Business Intelligence Report Mentions Bitcoin and Blockchain

Business Intelligence Report Mentions Bitcoin and Blockchain

Blockchain technology, the protocol that underlies Bitcoin, could one day change how consumer card payments are verified. A recent Business Intelligence report has touched upon the subject of Bitcoin as one of the disrupters in the payment processing ecosystem. The report received a special mention in an article concerning Bank of America Merchant Services’ plans to expand into Europe later this year. Bitcoin will Change Payment Behavior. The primary goal for of any merchant services provider is to come up with new ways to make e-commerce more appealing to both consumer and business. This....


Related News

PwC Report Has High Hopes for Bitcoin in Show Business

PricewaterhouseCoopers (PwC) has published a report which claims that digital currencies, namely bitcoin, are already driving digital innovation across several industries. The report, titled 'Digital Disruptor: How Bitcoin is Driving Digital Innovation in Entertainment, Media and Communications' was published by the multinational professional services firm earlier this week and its conclusions are largely positive. PwC's pros and cons. The PwC report is the latest in a series of consumer intelligence reports, and it explores the impact of bitcoin on entertainment, media and communications....

Deloitte Predicts Rise in Blockchain-Based Payments

Deloitte’s Center for Financial Services has released a report forecasting transformation of the banking industry over the coming decade due to disruptive technology. The Banking Industry Outlookreport estimates that blockchain-based payment systems could equal the volume of the United States' Automated Clearing House (ACH) financial transactions network by 2020. It identifies artificial intelligence and machine learning, blockchain technology, collaborative ecosystems, digital currencies and demographics as disruptive forces. The report cites the most attractive characteristics for....

European Banks Rumored to be Monitoring and Reporting Transactions Related to Bitcoin

An anonymous Reddit user who self-identifies as bank employee posted a warning saying that his bank received a memo from the national financial institute, with instructions to report anyone who receives more than €1,000 that may be linked to Bitcoin. The five-page memo outlines how surveillance works, how the network is monitored and says that some bitcoin exchanges have been unwilling to cooperate with the authorities. The memo is accompanied by a report, issued by E. U. law enforcement agency Europol, stating that 84 accounts in the country (which hasn't been disclosed) have been flagged....

IBM Bridges Blockchain, AI With New Business Unit

IBM is reorganizing its internal blockchain team into a business unit that encompasses its artificial intelligence and cloud computing efforts. Called 'Industry Platforms', the division will be led by Bridget van Kralingen, IBM’s former senior vice president of Global Business Services. Further, as part of the launch, IBM's entire blockchain leadership will make the transition to the unit, first announced last September. In addition to the work on blockchain tech, the business unit will lead IBM's efforts to bridge its financial services work with its Watson artificial intelligence....

Bloomberg Intelligence Report: Bitcoin Price 'On Track' for $100,000

A new report from Bloomberg Intelligence suggests the Bitcoin price may soon approach $100,000 should historical trends continue.