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Perspective: Will Facebook Make Crypto Relevant For The Underserved?
Earlier this month, the WSJ reported that Facebook is building a team and getting its crypto ducks in a row to launch a “cryptocurrency-based payments system on the back of its gigantic social network.” Public details on the effort are thin and may have been outshone by news that one of Facebook’s co-founders is calling for the company to break up. But the fintech world is predictably aflutter about the perils and opportunities of a brand new digital coin that could allow users to hold and send money safely and securely to nearly every socially networked person on the planet.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- cryptocurrency, fintech
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China says bitcoin is wasteful. Now it wants to ban mining.
An executive who works closely with Chinese mining firms told WIRED that although the ban was widely expected to move forward, miners expect it will take years for the government to fully rein in their operations.
- Categories
- Technology
- Region
- Asia Pacific
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Regarding Facebook’s cryptocurrency
This is not Facebook’s first venture into virtual currencies, payments, or peer-to-peer payments via messenger app.
- Categories
- Finance, Technology
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Crypto-currencies gaining popularity in Kenya
Interest in virtual currencies is rising across the African continent, especially in Kenya, Africa's Silicon Valley.
- Categories
- Finance, Technology
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Fintech leaders debate the future of crypto at Davos
While programs like bitcoin likely won’t be taken up by large governments or financial organizations, there are other applications for blockchain that could prove worthy.
- Categories
- Finance, Technology
- Tags
- blockchain, cryptocurrency, fintech
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The Age of Crypto-Giving: Why Cryptocurrency Will Become an Important Driver of Nonprofit Donations
In the U.S. alone, total charitable donations rose to a new high of $410 billion in 2017. Meanwhile, there are now more than 1,600 unique cryptocurrency tokens or coins spread across the world, with an aggregate value of over $100 billion dollars. According to Engiven CEO James Lawrence, the alignment of charitable giving with emerging cryptocurrency technologies represents "one of the most important fundraising opportunities for nonprofit growth since the adoption of electronic giving." He explains why in this thought-provoking post.
- Categories
- Finance, Technology
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UNICEF Backs Blockchain Projects, Bitmain Shutters Israeli Development Center
The organization, which is the charity effort of the United Nations for children, is reportedly putting $100,000 toward the effort.
- Categories
- Technology
- Tags
- blockchain, cryptocurrency, startups
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IMF Head Says Central Banks Should Look At Issuing Digital Currency
According to the Financial Times, as it stands now, central banks are divided on how to respond to the increase in digital payments and digital tokens.
- Categories
- Finance
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