‘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”

‘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”