Why This Former Banker Is Convinced XRP Will Disrupt The Payments Industry
Highlighting the considerable limits of traditional banking systems, a former banker has placed XRP at the top of payment services in the financial sector, predicting that cryptocurrency will disrupt the payments industry. Bold XRP Prediction By Financial Expert In a rather lengthy X (formerly Twitter) post, ex-banker and financial expert, Kyren made a controversial prediction […]
Related News
Yves Mersch, member of the executive board of the European Central Bank (ECB), has said innovative new payments technologies like the blockchain have the potential to disrupt card-based payments. Mersch made his comments while addressing a Bank of France Conference in Paris on 18th January, in a speech titled 'Card payments in Europe – latest trends and challenges'. Discussing the emergence of innovative payment solutions, including distributed ledger technologies, the banker predicted they could 'impact payment behaviour and the usage of cards and other traditional payment instruments in....
The former Group CEO of Barclays, Antony Jenkins, predicts a future within the next ten years wherein financial technology or fintech will substantially disrupt traditional banking systems and the banking industry as a whole. He is convinced banking installations and those employed in banking institutions will be reduced by at least 20% in the coming ten years, if not up to as much as 50%. Antony Jenkins, former CEO of one of Barclays, the UK's second biggest bank in assets after HSBC has predicted an "Uber-like" disruption from the Fintech sector to come crashing down on the current....
As financial companies have begun exploring blockchain technology, bitcoin’s promise as a payment disruptor has earned its fair share of skeptics who say the promise has been exaggerated. In response to these naysayers, Arthur Levitt, Jr., former chairman of the Securities and Exchange Commission, and Peter Smith, CEO of Blockchain, have written a column in American Banker arguing that those who say bitcoin won’t disrupt payments are wrong. They address the key arguments, such as the claim that the U.S. and Western Europe are already well served by existing financial systems, that bitcoin....
New York-based daily financial services newspaper American Banker has announced that it will hold a one-day conference this July aimed at bringing the traditional financial services industry up to speed with developments in the bitcoin and digital currency ecosystem. American Banker has been one of the more vocal mainstream publications on the subject of bitcoin, with Executive Editor Marc Hochstein even serving as MC and panel speaker at April's Inside Bitcoins NY conference. The event, to be held on 29th July in New York City, will focus on how bitcoin and digital currencies are....
In a post penned by the CTO & Co-Founder, Dr. Adam Joyce, UK-based Bitcoin analytics firm Elliptic has announced that it has been awarded Security Project of the Year award by the leading financial magazine, The Banker. The Banker's Technology Projects of the Year awards are among the highly coveted in the industry. This year, the magazine received 270 submissions in various categories such as risk management, security, social media, strategic transformation, trading, payments, developers APIs, data and several others. Other winners included JPMorgan Asset Management, BNY Mellon,....