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Month: June 2019

Central banks can issue digital currencies in the future

The International Monetary Fund (IMF) considers that central banks can issue digital currencies in the future, according to an IMF report of June 27. According to the full document, the IMF and the World Bank conducted a fintech survey that requested responses from financial institutions of all member countries, and…

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How Facebook’s cryptocurrency will change the financial landscape

Binance wants to list the Libra cryptocurrency of Facebook when it is published. In a series of interviews this week with industry media, Binance’s chief strategist, Gin Chao, revealed that the main exchange of cryptocurrencies was in the initial conversations with the leading social media platform in the hope of…

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A new product is available to be traded on the leading Swiss stock exchange

The Swiss financial technology company Amun AG has launched a new product traded on the leading Swiss stock exchange, SEX. Which will track the prices of ten basic digital assets. As detailed in the press release issued by Bitwise Asset Management, the new ETP will be compared to the cryptocurrency…

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What Fintech have been doing in terms of financial inclusion

Traditional banking and technology based financial companies commonly referred to as fintech maintain a war that seems to have no end. The camera that groups these companies, where Mercado Pago stands out, came out to respond with harsh criticism from the banks, who have been insisting for some time now…

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Spain: Fintech companies point to the centennial market and compete against traditional banks

In the absence of products that meet the needs of the centennial market, new fintech proliferate that break with traditional bank proposals and several options are offered in Spain. This was reported by that financial comparator to Cointelegraph en Español, on June 18, through a press release. Centennials or Generation…

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Will Libra shake up financial services and banking?

Facebook’s first foray into the financial world prompted an immediate question yesterday: how far will your new digital currency shake up traditional financial services? The vision of Facebook promises a world where banks and other means of payment are disintermediated by Libra, which could allow instant and almost free international…

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The entry of major technology companies in financial services could change to the banking sector

Banks in the European Union could have an instantaneous payment system by 2020, according to a Reuters report of June 26. According to the report, real-time payments have been possible in the euro zone since 2017, but only about half of the banks in the bloc adhered to the initiative.…

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A fintech initiative will launch a virtual credit card offering customized financing solutions

Mastercard will launch with the fintech Pagantis a virtual credit card, which will offer customized financing solutions. According to what both companies have explained, the card will be available in the coming months in Spain, Italy, France and Portugal. A step to the long-term plan Paloma Real, the general director…

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