Why Bitcoin Startups Have the Right to Innovate
Sometimes we ask the wrong question and miss an important opportunity. The recent strident demands for an investigation into alleged collusion by Australian banks against bitcoin businesses was misdirected. The Australian Competition and Consumer Commission (ACCC) investigation found the banks did not collude when they closed down the accounts of a number of a number of bitcoin businesses. In fact, the ACCC found that one bank had decided not to deal with digital currency businesses back in 2011. Another bank made a similar decision in 2015. They also found that other banks are continuing....
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Payments giant Mastercard has added seven startups to its Start Path program to make cryptocurrencies more accessible. “We’re welcoming a new cohort of startups to ease access to digital assets, build communities for creators and empower people to innovate for the future through Web3 technologies,” said Mastercard. Mastercard: ‘Anyone Who Uses Crypto Should Be Able to Do so Simply and Safely’ Payments giant Mastercard announced Thursday that seven startups from around the world have joined its Start Path program. The announcement details: Through the....
Innovate Finance, a non-profit membership organization serving the UK's global FinTech community, has announced a strategic partnership with leading business association BritishAmerican Business. The collaborative initiative will connect FinTech startups in New York and London, allowing firms to expand their services and products with ease. "As the next wave of innovation in financial services begins to evolve, we are seeing London and New York emerge as the epicenters of collaboration between the incumbents and disruptors, between regulators and innovators, and investors and....
Bitcoin and Blockchain technology companies enjoy a unique position in London. Some of them work closely with big names from other sectors to create a well-balanced fintech sector in the country. The United Kingdom features among the top countries for bitcoin businesses to be operating from. The country's approach to create regulations for bitcoin and other digital currency is deeply appreciated by many, including the English bitcoin start-ups. Thanks to Innovate Finance, we can expect more favorable changes in the digital currency sector soon. Innovate Finance is a think tank and....
Innovate Finance, the association of fintech and blockchain companies in London, UK to set up fintech hubs in Bahrain and the UAE. London had gained a reputation for being the financial hub of Europe. The capital of United Kingdom has been in the forefront of Fintech innovation, thanks to various initiatives in the past. But with Brexit, things are slowly falling apart. By moving away from the European Union, London has lost the charm of being the gateway to Europe for many companies. As the country becomes less attractive each day, other European nations are trying to replace it as the....
True innovations are a serious problem for traditional financial institutions, but fintech and crypto startups have the solution. When banks finally come to improve their technology experience, they go no deeper than changing the front end. They’ll make a button blue instead of green or create rounded edges on buttons instead of square ones. They think in terms of their interfaces, not the back end. If a bank were to truly innovate its technology, it’d dig deeper into the back end and transform its legacy technical infrastructure, which has been the same for decades. Few today even know....