WAToday reports that Bitcoin is a speedy and cheap solution to "avoid being gouged by brutal online banking costs" when sending money across borders. The article sites an unusual case in which Crystal Fong, 29, an entrepreneur on travel from Australia to Tokyo found herself in a prickly situation. Both her debit cards (from 2 different banks) were cancelled at the same time. Both banks cited ATM...
Ericsson, a world leader in communications technology, releases a new report that reveals the financial services industry is already "exhibiting some early indicators of potentially dramatic industrial disruption" due to cryptocurrencies. The research report, titled Horizon Scan: ICT and the Future of Financial Services, conducted by Ericsson and Imperial College London, explores the implications...
BitHalo, "the world's first released working smart-contract software" announces the release of version 2.1 to compete head-to-head with the likes of Paypal and Western Union. The self-proclaimed "mother of smart contracts" launched its decentralized escrow client in July 2014 for blackcoin only. In August 2014 it added Bitcoin, making it "the world's first multi-coin client." Smart Contracts One...
What happens, behind the scenes, when you swipe your credit or debit card? And the bigger question: can you trust all the parties involved? When you swipe your credit card at a retailer, potentially hundreds, if not thousands, of people could be involved in that transaction. How is that possible? Isn't money moving directly from your account to the merchant's account? Identity + Access =...
Coin Center, an educational and research institution, today launched its website with the aim of focusing on public policy issues facing Bitcoin and other cryptocurrencies. Coin Center, "a new voice for Bitcoin," announced the launch of its website and its mission: "To build a better understanding of the technology in order to promote a regulatory climate that preserves maximum freedom of action...