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FinTech Rundown
GIbraltar
The Fintech Rundown that brings you the news and tells you why they are important! 
eToro launches new crypto-wallet
eToro releases its crypto wallet enabling
users to go beyond trading, by providing
users with the ability  to send and receive
Bitcoin, Ethereum, Bitcoin Cash, and
Litecoin. At present, eToro is the world's
largest trading network with more than 10
million registered users. Enabling such a big
community to perform payments, by
sending and receiving crypto-assets
through the wallet, may well encourage and
accelerate the adoption of crypto-assets as
an 'everyday' method of payment.
Central banks' may soon issue cryptos
According to Christine Lagarde, the head of
the International Monetary Fund (IMF),
central banks are considering whether to
issue digital currencies. The head of the IMF
also asserts that such interest is very
desirable and that transactions would
become safer and cheaper if States were to
take on the liability of issuing and
monitoring the use and distribution of
digital currencies. Whereas, on the one
hand, the potential involvement of central
banks points toward a future of digital
currency, on the other hand, it also raises
questions as to the future of privately issued
digital currencies and crypto-assets as an
'alternative to standard banking'. Many
attribute the establishment of Bitcoin, the
first crypto-asset, to the lack of trust in the
banking system, and as a solution to its
defects thanks to the de-centralised
character of the underlying technology
(blockchain). Would the de-centralised
character of cryptos cease to exist if central
banks were to take on the management of
digital currencies?
Revolut takes on the US
British fintech startup Revolut is raising a
$500m (£389m) series D round from the likes
of Japanese mega-investor Softbank, in order
to fuel its aggressive expansion plans into the
US. As one of the fastest growing FinTech
companies, having recently surpassed
3,000,000 million customers, it will be
interesting to see whether Revolut can
maintain its upward trajectory by cracking
the US market and continuing to disrupt the
traditional banking sector.
SCAN ME FOR MORE

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Hassans

  • 1. FinTech Rundown GIbraltar The Fintech Rundown that brings you the news and tells you why they are important! 
  • 2. eToro launches new crypto-wallet eToro releases its crypto wallet enabling users to go beyond trading, by providing users with the ability  to send and receive Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. At present, eToro is the world's largest trading network with more than 10 million registered users. Enabling such a big community to perform payments, by sending and receiving crypto-assets through the wallet, may well encourage and accelerate the adoption of crypto-assets as an 'everyday' method of payment.
  • 3. Central banks' may soon issue cryptos According to Christine Lagarde, the head of the International Monetary Fund (IMF), central banks are considering whether to issue digital currencies. The head of the IMF also asserts that such interest is very desirable and that transactions would become safer and cheaper if States were to take on the liability of issuing and monitoring the use and distribution of digital currencies. Whereas, on the one hand, the potential involvement of central banks points toward a future of digital currency, on the other hand, it also raises questions as to the future of privately issued digital currencies and crypto-assets as an 'alternative to standard banking'. Many attribute the establishment of Bitcoin, the first crypto-asset, to the lack of trust in the banking system, and as a solution to its defects thanks to the de-centralised character of the underlying technology (blockchain). Would the de-centralised character of cryptos cease to exist if central banks were to take on the management of digital currencies?
  • 4. Revolut takes on the US British fintech startup Revolut is raising a $500m (£389m) series D round from the likes of Japanese mega-investor Softbank, in order to fuel its aggressive expansion plans into the US. As one of the fastest growing FinTech companies, having recently surpassed 3,000,000 million customers, it will be interesting to see whether Revolut can maintain its upward trajectory by cracking the US market and continuing to disrupt the traditional banking sector.
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