Headlines for the world of Cryptocurrencies - September 28, 2017
Morgan Stanley CEO disagrees to Dimon: 'Bitcoin is more than just a fad'
Two weeks ago, the CEO of JPMorgan Chase, Jamie Dimon said that 'Bitcoin is a fraud' during a live interview in CNBC and cause Bitcoin's price to drop immensely.
Today, in contrast to what Dimon said, the CEO of Wall Street's Bank James Gorman told The Wall Street Journal that 'Bitcoin is more than just a fad'.
He said that the idea of anonymous currency is a very interesting concept because of the privacy protection that it gives to the people which is something that the central banking system can not provide.
Even though he has not personally invested on Bitcoin, he had known various people who have bought a stake in the market.
He also said that even though the market is highly speculative but it is not something that is inherently bad but a natural effect of the whole blockchain technology.
It seems that the now infamous Dimon statement 'Bitcoin is a Fraud' is replaced by Gorman's 'Bitcoin is more than just a fad'.
LON: The World's First Regulated Bank to Sell Bitcoin via ATM
Central and commercial banks nowadays are beginning to embrace Bitcoin and its technology and the support is continuously growing throughout the world.
A Slovenian savings Bank, Hranilnica LON is the first ever in the world to become a regulated bank to sell Bitcoin straight from its existing ATMs.
During a press conference on September 25, 2017, LON has introduced its newest bitcoin service incorporated into its ATMs installed throughout the country.
The service will allow its customers to buy bitcoins directly from the banks ATMs by purchasing bitcoin coupons.
Japan is working on a Customer Digital ID using Blockchain for Banks
Japan's Financial Services Agency is currently developing a platform that uses the blockchain technology that will allow Japanese consumers to share their personal information to multiple banks and financial institutions at once.
The user will be able to choose to register a 'shared ID' account which will be shared to other banks.
The platform can be accessed by the user through a smartphone app authenticated through biometric authentication.
This will negate the hassle re-entering personal information in opening another account at a different bank.
Since it is stored and shared over an immutable blockchain, the customer's personal data and information is secure and safe.
Headlines for the world of Cryptocurrencies - September 27, 2017Ripple Launches new Office in Singapore / A Possible End to Chinese ICO Ban may happen on the October 8th Comunist Congress Election |
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Headlines for the world of Cryptocurrencies - September 26, 2017Kakao Talk Creator is Launching a Cryptocurrency Exchange Upbit / Omise and McDonald's Thailand Partnered to Provide a Smooth Payment Experience for Mobile and Online Orders / LocalBitcoins has just Finished Compensating Customers of their Bitcoin Cash |
Headlines for the world of Cryptocurrencies - September 25, 2017Mastercard hints on adopting to a Blockchain Settlement System / Australian Solar Startup Power Ledger partners with a Major Energy company to start Blockchain Trial |
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