Is Blockchain the Future of Fin-Tech?

  • Here are a few reasons why the Blockchain technology could really be the future of Financial Technology (FinTech): – – Part of the reason why the Blockchain technology is considered innovative is its ability to completely diminish the need for a central management system or a central authority.
  • However, more and more companies and institutions are realizing the true potentials of the Blockchain technology, which goes beyond the application of currencies.
  • Many Blockchain projects are helping people around the world to easily utilize and integrate the Blockchain technology into their existing financial data-keeping and data-recording systems.
  • Financial applications such as Bitcoin on the Blockchain technology simply diminishes the need for a physical bank around to open a bank account and send or receive money.
  • Although it is true that the technology is still in its early beta stages with limited use cases within the Cryptocurrency industry, many projects are being introduced to help expand the use of this innovative technology.

The ever-increasing popularity of Cryptocurrencies has also helped shed light on what is known as the Blockchain technology. It is what helps decentraliz…
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Is Blockchain the Future of Fin-Tech?

Proof Suite might no longer be as much of a secret.  @HuffPost

  • Here are a few reasons why the Blockchain technology could really be the future of Financial Technology (FinTech): – – Part of the reason why the Blockchain technology is considered innovative is its ability to completely diminish the need for a central management system or a central authority.
  • However, more and more companies and institutions are realizing the true potentials of the Blockchain technology, which goes beyond the application of currencies.
  • Many Blockchain projects are helping people around the world to easily utilize and integrate the Blockchain technology into their existing financial data-keeping and data-recording systems.
  • Financial applications such as Bitcoin on the Blockchain technology simply diminishes the need for a physical bank around to open a bank account and send or receive money.
  • Although it is true that the technology is still in its early beta stages with limited use cases within the Cryptocurrency industry, many projects are being introduced to help expand the use of this innovative technology.

The ever-increasing popularity of Cryptocurrencies has also helped shed light on what is known as the Blockchain technology. It is what helps decentraliz…
Continue reading “Is Blockchain the Future of Fin-Tech?”

Blockchain Capital founder: Jamie Dimon is a hypocrite about bitcoin

  • JPMorgan CEO Jamie Dimon has been publicly dismissive of bitcoin, calling it a “fraud” that will not survive.
  • “It’s just not a real thing, eventually it will be closed,” Dimon said at the Delivering Alpha conference in September presented by CNBC and Institutional Investor.

“It is not a Ponzi scheme. It’s a robust technology that is going to impact multiple industries,” says Bart Stephens, co-founder of Blockchain Capital.

Continue reading “Blockchain Capital founder: Jamie Dimon is a hypocrite about bitcoin”

Blockchain Capital founder: Jamie Dimon is a hypocrite about bitcoin

  • JPMorgan CEO Jamie Dimon has been publicly dismissive of bitcoin, calling it a “fraud” that will not survive.
  • “It’s just not a real thing, eventually it will be closed,” Dimon said at the Delivering Alpha conference in September presented by CNBC and Institutional Investor.

“It is not a Ponzi scheme. It’s a robust technology that is going to impact multiple industries,” says Bart Stephens, co-founder of Blockchain Capital.

Continue reading “Blockchain Capital founder: Jamie Dimon is a hypocrite about bitcoin”

How Blockchain Can Disrupt the Payments Industry? Will it Be the End of PayPal?

  • In an effort to re-instill trust in payment transactions, world’s first Blockchain solution UTRUST aims to bridge the gap between consumer and seller trust online.
  • In fact, UTRUST hopes to implement the world’s first cryptocurrency consumer protections into its platform to ensure that the consumer protection are in place especially for transactions usually plagued with fraud such as traditional online purchases, acting as a mediator, resolver of conflicts, enabling the possibility of refunds to mitigate risks and fraud, while shielding the merchant from cryptocurrency market volatility.
  • In its partnership Swiss Blockchain incubator, Crypto Valley, the company aims to champion online trust and implement consumer protections on a mass scale, building up a global payment system that is very similar to that of PayPal but benefiting from Blockchain endless advantages.
  • Backed with their experience in fintech and Blockchain, the Switzerland-based company has created a new way of online payment where people can trade in cryptocurrencies ensuring that every transaction is secure for everyone involved by providing innovative purchase protection mechanisms in place.
  • UTRUST and Crypto Valley agrees in one mission, and that is to ensure the interest of both the consumer and merchants’ by creating a secure cryptocurrency platform.

Around 1.2 million dollars worth of online business transactions are done every half a minute, according to AdWeek. Out of those transactions, retailers …
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Future Prospects Of Blockchain You May Not Know

  • The glorious revolution that the blockchain and cryptocurrency are affecting on our day to day activities will make one wonder the future effect of cryptocurrencies and blockchain.
  • The Opakeco Foundation, a new blockchain venture with a vision of the world where humanitarian causes are fully transparent and held accountable, has deemed it possible to achieve humanitarian transparency using blockchain technology and smart contracts.
  • The ICO for the charity blockchain, which was launched on the 21 September, 2017 is making big progress.
  • Other Areas Where Blockchain Will Function

    Supply chain and management, ride sharing, education, voting among others are going to be shocked by blockchain.

  • The blockchain is a revolution that may become the future of the internet, with many prospects and incoming development, it is a future driver of the world’s economy.

The glorious revolution that the blockchain and cryptocurrency are affecting on our day to day activities will make one wonder the future effect of crypt…
Continue reading “Future Prospects Of Blockchain You May Not Know”

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…
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