Is Barclays Imitating Cryptocurrency Tip-Bots?
British multinational banking service company Barclays recently launched a new service that allows people to make payments using a Twitter handle. Meanwhile, we couldn't help ourselves comparing this new payment service (called Pingit) with the widely accessed cryptocurrency tipping services, such as ChangeTip. One could clearly see how Barclays has fed on the idea of micro tipping services. They have conceptualized their service around small payments that could be exchanged between friends and family, or could also be given as donations and "tips". The only conceptual difference that....
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Since Tesla’s Elon Musk attempted to purchase Twitter and tried to get information on the number of bots on the social media platform, Twitter bots have infested tens of thousands of posts day after day. In the cryptocurrency industry, bots are very prevalent and any time a popular crypto account posts, the thread is teeming with legions of bots trying to scam people. Despite people reporting the bots regularly, and openly complaining about the problem, Twitter has done very little to address the issue.
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Barclays is investing in Copper, one of the most recognizable companies in the rapidly-shifting cryptocurrency market, even as the sector continues to be shaken by a number of defaults and insolvencies. Sky News reports that Barclays has joined the roster of notable financiers supporting Copper’s $2 billion investment round. Suggested Reading | Elon Musk On […]
Barclays Bank received the most complaints in the first half of 2016 of all financial services firm, according to latest figures from the UK financial regulator. The Financial Conduct Authority said that between January and June Barclays complaints increased 3% from the second half of 2015, reaching 287,463. HSBC was the only other big five High Street banks to see complaints increase. HSBC’s complaints also rose 3% to 124,891. Lloyds Bank, however, saw complaints decrease 7% to 213, 163, remaining second to Barclays. Barclays has taken steps to improve customer service, the banks says,....
Barclays Bank, one of the largest banks in the world, has today issued a warning on the nascent digital currency Bitcoin arguing that it is not backed by any government or central bank and the deposits are not insured. The warning follows numerous similar warnings by Consumer Financial Protection Bureaus in the aftermath of the still mysterious downfall of MT Gox. Barclays urges its customers to beware of hackers and scammers and beware of rate fluctuations as well as general advice such as carefully read the contract and know with who you are dealing. Absent from the warning however is....
Barclays, the UK banking company, teamed up with an Israeli startup to carry out the bank’s first Blockchain-based trade transaction. This allowed Barclays to send a transaction within minutes, both cost effectively and securely, rather than using the traditional transaction process which normally takes hours or days. According to Barclays, the transaction was approximately $100,000 worth of dairy products from an Irish food company, Ornua to the Seychelles Trading Company. Baihas Baghdadi, Barclays' Global Head of Trade and Working Capital, states: "We've proved the reality of this....