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Cryptocurrencies converge with payments as bitcoin soars
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Our Friday fintech newsletter starts with a look at UK banking disruptor Revolut and its new cryptocurrency trading and payments offer in partnership with Bitstamp. The convergence of cryptocurrency and payments is going to be bumpy but Revolut just moved the bar for competitors.
Jehan Chu, Kenetic Capital managing partner provides a view of cryptocurrencies from his Hong Kong perspective and offers some valuable insights into altcoins as well. Also we feature a CNBC interview with Alan Greenspan, former Federal Reserve chairman who offers a history lesson and compares bitcoin with the 1775 ‘Continental‘ currency which became worthless by 1782.
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Revolut and Bitstamp put cryptocurrency payments in consumer hands
UK fintech bank Revolut continues its disruptive ways with the launch of a new cryptocurrency feature added to its mobile banking services with the help of digital currency exchange Bitstamp. Revolut said its customers will be the first to buy, sell and hold three cryptocurrencies – bitcoin (BTC), litecoin (LTC) and ethereum (ETH) – in any of 25 fiat currencies, eliminating foreign exchange fees charged by competitors. Read more…
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Asia perspective on bitcoin & blockchain market drivers
Jehan Chu, Kenetic Capital managing partner in Hong Kong, discusses his forecast for bitcoin and the global acceptance of cryptocurrencies. He offers a unique Asian investor perspective on cryptocurrency, blockchain and altcoins, and expects to see $50,000 bitcoin in 2018. Read more…
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Former Fed Reserve Chairman Alan Greenspan talks history and cryptocurrency
Former Federal Reserve head Alan Greenspan compares bitcoin to “Continental currency” issued in 1775 by the new US Congress to help finance the need for guns, ammunition and supplies for the American Revolution. The currency allowed George Washington’s new government to create a market for goods and services although the government kept issuing new currency causing it to become worthless by 1782. Read more…
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