Traditional Finance and Crypto Are Converging – That’s a Very Good Sign
Cast your mind back to 2017 – or not even so far back, if we’re being honest. The thought of traditional finance working with crypto was anathema. Most cryptocurrency companies struggled to get access to banking services, many global regulators and financial institutions were shunning Bitcoin and other digital assets entirely, and key opinion leaders […]
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Cryptocurrency platforms offer lower fees and more convenience than their corporate competitors. That’s a boon for entrepreneurs. Do you believe that in five years every second transaction in e-commerce will be settled on blockchain? No? Well, that’s what people thought of plastic credit cards versus cash a few decades ago when it came to traditional stores. There is no doubt that Web3 will drastically transform the way e-commerce operates. Using cryptocurrency payments in e-commerce stores will become just as common as accepting PayPal, Klarna, Visa or Mastercard. Stores that don’t adapt....
Are TradFi and DeFi converging, moving toward a middle ground that includes tokenized assets, interoperability and regulation? SWIFT is a payments colossus. It operates across more than 200 countries, has 11,000-plus financial institution clients and transmits some 8.4 billion financial messages every year. It is the global leader in cross-border bank-to-bank payments and recently played a key role in the West’s economic sanctions on Russia. That doesn’t mean the Belgium-based cooperative is immune to disruption tremors, however. Critics have long maintained the interbank messaging system,....
Crypto industry is coming to save the troubled Euro monument in Frankfurt after traditional banks refused to support the symbol of Eurozone decision-making. The paths of traditional finance and the cryptocurrency industry have intersected again, with a crypto startup coming to save the iconic Euro monument in Frankfurt.Frankfurt-based crypto startup Caiz Development will provide 1 million euros, or about $961,000, in funding over the next five years to rescue the famous Euro sculpture.Announcing the news on Tuesday, Caiz said that the firm saw a good marketing opportunity in supporting the....
Bitcoin’s price has been on a clear uptrend since the lows of March at $3,500. Data shows that despite the growing cost, the number of BTC whales (entities holding more than 1,000 coins) has increased. This suggests that there is an increase in high net-worth individuals dabbling in the space. This is a positive sign as it indicates a consistent flow of capital into Bitcoin and the broader crypto-asset market. Other on-chain trends also indicate […]
The neon bitcoin sign has arrived. In order to add some pizzazz to the act of spending in bitcoins, a redditor has built a vibrant sign so that merchants can easily let customers know that they accept bitcoin. "I only designed the initial concept of the sign and worked with a manufacturer in California to get them produced," said Crypt0queen, the entrepreneur behind the sign. Crypt0queen says that half of the sign inventory has already been sold after only being available for a 24-hour period. There are entrepreneurs working to make bitcoins easier to accept at business' point of sale....