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Jinxed Bitcoin ATM Spews Out Cash at London's Bond Street Station

bitcoin atm

By CCN: It looked like someone won the bitcoin jackpot at London's Bond Street station. A video shows banknotes flying out of what appears to be a jinxed bitcoin ATM located near a shopping center. In the 20-second video, initially shared by Redditor skypirateX, a security guard is doing his best to stop anyone from taking the money. Onlookers watch while the money rained down into and around a...

London Residence Facility Accepts Bitcoin For Deposits And Rent

FinTech

Tenants at a London residence building can pay deposits in bitcoin, according to The Guardian. By year’s end, the building, The Collective, will also accept rent payments in bitcoin, marking the first time that a major developer in the United Kingdom has allowed bitcoin payments.   The Collective said its decision came in response to demand from international customers. On Monday, the online...

UK FinTech Investment Appetite Remains Strong despite Brexit

FinTech

Figures show that more than half a million dollars was invested into U.K. fintech companies during the first six months of 2017, over a third more than last year. According to trade body Innovate Finance, this shows that the U.K. is managing to stay abreast of things despite the uncertainty of Brexit. In the first half of the year, fintech companies raked in $564 million in venture capital...

Barclays Opens Europe's Biggest FinTech Center in London

Barclays FinTech

U.K. lender Barclays has announced that it has opened a new fintech center in London's Shoreditch dedicated toward discovering future business opportunities that aims to change the future of financial services. In an announcement from Barclays, the Rise London facility, which Barclays is claiming to be the largest co-working space in Europe, will be home to over forty fintech companies, in...

Britain's Chancellor Says FinTech is the next Industrial Revolution

UK Chancellor Philip Hammond

Fintech will change the way people do business and how they access their money, according to Philip Hammond, Chancellor of the Exchequer. While speaking at an inaugural International Fintech Conference in London, Hammond said that FinTech had the opportunity to fundamentally transform the structure of the world economy and how we live our day-to-day lives. He said: FinTech will transform the way...

Brexit Pushes One of UK's Biggest FinTech Startups to Move European HQ

London bitcoin crypto regulation

The CEO of TransferWise, a money transfer company that is among the most successful FinTech startups in Europe, has said at a conference in London that it will be removing its European headquarters from the English capital to maintain access to the single market after Britain leaves the European Union (EU) in two years. Speaking at the International Fintech Conference in London, Taavet Hinrikus...

VC Co-Founder: Ireland and Germany to Battle for FinTech Lead Post-Brexit

Fintech Brexit

Ireland and Germany are set to compete with each other as they both attempt to take the top spot as Europe’s FinTech hub once the U.K. breaks away from the European Union, according to a co-founder and partner at B Capital Group. In a report from CNBC, Raj Ganguly said that there is going to be an impact on the U.K. once it leaves the EU as a result of Brexit and that it looks as though London is...

UK's David Cameron Wants to Use Blockchain to ‘Fight Corruption’ in Governments

The U.K.’s former Prime Minister David Cameron said on Monday that the blockchain can be used to fight government corruption and that he is ‘excited’ about the potential that the technology presents. Speaking at the opening of FinTech startup Blockchain’s new London offices, Cameron said that what ‘most excites me is the potential that your technology has to fight corruption and to deal with...

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