It is no secret that major banks have a vested interest in the future development of blockchain technology. But as you would come to expect from a financial system where total control and centralised authorities play a major role, banks are not necessarily leaning towards Bitcoin. In fact, Santander InnoVentures – part of the Santander group – has pumped another US$4m into the Ripple ecosystem.
It is no secret that venture capitalists are keeping a close eye on the Bitcoin sphere. While 2015 has already seen a heavy influx of money into Bitcoin companies, the year is not over yet. Even companies such as Boost VC are being open about their picks and investments, as after all, without decent entrepreneurs, there is no reason to invest in any Bitcoin company!
Boost VC Number Crunching Since 2012
Do keep in mind the following numbers have been presented by Boost VC themselves and are a combination of three years of investments and business. Overall, these numbers are pretty promising all across the board, even though it might still be too early to tell if they are the correct choices.
Traditional financial institutions from all over the world are slowly realizing they need to either innovate or perish. The system of banks, as we all know it, is coming to an end sooner rather than later unless there is a new form of technology to prevent that. Bitcoin’s blockchain is being eyed by many financial institutions around the world, but that doesn’t mean they will integrate Bitcoin anytime soon.
Arjan van Os Dislikes Bitcoin With A Passion
Most of ABN Amro’s development revolving around blockchain technology is taking place over at their Innovation Center, which is led by Arjan van Os. Blockchain technology is incredibly interesting and valuable to financial institutions, and ABN Amro is just one of the world’s major banks to experiment with this type of innovation.
One of the heavy topics of debate, which has been going on for years now, is whether or not Bitcoin is ready for mainstream consumption. Despite the increase in venture capitalist funds in both 2014 and 2015, the overall performance of this disruptive virtual currency has been rather lackluster. Or that is what the everyday consumer seems to think, even though that vision is not shared by everyone.
Blockchain technology is enjoying a lot of worldwide attention, with people from different sectors looking to harness this powerful tool for their own needs. Stampery is a new startup that focuses on certifying all documents in existence, by using blockchain technology to do so. Notaries around the world better beware, as they might be replaced sooner than one might think.
Stampery Aims to Be A Blockchain-based Notary Service
The name Stampery is relatively unknown in the world of technology, however, that situation might be about to change very soon. Their service focuses on providing legally binding proofs for all sensitive documents belonging to a user or company, by using Bitcoin’s underlying blockchain technology.
Bitcoin companies from all over the world are making a name for themselves once they get a chance to demo their project at an accelerator or startup competition. Everledger is a Bitcoin startup looking to wield the power of blockchain technology to fight diamond theft. Their business idea did not go by unnoticed, and the company recently won 30,000 EUR in a BBVA competition.
Introducing novice users to the world of Bitcoin and other virtual currencies is not an easy task. That being said, there are certain options to explore when trying to bring in new community members. One of the ways to successfully do that, as Spells of Genesis has proven, is by combining virtual currency with a card game.
Spells of Genesis Takes The World By Storm
At the start of August, the Spells of Genesis team begun their 30-day crowdsale journey. EverdreamSoft, the company behind this virtual currency/card game hybrid, was taken aback by the immediate success of this crowdsale, as more than 240 Bitcoin was raised within the first two hours. That line of success continued when the funding goal of US$200,000 was reached a few days later.
It has been in the making for quite some time, but now Fidor Bank has finally opened its doors to the public in the United Kingdom. Most Bitcoin enthusiasts will know the name Fidor Bank for their presence in Germany and their openness towards Bitcoin companies and startups. With this UK launch, Fidor Bank can bring banking relations to UK Bitcoin companies while the main banks are still refusing to do so.
Titanium Comics has been making a name for itself in the Bitcoin community over the past few months. Not only is this company one of the first to sell their published work in exchange for Bitcoin payments, but they are also offering a limited edition of “The Arcane #2” using Ascribe.io. It seems that managing a digital work of art on the blockchain is the way forward for content creators.
Various banks around the world are experimenting with Blockchain technology, which can only be seen as positive news for the future of Bitcoin. One Dutch bank is taking things a bit further, as they are looking into using Ethereum’s concept for their own needs. A smart cash wallet is allegedly in development, which could combine the banking infrastructure with distributed ledgers.
Rabobank Embraces Disruptive Blockchain Technology
As much as some Bitcoin enthusiasts would like to see things differently, virtual currency is not here to overthrow the banks overnight. In fact, most banks and other financial institutions are showing some level of interest in leveraging Bitcoin technology for their own needs. With little to no innovation in the financial sector over the past 60 years, Bitcoin has shaken up things on a large scale.