Currency

Jul
19

Mastercard tries to make paying with virtual coins easier

Mastercard has landed a US patent for a payment system that would make it easier for people to quickly and securely settle transactions with cryptocurrencies. First reported by Coindesk, Mastercard said its proposed method would mean the payee assumed less risk in a cryptocurrency transaction, which could result in a higher acceptance of virtual coins […]

By Reposted by Australian FinTech | Bitcoin . Blockchain . Currency . FinTech . Payments
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Jul
10

Credit cards on the decline as Visa says we have passed ‘peak plastic’

Australia has reached “peak plastic” and credit card transactions will now start to decline, as people increasingly adopt mobile and wearable payment technologies, according to the new country manager of Visa. In his first interview since becoming the head of Australia, New Zealand and the South Pacific at Visa in January, former local head of […]

By Reposted by Australian FinTech | Banking . Currency . FinTech . Payments
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Jul
09

Should The Reserve Bank of Australia Issue a Digital Currency?

During a recent Australian Business Economists forum, the Head of Payments Policy Department for the Reserve Bank of Australia, Tony Richards, had a lot to share on cryptocurrencies and distributed ledger technology in the Reserve Bank’s perspective. Of particular interest was whether the bank might consider issuing a digital version of the Australian Dollar. According […]

By Reposted by Australian FinTech | Banking . Bitcoin . Currency . FinTech
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Jul
09

Australia’s plans to embrace cryptocurrencies through progressive laws

When cryptocurrencies were designed, the idea of the government or its financial institutions meddling into the affairs of the digital currency were not envisioned. Indeed, cryptocurrencies like Bitcoin were designed to give users the freedom to transact without central regulation. It was probably not anticipated that these currencies would gain so much interest around the […]

By Cameron Dart | Bitcoin . Currency . FinTech
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Jul
04

Beware of digital pickpockets: How to secure cryptographic keys

The Australian financial market is being increasingly disrupted by Fintech. The number of fintech startups in Australia had increased from less than 100 in 2014 to almost 600 in 2017. Banks are having to respond to digital disruption quickly and sometimes without warning or adequate preparation. The rise of cryptocurrency is already challenging banks with […]

By Reposted by Australian FinTech | Bitcoin . Currency . FinTech
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Jul
04

Independent Reserve launches Ripple

Independent Reserve, the Australian digital currency exchange, will commence trading in Ripple (XRP) on 7 July, 2018. All XRP trades will be discounted to 0.1% for the first two weeks. XRP is the third largest digital currency by market cap after Bitcoin and Ether. Developed by Ripple Labs, the protocol and currency were designed with […]

By Australian FinTech | Currency . FinTech
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Jul
03

The cryptic message that has the bitcoin community buzzing

Is the unknown creator of Bitcoin writing a book about it? That could be concluded from a cryptic message posted Friday at a website possibly linked to Satoshi Nakamoto, the pseudonym used by the person or people who released the original Bitcoin white paper in 2008. The site details the “first excerpt to a literary […]

By Reposted by Australian FinTech | Bitcoin . Currency . FinTech . Investing
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Jul
03

Airwallex in the money with $108m raise

Melbourne-based fintech start-up Airwallex has closed the second-largest fundraising round in Australian start-up history, taking in $US80 million ($108 million) for a Series B round led by Chinese conglomerate Tencent Holdings, alongside Sequoia Capital China and Melbourne’s Square Peg Capital. The company, which was founded by five Chinese-Australian 30-somethings, has built a system to enable […]

By Reposted by Australian FinTech | Currency . FinTech . Investing . Venture Capital
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