Article: Why Traditional Banks are Embracing DeFi to Catch Challenger Banks

Crypto, Decentralized Internet

Why Traditional Banks are Embracing DeFi to Catch Challenger Banks

As crypto becomes more mainstream as the likes of VISA begins to allow transactions across its payment network, there is clearly a growing need for traditional banks to turn to newer models of financing. In turn, this is creating an opportunity for financial institutions to bridge the gap between the ‘fringe’ technologies such as crypto and blockchain, and financial services.

In spite of this growing adoption, there’s much to be done before DeFi adoption becomes the norm in finance; and challenges around security and regulation are proving some of the biggest stumbling blocks. To be able to significantly grow the adoption of decentralised finance and for traditional financial institutions to realise its benefits, we must properly address these security concerns as an industry.

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Article: Is cryptocurrency the future of the mortgage industry?

Crypto, Innovation

Is cryptocurrency the future of the mortgage industry?

The company’s founder and principal owner told Mortgage Broker News that blockchain and decentralized finance were set to “take the whole industry by storm” as Matrix announced last week that it would accept cryptocurrency for payments of goods and services.

“If you’re not prepared for what’s to come [in terms of] automation and Smart Contracts, then you’re really going to get sideswiped with the amount of technology that’s coming down the pipeline,” he said. “I’m more confident now than ever with the market and the crypto space. I figured: it’s time to really put my foot forward and say, ‘We’re here to stay, let’s get this thing going.’”

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Article: Bitcoin: Latest Price Record Is Irrelevant Compared To ‘Quiet Revolution’ Of Cryptocurrency, Experts Say

Blockchain, Crypto

Bitcoin: Latest Price Record Is Irrelevant Compared To ‘Quiet Revolution’ Of Cryptocurrency, Experts Say

In the longer term, the underlying technology could see this growth sustained through its ability to transform the financial system through radically more efficient payments and transactions through its peer-to-peer network.

“An ongoing pandemic may be furthering a safe haven narrative for bitcoin, particularly in emerging markets where bitcoin is gaining traction,” said Paolo Ardoino, chief technology officer of leading cryptocurrency exchange Bitfinex.

“While this particular all-time high will make headline, daily price movements are of little consequence in comparison to the quiet revolution that is blockchain technology… This rally could possibly herald bitcoin’s first meaningful encroachment into the legacy financial system and credit card industry.”

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Article: Jobchain Brings Cryptocurrency “JOBs” To Job Seekers and Employers Anywhere

Blockchain, Innovation

Jobchain Brings Cryptocurrency “JOBs” To Job Seekers and Employers Anywhere

Jobchain streamlines the processes of finding work for job-seekers and finding employees for employers. For those searching for work, merely input your details, education and experience into Jobchain’s ‘Wallet’ function; this information will be stored here for employers to peruse at their own leisure. Employers can decide between the profiles uploaded on the platform, sorted by location, availability and compensation level to find their ideal candidate. This significantly increases the efficiency and speed of both parties in finding work.

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Article: How Is Blockchain Changing the World? Application, pros, and cons of blockchain

Blockchain

How Is Blockchain Changing the World? Application, pros, and cons of blockchain

Any company, whether it is a 20Bet sports betting site, a small home business, or a huge entertainment company, is looking to reduce the paperwork and the number of middlemen – blockchain can be the answer to these problems.

Blockchain technology is replacing an army of people in government agencies involved in document verification. Blockchain will replace the concept of digital signature: it will remove fake websites, virus programs, fake news, online piracy. The blockchain is capable of confirming the authorship of the material.

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Article: Bitcoin is green technology

Blockchain, Crypto

Bitcoin is green technology

Is Bitcoin a wasteful use of energy?

Of course not! Every system has financial and ecological costs, but how many systems are measuring practical ROI?

People focus on Bitcoin’s consumption, but not Visa’s, for example. Have you considered what Bitcoin can create per kilowatt compared to what the centralized economy can do with the same kilowatt? All systems have consumption which is repurposed in the attempt to create extra value so that efficiencies can be sold to the world in order to make profit. But the real question should be if there’s more profit to be made by using Bitcoin as a tool for efficiency rather than other existing solutions.

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Article: 4 Ways Blockchain Is Revolutionizing FinTech

Blockchain, Money

4 Ways Blockchain Is Revolutionizing FinTech

Blockchain technology is best known as the tech that underpins cryptocurrencies. Bitcoin, Ethereum, and all the other 4000 cryptocurrencies operate via blockchain, making it one of the most important recent innovations in finance.

Here are four ways blockchain is revolutionizing fintech.

  1. It creates a digital ledger
  2. It protects against fraud
  3. It removes third parties from transactions
  4. It democratizes money management

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Article: 3 Reasons Bitcoin Could Double Your Money (and More)

Crypto, Money

Concept art depicting a Bitcoin token.3 Reasons Bitcoin Could Double Your Money (and More)

Investors should remember Bitcoin is a highly volatile asset. In fact, it has lost over half its value several times over the last decade. For instance, between December 2017 and December 2018, the price of a token fell more than 80% — and it’s possible (perhaps even likely) that a similar event will occur again.

However, for investors who can tolerate that type of risk and volatility, Bitcoin could be a rewarding long-term investment.

Here are three reasons Bitcoin could double your money (and more).

  1. Bitcoin is powered by blockchain
  2. Bitcoin benefits from scarcity
  3. Bitcoin is the most popular cryptocurrency

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Article: Visa takes a major step toward embracing cryptocurrency

Blockchain, Crypto, Money

Visa takes a major step toward embracing cryptocurrency - CNETVisa takes a major step toward embracing cryptocurrency

Visa on Monday announced that it will now allow the use of cryptocurrency to settle transactions in its payment network. USD Coin — a stablecoin backed by the US dollar — will be used to settle transactions with Visa over the Ethereum blockchain, according to a release.

Visa is piloting the program with Crypto.com and said it plans to offer USDC settlement to more partners later this year.

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