It May Be Small, but The Netherlands Is Proving It’s a Strong Contender in FinTech
This small, but mighty country is demonstrating that good things come in small packages, illustrating its potential as one of the top FinTech countries in the world. The Netherlands has a population of around 17 million people; Germany has a population of nearly 81 million; France has a population of over 66 million people; and the U.K. has a population of 64 million. However, while the latter European countries may spring to mind when you think about the ideal locations for startups, the Netherlands is a country that isn’t afraid to keep up with the big players when its needs to.....
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The Netherlands is often seen as a region where regulators are doing their best to keep up with financial innovation. IN the Bitcoin world, this has lead to a healthy startup ecosystem in the country, with clearly defined taxation rules. But a new report from Holland FinTech touches upon several barriers that are preventing future growth in The Netherlands, which include regulation and collaboration with financial players. Making FinTech Grow In The Netherlands. Even though the report mentions how the FinTech industry is doing quite well in The Netherlands, there is always room for future....
New research has shown that Chinese mobile payments were around 50 times greater than those within the U.S. in 2016, thus illustrating that China’s FinTech market is a strong contender in the market. China Dominates the Mobile Payment Market. Research from iResearch in China has found that Chinese third-party mobile payments more than tripled in 2016 to $5.5 trillion. WeChat Pay and Alipay, operated by Ant Financial, dominated the market. Recent research found that Alipay received the biggest investment in 2016 at $4.5 billion as FinTech funding increased in China. Whereas, in the U.S.,....
De Nederlandsche Bank (DNB), The Netherlands’ central bank, is all set to support a new ‘blockchain development campus’, which will enable banks to develop and share information regarding the use of blockchain, the distributed ledger system behind Bitcoin. The lowlands country has even appointed a new ‘Fintech Ambassador’ Willem Vermeend, a professor of Economics and a former minister of Social Affairs and Employment. He is expected to play the role of a bridge between the government, the fintech sector and the regulators. Everyone needs to work together. In order to facilitate learning....
Netherlands will the unveiling of a blockchain “campus” in September wherein banks and financial companies will work together for the development of blockchain applications for payments and the wider financial industry. Willem Vermeend, the Secretary of Finance and Minister of Social Affairs in Netherlands has revealed that the country will open a blockchain-centric campus in early September 2016. Under the single roof, banks, financial and Fintech companies will jointly work toward the development of blockchain applications and solutions, as reported by Dutch publication Volkskrant.....
MrBitco.in announced that they have officially sold the last Litecoin on their ATM network and do not plan to support it on their platform in the future. According to an announcement on Reddit from the Netherlands-based collective, the reason to pull Litecoin sales from MrBitco.in ATMs is due to low interest in the currency and a small market. Dwindling user interest in Litecoin caused us to decide to stop selling Litecoin through our ATM network,” the collective said. “The number of Litecoin sales (compared to Bitcoin) was so small that we concluded there is no market for Litecoin sales....