How Bitcoin Benefits Small and Medium-sized Businesses
The sphere of cryptocurrency is interesting primarily for small and medium-sized investors, not global corporations. Bitcoin is still an attractive sphere for investment, despite the fact that financiers and developers switched their attention to the blockchain. In the last year alone, venture capital investments in cryptocurrency start-ups reached a record level. The sphere of cryptocurrency is interesting primarily for small and medium-sized investors, not global corporations. According to the head of the London Ledger Partners Jeremy Miller, up to 90% of the Bitcoin capitalization falls....
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The elio can only be used for payments to small and medium-sized businesses.
Funding Circle, a UK-based Fintech unicorn startup has received £40m from government-owned British Business Bank to directly fund small businesses through its platform, which matches investors with businesses looking to borrow. With an aim to spur and support economic growth, the BBB acts as a financier to small and medium sized businesses. Altogether, the UK government has now invested £100 million on Funding Circle’s platform. The latest investment follows an initial £40 million by the bank in Funding Circle in 2014. Preceding that, the UK government began its investment in Funding....
Bitcoin service provider and exchange Cubits has partnered with Greek bitcoin exchange BTCGreece to install 1,000 bitcoin ATMs and help small and medium sized businesses move money. “We are creating the ecosystem of bitcoin and blockchain solutions in the Greek market.” BTCGreece founder Thanos Marinos told CoinTelegraph. “That will include the rollout of 1,000 ATMs and solutions for the e-commerce and tourism industry. Partnering with best of breed companies in the bitcoin space will enable us to provide the Greeks with solutions that will ease the difficulties of the capital controls.”....
Russia's central bank wants the digital ruble to help businesses by cutting out financial middlemen. Russia’s digital ruble is expected to reduce business costs, but could also cut profits for commercial banks, according to Elvira Nabiullina, the chairwoman of the Bank of Russia.At a Dec. 3 meeting of “Opora Russia,” a non-governmental organization of small- and medium-sized business, Nabiullina said that a digital ruble could undercut commercial bank profits from commissions and transaction fees. Furthermore, she stated that a central bank digital currency is a natural development in....
The economy of Greece has been struggling for the past few years. Recently things turned worse after the country's banking system came close to the verge of collapse, forcing the government to impose transaction limits. With these limitations in place, people have started exploring for alternative options to withdraw, send and receive money. One such option is now being provided by Cubits, a bitcoin wallet and trading platform has collaborated with BTCGreece, a Greek bitcoin exchange to enable Greek businesses to make international transactions. With the government's capital controls in....