Source: Mark Jones, Blockchain Technology News The use of distributed ledger technology (DLT) could lead to a $1T boost in trade finance available to small and medium-sized enterprises (SMEs) in emerging markets. That’s owed to its potential to mitigate credit risk, lower fees and remove barriers to trade, according to research by the World Economic […]
Continue Reading
According to Jonathan Johnson, who now serves on Overstock’s board of directors, the company processes between $68,000 and $120,000 per week in cryptocurrency revenues, primarily through Bitcoin and Ethereum. This is just a fraction of Overstock’s overall business, comprising just 0.2 percent of its total revenue. Yet, even with declining prices for Bitcoin and the […]
Continue Reading
Deutsche Bank and the German insurance group, Allianz have partnered with the car exchange, Auto1 GmbH under the umbrella, Auto1 Fintech to facilitate automobile financing using distributed ledger technology. Together, they will offer this solution as an option for car dealerships to refinance loans and to offer new insurance products to their customers. The company […]
Continue Reading
Samsung appears to be investing heavily into blockchain technology. Earlier this year, the company released a new Bitcoin ASIC chip which was later utilized in Halong DragonMint T1 miners. Now the electronics powerhouse has taken another leap forward with its launch of the Nexfinance blockchain platform on June 4th, as the latest Samsung SDS project. […]
Continue Reading
Revolut reached a $1.7 billion valuation, according to Quartz after integrating cryptocurrency into its payment app, making it the top fintech firm in Europe that allows users to send bank payments with extremely low fees, surpassing TransferWise’s valuation of $1.6 billion. Revolut was valued at less than $1 billion in 2017, with a much smaller […]
Continue Reading