‘Blockchain technology will change the world’: Fidelity Labs SVP

  • Stern is responsible for running Fidelity’s bitcoin, blockchain and digital currency incubator.
  • And regardless of whether bitcoin will survive, it could be like the Napster of blockchain technology, Stern said, where it is the first of its kind but the next products, in this case Spotify and Apple Music, get better and better.
  • “I do think [cryptocurrencies] will make things, whether it’s bitcoin or something else, faster and cheaper and create new products and services that we can’t even imagine,” Stern said.
  • While some critics are skeptical of how bitcoin is used, Stern said that banning the cryptocurrency would be like banning the web or open internet protocols.
  • Stern did emphasize though that Fidelity’s move does not mean their clients can make bitcoin transactions through their corporation, saying “we’re not necessarily making a judgment on bitcoin.”

“Blockchain technology will change the world” and bitcoin is “here to stay,” according to the man behind Fidelity’s research into cryptocurrencies.
Continue reading “‘Blockchain technology will change the world’: Fidelity Labs SVP”

‘Blockchain technology will change the world’: Fidelity Labs SVP

'#Blockchain technology will change the world': Fidelity Labs SVP

  • Stern is responsible for running Fidelity’s bitcoin, blockchain and digital currency incubator.
  • And regardless of whether bitcoin will survive, it could be like the Napster of blockchain technology, Stern said, where it is the first of its kind but the next products, in this case Spotify and Apple Music, get better and better.
  • “I do think [cryptocurrencies] will make things, whether it’s bitcoin or something else, faster and cheaper and create new products and services that we can’t even imagine,” Stern said.
  • While some critics are skeptical of how bitcoin is used, Stern said that banning the cryptocurrency would be like banning the web or open internet protocols.
  • Stern did emphasize though that Fidelity’s move does not mean their clients can make bitcoin transactions through their corporation, saying “we’re not necessarily making a judgment on bitcoin.”

“Blockchain technology will change the world” and bitcoin is “here to stay,” according to the man behind Fidelity’s research into cryptocurrencies.
Continue reading “‘Blockchain technology will change the world’: Fidelity Labs SVP”

Fidelity, the $2.3 trillion investment giant, is testing out a new cryptocurrency service

  • The $2.3 trillion investor announced on Wednesday a partnership between its Fidelity Labs, the firm’s innovation center, and Coinbase, the cryptocurrency exchange serving nearly 9 million customers.
  • As part of the partnership, Coinbase users will be able to view their bitcoin, ethereum, and litecoin holdings alongside their other accounts in their Fidelity Portfolio.
  • “We are trying to create the best customer experience,” Hadley Stern, managing director at Fidelity Labs, told Business Insider.
  • Donations made in bitcoin to Fidelity Charitable, a $16 billion donor-advised philanthropic fund, grew to about $9 million in the first half of 2017.
  • Fidelity’s CEO Abigail Johnson is a bitcoin enthusiast.

Fidelity is testing out a new service to help make life easier for its clients who invest in…
Continue reading “Fidelity, the $2.3 trillion investment giant, is testing out a new cryptocurrency service”

Wells Fargo robo-adviser to target young, first-time investors

  • NEW YORK (Reuters) – Wells Fargo & Co’s wealth management business said on Tuesday it would launch its new robo-adviser Intuitive Investor later this year in a bid to develop a new revenue stream from existing Millennial customers who may be looking to open their first investment account in a crowded online market.
  • Devon McConnell, Wells Fargo Advisors’ head of digital and direct investing, said the digital advice platform, which will initially be rolled out to employees in the first half of 2017, would be marketed to Wells Fargo customers who have savings and are comfortable taking big life steps online.
  • Wells Fargo is the latest Wall Street brokerage to join the robo-adviser party following competitor Bank of America Corp, which launched its Merrill Edge Guided Investing earlier this month, and independent firm Raymond James Financial Inc, which debuted its Connected Advisor in January.
  • Wells Fargo Advisors announced last year that it was partnering with technology firm SigFig to create its digital offering, and a pilot version of Intuitive Investor will be rolled out to Wells Fargo employees in the first half of this year.
  • McConnell said Wells Fargo Advisors’ partnership with SigFig involved engineers from both firms collaborating to create software that worked with the bank’s broader systems.

Wells Fargo & Co’s wealth management business said on Tuesday it would launch its new robo-adviser Intuitive Investor later this year in a bid to develop a new revenue stream from existing Millennial customers who may be looking to open their first investment account in a crowded online market.
Continue reading “Wells Fargo robo-adviser to target young, first-time investors”

JP Morgan Expects Independent Scotland, New Currency, Bolstering Scotcoin’s Rise

  • JP Morgan Expects Independent Scotland, New Currency, Bolstering Scotcoin’s Rise
  • JP Morgan expects Scotland to split from Britain and establish its own currency.
  • Willie Fleming, director of the Scotcoin Project, an organization meant to promote and disseminate the cryptocurrency Scotcoin to the people of Scotland, concurs with JP Morgan’s stance on a successful independence referendum happening in the near future.
  • You’ll get 2000 satoshi for each new reader at the first 2 hours after article publishing and 1000 satoshi after this.
  • “The question of fiat currency is more complex and much will depend upon the relative performance of the pound and euro over the next few months.

Read the full article, click here.


@NextLevelFlash: “#Read – “JP Morgan Expects Independent Scotland, New Currency, Bolstering Scotcoin’s Rise” #Bitcoin #New #BTC #Upd…”


JP Morgan expects Scotland to split from Britain and establish its own currency. Could Scotcoin, the Scottish cryptocurrency, rise to the top?


JP Morgan Expects Independent Scotland, New Currency, Bolstering Scotcoin’s Rise

JP Morgan Expects Independent Scotland, New Currency, Bolstering Scotcoin’s Rise

JP Morgan Expects Independent #Scotland, New #Currency, Bolstering #Scotcoin’s Rise

  • JP Morgan Expects Independent Scotland, New Currency, Bolstering Scotcoin’s Rise
  • JP Morgan expects Scotland to split from Britain and establish its own currency.
  • Willie Fleming, director of the Scotcoin Project, an organization meant to promote and disseminate the cryptocurrency Scotcoin to the people of Scotland, concurs with JP Morgan’s stance on a successful independence referendum happening in the near future.
  • You’ll get 2000 satoshi for each new reader at the first 2 hours after article publishing and 1000 satoshi after this.
  • “The question of fiat currency is more complex and much will depend upon the relative performance of the pound and euro over the next few months.

Read the full article, click here.


@CoinTelegraph: “JP Morgan Expects Independent #Scotland, New #Currency, Bolstering #Scotcoin’s Rise”


JP Morgan expects Scotland to split from Britain and establish its own currency. Could Scotcoin, the Scottish cryptocurrency, rise to the top?


JP Morgan Expects Independent Scotland, New Currency, Bolstering Scotcoin’s Rise