Reddit is often seen as the go-to platform for marketing purposes, especially where Bitcoin companies and news is concerned. After all, the platform calls itself the “front page of the Internet” and, for a time, that certainly has been the case. But how does one go about making their product or service stand out on Reddit, considering it such a hub of activity around the clock?
There are many parallels to be drawn between the worlds of Bitcoin and FinTech. In fact, Bitcoin is its own form of FinTech and there are quite a few things both industries can learn from one another. Finding the perfect bank partner, for example, is a struggle experts in either industry are all too familiar with. There is a silver lining, however, as there are some steps companies can take to smooth the process.
Brand building is a difficult task for any company in existence today and it certainly seems to be something Bitcoin businesses are struggling with. Part of that issue can be attributed to the dislike consumers and retailers have when it comes to “Bitcoin”, although they do enjoy the term “blockchain”. But even Bitcoin companies can take a few simple steps to push their brand in the right direction.
Also read: Creating Financial Resolutions For 2016
As exciting as financial technology and Bitcoin are right now, consumers value the user experience above everything else. If new solutions are difficult to use or come with a clunky user interface, people will simply stop using it. Customer experience should be at the top of the priority list for any company or service provider in the Bitcoin space moving forward.
Also read: Creating Financial Resolutions For 2016
In the FinTech sector, there is no clear industry leader just yet, as the playing field is wide open for participants from all over the world. Certain areas are destined to do better than others, such as London, Silicon Valley, and the entire country of India. One city most people tend to overlook is Dublin, Ireland, where the FinTech sector is booming despite its challenges.
A lot of countries around the world are still struggling to boost the number of available jobs. If those numbers do not increase, economies can not recover from the 2007 financial crisis, which is not an ideal situation. Unfortunately, there are some factors that hinder the job market growth, such as additional taxation and red tape on jobs.
The year 2016 is around the corner and a ton of people are preparing their New Year’s resolutions. One of the topics on everybody’s list will be how they can improve their current financial situation and how they will go about doing so. There are a few simple things anyone can do without too much effort although some necessary research will be required.
Mobile payments are picking up all over the world, although the Chinese market will be the most difficult to penetrate for most foreign companies. One of the first major players to bring their mobile payment solution to China is none other than Apple. Thanks to a partnership with China’s UnionPay, Apple Pay will soon be accessible to consumers all over the country.
More and more companies all over the world are starting to see the benefits of digital currency and its underlying blockchain technology. The year 2015 has seen some spectacular numbers regarding VC investment in Bitcoin and the blockchain, and Cherubic Ventures will add another RBM 30m to that total. Funding future innovation in the digital currency and blockchain industry is never a bad thing.
Interesting technological events are happening in Estonia right now. Ever since the country started their E-Estonia citizenship program, a lot of interested parties have been keeping a close eye on the proceedings. Just last week, E-Estonia announced blockchain-based notary services thanks to a partnership with BITNATION. But that is not all, as the Estonian government is asked to shed some light on their Bitcoin stance in the near future.
Bitcoin ransomware has been plaguing various companies and institutions for quite some time now. Up until this point, most traditional financial institutions were spared from ransomware attacks but that situation has come to change. Three Greek banks are being targeted by Bitcoin ransomware, and the hackers are requesting a total sum of €21m to decrypt the files.
As much as digital currency enthusiasts would like to steer away from the banking system as we know it today, collaboration between both worlds will be quite important for the foreseeable future. Even Santander’s, Mariana Belinsky, seems to think along those lines. Any innovation in the Fintech industry will need some form of support by traditional financial institutions and Bitcoin – or Ripple, in this case – are no exception.
With the evolution of the payment landscape and constant change these days the main question is what kind of solutions can we use in every single store. According to Walmart executive Mike Cook, it will not be a payment method support by NFC, nor will it be Google Wallet. This announcement narrows down the field and leaves Bitcoin as one of the possible options.
It is not often we can take the time to educate people on some of the core Bitcoin terminologies, but some misconceptions need to be addressed sooner rather than later. The recent issues affecting the Blockchain.info wallet and website are causing many people to believe there is something wrong with the Bitcoin blockchain, although they are two different matters entirely.
The combination of Bitcoin and regulation is not a happy marriage so far, but that doesn’t mean things are not going to improve sooner or later. Ever since BitLicense was released in the state of New York, many companies decided to abandon that local market. But Bitcoin Sportsbook mBit Casino is seeing a major increase in the number of bets ever since the NY Attorney General announced restrictions.
Generating a passive revenue stream with digital currency is something most people can only dream of these days. Openledger, the recently launched decentralized exchange, is planning to provide exactly that type of functionality. Danish Bitcoin and cryptocurrency exchange CCEDK is launching a new currency that offers holders a share in both current and future revenue streams.
Ever since banks and other financial institutions around the world have started to show an interest in blockchain technology, the Bitcoin community has been speculating on what projects might entail from this interest. In the case of Lloyd’s, one of London Market’s key players, there seems to be a keen interest in using blockchain technology to revolutionize insurance markets as we know them.
Insurance Sector is Ripe For The Picking
The financial sector has seen little to no innovation over the past fifty years, and the lack of thinking ahead is clearly showing as of late. In fact, hardly anyone can make sense of the financial system we use today, not even the people who are actively working in the sector on a daily basis.
Many people around the world would like nothing more than to keep an eye on the Bitcoin price at any time of any day. However, that is not always possible, as people need to work and sleep as well, every now and then. Real Coin Tickers has come up with a creative solution to solve this problem, with their recently launched Tixie, a physical Bitcoin price ticker.
It is no secret how there seems to be a major opportunity for digital currency to gain mainstream adoption in the iGaming world. Even though Bitcoin adoption is still fairly slow when looking at things on a global wallet, companies like Cubits are working hard to pave the way. Thanks to this convenient wallet service, iGaming operators from all over the world can accept Bitcoin payments without too much hassle.
As we celebrate Black Friday today, various companies in the world of Bitcoin and digital currency are offering some special discounts for a limited time. Both popular trading card game Spells of Genesis, as well as Bitcoin debit card provider E-Coin, have special offers for customers all over the world.
Spells of Genesis Black Friday Sales
Black Friday is all about snagging up some interesting discounts on goods or services people are interested in. In the case of Spells of Genesis, which is a blockchain-based trading card game, there will be several in-game store discounts of up to 20%. Several in-game blockchain-based cards will be made available at a discount.