FinTech Week in Review: Partnerships, Cryptocurrency, and a Revolution
This week we look at the foundations of the FinTech ecosystem. From a global perspective, we are seeing many approaches to implementing FinTech. Each market has a unique combination of market maturation and the local regulator’s approach, making the next decade an interesting future case study.
What’s the Deal With Cryptocurrency Market Caps?
There’s a discernible pattern in the interesting aspects of blockchain and the extended distributed ledger technologies over the years. We took to Google trends to map this evolution over past five years and the results are fairly interesting:
Crypto-Wallet for Cryptocurrency Adoption and Regulation
The purpose of this article is to highlight the issues of a consumer who wants to invest in digital currencies like bitcoin and how can the regulator achieve the twin objective of a cashless economy and regulating the cryptocurrencies.
Why Cryptocurrency Is a Perfect Vehicle for Crime
Cryptocurrencies seem to be taking a special place in the minds of financial industry professionals as a wide range of cryptocurrencies have reached quite a significant market capitalization and turnover over the past year. Even though cryptocurrencies are undeniably an important part of the ecosystem along with the companies working with them, they have been quite a debatable vehicle for payments due to the poor regulations and high attractiveness for international criminal activities.
22 Bitcoin Companies Allowing Merchants to Accept Payments in Cryptocurrency
DC POS provides a simple, efficient and secure way for customers and merchants to pay with and accept bitcoin over the counter.
Value Chain for Cryptocurrency Companies (Value Chain)
The value chain provides a brief overview of multiple startups providing service in various categories within Cryptocurrency segment.
29 Bitcoin Wallets That Are Supercharging Cryptocurrency
Digital wallets have become so mainstream that a wide range of companies across industries is rushing into the segment. It is quite a controversial topic as digital wallets mostly seem to struggle in the market even though mobile is on the rise. What is paradoxical is that despite the struggle of every other wallet, there still seem to be companies that are confident in the possible success of their solution. Low adoption rate and a highly competitive market are not seen as barriers to entry for tech companies and those in retail.
8 Places to Look for Financial Data for Cryptocurrency Markets
Cryptocurrencies have taken a special place in the minds of financial industry professionals as a wide range of cryptocurrencies have reached quite a significant market capitalization and turnover over the past year.
Breaking News: Bank of America Patent on Cryptocurrency Based Remittances
The US Patent & Trademark Office website revealed that Bank of America had filed a patent on a ‘System and Method for Wire Transfers Using Cryptocurrency’. The post shows that the patent was filed on Mar. 17th, 2014 and published on Sept. 17th, 2015. This explains the relatively low profile BoFA has kept when it came to discussing Bitcoin and cryptocurrencies in public.
What Happened in The Cryptocurrency World in the Last Week?
Formation of a Justice League for Blockchain Technology
First Debit Card to Convert Cryptocurrency into Cash, Cryptex Card to Launch Across More Than 80 Countries
In November 2013, I had discussed the Coin Card – a new hardware that enables users to store all their cards on a single card and manage it with the smartphone through BLE. A pre-order campaign had been planned by Coin for November 15th. The plan was to top out at $50,000. That limit was crossed within barely 40 minutes. The card basically went viral, and opinions from various parts of the industry seemed to point out that maybe consumers are not ready for a mobile wallet yet. In a similar move – and what could be a tremendous boost for the virtual currency – on 8th April 2014, Hong Kong based startup Cryptex launched the Cryptex Card.
19 Bitcoin Remittance Startups That Won’t Let the Cryptocurrency Die
Bitcoin has recently become quite a debatable topic as the opinions are diverse when it comes to the question of whether bitcoin use in terms of security and other risks related to cryptocurrency. There are even some compelling reasons why bitcoin may be dead soon. Despite warning signs, global banks are actively getting into the race of developing their own digital cash. Just yesterday, the news about MUFG coin came out, signifying growing interest from major financial institutions to develop proprietary digital cash alternatives.
Goldman Sachs Introduces Its Own Cryptocurrency SETLcoin and Files Patent for Securities Settlement
Goldman Sachs has filed a patent application with the US Patent & Trademark Office called “Cryptographic Currency For Securities Settlement” for a cryptocurrency called SETLcoin. Paul Walker and Phil J. Venables are listed as the inventors.
Huntercoin is the World’s First Peer to Peer Massively Multiplayer Online Cryptocurrency Game
With the creation of Bitcoin, Satoshi Nakomoto essentially opened up a new stream of innovation. We have seen a number of alternate crypto-currencies or Alt-Coins emerge over the last year – Litecoin, Namecoin, Peercoin, Dodgecoin, Mastercoin and many more. Frankly it was getting suffocating to hear of all those Bitcoin clones. In February 2014 however, a very interesting and innovative new P2P crypto currency was introduced – Huntercoin.
Lead developer of colored coins software and colored coins protocol; implemented the first colored coins client wallet. Cryptocurrency researcher.