FinTech

Created in 2009, Bitcoin is a virtual currency that uses Blockchain technology for secure payments and storing money electronically, without requiring a bank or a person’s name. Because there is …

Blockchain is a shared ledger for recording the history of transactions that cannot be altered. This revolutionary concept is helping reduce errors, frauds and inefficiencies. Check out the infographic below to learn …

The banking industry has traditionally been conservative in nature and extremely cautious with any kind of experimentation; this is especially true regarding blockchain. However, banks are starting to recognize that …

Bitcoin has come a long way since its creation almost eight years ago; however, there is still a long way to go before the digital currency becomes a widely used …

With cryptocurrencies increasing in popularity throughout the world, Kyrgyzstan has also started to think about how it will interact with them, both from an official (government-level) sense as well as …

Uport, a self-sovereign identity and user-centric data platform on the Ethereum blockchain, has made its platform available to the citizens of Zug, Switzerland. Registration on the blockchain, which requires verification …

The Central Bank of Uzbekistan (CBU) has released a special statement calling virtual money an instrument for financing terrorism. The special statement also declared that there was no plan for …

Air New Zealand has partnered with Swiss startup Winding Tree to explore blockchain technology for a number of potential uses, including retail airfares, cargo and baggage tracking, securing information and …

Mastercard has tested and validated its own blockchain and will be opening access to it via a set of three APIs published on the Mastercard Developers website. The APIs include …

M.Video (Russia’s largest consumer electronic retailer), Sberbank Factoring and Alfa-Bank have launched an open consortium aimed at the commercial use of blockchain-based technologies in the financial sector. The new platform …

The head of the International Monetary Fund (IMF), Christine Lagarde, believes that bitcoin and other cryptocurrencies do not pose a threat to central banks and traditional currencies. Moreover, she has …

Digital currency is gaining in popularity in Georgia, and the country even hosts two facilities of the world’s largest bitcoin-mining company. There are also an increasing number Georgian entrepreneurs mining …

As blockchain technologies being to enter Kazakhstan in the financial sector, so do ideas for how to implement these tools in other spheres. In the future, it is likely that …

Kazakhstan may become the first of all Common Economic Space countries to introduce its own cryptocurrency, which will likely become a digital analogue of the Kazakhstani tenge (KZT). It is …

Maryam Tagiyeva, the chief system architect of the British Research Center for Citizenship, Enterprise and Governance (CCEG), believes that Azerbaijan is in a position to become the world leader in …

Financial operations are the most common application for blockchain technology; however, blockchain can also be used in other situations such as staff recruitment. Currently, relations between companies and employees lack …

Learn about the difference between bitcoin and blockchain by watching this short video: Understand what blockchain is and how it works BFC FinTech Monitor (11th — 21st April) Why Banks …

Blockchain can help businesses reduce multi-party transaction settlement times to nearly zero, reduce overhead and reduce the risk in tampering and collusion. Check out this short video to learn how. London Blockchain Week …

Smart contracts are computer codes with predefined sets of rules that run on blockchains and set the conditions under for how all parties to the smart contract agree to interact …

Take a short test to evaluate the level of Digitalization in your bank’s operations. Take the test here. Video: banking on digital innovation — APIs Video: what is online lending? …