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.
A guide to Ripple wallets
Ripple (XRP) is a decentralized real-time gross settlement system (RTGS), remittance network, and currency exchange. It was created as a distributed open source protocol by Ripple Labs Inc., a US-based technology firm. Ripple (XRP) was initially derived from RipplePay, back in 2004, a platform that had plans to grow into the current Ripple services, long before Bitcoin had emerged. It was rebranded and co-founded by Jed McCaleb, a prominent industry figure who later founded Stellar Lumens, another equally popular remittance platform based on blockchain technology. Its platform supports tokens representing cryptocurrency, fiat currency, commodities and even other units of value such as frequent flier miles and mobile minutes. Although XRP […]
Cryptocurrency is radical but who does the radicalism benefit?
“Free speech” is one of the battle cries of far-right activists who target democratic consensus and seek to divide the public. Alt-right agitators and trolls embrace the cry of “freedom” even as they take actions that fundamentally corrode Western unity, credibility and morale. Claiming “freedom” in fact makes it hard for defenders of the rules-based nations to identify the threat to public order posed by partisans on private-sector digital platforms. So it is somewhat alarming to see a similar dynamic – the cry of “freedom” – play out in another sphere, that of currency and payments. Right now, terminology being embraced in the world of cryptocurrency places the technology in […]
HSBC used blockchain to settle $250B worth of trades
HSBC has settled $250 billion worth of forex trades using blockchain in the last year, it said on Monday, suggesting the heavily hyped technology is gaining traction in a sector until now hesitant to embrace it. The bank has settled over three million forex trades and made over 150,000 payments since February using blockchain, it said in a statement. HSBC would not give data on forex trades settled by traditional processes, saying only that those settled by blockchain represented a “small” proportion. Still, the data marks a significant milestone in the use of blockchain by mainstream finance, which has until now been reluctant to start using the technology at any […]
