Cryptocurrency: Redefining the Future of Finance
Over the last five years, Bitcoin users and transactions have averaged a growth rate of nearly 60% per year. Similarly, private and public investors have deepened their commitment to cryptocurrencies including Ethereum, Ripple, and Stellar — and a number of others across the industry.
How Blockchain Apps will Enhance Supply Chains
“Noting its potential, some of the key players in the industry – from governments to start-ups to multinational corporations – are looking into blockchain solutions for a variety of uses. Here are three potential applications.”
Central Bank of Sweden Considers a Digital Currency
The central bank of Sweden is considering issuing a digital currency. If the so-called e-krona is introduced, Sweden would be the first European country to have central bank-backed virtual money, just as it was the first to issue paper banknotes more than 300 years ago.
Why Bitcoin Benefits from a Global Networked Economy
Last year held plenty of surprises for investors, and they collectively helped make bitcoin the best-performing currency of 2016. The currency’s value more than doubled in 2016 to reach $1,029 on Tuesday, a three-year high.
Source: World Economic Forum
Blockchain: Exploring the Numerous eCommerce Apps
Cross-border remittance, in particular, is seen as an area where blockchain technology could have a very positive impact on the old business process. The total value of ‘official’ cross-border remittance in 2015 was $582 billion, of which $436 billion was sent to recipients in emerging or developing nations.
Source: Digital Lifescapes
Blockchain: Enable Faster and More Secure Transactions
A new market study by Juniper Research has found that the total value of Venture Capital (VC) investment into blockchain technologies and Bitcoin companies totaled $290 million in the first 6 months of 2016, with more than thirty startups receiving funding during that time.
Source: Digital Lifescapes
Bitcoin Transactions will Exceed $92 Billion in 2016
The total value of Bitcoin transactions is expected to exceed $92 billion this year — that’s up from less than $27 billion in 2015. The research found that transaction volumes continued to be concentrated overwhelmingly on the exchanges, with Bitcoin now trading at values almost 50% higher than at the beginning of the year.
Source: Juniper Research
Explore the New Age of Financial Transaction Infrastructure
IDC expects payments through Ripple, or similar protocols, to grow exponentially. As such protocols supersede Bitcoin, the distinction between crypto-currencies and new payment protocols will become clearer, and the banking industry will embrace them.
The Future of Cryptocurrency in Global Online eCommerce
According to the latest market study by Juniper Research, the number of active Bitcoin users worldwide will reach 4.7 million by the end of 2019 — that’s up from just over 1.3 million in 2014.
Why U.S. Consumers Avoid Using the New Digital Currencies
Digital currencies remain a controversial topic, and recent research suggests that education is key to driving consumer usage. In July 2014 polling, 48% of U.S. internet users were concerned about potential fraud with virtual currencies like Bitcoin.
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