Will the New UK Government Create a Bitcoin Hub?
www.coindesk.com/...he-new-uk-government-create-a-bitcoin-hub/
Bitcoin in the Headlines: Nathaniel Popper Strikes Media Gold
However, the New York Times wasn't the only media outlet focusing on bitcoin this week, with Bloomberg and The Wall Street Journal devoting their share of articles to the emerging technology.
www.coindesk.com/...lines-nathaniel-popper-strikes-media-gold/
The Future of Crypto Exchanges and the Race ‘to Become as Decentralized as Possible’
“Unless the banks change their approach soon, British [bitcoin] buyers and sellers will move towards peer-to-peer platforms.”
cointelegraph.com/news/114365/...-as-decentralized-as-possible
Weekend Roundup: MasterCard Deploys 'P2P' Payments Service in the US, Bloomberg Issues Bitcoin Report
"Users will be able to use the Bitcoin Debit NanoCard to pay for goods and services in restaurants and shops as well as online. They can also be used at ATMs worldwide. It requires no verification, allowing users to remain anonymous."
cointelegraph.com/news/114360/...oomberg-issues-bitcoin-report
Bitgold, Inc. Purchases GoldMoney.com for Nearly $52M
“With the technology of the BitGold platform, we can expand the GoldMoney legacy of trust, security, and a client centric purpose to new markets, growing from a much stronger base and benefiting all stakeholders. Combining the first global e-marketplace for gold with the latest and most innovative, we instantly become the world’s largest and most active bullion money service.”
cointelegraph.com/news/114358/...s-goldmoneycom-for-nearly-52m
The Millennial Generation: Banking’s Big Problem, and It’s a Good Thing (Op-Ed)
The banking space has felt the effects of this more than any other industry to date. It is pretty safe to say that millennials hate traditional banking. The Millennial Disruption Index is a three-year study based on extensive interviews with over 10,000 respondents who answered questions about which industries were most likely to be disrupted in the coming decades. Key findings include:
Millennials believe banking is at the highest risk of disruption out of all the industries in the survey.
53% think their banks offer nothing different from other banks.
71% would prefer to go to a dentist than listen to what banks are saying.
1 in 3 are open to switching banks in the next 90 days.
Four leading banks — JP Morgan, Citibank, Bank of America and Wells Fargo — are among their least favorite brands.
They also have big ideas on the future of money and finance:
68% believe accessing money will be different in five years.
70% believe paying for things will be different in five years.
33% believe banks aren’t needed at all.
50% believe startups will change the way banks works.
73% would be more excited about a new offering in financial services from Google, Apple, Amazon, Paypal and Square than a nationwide bank.
FinTech Digest: Clinkle Implodes, Stripe Valued At $5B, Square Opens in Australia
Clinkle Implodes As Employees Quit in Protest Of CEO
Google's 'Buy Buttons' Will Soon Let You Shop from Your Phone
MasterCard Announces Centralized ‘P2P’ Payments
Vouch Raises $6 Million Series A For Its Social Network for Credit
Stripe To Land $5 Billion Valuation In New Investment
Cashless Payments Overtake The Use Of Notes And Coins
Citi Calls On UK Gov’t To Launch ‘Inevitable’ Digital Currency
Square Opens Local Office to Drive Register in Australia
21 Inc. Announces Embeddable Chips to Subsidize Bitcoin Mining
Startup NerdWallet Raises $64 Million in First Round of Funding
cointelegraph.com/news/114345/...-5b-square-opens-in-australia
Digital Payments Overtook Cash Transactions in 2014 in the UK
Crunching the Numbers
It is expected that in about a decade cashless payments will account for £28.8 billion, as opposed to £12.7 billion in cash trades.
In an interview with FT, Hannah Nixon, managing director of the UK’s Payment Systems Regulator, said that there is “no doubt we are moving into a new payments world.” This is very important news for the UK, since more than 44% of the country’s online payments are done via mobile phones.
cointelegraph.com/news/114340/...ransactions-in-2014-in-the-uk
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