JPMorgan Chase to create digital coin using blockchain
JPMorgan Chase plans to launch its own digital coin, called “JPM Coin”, that customers will be able to use for instant transfer of payments over a blockchain network. The largest US bank by assets said customers, on depositing money at the bank, will be issued the cryptocurrency that can be used for transactions over the network with other JPMorgan clients. The coin can be redeemed for a US dollar, so its value will largely remain stable, the bank said. When one client sends money to another over the blockchain, JPM Coins are transferred and instantaneously redeemed for the equivalent amount of US dollars, reducing the typical settlement time, the bank […]
Has Bitcoin entered a new normal?
Bitcoin has been experiencing low volatility recently, which could fuel greater adoption by enabling the cryptocurrency’s use as a medium of exchange. As for whether this will actually materialize, analysts have offered mixed views. Nigel Green, founder and CEO of independent financial consultancy deVere Group, forecasted that bitcoin’s modest price fluctuations will probably prompt greater use of the digital currency. While the digital currency’s price fluctuations have been “relatively modest” as of late, “volatility will return again,” he predicted. “However, there is a growing sense that crypto sector will have less extreme swings moving forward,” emphasized Green. “This is likely to further drive mass adoption.” To read more, please click on the link below… […]
Why business enterprise should start accepting cryptocurrency as payments
Payments for products and services is something that has been going on since the beginning of humankind. The main change has been how it has been established. From changing to cryptographic forms of money, strategies for payment have changed drastically all through human history, and we are in the middle another rush of change. Many will feel that digital forms of money are the catalyst for the new payment revolution, yet those indicators are presumably losing track of the main issue at hand. Even though crypto works for new and different payment strategies, it is early compared with the latest trend. Cryptographic forms of money are fast in rising as […]
Is Ripple too far ahead of its time?
As Swift and Ripple vie for the future of cross-border payments, an article published in American Banker has shed some light onto the obstacles facing both brands. At the same time, Swift has taken a step towards blockchain by linking its payments standard – GPI, or Global Payments Innovation – to R3’s Corda blockchain. It’s likely to be a winner-takes-all market because getting everyone onto the same network is crucial for getting the most out of the technology. As such, now might be a pivotal time for Ripple. The uptake numbers are sitting in Swift GPI’s favour though. Swift says more than 450 banks, which handle over 80% of international […]
Twitter founder Jack Dorsey: Crypto will deliver a global currency
Jack Dorsey has a lot of thoughts and plans for cryptocurrency. In a February 2 interview with Joe Rogan, the Twitter founder and CEO had a lot to say about the topic. In a wide-ranging interview that covers topics of censorship, app development, politics and other topics, Rogan steered the conversation towards Dorsey’s Cash App, which allows users to buy and sell Bitcoin Core (BTC). Rogan asked why Dorsey’s team introduced cryptocurrency exchanges in the app. Quite simply, Dorsey believes in a future of one global currency, if it is or isn’t BTC, and that starts in small steps. He said: “I believe the Internet will have a native currency […]
First Growth Funds to emerge as force in crypto and digital assets investment
Diversified investment company, First Growth Funds (ASX:FGF), generated $160,584 in new income in the December quarter, with over half of new revenue generated from fees. The make up of new revenue breaks down as $86,000 in fees, $26,000 in dividends and interest and the balance in trading revenue. The numbers are indicative of First Growth Funds’ steady growth, along with its strict fiscal policy and its cryptocurrency and digital asset investment strategy. FGF invests across a broad range of asset classes and industry verticals, and is the only ASX-listed company that invests in the crypto and digital assets sector. The company leads the field in Australia with regard to crypto […]
What will new tech mean for crypto in 2019?
Ten years on from the emergence of Bitcoin, there is no doubt that crypto and blockchain technology have made a massive impact. However, many forward-thinking observers still believe that digital tokens and the processes behind them have a long way to go. New systems and ways of doing things are emerging all the time, and this year, there are plenty of developments on the cusp of debuting online. A greater public awareness and more widespread adoption is on the cards, with the world of established financial institutions continuing to make moves and government-level discussions about the future of crypto also taking place. With many insiders predicting a wide range of […]
International payment transfer provider FlashFX enhances additional customer on-boarding security
FlashFX is an international money payment service that can transfer to 35 countries across 18 currencies securely, quickly and with no transaction fees.
