5 Mainstream Finance Figures Embracing the Blockchain
Just last week, distributed ledger startup R3CEV triggered a wave of excitement when it announced an additional 13 banks had joined its project to bring blockchain technology to Wall Street. With a total of 22 banking partners, R3CEV's announcement is the latest sign that blockchain technology is enjoying increasing popularity among the world's biggest banks - some of which had gone public with their interest in it in the past - but the truth is that blockchain technology seems to have everyone talking. Who's said what and why? CoinDesk has rounded up some of the most interesting....
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MasterCard's participation in Digital Currency Group's undisclosed funding round sent ripples of excitement across the crypto-sphere earlier this week. While this is MasterCard's first crypto-related investment, the multinational corporation is not the first mainstream finance company to dip its toe in the bitcoin and blockchain technology pool. Banks have publicly embraced blockchain technology and prominent figures from traditional finance have also lauded its potential. But how exactly are payment giants such as MasterCard interacting with the world of crypto? Be it through direct....
PRESS RELEASE. B26 Finance, the world’s first blockchain-based self-banking service, has recently been released to the world. Being a relatively new project, developed and worked on for years, but officially launched 2 weeks ago (8/03/2021), B26 Finance has seen massive growth and adoption from the DeFi and crypto communities alike, with immense potential for mainstream adoption. Being a community and transparency-driven project, B26 Finance was created with the goal of helping common citizens become their own bank, removing encumberments and fees created by middlemen and third....
Newsweek published an article claiming 46 million Americans own Bitcoin, but where did the figures come from? Crypto social media was abuzz after Newsweek published the article headlined “46 Million Americans Now Own Bitcoin, As Crypto Goes Mainstream” on May 11. The impressive figure was re-posted by notable Bitcoiners including MicroStrategy CEO Michael Saylor who tweeted: “The finance industry is taking crypto mainstream by building Bitcoin into their insurance, banking, & investment products. Newsweek says 46 million Americans now own Bitcoin.”The finance industry is taking crypto....
There has been a recent change in the mainstream narrative surrounding bitcoin. The message is shifting; what was once a story about get-rich-quick imaginary gold or hacker criminals is turning into a story about banks and regulations. The new story is more widespread and more positive. Bitcoin is slowly becoming part of everyday conversation, although....
Despite the finance service industry being bullish on blockchain and crypto, respondents still outlined cybersecurity as the greatest hurdle to mainstream adoption. Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), has already gained mainstream popularity, according to global finance executives polled by Big Four auditing firm Deloitte.According to Deloitte’s 2021 Global Blockchain Survey, 81% of the financial services industry (FSI) executives believe that blockchain technology is “broadly scalable” and has achieved mainstream adoption.Released last Friday, the....