Currency

Jul
07

Saxo Payments calls for Fintech Industry to step up and help merchants reach their full international trading potential

The findings from the latest Financial Stability Board (FSB) underlines the on-going challenges faced by businesses, when trading internationally, reinforcing the findings produced in Saxo Payments White Paper Cross Border Payments for Cross Border Merchants – An Internationally ‘Local’ Future – published last week. Anders La Cour, CEO of Saxo Payments: “The latest report highlights […]

By International FinTech | Currency . FinTech . Payments
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Jun
30

Investors are preparing to give fintech app Revolut £50 million even though it’s bleeding money

Fast-growing fintech app Revolut is close to sealing a £50 million funding round that will value the nascent company at £300 million, Sky News reports. London VC Index Ventures, already an investor in Revolut, is leading the round, Sky says. Silicon Valley investor Ribbit Capital is also said to be taking part in the round. […]

By Reposted by International FinTech | Currency . FinTech . Investing . Payments . Venture Capital
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Jun
13

A new way to raise money: The Initial Coin Offering

The digital currency ecosystem has had a crazy year. The Bitcoin market capitalization has grown from $11 billion on June 5, 2016 to almost $47 billion USD on June 5, 2017. Negative news during that time included a 120,000 BTC heist from Bitfinex, worth $65m then and $350m now. The Winklevoss twins sought to create […]

By Reposted by International FinTech | Bitcoin . Currency . FinTech . Investing . Venture Capital
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Jun
12

Bitcoin price crosses $3,000 milestone to set new all-time high

The price of bitcoin topped $3,000 for the first time in history today, according to the CoinDesk Bitcoin Price Index (BPI). After spending much of the last week seeking direction in the $2,700 to $2,900-range, the average price of bitcoin across major international exchanges edged up over this threshold finally at roughly 17:00 UTC. The […]

By Reposted by International FinTech | Bitcoin . Currency . FinTech . Investing
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May
26

Bitcoin prices surge, here’s why cryptocurrency is skyrocketing

Bitcoin prices are skyrocketing. Business Insider reported Thursday bitcoin hit a record high, exceeding $2,700 per coin, up from $1,400 on May 1. The world’s second most influential cryptocurrency, Ethereum’s ether tokens, also broke its record this week. Ether is now evaluated at more than $200 per token, CoinMarketCap reported. For comparison, ether was selling […]

By Reposted by International FinTech | Bitcoin . Currency . FinTech . Investing
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May
23

Cryptocurrency market cap reaches $77bn, surpasses Uber and Airbnb

The cryptocurrency sector has seen massive gains in the past few weeks. Almost every single altcoin has increased in value in one way or another this month. According to coinmarketcap, the overall market cap surpassed $77 billion. To put that in perspective, crypto is valued more than some of the world’s most successful startups such […]

By Reposted by International FinTech | Bitcoin . Currency . FinTech . Investing
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May
18

Fintech unicorn Transferwise achieves first profit

U.K. financial technology (fintech) firm Transferwise claimed it has achieved its first operational profit six years after it was founded in London by Chief Executive Taavet Hinrikus and his fellow Estonian Kristo Kaarmann. The global fintech unicorn, which means it is a start-up valued at more than a billion dollars, is a currency exchange that […]

By Reposted by International FinTech | Currency . FinTech . Payments
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Apr
12

Total Market Cap of Digital Currencies nears $30 Billion

Digital currencies reached a new high today, surpassing $28 billion, a more than doubling from their previous all-time high of around $12 billion back in 2013. Indicating an increasing interest in digital currencies and the wider blockchain space. The main driver is, of course, bitcoin, which is nearing $20 billion once more after rising for […]

By Reposted by International FinTech | Bitcoin . Blockchain . Currency . FinTech . Investing
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