Monthly Archives: May 2021

Jason Simon explains why stablecoins aren’t on the same level as cryptocurrencies

Stablecoins could undermine global financial stability and the world's major economies must address this risk by implementing an appropriate regulatory framework. It should be noted that when the first cryptocurrencies were created, they were conceived as elements of exchange, not savings. However, at present, due to the actions of their users, cryptocurrencies experience large fluctuations [...]

May 23rd, 2021|Categories: News|Tags: , |

Jason Simon explains how FinTech is helping revolutionize payment processing

The term FinTech has been defined by the Financial Stability Board as the process of innovation in the financial sector led by technology. As a result, new processes, applications, or business models are being developed that change the production or supply of financial services. New technology is modifying areas of established entities and new purely [...]

May 17th, 2021|Categories: News|Tags: , |

Jason Simon explains FinTech and its benefits to business growth

More and more companies are offering innovative and attractive services based on new technologies for the financial sector, the so-called FinTech. This growth is due to the benefits for the companies that decide to contract these services. Their use has many advantages over traditional financial services, regardless of the type of company that uses them. [...]

May 12th, 2021|Categories: News|Tags: , |

Cryptocurrencies gain mainstream access to Latin American consumer markets

Cryptocurrencies are reaching a tipping point in Latin American payments, as multiple entities, from global payment networks to central banks, begin to embrace digital money. Driven by their lower-cost method of transferring funds, the consumer market across Latin America is embracing crypto and beginning to adopt it at record speed. Although clear regulations would give [...]

May 7th, 2021|Categories: News|Tags: , |

Visa to settle certain cryptocurrency transactions in crypto

In late March, Visa announced that it would begin accepting payments in the cryptocurrency USD Coin (USDC) directly. Visa's press release came on the heels of MasterCard's recent announcement that it would soon begin facilitating crypto transactions and it marks a transition by financial institutions to further embrace crypto and treat it as they would [...]

May 7th, 2021|Categories: News|Tags: , |

Visa expands interest in cryptocurrency for underbanked customers

Visa announced this week a new partnership with Tala, a digital financial services provider in emerging markets. The new arrangement is designed to provide easier access to cryptocurrencies for underbanked consumers, realizing one of the original goals of Bitcoin when it was first described in Satoshi Nakamoto's white paper. Through the integration with Circle and [...]

May 7th, 2021|Categories: News|Tags: , |

An upcoming auction organized by Sotheby’s highlights Bitcoin’s rise in popularity

Sotheby’s announced recently that it is embracing cryptocurrencies. It explained that, in an upcoming auction of Banksy’s “Love is in The Air,” bidders can be prepared to use their digital assets in order to win, with both Bitcoin (BTC) and Ether (ETH) to be accepted. This marks another example of cryptocurrency’s continued acceptance as an [...]

May 7th, 2021|Categories: News|Tags: , |

JPMorgan is embracing cryptocurrency and the implications are huge

JPMorgan Chase is likely to become the largest US bank to embrace cryptocurrency as an asset class. Plans have been announced that could see the financial institution launch its efforts as early as this summer through the introduction of an actively managed Bitcoin (BTC) fund. The fund has not yet been confirmed on the record [...]

May 7th, 2021|Categories: News|Tags: , |

Big banks could launch cryptocurrency trading this year

The era of US banks looking down upon the cryptocurrency space might be coming to an end. According to a report by CNBC, New Digital Investment Group (NYDIG), a digital currency investment management firm, has signed an agreement with FinTech heavyweight Fidelity National Information Services (FIS) to offer a platform for US banks to offer [...]

May 7th, 2021|Categories: News|Tags: , |

Jason Simon explains the role NFTs have and why they have become popular

The cryptocurrency market moves in waves. Bitcoin remains the undisputed leader of the blockchain industry, but as major banks and investment funds accumulate Bitcoin, retail investors are always trying to find "the next big thing" that can repeat the unprecedented success of the original cryptocurrency. Now, Non-fungible tokens (NFT) can already be declared the most [...]

May 7th, 2021|Categories: News|Tags: , |
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