Almost-Free Money Transfers the Highlight of the Blockchain Money Conference’s First Day
In glittery surroundings, next to the skyscrapers of London, the financial capital of the world, a packed room of blockchain enthusiasts heard from Edan Yago, CEO of Epiphyte, former employee at Zynga. We are preparing for a world where “95% of your customers are not human,” he says. The current financial system does not scale for machine to machine transactions, Yago argued, as they address it like a “liberal arts problem” leaving us with a “chain of corresponding banks” which are not interoperable. Visa, for example, does not communicate with mastercard, Yago says. Public blockchains....
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A number of Japanese banks are reportedly set to test domestic fund transfers using digital currencies over a blockchain as a low-cost alternative to traditional money transfers. According to a Thursday report by Nikkei, Japan’s most prominent financial publication, a handful of major Japanese banks will perform tests to determine if a digital currency powered blockchain platform could prove a viable alternative for the current national payments clearing platform ‘Zengin’. Operated by the Japanese Bankers Association, the Zengin System powers domestic money transfers in Japan. The....
Halsey Minor, Founder & CEO of Bitreserve, has announced that his company will make holding, sending, and converting the world’s major currencies instant and free, without charging fees and commissions normally levied by banks, credit card companies, and money transfer businesses. Minor says that Bitreserve is offering free transfer and conversion of the money for its members. According to him, his company is bringing the very same consumer-focused vision that drove the creation of CNET, Salesforce.com, OpenDNS, Google Voice, and the other cloud-based services that he founded or cofounded.....
As Donald Trump promises to severely limit across-the-border money transfers if elected, Bitcoin exchanges offer help to millions of illegal aliens in the US. Lives of many Mexicans depend on the outcome of the U.S. presidential election in November. The undocumented immigrants who live in the US are being threatened by Donald Trump's campaign promise to stop money transfers sent south of the border unless Mexico pays up to $10 billion to build a border wall. No money transfers to illegal aliens. If elected, Trump plans to use the Patriot Act to require legal identification for money....
On November 6-7 Bitcoin.com is holding our Blockchain: Money conference in London. Since we announced the event, we have revealed a multitude of well-known industry movers and shakers to speak at the event. This includes developers from the Bitcoin and Blockchain landscape, and executives from the finance industry. Additionally, Blockchain: Money is....
Everyone from Nick Szabo, who developed the concept of smart contracts, to Blockchain Capital Managing Partner Brock Pierce has been touting Bitcoin’s value as a vehicle for international money transfers lately, but it appears that TransferWise CEO Taavet Hinrikus has not received the memo. Hinrikus was recently on a panel with MasterCard President of International Markets Ann Cairns at the World Economic Forum in Davos, and he did not seem threatened when asked about the new Bitcoin-based alternatives to his service, such as Align Commerce, that have popped up over the past year. Although....