It doesn’t yet have a name, but Ecuador’s new government-backed virtual currency is coming. That’s the thrust of a new report from the Associated Press,
Ecuador wants to go first with their own (government-backed) virtual currency. A lot many countries will be monitoring this closely.
The e-commerce war in China is heating up to a level never seen before — two Chinese internet giants, Tencent and Baidu, are teaming up in e-commerce to take on the country’s… Keep reading →
Clash of the Titans? (they could be cousins ya know!)
Australian-Indian company igot has launched the UAE’s first bitcoin exchange, hoping to capture some of the Indian remittance market.
Woot! Woot! That’s the sound of a new exchange (in Dubai). #bitcoins
Russian hackers attacked the U.S. financial system in mid-August, infiltrating and stealing data from JPMorgan Chase & Co. and at least one other bank, an incident the FBI is investigating as a possible retaliation for government-sponsored sanctions, according to two people familiar with the probe.
How soon will the disclosures come out? that is the Question!
An Apple patent application hints at the inclusion of more than just credit cards in a new mobile wallet.
The question is even if it does, what benefit does Apple derive from it?
Whilst discussing crypto currencies with a Senior Banker from a reputed Pakistani Bank (read: one of the Big 5)…
Banker: “Bitcoin is a joke! It will fail”
Faisal: “Seriously? Do you know what Bitcoins are? Really? I will ask you?”
Banker: “No, not really! I read a few articles in….” (I cut him off)
Faisal: “Do you own some? Have you played with Bitcoins?”
Faisal: “Never owned one? Not even one?”
Faisal: “How about a Wallet? Do you have one? On Blockchain? or elsewhere?”
Banker: “What is a wallet?” (cut him off again)
Faisal: “Do you know what a Blockchain is?”
Faisal: “How about a Satoshi? Know what it is?”
Faisal: “How about what mining is?”
Banker: “Mining??? You mean minerals…”
Faisal: “Ummm never mind”
… switching subjects and thinking he better start working on his resume.
Swiss bank Pictet publicly disclosed financial results for the first time in its 209-year-old history, underlining the sea change in the country’s traditionally secretive banking sector
Banking Zeitgeist? Well, certainly seems so. I think as we chug along, more and more transparency would be coming forth. Both in banking and payments.
Square has a new update out for its Cash app that lets users send cash by text, greatly improving the versatility of the mobile payment app. The update also..
Square is hot on the game, but the question is will this money transfer be restricted domestically, or does Square have plans to go abroad? I’d bet right now – domestic payments only. (Thanks to Robert Oswald for tweeting this.)