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World’s First Blockchain Smartphone to Become Available in Bangladesh
Finney’s launch in Bangladesh comes amid a trend of growing smartphone ownership in the country.
- Categories
- Technology, Telecommunications
- Region
- South Asia
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Does Social Impact Investing Work In Crypto?
The crypto and blockchain sector offers a number of ethical investment choices.
- Categories
- Investing
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Viewpoint: Libra’s Top-Down Model Doesn’t Match Its Financial Inclusion Mission
Though the use of Libra to pay for a Spotify subscription, an outfit on Farfetch, or a holiday on Booking.com is certainly an on-ramp for mainstream adoption, the appeal and necessity of such services to the underbanked, as part of the currency’s underlying mission, is mismatched.
- Categories
- Finance
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China’s Proposed Digital Currency Will Help Banks Bridge Gap on Mobile Payment, Curb Dominance of Alipay, Wechat
Banks’ participation in the central bank’s digital currency will help them better compete with third party payment network operators.
- Categories
- Finance
- Region
- Asia Pacific
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Viewpoint: For Facebook’s Cryptocurrency, the Well May Already Be Poisoned
Facebook's new Libra coin is asset-backed and runs on a restricted network, which could make it as stable as a major currency — setting it apart from other, much more volatile cryptocurrencies like Bitcoin.
- Categories
- Finance
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60 Latin American Banks Can Now Use Bitcoin for Cross-Border Payments
"The integration of Bitex into Bantotal program represents a major step in the breakthrough of blockchain technology in banking," said Bitex Chief Marketing Officer Manuel Beaudroit.
- Categories
- Finance
- Region
- Latin America
- Tags
- blockchain, cryptocurrency
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Viewpoint: Facebook’s Foray Into the World of Banking and Finance Is an Ethical and Regulatory Minefield
In particular, Libra is likely to flourish in highly remittance-dependent economies, like those of the Philippines, Bangladesh, Nepal, and the Pacific Island nations, because high remittance inflows will inject Libra into the local financial ecosystem. The average cost of remittances, globally, is 7 percent, which is scandalous.
- Categories
- Finance
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Facebook Is Inviting Washington to Regulate Libra — Good Luck With That
By not being classified as a bank, Facebook is able to avoid some of the rules that other banks have to follow.
- Categories
- Finance, Technology
- Region
- North America