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The next FinTech: Global “Open Finance” Infrastructure

May 1st, 2019 at 7:08 am » Comments Off

“Open Finance “ — open-source financial services infrastructure built on public blockchains — may be the next major digitization narrative after Fintech. Driven by the transformation of analog liquidity (deposits in a bank account) to digital liquidity (tokens in digital wallets), the playing field can be leveled for offering financial services. As a result, new profit motives are introduced […]



Blockchain: Separating fact from fiction

May 1st, 2019 at 6:58 am » Comments Off

Blockchain is not a single technology. After having been conceived by Bitcoin creator — Satoshi Nakamoto, the world discovered the first known representation of this abstract concept through Bitcoin. Since then, hundreds of implementations have been explored. These are also called Distributed Ledger Technologies. With hindsight, the blockchain concept is quite simple: it proposes an innovative information […]



Crypto lending on the rise: Credit volume of Genesis Capitol at over $1 Billion

May 1st, 2019 at 6:51 am » Comments Off

  Genesis Capital, one of the largest providers of crypto loans, cracked $1 billion in crypto loans in 2018. Despite falling bitcoin prices, the demand for credit in the crypto money market seems higher than ever. In the fourth quarter of 2018 alone, Genesis, a type of crypto bank, will provide $500 million in loans. […]



As cashless stores grow, so does the backlash

April 18th, 2019 at 10:39 am » Comments Off

Hembert Figueroa just wanted a taco. So he was surprised to learn the dollar bills in his pocket were no good at Dos Toros Taqueria in Manhattan, one of a small but growing number of establishments across the U.S. where customers can only pay by card or smartphone. Cash-free stores are generating a backlash among […]



Immigrants in the U.S. sent over $148 billion to their home countries in 2017

April 16th, 2019 at 11:13 am » Comments Off

Remittances sent by immigrants living in the U.S. to their home countries in 2017. A significant share of immigrants all over the world send part of their paycheck back to help their families in their home countries. When all of those payments are added together, the amount of money on the move every year is […]