Two Bitcoin Based Startups Win Citi Mobile Challenge EMEA
Citibank along with IBM Cloud Computing and MasterCard Start Path is actively involved in fostering innovation in the fintech arena. Citi Mobile Challenge EMEA is one such program conducted across three different regions in the world namely, Europe, Middle East and Africa. As a part of this program, Citibank provides the selected teams with access to their APIs. These teams can make use of these APIs to build products for the financial sector. Broadly classified into two sections, this annual event selects entrepreneurs/teams to develop Consumer and Business Solutions. While the Consumer....
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Blockchain-based social network GetGems was named 'Most Visionary Social Media Solution,' while bitcoin wallet Billon took home the title, 'Most Innovative Blockchain Solution,' during the Citibank Europe, Middle East and Africa (EMEA) Mobile Competition. The annual competition, started just last year, was put together by leading global bank Citi and sponsored by IBM Cloud Computing and Mastercard Start Path, the payment company's fund to boost financial innovation. Startups from 18 countries pitched 77 financial products and services to Citi executives and technology experts at showcases....
American banking behemoth Citigroup earlier revealed that it has been looking at the Bitcoin's distributed ledger technology for the last few years, and has developed three blockchains and a test currency called Citicoin to pass through them in a bid to create a framework parallel to the Bitcoin and the blockchain. And now, according to South China Morning Post, Citigroup has launched a hunt for the most promising fintech innovators in Hong Kong and APAC with its new accelerator program called Citi Mobile Challenge Asia-Pacific. The registration for the upcoming contest will begin from....
Bringing together more than 40 startup pitches on both the retail and fintech verticals at the consortium, the Plug and Play Tech Center Expo day included three keynotes from the founder of Plug and Play Tech Center Saeed Amidi, Managing Director of Citi Ventures Debra Brackeen and founder of the Lending Club Renaud Laplanche. Saeed Amidi started the day off with remarks summing up the mission of Plug and Play to bring together software for two industries and create a matchmaking haven where corporations could come to find solutions to their vexing technological problems, understand....
Bitcoin remittance startups are invited to be part of an international conference happening next month in Istanbul. Bitcoin based services are gaining prominence in the global money transfer and remittance market. The role of Bitcoin and its potential to change the global economy is being recognized and acknowledged by the traditional players in banking and finance sectors. The recent letter to the stakeholders of JPMorgan Chase is one of the many examples. The inclusion of Bitcoin based companies to International Money Transfer Conference - IMTC EMEA 2015 further strengthens its position....
The United Kingdom, is often one of the friendlier places when it comes to Bitcoin legality, especially when compared to US regulation, such as the New York BitLicense. Citi, a global banking and financial corporation, recommended that the UK take its acceptance one step further with the creation of a UK cryptocurrency. In a document submitted by Citi to the British government, Citi noted the risks involved with digital currency. However, Citi also mentioned the untapped possibilities that digital currencies like Bitcoin can offer: