Explainer: What is Ripple?
Not just a poor man’s Bitcoin, the currency exchange network Ripple is the dark horse of fintech. Ripple is far more than simply a “poor man’s Bitcoin”. Despite the host of cryptocurrency copycats on the market right now, Ripple isn’t simply copying the status quo. This currency exchange and remittance network actually has a lot more complexity to it than first meets the eye. To help you wrap your head around Ripple, we’ve compiled a comprehensive guide to fintech’s most exciting cryptocurrency. Read on to find out everything you need to know about the enigmatic currency exchange service. What is Ripple? Ripple, the successor to Ripplepay, was released in 2012 as […]
Fintech Zip has hit cash flow break-even, its shares slip
Australian fintech Zip — the owner of the zipPay, zipMoney and Pocketbook brands — has hit cash flow break even right on target. In a business update, digital retail finance and payments player says revenue for the fourth quarter was $13.2 million, up 136% on the same three months last year. And Zip hit positive underlying cash from operating activities, after bad debt write-offs, of $700,000. However, Zip’s share price fell up to 3% in early trade. At the close, the shares were down 1% to $1.00. ZipMoney operates a “buy now, pay later, no interest” service and uses artificial intelligence and big data technologies to drive a credit and […]
Price prediction trend for Bitcoin in 2018, 2020 and 2025
If you ever tried to understand the workings of the cryptocurrency domain, you would surely understand that these currencies are highly volatile with chances of going way up or down in prices. However, there have been many successful predictions when it comes to the rise in Bitcoin trend. The current growth pattern for Bitcoin has been known to be steady between March as well as May in 2018. The prediction of price for Bitcoin is determined with elements such as supply-demand patterns, human psychology, and price charts. Let’s understand the turn Bitcoin is supposed to take for the years 2018, 2020, as well as 2025. Utility for Bitcoin Bitcoin is […]
What is the Blockchain? The Plain English version
By Bill Hess, Founder of Pixel Privacy. The word blockchain is on everyone’s lips right now. Although you might not really understand what “blockchain” means, chances are you’ve heard people talk about it (a lot). Some people believe it will change our world for the better, and it will replace the banks that we currently know – or similar extravagant things. Although the blockchain came to the general public’s attention when the crypto market absolutely exploded, the majority of the people still don’t understand how it works, what it’s used for or what all the fuss is about. In this guide, I’ll answer all of your questions in regards […]
Hub24 to launch new core offering
Platform provider Hub24 will launch a new core offering for clients with lower average balances, offering a “limited investment menu” to users. In a statement, Hub24 announced it will be launching its core offering within its investor directed portfolio service (IDPS) and super products, saying the launch will “provide an entry point for clients with lower than average account balances”. “This new offer will provide access to a limited investment menu, typically a range of diversified managed portfolios from third-party providers, often at a lower administration fee than the more comprehensive platform,” the statement said. “There has been significant interest in this type of offer, which is expected to increase […]
Afterpay surges 20pc after earnings increase
Shares in Afterpay Touch gained as much as 20 per cent after the company said underlying sales has increased by almost 40 per cent to $736 million over the quarter. The buy now, pay later payments provider said group revenue for the 2018 financial year would be around $142 million while earnings before interest, tax depreciation and amortisation was forecast to be around $33 million to $34 million. Afterpay, which allows millennial consumers to pay for goods in instalments by charging merchants, said that $2.18 billion of underlying sales had been processed through its payment platform during the 2018 financial year. That is almost a threefold increase from the prior […]
Small and mighty: Meet the challenger banks nipping at the heels of the big four
A slew of challenger banks are poised to burst onto the Australian finance scene, in a bid to take on the big four, and change the way that Aussies think about banking. Typically offering cloud-based banking services without a bricks-and-mortar branch in sight, these so-called ‘neobanks’ say they will provide a more personal banking service, designed to be more in line with what modern bank customers want, whether that’s near real-time updates on spending and saving, or personalised lending for small business customers. Who are the challengers? They’re all still awaiting banking licences, but there are four major challenger banks coming out of Australia, at varying stages of readiness. They […]
Joust taps new Australian crowdfunding rules in bid to raise $2 million
Joust, an Adelaide based fintech that brings competitive tension to the home loan market by linking borrowers directly with over 20 lenders who compete against each other in real-time, has launched an equity crowdfunding campaign to raise $2 million. The Joust platform brings disruption to the $1.7 trillion home loan mortgage market where $2 billion in fees are paid to mortgage brokers annually. Described as a “consumer hero” fintech company – as Joust places the power back in consumers’ hands – Joust uses technology to provide transparency, competitive tension and superior customer outcomes to the home loan market. Key points: • Aiming to disrupt the mortgage broker channel under siege […]
