A lot many of my colleagues are presenting the argument that Cash is Evil. Cash is Dead. Cash is a Menace to Society. I beg to disagree. Whilst I do agree the obsolescence factor has come into play, one can hardly call it game over. Cash is not evil. It has been made evil, because […]
Unrestrained by national interests, unaffected by global events, cryptocurrency offers a financial resource that offers much in the way of benefits for the future. According to futurists, those experts who look forward and make judgments based on how they see society evolving, cryptocurrency will replace all other forms of currency by 2030. Yet the question […]
I’m fascinated by history (hated the subject when I was in school). It is no surprise, that as I learn more about banking and money, one cannot help but be fascinated with paper money or currency notes. The idea and invention of paper money has, for a long time, been one of the most interesting […]
While developing markets like Kenya have embraced mobile payments and wallets, countries like the US, the UK, Canada, France and Germany seem to be much more reluctant to do so. According to an annual Kantar TNS study, only a minority of internet users surveyed in countries like the US, the UK, Canada, France and Germany […]
When governments fail to come up with solutions, courts often have to step in to provide guidance. A petition seeking the government to act on Bitcoin has landed in India’s Supreme Court. The case is likely to come up for hearing in January 2018. Source: Bitcoin & co: India’s crypto-currency debate heads to the courts, […]
James Henry Lau, Hong Kong’s Secretary for Financial Services and the Treasury, said the country is developing a blockchain-based system for trade finance. Government official says decentralized encryption technology will help cut labor and time costs while facilitating ‘Belt and Road’ Source: Hong Kong Considers Blockchain-Based Trade-Financing System – Caixin Global
After Pakistan and some other countries, India decides it doesn’t like Bitcoin. …director of the Reserve Bank of India (RBI) has signalled that virtual currencies like bitcoin won’t be allowed in the country. “Our current position on bitcoins is that we will not be using it for any payments and settlements…though the technology underlying crypto-currencies […]
Amazon already provides some lending for small- and medium-sized companies and is widely expected to offer more financial services in the future. The tech giant’s mammoth cloud-computing business is reshaping how the financial industry works. Source: Amazon’s AWS cloud business is reshaping how the financial services industry works — Quartz
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 […]
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 […]