocurrencies have several consensus algorithms (proof-of-work (PoW), proof-of-stake (PoS), delegated-proof-of-stake (DPoS), and others which leverage different principles to mint new coins, secure a distributed ledger and partake in governance.
2019-4-8 17:00 | |
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During what has become the longest bear market to date in cryptocurrency, it’s no surprise that anxious investors are eager to find alternative strategies to continue making gains during the downturn.
2019-4-7 20:30 | |
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Shamir Karkal, co-founder of online banking service Simple, announced the launch of his latest project: Sila. The new blockchain startup offers an API platform that aims to help span the gap between crypto and traditional financial services, by integrating Ethereum based smart contract features into traditional payment processors.
2019-4-4 16:58 | |
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A recent report shows that the fintech industry in Switzerland continues to grow, while traditional financial institutions are reporting a decline
2019-4-2 01:25 | |
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What Is Bankera? Bankera is a full-suite blockchain-based banking replacement developed by cryptocurrency exchange/wallet company SpectroCoin. Bitcoin was hailed as a replacement for traditional banking, but it’s only a currency (and a difficult one to spend).
2019-3-30 16:10 | |
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The Bitcoin bull and bear market cycles are a pattern that produces significant developments — when the market is cold, people tend to focus on building the next wave of groundbreaking technology.
2019-3-29 16:26 | |
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Apple launched a credit card on Monday to a chorus of “so what?” from investors. Apple stock crashed overnight and everyone from CNBC to Huffington Post called it underwhelming. They’re wrong. The Apple credit card is the biggest game-changer in the history of the company.
2019-3-27 15:36 | |
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Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems.
2019-3-23 17:29 | |
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Cryptos will ultimately replace the banks, right? Wrong. At least not according to one executive at JPMorgan Chase. The traditional banking industry is so intertwined with society that it’s practically impossible to uproot, he believes.
2019-3-21 18:24 | |
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Now that the JPM Coin is out, more banks are looking into issuing their own digital tokens. Nevertheless, some players — like Citigroup — are dropping the idea in favor of more traditional remittance methods
2019-3-21 21:12 | |
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Crime isn’t supposed to pay, but sometimes the wages of sin are paid in bitcoin. Last week, Japanese police reported that 2018 saw a tenfold increase of cryptocurrency money laundering.
2019-3-20 16:49 | |
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In early 2017, Mizuho bank, one of the largest and pro-blockchain bank in Japan, experimented on the tech. Set to disrupt traditional set ups, the bank successfully completed a trade transaction sending documents blockchain from.
2019-3-8 16:01 | |
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