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Citigroup and Credit Suisse Focus on State Asset Sales in Africa
9.9.2019
Over the course of the past decade or so, African countries have grown their economies at a remarkable rate, and consequently, the biggest banks in the world have set up shop in a range of the countries. One of the most common ways in which governments in developing economies raise money is...
Despite Potential Economic Slowdown; Citi Goes Big on Credit Cards
6.9.2019
When there is an economic slowdown, then the availability of credit dries up instantly and eventually, the government of the country’s central bank has to stimulate the economy through financial packages. Banks generally stop the tap as far as giving any kind of credit is concerned and eventually...
HSBC Used Voltron Blockchain in a Letter of Credit Transaction Using Yuan
3.9.2019
On Tuesday, HSBC used the technology of the Voltron blockchain platform and completed a transaction between Hong Kong’s MTC Electronics, sending LCD parts to its parent company in Shenzhen. It was a letter of credit transaction, done using Chinese renminbi (Yuan). Letters of credit or bankers...
HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit
3.9.2019
HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan
HSBC Completes First Blockchain Letter of Credit Transaction in Yuan
2.9.2019
HSBC conducted the first blockchain-based yuan-denominated letter of credit transaction using R3’s Corda-powered Voltron platform
Crypto Lending Platforms Prepare to Assail the Banking System
30.8.2019
The battle lines have been drawn and the troops assembled. On the one side stands the combined might of the banking cartels, centuries of deeply entrenched financial infrastructure supporting them. And on the other side stands a handful of crypto companies armed with little more than a passionate...
PR: SMART VALOR Lists Bitcoin Cash & Offers Users 10% Cash Back in Crypto
26.8.2019
The first Swiss company to operate an integrated cryptocurrency exchange and custody, SMART VALOR, has added Bitcoin Cash to its range of listed tokens.Why does this matter and what’s in it for buyers?
The listing of Bitcoin Cash (BCH) on SMART VALOR matters, because it is the first fully...
Apple Credit Card is Not To Be Kept in Leather Wallet or Nearby Denim, Warns Apple
22.8.2019
One of the biggest developments this year in the financial world has been the launch of the Apple credit card earlier this month. Over the past decade and a half, the tech giant has entered a range of different businesses and managed to turn it around altogether. The Apple Credit Card, produced...
San Francisco Non-profit Firm Unveils Blockchain-based Credit Database in Sierra Leone
22.8.2019
A technology non-profit firm based in San Francisco, called Kiva, has unveiled a credit database that is based on the blockchain technology in Sierra Leone, West Africa. The platform has been officially launched yesterday in Sierra Leone’s capital Freetown with thorough involvement and compliance...
Nonprofit Launches Blockchain Platform for Credit History in Sierra Leone
22.8.2019
The nonprofit Kiva and the government of Sierra Leone have launched a blockchain-based credit history service
PR: Kinesis Partners With Hardware Wallet Provider CoolbitX
21.8.2019
Kinesis is proud to announce a partnership with CoolBitX Technology, the developers of the world’s first credit card-sized hardware wallet, the CoolWallet S. This partnership will enable Kinesis digital currencies, KAU (1-gram gold) and KAG (1-ounce silver), along with the Kinesis Velocity Token...
Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies
17.8.2019
Record low and negative interest rates have put commercial banks in a difficult spot. Across Europe, they have been passing the burden to their clients. Some have introduced fees for those with large account balances, while others are punishing everybody equally. In any case, some bankers fear this...
Chinese Credit Card Repayment Company Samoyed Cancels US IPO Due to ‘Unfavourable Market Conditions’
17.8.2019
The raging trade war between the United States and China is something that is almost always going to be on the background of any business deals that might be taking place, which involves entities in either nation. In a new development, Chinese Fintech company Samoyed Holdings Limited has decided...
Traditional Financial Organizations Face Heat from Apple Following Credit Card Launch
12.8.2019
Over the year, some of the biggest tech companies in the world have made forays into businesses that are starkly different from their core business and managed to make it a complete success. For instance, Apple entered into the music industry by way of the iPod and iTunes and eventually changed...
Goldman Sachs and Apple Have Started Issuing Long-Awaited Apple Credit Cards
7.8.2019
Apple has always been known for producing innovative products and moving into industries in which it did not have any presence at all. The company proved it by moving into the music & smartphone industries in the 2000s. Now, it is moving into the credit card industry. Last month, the tech giant...
Standard Chartered Makes Letter of Credit Transaction Using Blockchain
7.8.2019
Standard Chartered has completed its first cross-border blockchain letter of credit transaction in the oil industry with Thai state-owned oil giant PTT Group
Goldman-Backed Apple Card Restricts Cryptocurrency Purchases
4.8.2019
Cryptocurrencies cannot be purchased with the new Apple credit card according to the American multinational technology company’s recently published customer agreement guidelines. The Apple card’s restrictions indicate that the company’s partner, Goldman Sachs, is leery toward...
P2P Crypto Lending Is on the Rise
3.8.2019
As peer-to-peer cash, it only seems logical that cryptocurrency should be deployed for P2P lending. While that application has taken time to materialize, bitcoin and other crypto assets are now increasingly fulfilling that purpose. Across the BTC, BCH and ETH networks, credit is being supplied...
Apple’s Credit Card to Be Launched in August, Says CEO Tim Cook
31.7.2019
Over the course of the past two decades, tech giants have managed to enter industries that seemed out of their reach and more often than not, they have managed to make it a success. In that regard, Apple has been remarkably successful by entering industries in which no one expected them to succeed....
Is Bitcoin Money? Revisiting Mises’ Regression Theorem
25.7.2019
Over 100 years after the publication of Austrian economist Ludwig von Mises’ “The Theory of Money and Credit,” the ideas outlined therein are still sparking hot debate. Namely, what is known as Mises’ Regression Theorem, which claims that in order for something to be money...