Bitcoin has been around now for eight years and is maturing with a sizeable market capitalization, with more than 25 mln wallets in circulation. Adoption has benefited from post-Brexit activities, the U.S. elections and in the past week has been further boosted by events in China with currency exit and with India’s new currency reforms.
Things are hotting up for Bitcoin. But is terminology holding it back?
Two new startups are gunning to get their cards into the wallets of tech-savvy Brits.
Soldo and the "U" account are entering an already crowded market of startups pitching some form of card tied to a mobile app.
By one measure, Sweden already lives in the future: Only 2% of its transactions are still done in cash.
Experts predict that in four years the use of debit cards and mobile payment apps will cause the rate to fall even further, to 0.5%. Sweden's central bank is even considering launching a digital currency.
You might think the US is equally high-tech, but in the land of innovation, people still pay with cash about a third of the time.
The fintech phenomenon is moving away from an obsessive focus on front-end customer experience, extending the reach of startups into at least 30 new areas of traditional banking activity, according to an analysis by McKinsey.
It's no secret that what the world calls "blockchain" has evolved.
From its invention for the bitcoin blockchain to its implementation in new alternatives that take the idea in unintended directions, this expansion has had a dramatic effect on the industry.
Likewise, with CoinDesk's Q3 State of Blockchain, we continue to attempt to reflect these changes in the taxonomy of the report.
The fintech sector is being shaped by shifting market conditions, new regulations, and changes in consumer demands and behaviors.
There was a time when retail banks had their heads in the sand when it came to embracing the mobile phone revolution — but not anymore.
A new report from App Annie shows that while apps from retail banks still lag behind those of their upstart competitors in user ratings, some have have seen their usage grow rapidly, buoyed by new features.