CoinJar exchange lists Zcash (ZEC) offering world first ZEC/AUD order book
CoinJar has expanded its offering by listing Zcash (ZEC) in its portfolio, meaning that for the first time in Australia, cryptocurrency traders and investors will have access to a ZEC/AUD trading pair using an order-book through CoinJar Exchange. Zcash (ZEC) is a leading privacy coin and will be listed alongside Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP). Traders and investors can hedge their ZEC holdings against major fiat pairings including Australian Dollars (AUD), Great British Pounds (GBP), Euros (EUR) and US Dollars (USD) to temporarily protect their portfolio from price fluctuations. CoinJar customers will now be able to send and receive Zcash with their CoinJar wallet, pay bills […]
Successfully testing a new e-Invoicing approach with Small Business and Government
Link4 recently took part in an e-Invoicing pilot to test and demonstrate how small and medium businesses could instantly send their invoices to the NSW Government through e-Invoicing. The pilot was conducted with the NSW Department of Finance, Services and Innovation which partnered with one of its suppliers, TeleResult, to test e-Invoicing as a solution for streamlining the receiving of invoices. Brian Stevens, Practice Director, TeleResult enjoyed being able to instantly invoice the Department during the pilot and could see the value of implementing this invoicing system with other clients. “This could take all of the questions regarding invoice delivery and invoice processing status away,” said Mr Stevens after the […]
Could Bitcoin replace Credit Cards?
Growing competition in the retail sector – and the possibility that the digital currency could help merchants lower transaction fees that cut into profit margins — could induce them to replace credit cards with Bitcoin. “From a merchant perspective, Bitcoin has the advantage of not having large fees from credit card companies that cut into profits,” writes Ian DeMartino, in The Bitcoin Guidebook: How To Obtain, Invest, And Spend The World’s First Decentralized Cryptocurrency. “Credit card companies typically charge between three to four percent for each transaction, a fee the merchants normally take on themselves. For merchants with small profit margins, that fee could be up half or more of […]
Record payday for EML teases bigger year ahead
EML Payments (ASX: EML) had a big year in FY18 and the company has no plans to slow it down anytime soon. The payments solution provider posted a record year of earnings in FY18, up 43 per cent to $20.8 million. Revenue also increased to $71 million, up 23 per cent, and the company recorded a net profit of $4.83 million, up by a staggering 200 per cent on FY17. While these results speak to the company’s achievements in FY18, EML Payments’ recent acquisitions and new international partnerships could suggest an even more impressive financial year is on the horizon. The company recently acquired 100 per cent of Presend, a […]
After CBA scandal, Australia’s regtech sector is ready for take-off
The local regtech scene is ready for take-off. There were two indications last week that regulatory technology’s engines are revving up. One was the corporate regulator securing an extra $6 million in funding from the federal government to market Australia as a global centre of regtech excellence. The Australian Securities and Investments Commission chairman James Shipton is on board with the potential for new technology to help regulated entities meet their complex legal obligations. The second was the filing of a prospectus by a promising Sydney-based regtech start-up known as Identitii. Based in a terrace house in Potts Point, Identitii plans to list on the ASX in September, with the […]
Crowd2Fund reduces default rate using AI
Artificial Intelligence (AI) has helped peer-to-peer platform Crowd2Fund improve its loan recovery rate, according to newly-released figures. Crowd2Fund has seen its default rate drop from 1.42 per cent in June to just 1.04 per cent in July after implementing the AI software from Australian fintech firm InDebted. “It is an amazing piece of technology and completely revolutionises debt recovery,” said Chris Hancock, chief executive of Crowd2Fund. “There is always a great need to competently manage all loans on our platform to ensure that businesses are upholding their obligations to the investors. “This software has allowed us to improve our already stringent recoveries process, and we have seen more timely repayments […]
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 […]
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 […]
