Blog

May
20

Bank of England’s chief economist thinks Bitcoin could replace cash

It took bitcoin an 85 percent crash followed by a 135 percent recovery to convince a prominent financial expert about its underlying potential. Andrew G Haldane, the chief economist of the Bank of England, said bitcoin is on its way to replace cash, according to an eyewitness’s account. The 51-year academic made the statement when he was interacting with an audience of students. One of them asked Haldane about his thoughts on the future of cryptocurrencies. Haldane replied that he believed bitcoin, in particular, would become as relevant as cash in the next 20-30 years. “Mr. Haldane said it [bitcoin] could replace cash, he even joked about us likely having […]
DETAIL
May
20

Payments the ‘latest victim of disruption’ – consumers modernising wallets

Afterpay originally launched in 2015 and merged with payments technology company Touchcorp in mid-2017. Afterpay now services more than 3.1 million active users

DETAIL
May
20

Why your bank is set to offer ‘lifestyle services’

Open banking has forced the UK’s big banks to use financial services from other players and to offer lifestyle services such as sourcing mobile phone or energy plans

DETAIL
May
17

Australian FinTech company profile #14 – GBG

GBG offers a series of innovative and intelligent solutions that help organisations quickly validate and verify the identity and location of their customers

DETAIL
May
17

Banks to join forces for blockchain-based settlement project

Several of the world’s largest banks are in the process of investing around US$50 million to create a digital cash system using blockchain technology

DETAIL

From Xero to $1 billion: Aussie tech company’s founder joins global big time

Accounting platform Xero has chalked up its first ever half year profit on the back of strong global growth sparking a sharp shareprice rally.

DETAIL
May
17

The ID Co. secures seed funding for international growth

Global fintech The ID Co. announces it has received $2m seed funding from global technology investor Amadeus Capital Partners, SixThirty and other investors

DETAIL
May
17

RBA warns of ‘lock-out’ risk from rise of phone payments

The Reserve Bank has warned that growth in payments driven by smart phones, watches and other wearable devices must not stifle competition.

DETAIL