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Coronavirus Insurance Payouts Can Be Processed on Blockchain, Virus Disrupts Crypto Events

As the world is joining efforts to help with coronavirus treatment and spread, the blockchain technology is now being employed for related insurance payments.Blockchain technology is now seeing some new applications because of the deadly coronavirus. According to a recent report from the South China Morning Post, a mutual aid service known as Xiang Hu Bao has now started using blockchain technology to process insurance claims related to the coronavirus from its many customers.Blockchain Used...

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Bitcoin-Konkurrenz: Wird diese neue digitale Währung Bitcoin vernichten?

China Blockchain Report Chinas neue Kryptowährung gilt als „Bitcoin-Killer“: Im Jahr 2019 haben sowohl Bitcoin als auch andere Kryptowährungen Zentralbanken sowie deren Regierungen dazu veranlasst, digitale Währungen neu zu bewerten und weitaus ernster zu nehmen. Indes entwickelt China eine eigene digitale Währung, welche als eine Form der Reaktion auf die Libra von Facebook...

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Nubank Wins Big in Latin America’s Fintech Community

While it may not be in the normal scheme of things for fintech companies to make it big within just a few years of operations, fintech startup Nubank has done that. Sources indicate that the Brazilian startup has gone from strength to strength and has become one of the leading forces in the global fintech space due to a few gutsy moves by its CEO David Vélez. It all started when David was reading about how mobile apps were now being used to manage money in a new and different way in China...

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KPMG Unveils Its 2019 Fintech100 Rankings, Bitcoin-Related Companies Slip Down

On Monday, November 18, the big-four auditing giant KPMG unveiled its ranking for the top 100 companies in FinTech for 2019. The report shows that the Chinese and Asia-Pacific regions have dominated the rankings.Alibaba‘s payments wing Ant Financial topped the 2019 FinTech100 KPMG rankings. Last year in 2018, the payments and transactions companies dominated the rankings along with other companies from the insurance, wealth management, and lending sector. Another observation from the report...

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Alipay to Serve 10 Million European Businesses in Five Years

Leading financial services company Alipay has indicated that it will enable 10 million European small and medium enterprises to be able to reach more than 2 billion customers which come from all corners of the world to Europe. Alipay intends to do this within the next five years. The payment service indicated this yesterday at the Alipay Partners Global Summit which held in London. It also expanded its partnership with Worldline which is its principal acquirer in the region and also...

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ARPA’s Binance Community Voting Round & Growing Momentum Following President Xi’s Comments

Photo: ARPA OfficialARPA – the layer two privacy-preserving computation protocol – is set to square off against Carry Protocol, a data purchase platform on Ethereum, in Binance’s second round of the Community Coin Vote (CCV). Voting will begin at 4 AM 5 November (UTC) and will incorporate Binance’s new rules for the CCV that allocates a BNB rewards pool to the runner-up and reduces the BNB holding period of 9 to 7 days. ARPA winning voters will split a rewards pool of 15 million ARPA tokens,...

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Alibaba Group (BABA) Now Owns 33% of Jack Ma’s Ant Financial

After the close of a successful deal, a third of Jack Ma’s online financial services provider, Ant Financial, is now owned and controlled by Alibaba Group Holding Ltd (BABA). The deal is more than a few years in the making as it was first proposed that both giant companies initiate much stronger collaborative efforts more than five years ago. Both companies were started by Ma.Originally starting as Alipay, Ant Financial was founded back in 2004 and by 2013, it had overtaken PayPal as the...

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