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Invoice Financing is a popular business function in small and medium businesses which are in an urgent need of cash. Invoice financing, for those who may not be aware, is a process which involves businesses selling off their invoices to third party financers in exchange for instant cash. These invoices are sold off to financers at a discounted price which they can later cash with the debtors to get the full value.
France’s Finance Minister, Bruno Le Maire, is the latest high profile person to embrace the power of crypto as he realizes the benefits that virtual currencies offer.
We know that cryptocurrency prices have a reputation for taking investors on a rollercoaster ride. Bitcoin was trading at over $ 20k one week, then dropping to $ 8k a few weeks later. However, this pendulum swinging isn’t just reserved for the markets.
Prominent figures who initially had one opinion on crypto are doing a 180 and adopting a completely different outlook (ahem, Jamie Dimon). France’s Finance Minister, Bruno Le Maire, is yet another Bitcoin backtracker in the wake of crypto discussions held during the recent G20 summit in Argentina.
Peer-to-peer finance is heralding an economic revolution, and Paxful is leading its charge against centralized financial institutions.
The world is changing despite the fact that a large percentage of the populace is unaware of this fact. An economic revolution is taking place online through the auspices of P2P finance that features the buying and selling of cryptocurrency, especially Bitcoin. Paxful, the innovative cryptocurrency exchange, is helping to lead this decentralized revolution against traditional financial institutions.
Jack Dorsey, the brains behind Twitter and Square, has once again expressed his support for cryptocurrencies. In his most recent interview, Dorsey predicted that Bitcoin will be the only currency used for internet transactions in the coming 5-10 years.
Speaking with British publication The Times, Dorsey said that even with the value slump that Bitcoin has been experiencing for the past couple of months, he sees no discernible long-term problem for the crypto powerhouse. In his view, Bitcoin will not only make a comeback but also seep into the market to the point that it will be usable for facilitating everyday transactions such as buying a pack of cigarettes or a cup of coffee.
In a six-page letter to the Dutch senate and house, Finance Minister Wopke Hoekstra has outlined his concerns over the rapid and dramatic growth in cryptocurrencies.
Hoekstra emphasized that there has been little time to understand and react to the changing landscape and that the current supervision and regulatory framework is ill equipped to deal with it. Because of the cross-border nature of the technology and markets, closing those gaps requires a unified approach across governments and borders. The minister will actively be working in a European context, but the entire process will take time and coordination between disparate governments and agencies.
Wopke Hoekstra, the Dutch finance minister, has issued a letter to Holland’s parliament describing the current regulatory framework pertaining to cryptocurrencies as “insufficiently equipped.” The minister advocates the development regional and international regulatory efforts in response to the burgeoning digital currency phenomenon.
Also Read: Excessive Crypto Regulation Not Optimal, EU Banking Authority Says
Mr. Hoekstra’s letter discusses the current regulatory framework in place governing cryptocurrencies, in addition to “bitcoin futures and other high-risk derivatives such as binary options.”
London based FinTech company BlockEx are bringing several innovations to the world of the digital exchange. They aim to disrupt the way the world trades by combining the best features of both traditional and digital trading. In addition, they provide tools for managing the entire lifecycle of blockchain based digital assets.
The core of the service is their Digital Asset Exchange Platform (DAxP). This is a fully featured online exchange, offering real-time trading with HFT (high-frequency trade) capabilities. The system is designed to allow trading of any DLT (distributed ledger technology) based asset and provides full fiat on and off rails.
Frank Conway – Economics and Finance Lecturer – interviews Dan Ariely, Deirdre McCloskey, Alvin Roth and others on economics, finance, bitcoins, income and money similar to EconTalk and Freakonomics – Economic Rockstar
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View Details about Frank Conway – Economics and Finance Lecturer – interviews Dan Ariely, Deirdre McCloskey, Alvin Roth and others on economics, finance, bitcoins, income and money similar to EconTalk and Freakonomics
One of the most obvious use cases for blockchain technology comes in the form of deploying smart contracts. Unlike its traditional contracts counterparts, a smart contract operates completely autonomously without relying on any human oversight. It goes without saying this technology holds a lot of promise, both in and outside of the financial world.
Also read: What You Should Pay Attention To in The 2016 Tech Industry
Despite its success throughout the years, there are a lot of people who still think the blockchain hype will go bust in the next few years. While there are several thousands of use cases for this technological marvel, very few of those concepts have come to fruition. The year 2016 will be an interesting one for the blockchain and Bitcoin alike, as all of the VC funds has to start paying off sooner rather than later.
Also read: Tips For A Successful Conversation in FinTech and Bitcoin
