BNP Sees 3 Reasons Why Crowdfunding Could Benefit from Blockchain
BNP Paribas is choosing to begin its public experiments with blockchain tech by pursuing one of its less discussed use cases – crowdfunding. The French financial services giant intends to launch a private securities program built using blockchain tech. The effort, a partnership with SmartAngels, a firm that allows entrepreneurs to raise money from private and professional investors, even has ambitious attempts to go live by the second half of 2016. In interview, BNP Paribas product manager Johann Palychata said that crowdfunding was selected as one of the company’s first use cases due to....
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ING Bank, just as any other, is just an unnecessary middleman between you and many crowdfunding options. Today, we have things like the Lighthouse, WeiFund or Koinify, which try to help those seeking to receive crowdfunding for interesting projects. There is no need for using centralized crowdfunding anymore, nor is there a need for banking assistance in....
UK-based banking giant HSBC sees blockchain technology to benefit state-installed central banks, institutions that are tasked and responsible for a country's economic growth and wellbeing. In a document obtained by Business Insider, HSBC sees the potential of blockchain technology to transcend private and investment banks and influence or even enhance central banks' policies. The publication reports that HSBC sees central banks' current method of helping the economy through interest rates has a few drawbacks. Notably, there's no guarantee of the money pumped into the real economy as the....
Simon Dixon and Max Keiser are joining forces to help launch 10 non-competing bitcoin startups on the crowdfunding and equity crowdfunding platform BankToTheFuture.com. The aim, says Dixon, is to help the companies get "investment ready" by aiding them with their tax, legal issues, business plan, financial model, valuation, video pitch and marketing for their equity crowdfunding campaign, and take them through the initial stages of securing funding. Dixon pioneered the development of equity crowdfunding, consulting the Bank of England, Treasury and Financial Conduct Authority for a change....
The SEC has just made equity crowdfunding legal. Here's our take on how this applies to bitcoin and the blockchain. Last October, the US Securities and Exchange Commission released this update, which detailed the adoption of the final rules surrounding equity based crowdfunding offerings. The concept was first addressed as part of the Jumpstart Our Business Startups (JOBS) act way back in 2012, which was signed in by Barack Obama, as a tool that would facilitate the process through which small and medium business enterprises gain access to operating and development capital. Up until now,....
CoinTelegraph caught up with Mike Gropp from UK-based bitcoin trading platform BitBays to discuss its new cryptocurrency-powered “IPO” option for users, the benefits of crypto crowdfunding and where he sees the industry headed. The internet and digital money have enabled the rise of a completely new industry – online crowdfunding. But while this space has still plenty of room to grow, competition is becoming fierce as newcomers are vying for market share against current leaders (Kickstarter, Indiegogo). By offering their own unique approach to crowdfunding, these new startups are blurring....