Fortune convened some top cryptocurrency entrepreneurs, venture capitalists, bankers, and others to chat about the future of digital money at Fortune’s Brainstorm Tech conference in Aspen, Colo. last week. A select group met at the Aspen Institute for a breakfast roundtable discussion on Wednesday morning.
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Wells Fargo has started an initiative to cut expenses by $2 billion by the end of 2019 and that is done partially by eliminating 450 branches across the country. They originally operated the largest branch network in the United States, with almost 6,000 locations.
Meanwhile, mobile payment apps are being adopted in smaller numbers
People are raising hundreds of millions selling digital coins online — it’s either the future of funding or a ‘bubble’
LONDON – Startups around the world are raising hundreds of millions of dollars by issuing new digital coins, a trend that has made people both excited and concerned.
Female investors earned higher returns and saved more of their pay to fund retirement accounts than men, even though most women didn’t think they would, according to a recently released Women and Money Survey from Fidelity Investments.
“Code is law,” as described in Lawrence Lessig’s book ‘Code and Other Laws of Cyberspace’, refers to the idea that computer code has progressively established itself as a predominant way to regulate behavior to the same degree as legal code. With the advent of blockchain technology, code is assuming an even stronger role in regulating […]
The Milan-London startup connection is getting stronger. After MoneyFarm and Soundreef, yet another promising Italian startup, Euklid, is opening up shop in the UK capital, moving its headquarters to be part of the city’s vibrant ecosystem.
Venezuela’s currency has lost so much of its value that people have given up on counting the notes—they just weigh piles of cash. So far this year, the bolívar has lost nearly half its value compared to the dollar, while inflation has shot up as much as 15 times. That’s according to best estimates, since official […]
There are numerous researches indicating virtual and augmented reality market to grow in exponential rates. A recent report by Citigroup is taking this even further. The analysis unit of the investment group, Citi GPS claims virtual and augmented reality technology can be a trillion-dollar industry by the year 2035.
Starting a modern payments network underpinned by Ripple and supported by rules and governance for global settlement. Ripple, which earlier this month completed a $55 million Series B financing round, has announced that a number of global banks are joining forces to establish the first interbank group for global payments based on distributed ledger (blockchain) financial technology.