Month: October 2017

Banking Meets Blockchain

Monaize, an e-banking platform for freelancers and small businesses and Komodo, a top 30 cryptocurrency project met at Money 20/20 in June 2017 and forged a partnership. Their joint vision is to bridge banking Blockchain and help cryptocurrencies achieve mainstream adoption. Source: Banking Meets Blockchain

Bitcoin Businesses Refused Accounts as UK Banks Consolidate Power 

Because of its disruptive nature, Bitcoin and other cryptocurrencies sit very uneasily with the traditional banking sector as there is a fear the digital currency could render them obsolete. The UK boasts about its relative dominance in the fintech sector, but its own banks are making life difficult for the country’s bitcoin businesses. Source: Bitcoin …

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Chinese Search Giant Baidu Joins Hyperledger Blockchain Consortium – CoinDesk

The Hyperledger blockchain consortium already has members like Accenture, IBM, Cisco and JP Morgan. Baidu is hoping the membership will help them provide better search functionality to users. Chinese search engine giant Baidu has become the latest premier member of the Linux Foundation-led Hyperledger blockchain consortium. Source: Chinese Search Giant Baidu Joins Hyperledger Blockchain Consortium …

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Tezos Raised $232 Million in a Hot Coin Offering, Then a Fight Broke Out – WSJ

Sales of digital tokens like Tezos coins have concerned regulators and become a sign for some investors of a bubble in the cryptocurrency world. One of the year’s biggest initial coin offerings, a $232 million token sale by Tezos, is embroiled in a management fight that is threatening the deal and highlighting the risks in this red-hot …

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Fintech’s Achilles heel: Reaching low-income consumers | American Banker

Fintech firms have helped change our understanding of what is possible in financial services. However, the fintech revolution has largely ignored the financial needs of the bottom third of the U.S. population. Why is fintech failing to address the needs of such a large swath of the market? While fintech companies have helped change our …

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