Bitcoin's value continues to skyrocket, reaching a market value of $73.6 billion last Thursday, according to Fortune. Starting next week, the Swiss private bank Falcon will allow wealthy clients to store and trade bitcoin directly with their bank holdings. "Falcon Private Bank was the first bank to offer bitcoin directly to its clients, and thus created history," Bitcoin Suisse CEO Niklas Nikolajsen said in a press statement. "Their decision to follow up by adding ether as well as other crypto-assets has made them the go-to private bank for crypto-asset holders and investors." CoinDesk reported the bank will soon also expand to ether, litecoin and bitcoin cash.
Have you ever considered cryptocurrency as the future of payments? In the last few years enabling PayPal or Apple Pay was the most significant trend, but how can the trend move further? With the increasing number of cryptocurrencies available, companies should at least consider cryptocurrencies as a payment method if they want to stay competitive and gain market traction with crypto users. Before you make your decision, let's look at the pros and cons of using crypto as a payment option. After a recent Blockchain Event, I received an informative book detailing over 100 different cryptocurrencies.
When businesses latch onto a buzzword, it quickly becomes the solution to everything. Not long ago, in the era of "big data," companies scrambled to add chief data scientists to their ranks. Before that, vendors of all manner touted their innovative social, local, mobile solutions (or SoLoMo, in industry parlance). Lately, corporations have been talking nonstop--on conference panels, in TED Talks, in pitchdecks--about artificial intelligence. But in this moment, few business trends can compete with the magic of blockchain technology.
In an interview with LearnBonds, the CEO of eToro Yoni Assia talked about the future of cryptocurrencies, and how it was inevitable that central banks would launch their own Central Bank Digital Currencies (CBDCs). The firm focuses on copy trading, CFD, stocks and crypto trading. Yoni Assia, the CEO of eToro considers that it is a matter of time for central banks to launch Central Bank Digital Currencies. About it, Mr. Assia commented: "For me, the question is when and how, not if central banks will launch digital currencies – it is inevitable." He went on saying that whether they will call them'cryptocurrencies' is another question considering that these digital assets will require permission from governments.