Bitcoin

Highlights from Bitcoin in Emerging Markets Twitter Chat

Posted by on Sep 12, 2014 in Bank Innovation, Bitcoin, featured, Financial Inclusion | 0 comments

Highlights from Bitcoin in Emerging Markets Twitter Chat

On Sept. 9, I facilitated a Twitter discussion focused on the potential of Bitcoin and crypto currencies in emerging markets. Some highlights from the discussion include the following: To start we looked at the conditions in emerging markets Cash is still dominate and typical represents 80% of transactions. There are large unbanked or underbanked populations Those who can afford it the least, pay the most for banking services like remittances, bill pay. The cost is time, travel, and fees. Banks are much better at serving the elite then the mass market. Many products and services that scale well in developed markets struggle in emerging markets for a number of reasons...

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What to Expect at the upcoming Bitcoin Twitter Chat on Sept. 9 at 12 Noon Eastern

Posted by on Sep 5, 2014 in Bitcoin, Financial Inclusion, Financial Tech | 0 comments

What to Expect at the upcoming Bitcoin Twitter Chat on Sept. 9 at 12 Noon Eastern

Currency has evolved and come a long way from the days of bartering and paying with precious metals. And as cryptocurrencies, such as Bitcoin, continue to rise and flourish in the Digital Age, markets and layman consumers will have more questions than answers about how this new monetary system operates. On September 9th, Carol Realini will tackle some of those difficult questions circulating around Bitcoin, one of the most prominent cryptocurrencies in recent years, to start a discussion on the ways that this form of electronic currency is making an impact on emerging markets and the banking system, broadly. During this Twitter Chat, Carol will cover hot topics such as:...

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Bitcoin Making an Impact in Emerging Markets

Posted by on Aug 25, 2014 in Bank Innovation, Bitcoin, featured | 1 comment

Bitcoin Making an Impact in Emerging Markets

Software — not gold, silver, or paper — just might be the future of global currency. It’s a bold statement that’s starting to resonate within government corridors around the world. As recently as a few years ago, the “fad” of Bitcoin could’ve easily been dismissed. Today, this is no longer the case. Known as a cryptocurrency, Bitcoin and other peer-to-peer virtual currencies, have achieved widespread global acceptance within emerging markets including in China, India, Brazil and Kenya. Within these countries, Bitcoins are considered by some as safer long-term investments than either stocks or the national currency. While Bitcoin...

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Carol Realini Discusses Bitcoin & Emerging Markets

Posted by on Aug 22, 2014 in Bank Innovation, Bitcoin | 1 comment

Carol Realini Discusses Bitcoin & Emerging Markets

Alternative currencies are sweeping across the globe. And as global currencies adapt and evolve for The Digital Age, many are turning to Bitcoin to conduct transactions, both small and large. This shift has made it easier and more mainstream to conduct business via this young currency, leading more companies within emerging markets to bank on the future of it. This is truly a fascinating phenomenon to witness. While some people may seek to diminish its importance, the reality is that change is not unique in the annals of history. Indeed, every culture in the world has experienced the emergence of new forms of trade currency at some point in time, and many of those have...

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Why Bank Redundancy is Challenging but Essential to Payment Companies

Posted by on Jul 23, 2013 in Bank Innovation, Bitcoin, Entrepreneurship, Mobile Money | 0 comments

Banks provide underlying infrastructure to payment companies including trust accounts, prepaid services, bank transfers, card acquiring, connections to networks. Although essential relationships, they can also be challenging to develop.   One reason it is challenging to establish these relationships is that banks need to be cautious regarding their customers and they also need to be sure the customer’s requirements are a good fit for the banks service offerings.  Many times payment innovators struggle to establish one sponsoring bank – so getting more than  one is even tougher. But this redundancy is essential.   I learned this the hard way as many...

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