Blockchain Is Banks' Choice, But Future Is Bitcoin: First Global Credit
First Global Credit believes that with the increasing acceptability of Bitcoin, this virtual currency is sure to dominate the market during the upcoming days. In a press release, the company has highlighted, that despite the interest of big banks in only the technology behind Bitcoin, blockchain, this digital currency has enough strength to stand on its own merit as the careful study of the market reveals. In the support of its argument, the First Global Credit stated that Bitcoin/USD price has risen around 35% in October 2015. First Global Credit also achieved a rare feat, as the trading....
Related News
August saw the first meeting of US credit unions looking to pioneer so-called distributed ledger technology (DLT) in CULedger, a “dedicated” version of the banks’ R3 Consortium. CULedger ‘Does What R3 Is Doing for Banks’. CULedger, which seeks to mimic R3 in order to allow organizations to benefit from blockchain technology, is currently fundraising....
Standard & Poor’s (S&P) Global recently published a report detailing its view of blockchain technology. The credit rating agency also revealed how blockchain development could change its credit ratings of financial institutions. Blockchain Could Affect Credit Ratings. Known for its stock market indices such as the S&P 500, the company is one....
First Global Credit, the world’s first Finance Company 100% focused on digital currency products, has appointed Jon Matonis as a Non-Executive Director. Announcing the appointment, Gavin Smith, Chief Executive and Founding Director of First Global Credit said that he is delighted to welcome Jon to the Board. Gavin Smith said, “We have found we share a mutual vision for both the future of Bitcoin and how First Global Credit will fit into that ecosystem. Jon’s comprehensive knowledge and connections within the Bitcoin community will be extremely beneficial to the growth and development of....
Banks are expensive and inaccessible for many, especially for the poor. “Not only is banking not for everyone, accounts are inaccessible to about half of the world. People are too poor, live too far from a bank, or don’t have the required documentation,” according to CNN. As a result, billions of people in the world are unbanked or underbanked. As a....
Today First Global Credit will be announcing their professional investment service at the Inside Bitcoin Exhibition, Las Vegas. First Global Credit's trading and investment platform promises to "bridge the gap between cryptocurrencies and global stock markets". CCN explores the opportunities and requirements of the offering. First Global Credit's service allows traders and investors to fund a margin account with bitcoins and to then open leveraged positions in a selection of instruments that include international company stocks, several global stock market indexes and ETFs. Their service....