Solving the Last Mile Finance Problem with Bitcoin
Bitcoins are becoming a strong contender in the last mile finance space. I would like to begin this article with this brave claim. And prove along the article, as to why this is true. The Chief Information Officer of Western Union, Mr. John Thomson recently expressed his opinion on Bitcoins, on the Internet. Here is an important quote. "Bitcoin as a technology doesn't solve any problems for us in the core of our business. Our challenge is the last mile. How do I get that money in the person's hand, and meet all the regulatory compliance needs in that country? So, I don't really need it for....
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Everyone loves money and the ones who are serious about their money, account for their cash flow. For fiat currencies, there is the celebrated personal finance management app - Mint. What about cryptocurrencies? How do people who need to manage cryptocurrencies keep track of inflows, expenses and balances across many wallets and exchanges? This is the problem that Tapeke, a personal finance app for Bitcoins, is about to solve for its users. Tapeke is the brainchild of Nicolo Maria Lazzarin. He was the interface developer for Hive Wallet. Tapeke is entirely built with Node.js, Angular.js....
Close collaboration continues to be the absolute necessity for blockchain success. The closer the collaboration between developers and commercial organizations, the better the results that emerge. And the closer everybody works with consumers, the more likely it is that the result will be something attractive to them. This technology is young: the tools to interact with it are designed largely for developers. Creating experiences for consumers is hard, and allowing consumers to interact with it directly can be even harder. An example: every action on public blockchains requires a....
Privacy is a top concern for decentralised finance (“DeFi”) and general cryptocurrency users. The commonly held belief of anonymity formerly drove many to use currencies like Bitcoin and Ethereum, but this is quickly fading as more surveillance comes to light. A group of scientists have been working on solving this problem through a project known […]
This deep dive explores what problems plague our modern monies, and how bitcoin cures these issues.
Rebit.ph co-founder Luis Buenaventure recently published a blog post on Medium claiming that Bitcoin does little to help cheapen remittances. While the math-based currency does lower the bar of entry for startups, and local technological innovation could further improve the competitive advantage of so-called "rebittance" companies, Buenaventure argued that most of the cost is currently made in "the first and last mile." While Bitcoin does a great job realizing cross-boarder transfers of money, the distribution of physical cash was the expensive part of remittances all along - a problem....