The international payment services firm PayPal revealed its intentions for the blockchain technology space, after it was discovered in an SEC file that it had invested a million in the Startup Cambridge Blockchain, a technology company of the chain of blocks. Cambridge Blockchain CEO Matthew Commons said about the development:…
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Brad Garlinghouse is one of the most famous faces in the world of cryptocurrencies and blockchain. He is the CEO of Ripple, which developed XRP, the world’s third largest cryptocurrency. At the Fintech Ideas Festival, Garlinghouse talks with the CEO of PayPal about the future of cryptocurrencies. To the question…
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The coordinator of the central banks, the International Bank for International Settlements (BIS, in its acronym in English) warns that the incorporation of major technologies such as Alibaba, Amazon, Facebook, Google and Tencent to financial services such as payments, savings and credit poses risks such as the emergence of dominant…
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Neobanks are hitting hard. They promise a better user experience than traditional banks adapting a very old business to modern times much more quickly than the typical mastodons we know. The principles in which these banks operate are based on three pillars. First, the new banking users do not want…
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Technological giants such as Alibaba, Amazon, Facebook and Google could become dominant participants in financial services of payments, savings and funding, if global joint work is not done among regulators, supervisors and legislators, warned the Bank for International Settlements (BIS, by its acronym in English). “It is imperative that global…
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Najera also explained in her participation in the IMC that “until very recently it was very difficult to think of an economy without cash and yet, the disruption is coming to the world of people who use physical money.” He gave an example to China, a country where for 5…
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Real estate projects are driving the market for swarm financing in Germany. The total volume increases by 50 percent to nearly 300 million euros. More money from the swarm Compared to 2017, the German crowd investment market has risen by 50 percent last year. This is the result of a…
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Binance wants to list the Libra cryptocurrency of Facebook when it is published. In a series of interviews this week with industry media, Binance’s chief strategist, Gin Chao, revealed that the main exchange of cryptocurrencies was in the initial conversations with the leading social media platform in the hope of…
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The Swiss financial technology company Amun AG has launched a new product traded on the leading Swiss stock exchange, SEX. Which will track the prices of ten basic digital assets. As detailed in the press release issued by Bitwise Asset Management, the new ETP will be compared to the cryptocurrency…
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Traditional banking and technology based financial companies commonly referred to as fintech maintain a war that seems to have no end. The camera that groups these companies, where Mercado Pago stands out, came out to respond with harsh criticism from the banks, who have been insisting for some time now…
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