PwC Report Acknowledges Cryptocurrencies' Role in Technology-Driven Markets
According to a paper titled "Money is no object: Understanding the evolving cryptocurrency market" published by PricewaterhouseCoopers, cryptocurrencies play a role in the development of technology-driven markets. PwC is a multinational professional services network. It also highlighted how cryptocurrencies "gained acceptance from a critical mass of investors, technologists, regulators, merchants, entrepreneurs and consumers" and that these have the "potential to disrupt conventional market strategies, longstanding business practices, and established regulatory perspectives - all to the....
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Cryptocurrencies such as bitcoin will usher in a new wave of 'technology-driven markets', a new report from PricewaterhouseCoopers (PwC) has claimed. The 17-page primer, released by the firm's Financial Services Institute this month, says it is no longer a question of if cryptocurrencies will transform financial services, but when and how. The report reads: "[Cryptocurrencies] have the potential to disrupt conventional market strategies, longstanding business practices, and established regulatory perspectives - all to the benefit of consumers and broader macroeconomic efficiency." PwC, a....
In a paper titled Money is no object: Understanding the evolving cryptocurrency market, just published by PricewaterhouseCoopers, the multinational professional services network examined and explained its position on cryptocurrencies. Its verdict: The inherent value of cryptocurrency has "gained acceptance from a critical mass of investors, technologists, regulators, merchants, entrepreneurs and consumers ... In fact, in our view, cryptocurrency represents the beginning of a new phase of technology-driven markets that have the potential to disrupt conventional market strategies,....
Can, in not too distant future, the European Central Bank become a decentralized autonomous organization? In Part 1 of the article “How the European Parliament Views Blockchain” we looked into how Euro Parliament has taken on cryptocurrencies in its latest report. Here, in Part 2, we continue to analyse it. The European Parliament is looking at cryptocurrencies as a means to conduct transactions faster and cheaper, assuming that cryptocurrencies can help lower borders within the European market. Diminishing role of banks. But this assessment ignores how Bitcoin redesigns and diminishes the....
Bitcoin and cryptocurrencies are part of a technology "megatrend" that could change the fundamental mechanics of transactions, according to a new report from Goldman Sachs' equity research analysts. Bitcoin, along with improved payment security, 'big data' analytics and faster payment networks are the components of a technology trend that will disrupt the payments ecosystem, the report says. The disruption of the $1.2tn global payments industry will be also be driven by converging trends in regulation, global demographics and the rise of markets outside the United States. The report says:....
It's not everyday that you hear some positive Bitcoin-related news coming from the Federal Reserve. So it may or may not come as a surprise to you that an economist at the Federal Reserve Bank of Chicago has come forth declaring the digital currency as a "remarkable conceptual and technical achievement." François R. Velde, in his report, acknowledges that bitcoin may very well be something that's used by "existing financial institutions," signaling widespread awareness in the financial community. Velde's report also acknowledges that bitcoin has been growing. He has a great point. This....