Boston Federal Reserve President Eric Rosengren notes that Tether could be a “disruptor” to short term credit markets.
Powered by WPeMatico
Category: credit
Auto Added by WPeMatico
Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor
In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project and global stablecoins. Also read: SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as […]
The post Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor appeared first on Bitcoin News.
Powered by WPeMatico
Moody’s Gives Thumbs Up to UAE’s Know Your Customer Blockchain Platform
Moody’s praises UAE lenders on a proposed blockchain-based Know Your Customer platform
Powered by WPeMatico
Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans
U.S.-based Silvergate Bank has launched a bitcoin collateralized loan product with Bitstamp as its launch partner. The crypto exchange will act as the bank’s agent to manage and provide custody for bitcoin collateral. The product utilizes Silvergate Bank’s Exchange Network to fund loans and process repayments in real time. Also read: Regulatory Roundup: EU-Wide Crypto […]
The post Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans appeared first on Bitcoin News.
Powered by WPeMatico
CREDIT, the African Cryptocurrency Unlocking Massive Potential
Blockchain developer TERRA has revealed some of its newest addition to its ever-expanding ecosystem. The latest products have been tailored to meet the needs of people in developing countries such as Nigeria, whose people are struggling to gain access to basic banking and payment facilities. The South African blockchain platform is set to aid the redistribution of wealth for the unbanked through its native token CREDIT. By ensuring the 2 billion unbanked earn its cryptocurrency as annual passive income on their smartphones, those targeted will undoubtedly unlock the market potential of the unbanked, already estimated to be worth over a
The post CREDIT, the African Cryptocurrency Unlocking Massive Potential appeared first on The Merkle Hash.
Powered by WPeMatico
African-based Cryptocurrency CREDIT is Thriving in Emerging Markets
African based blockchain project Terra recently celebrated the first anniversary of Credit (CREDIT) block production. Credit is a decentralized proof of stake cryptocurrency that is simple to mine and rewards its holders with passive income. November 20, 2019, Johannesburg SA – Johannesburg-based blockchain project and trading platform TERRA has announced a huge slew of products to focus on the development of digital payments processing in developing nations such as Nigeria. In addition to the project’s main focus, Credit (CREDIT) decentralized cryptocurrency, the company has developed 8 supporting products that each offer something groundbreaking to various emerging markets. These exciting new developments include: MiniPOS – MiniPOS is
The post African-based Cryptocurrency CREDIT is Thriving in Emerging Markets appeared first on The Merkle Hash.
Powered by WPeMatico
Three Bank Failures Open New Chapter in Never-Ending Financial Crisis
The collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be […]
The post Three Bank Failures Open New Chapter in Never-Ending Financial Crisis appeared first on Bitcoin News.
Powered by WPeMatico
How Crypto-Based Microfinance Benefits Small Businesses
Starting your own business isn’t easy given the reluctance of banks to grant credit. Gone are the days when a compelling business plan would be enough to have the branch manager shaking your hand and bankrolling your venture. For entrepreneurs in developing nations, where even obtaining a bank account can prove challenging, getting their idea […]
The post How Crypto-Based Microfinance Benefits Small Businesses appeared first on Bitcoin News.
Powered by WPeMatico
PR: Coinseed Announces Its SEC Filed Crowdfunding Campaign
Coinseed is a platform for spare-change investment and cash back rewards in crypto. Since they launched in Dec 2017, they have acquired nearly 20k users through organic growth and built several new features. As they are now preparing to scale up the business, Coinseed launched its SEC filed crowdfunding campaign and you can join here.
The post PR: Coinseed Announces Its SEC Filed Crowdfunding Campaign appeared first on Bitcoin News.
Powered by WPeMatico
PR: trade.io Enables Purchase of Cryptocurrencies With USD and EUR
Monday, February the 4th, 2019, Hong Kong, Crypto exchange trade.io has announced a partnership with payment processor Simplex, enabling clients to purchase a range of popular cryptocurrencies by credit or debit card.
Initially, the solution will support the purchase of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), & Bitcoin Cash (BCH) with USD or EUR. Management of trade.io have also confirmed that more coins and currencies will be added for purchase at a later stage.
The post PR: trade.io Enables Purchase of Cryptocurrencies With USD and EUR appeared first on Bitcoin News.
Powered by WPeMatico