Compared to Traditional Banks, Crypto Lenders See Booming Growth

2020-1-31 17:52

A lukewarm U.S. economy is making big banks like JPMorgan Chase struggle to produce fast loan growth - even with interest rates close to historic lows. Yet, in the white-hot cryptocurrency industry, lenders are burgeoning.

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growth banks lenders close historic lows even

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Libra’s dependence on governments, central banks is its biggest weakness, claims eToro CEO

The steady growth of the cryptocurrency market has caught the attention of a lot of major tech giants, including the likes of Facebook, JP Morgan and now, Telegram. Out of these, Facebook’s Libra remains the most talked-about project, not only owing to its huge user base, but also due to the several hearings which have […] The post Libra’s dependence on governments, central banks is its biggest weakness, claims eToro CEO appeared first on AMBCrypto.

2019-9-4 17:30


International Monetary Fund’s Lagarde Sees Fintech as a Prevailing Force, Alternative to Banks in the Next Crisis

The World Economic Forum was held this week in Davos, and there were many major players in the traditional finance and cryptocurrency worlds discussed globalization. Christine Lagarde, the managing director of the International Monetary Fund (IMF) hosted one of the panels, and she had plenty to say about the growth of fintech and the need […]

2019-1-26 20:54


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Why Cryptocurrency Custody Solutions Are on the Rise

The last six months has witnessed significant growth in the number of businesses and banks launching cryptocurrency custodial services. These solutions give institutional investors peace of mind that their assets are secure, insured, and under the care of a trusted third party, freeing them from responsibility for safeguarding their cryptocurrency.

2019-1-22 19:47


Are Central Bank-backed Cryptocurrencies the Real Future of Blockchain Assets?

There have been discussions, since 2014, concerning central banks and the issuance of digital payment vehicles. The formal term, Central Bank Digital Currencies (CBDCs) are at the center of most of the discussions, which the Bank for International Settlements (BIS) and the International Monetary Fund (IMF) are heading. There has also been growth in the […]

2018-12-9 13:08


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Bitcoin and Other Cryptocurrencies Not Significant Threats – Says US Federal Reserve Chairman

While a good number of central banks see bitcoin and other cryptocurrencies as significant threats to their survival, the United States Federal Reserve Chairman, Jerome Powell, said on July 18, 2018, that the exponential growth in the price of bitcoin and the increasing adoption of cryptos doesn’t bother him.

2018-7-21 13:00


Ripple: Blockchain is About Growth Not Cost Savings

A Ripple Executive has downplayed the cost-savings of blockchain technology over traditional banking arguing that growth is a stronger message for attracting business clients, including banks. Blockchain: Next Evolution of the Internet Danny Aranda, Managing Director of Strategic Growth at Ripple, discussed how the firm attracts banks to their payment solutions and how they work.

2018-6-14 10:00