100 Banks Approach Blockchain.info
Banks have been odd towards Bitcoin from the get go. At first they all laughed at the currency and now it’s an entirely different story. Legacy banking institutions seem to be very interested in the protocol, and this can be seen throughout mainstream media publications. One Bitcoin company Blockchain.info says they have been approached by over 100 banks about Bitcoin and its underlying technology. Blockchain.info’s CEO, Peter Smith, had a lot to say to the media on a CNBC’s “Future of FinTech” broadcast explaining the many benefits Bitcoin can offer banks. The company believes it’s the....
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Some interesting figures coming from Blockchain.info. As we approach the conclusion of 2013, it would appear as if Blockchain.info's user count of their 'My Wallet' bitcoin wallet is fast approaching one million users. Just take a look at the chart above. You can see exponential growth beginning in November, which is pretty much proportional to the huge inflation in the price of bitcoin around the time. At this rate, it looks as if the one million user mark will be crossed in January 2014. But where will we be in one year? Looks like the only way from here is upwards. (via Blockchain.info)
In an interesting interview with CNBC's Nancy Hulgrave, Peter Smith, the CEO of blockchain.info, claimed that around 100 banks approached his company to integrate bitcoin and the blockchain technology in their banking systems. Peter thinks that these banks believe that they can benefit and make more profits via integration of the blockchain technology. Banks Vs The Blockchain Technology: Throughout the past couple of years, some international retail banks have tried to integrate the blockchain technology into their banking systems and some have even gone far enough to consider issuing....
More and more banks are trying to explore the potential applications of blockchain technology in their operations. Some say that this could reduce clearing times and costs for trades while also providing a more secure approach to record-keeping. However, most banks are traditional in their approach and have a lot of homework to do when it comes to updating their systems, let alone understanding the complex blockchain technology. For Deutsche Bank Research analyst Thomas Dapp, banks need to first solve their legacy problems before adapting to new systems. Blockchain and Legacy Problems. "I....
On 4/15/14. Blockchain.info's Nic Cary took to Twitter to tease the Bitcoin populace with an upcoming announcement... Many were reminded of the last time Cary promised an announcement; the announcement fell short of many's expectations. This time around expectations were met and exceeded, Cary truly has presented a crowdpleaser.https://twitter.com/niccary/status/456129500707688449 Blockchain.info announced today that: Blockchain.info has struck a five year deal to exclusively manage the domain name Bitcoin.com. Blockchain.info is positioning itself to maintain and build its preeminence in....
The folks over at Blockchain.info have acquired bitcoin price application ZeroBlock (LLC), as noted in an announcement this Christmas Eve. The mobile application (available on both Android and iOS) provides the end user with the latest news, price quotes, and more. Dan Held, ZeroBlock's developer, will be joining the Blockchain.info team as a product manager, as part of the acquisition. It being the most-viewed bitcoin application on the Apple App Store, it's easy to see Blockchain.info's interest in the app. Blockchain.info say that the acquisition of the app is part of their "very....