Japan’s Fisco Ltd. is experimenting with selling bonds denominated in bitcoins, figuring that the digital currency will eventually become a legally recognized financial asset in Japan and help boost its business.A unit of the Tokyo-based financial information provider issued three-year debt worth 200 bitcoins to another firm in the Fisco group on August 10, in what likely is the first such deal in Japan, according to Masayuki Tashiro, the company’s chief product officer.
Financial technology (FinTech) is pressuring banks and financial institutions (FIs) in the Southeast Asian region to rethink on how to improve their business strategies in particular to enhance interaction with their customers.The FinTech Association of Malaysia (FOAM)’s Chairman David Fong said one of the significant changes that will be seen is the reduction of branch banking as customers particularly the millennials shift to digital banking.In fact, he said traditional FIs are finding it h
In an era of modernisation and digitalisation in tandem of a fast paced world, cryptocurrencies are quickly gaining popularity. This is especially true with the rise of digital entrepreneurs across the globe. Fortunately for these digital savvy entrepreneurs, rising prices and powerful tech-based consumer community, the landscape for cryptocurrencies is widening. This is in line with the emergence of other types of cryptocurrencies besides the pioneer Bitcoin.
Bitcoin soared past $4,000 for the first time on growing optimism faster transaction times will hasten the spread of the cryptocurrency.The largest digital tender jumped to a peak of $4,125.17 on Monday, a gain of 15 percent since Friday, after a plan to quicken trade execution by moving some data off the main network was activated last week.
A recurring challenge for bitcoin and other cryptocurrencies is how to make them work in the real world. A Singapore-based startup says the answer is its Visa card.TenX is pitching its debit card as an instant converter of multiple digital currencies into fiat money: the dollars, yen and euros that power most everyday commerce. The company said it takes a 2 percent cut from each transaction and has received orders for more than 10,000 cards.