International Monetary Fund (IMF) Poll Shows People Prefer Crypto Payments

On April 10th, IMF launched a tweet poll asking “How do you think you will be paying for lunch in 5 years?”. The choices include cash, cryptocurrency, a mobile phone, and bank card. The choice of Cryptocurrency received 56% of the 37,000 votes and the next choice was via mobile phone with 27%. Therefore, could IMF’s poll serve as a clue to what lies in the future: Mass Adoption of Cryptocurrencies? The potential of Crypto Payments being the main method of payments is very real. We would like to hear from you. ⬇ How do you think you will be paying for lunch in 5 years? #IMFmeetings #DigitalPayments — IMF (@IMFNews) April 10, 2019 The International Monetary Fund (IMF) is ...

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Wall Street 2.0

Emerging technologies such as artificial intelligence, big data, and blockchain are revolutionizing the traditional investment banking world. Investment banking is seeing its historical profit centers eroded by technology and regulations. Core processes are being automated or commoditized. As innovation progress, it is only a matter of time when the old wall street gets a new look, a Wall Street 2.0 if you will.  Progressive Investment Banking The biggest players in asset management, firms like Vanguard with total assets under management (AUM) comes close to the total AUM at the top banks. Across equity research, sales & trading, technology is replacing humans to fight poor performances and new regulations. Banks have figured out they can do more with less. Powerful tech-companies ...

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Justin Sun Calling Next Level Adoption with TRX Stablecoin, USDT-Tron

The professional feud between the Tron Foundation’s founder, Justin Sun, and Ethereum’s Vitalik Buterin is well-known. The full ‘battle’ can be read here on Chepicap or ToshiTimes. Depending on your philosophy, it seems like Justin appears to be winning on the surface. With USDT-Tron’s official launch be tomorrow, can a stablecoin put Tron (TRX) far ahead of its competition? Justin has said that Tron’s primary goal was to surpass Ethereum in dapps and smart contracts. So far, Sun has put several things in place including acquiring BitTorrent, launch several projects and partnering with several major players in the industry. In a tweet, Justin announces that Tron possesses 267,000 Dapp users at that time with 16236 active Dapp users. Second of the list is EOS ...

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Investing in Commodities Made Simple with Blockchain Technology

Investing in commodities, such as coal, gold or oil, can be difficult for investors. A major reason for this is that unlike stocks and bonds, commodities are not readily transferable and easily accessible to the average investor. Further, the complex way in which they trade through the futures and options markets can be a hurdle. In other words, an investor can’t just buy a barrel of oil. With the rise of Blockchain technology, tokenizing commodities can be a reality. What Are Commodities? Commodities are in general raw materials or goods that are grown or mined. The commodities market is where they can be bought and sold, such as precious metals, gold, coffee beans, oil, grains, energy, etc. People have been using physical commodities all around ...

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Coinbase Seeking to Enter the Remittance Market with their New Service?

Coinbase, the San Francisco-based cryptocurrency exchange, launches a new payments service for users to “send money internationally for free.” Is this a sign of the company’s future involvement with remittance? The exchange will be using two cryptocurrencies for the service, XRP, and Coinbase’s stable coin called USDC. XRP is the third-largest cryptocurrency by market capitalization. Tokens from the US-based tech company, Ripple, was added to Coinbase in late February. Despite being involved in a lawsuit, Coinbase still went ahead with listing XRP. However, the decision to do so becomes clearer with Coinbase’s international payment service.  Quoting from the website: “You can now send money to any user with a Coinbase account around the world using XRP or USDC. By using ...

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How MoneyFi can Disrupt the Remittance Market with Blockchain

Remittance is the transfer of money from a migrant worker to someone back in their home country. MoneyFi intends to disrupt this market with blockchain. The MoneyFi platform is a communication channel for cross border currency remittances based on digital assets trading. Users will be able to remit money via the MoneyFi App that uses its native cryptocurrency token “Nemoo” for settlement. The App is integrated into an existing infrastructure consisting of a global ATM processing network that will facilitate newly developed fiat-crypto hybrid ATMs.  But first, let’s take a look at the current remittance market. Traditional Remittance Market People have always moved in search of better work prospects due to the high-income (or high currency value as compared to home) ...

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