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.
In a surprising turn of events, the US Department of Justice [DOJ] organized a conference on digital currency and blockchain technology earlier today. Even though many people active in the Bitcoin space see the DOJ as one of digital currency’s strongest enemies, this conference will help the people in charge understand why these concepts are of such great importance to citizens and businesses.
It has been quite an interesting week for Bitcoin and fintech enthusiasts. In what may be the biggest headline of the week – which hasn’t received all that much attention – a decentralized FinTech Exchange platform was announced. OpenLedger is the name, and the goal is to let users convert bitcoin to smart coins that can be used within a completely decentralized system.
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Online wallet services are not the most decentralized form of using digital currency, but they are of great value to novice digital currency users all over the world. RIbbitRewards is one of the leading online digital currency wallet services, and the team has recently expanded their list of supported coins. Notable additions are Ethereum, Dash, and Litecoin.
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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.
Most Bitcoin enthusiasts around the world are focusing their promotional efforts on explaining blockchain technology to novice users and anyone who will listen. At this point, most of the blockchain technology development efforts are focused on the financial aspect. Blockchain Capital is planning to change that.
Blockchain Capital, Formerly Known as Crypto Currency Partners
The name Blockchain Capital may not ring a bell with some of our readers, and that is only normal. This firm started out under the name Crypto Currency Partners and is best known for the person in charge, who is none other than Brock Pierce. But that is not all, as this firm has made a name for itself due to its investments in Bitcoin and blockchain-related projects.
A shock wave was sent through the digital currency community yesterday when news broke about the partnership between Western Union and Ripple. With Bitcoin remittance solutions popping up left, right and center, it was only a matter of time until one of the dominant players in the market decided to do something about it. But, why the choice of Ripple?
Ripple & ZipZap Take on Western Union
At the beginning of October in 2014, Ripple Labs Inc. expanded the distribution of their digital currency Ripple (XRP) and money transfer software by partnering up with ZipZap Inc. For those of you who have never heard of ZipZap Inc., the company has created a cash transaction network and decided to open it up to alternate payment methods.
Paul Buitink, Professor at the Department of Economics at the Universidad San Francisco, Quito, Ecuador and marketing manager for the Dutch Clevercoin exchange, strongly feels that the government should not be involved when it comes to creating money. In fact, Mr. Buitink also believes that we should not try to keep the current monetary system in tact either.
Flaws in the current Monetary System.
ISG3D Is quickly becoming a household name among Bitcoin and cryptocurrency enthusiasts, as they are one of the first companies to sell a full-fledged 3D printer in exchange for Bitcoin. Earlier today, I received word from the ISG3D team as they let me know they have partnered with Shapeshift.io to accept more cryptocurrencies as a form of payment.
ISG3D Partners With Shapeshift.io
When the original announcement was made about ISG3D accepting Bitcoin payments for their custom-built 3D printer, it sparked a fire of enthusiasm in the Bitcoin communities around the globe. As the company decided to directly cater to the Bitcoin crowd, they were embraced with open arms, and many people are considering ordering one of the 3D printers.
Instant cryptocurrency exchanging platforms such as ShapeShift.io are an intriguing additional to the world of digital currencies. As these platforms require no account registration and execute trades immediately, it makes exchanging currencies a lot easier compared to other exchange platforms. And ShapeShift.io keeps adding new coins, as their latest addition is Ripple.
The news about Ripple’s addition to the ShapeShift.io platform was made earlier today on the BitcoinTalk forums. Thanks to the addition of Ripple, the current number of cryptocurrencies available for immediate exchange is brought up to 14. Users can now easily trade XRP to and from other popular digital currencies such as Bitcoin, Litecoin and Dogecoin.