It would seem that numbers are making Shanghai the new world capital of #fintech. One number is 1.3 billion, which is the population of #China. Another number is $ 2.4 billion, which is the amount of funding that poured into China’s fintech sector in the first quarter. But a closer look reveals some cracks in the facade.Read More
Bank Innovation
PayPal and Visa jointly announced a #deal last week giving PayPal access to Visa payment rails at the point of sale, and giving Visa cards preferential treatment within the PayPal environment. The deal is exclusive for 12 months, Visa CEO Charlie Scharf noted. The world found out yesterday what that exclusivity means for #MasterCard:Read More
Bank Innovation
Twenty-two US #senators sent a leader to senior government officials and the #Federal #Reserve requesting information about the regulation of #blockchain.
CoinDesk
A #blockchain tech conference this October will bring together representatives from the #French government and legislature.
CoinDesk
The founder and head of #Philips #Blockchain Lab, Arno Laeven, is #leaving the healthcare giant effective 1st August.
CoinDesk
An animated explanation about How #Blockchain #Could #Change #Finance.
Blockchain is the #technology that creates a ledger of transactions on the Internet that is secure and easily accessible. It quickens the ownership validation process, executes transactions in just minutes or even seconds. It also keeps tracks and makes sure all the payments are done properly. However, since it’s a decentralized system, once it goes wrong, there will be no one to sue and be responsible for, and there is the challenge of management.
In 3 minutes, this animation explains what blockchain is, how blockchain works, the financial uses of blockchain and it also covers the challenges and the risks from applying the blockchain trend into current ones.
The post How Blockchain Could Change Finance appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
In a recent post, Liz Spayd, the newly appointed Public Editor of the New York Times, asked the open question as to whether Times readers see the paper as being overly liberal.  In particular, supporters of Donald #Trump have complained that New York City’s traditional journal of record has a “relentless bias” against the Republican […]
Bank Innovation
#KPMG has commented on the ongoing situation around The DAO, asserting it hasn’t impacted client confidence in #blockchain.
CoinDesk
#Bank of #America last Tuesday introduced version 7.0.0 of its iPhone mobile app, and it was noteworthy largely because of one new feature: it gives consumers access to their #credit #scores. Bank of America is believed to be one of the few financial institutions to offer consumers unfettered access to their creditRead More
Bank Innovation
Coinbase’s #first #employee has departed to #start a #blockchain-focused #hedge #fund.
CoinDesk
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