CryptoCoins News, 1/1/0001 12:00 AM PST Bitcoin price will make many people rich this year. The bullish prospects are self-evident and a steady parabolic advance, some time this year, will give bitcoin traders what they want. Bitcoin price waves, like all market charts, advance and decline between established support and resistance zones. This analysis is provided by xbt.social with a 3-hour […] The post Bitcoin Price Support and Resistance appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
CryptoCoins News, 1/1/0001 12:00 AM PST This is part 4 of CCN’s “Peace & Stability Through The Blockchain” Series. For part 1, click here. For part 2, click here. For part 3, click here. In this edition, we explore the way in which policing can be changed via public ledger technology. Similar to how blockchain-forward technologies streamline the border, the same […] The post Peace & Stability through the Blockchain: Policing appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
CoinDesk, 1/1/0001 12:00 AM PST How does bitcoin shape our perception of privacy in the digital age? Chainalysis co-founder Jonathan Levin explores. |
CoinDesk, 1/1/0001 12:00 AM PST Despite criticism of bitcoin's approach to payments innovation, its development process may have advantages over existing methods, observers argue. |
CryptoCoins News, 1/1/0001 12:00 AM PST The Keza app, an IOS app which allowed users to invest in bitcoin stocks and fixed incomes, has closed down shortly after launching, according to its website. The project had received $357,000 in funding backed by Digital Currency Group and Jason Calacanis of HOF Capital. The closing marks a setback for bitcoin investing in stocks since […] The post Plug Pulled On Keza App Allowing Bitcoin Investing In Stocks appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
CryptoCoins News, 1/1/0001 12:00 AM PST Recently the Russia’s National Settlement Depository (NDS), an organization that provides settlement and depository services, began testing blockchain technology as a potential solution for a corporate e-proxy voting system. The results will not shock you but the origin of praise for the system just might. NDS began looking into solutions for e-proxy voting in August of […] The post Russia’s NDS Uses Blockchain For E-Proxy Voting appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
Business Insider, 1/1/0001 12:00 AM PST This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here. PayPal posted success across all business segments in its Q1 2016 earnings presentation, held Thursday night. The firm added 4.5 million active accounts in Q1, bringing its total to 184 million users, and increased its total payment volume (TPV) to $81 billion, marking a 31% year-over-year (YoY) increase. PayPal is working to become an everyday essential full-service global financial platform for consumers, according to CEO Dan Schulman. That could help it stay competitive as an older player in an increasingly crowded digital and mobile payments landscape. And PayPal seems to be moving toward this goal, as evidenced by progress in several key focus areas.
The firm is also doubling down on international growth in order to continue to accelerate TPV and add more services. Only 56% of PayPal’s active accounts are based in the US, indicating a strong and growing international presence. Digital remittance platform Xoom, which PayPal acquired in Q4 2015, saw record activations in Q1 and grew net active users by 70%. PayPal could leverage Xoom’s relationships with financial partners worldwide as well as its strong and growing user base to accelerate its growth outside the US. And PayPal continues to grow Venmo, one of its peer-to-peer (P2P) transfer applications. The app processed $3.2 billion in transactions in Q1, marking an increase of 154% YoY. BI Intelligence previously estimated that Venmo's Q1 2016 volume would fall between $3.1 and $3.3 billion. The service's volume and addressable base could continue to increase as the service’s in-app payment platform, called Pay With Venmo, continues to grow. Pay With Venmo is currently available to 550,000 Venmo users, but should launch to the service’s entire base by the end of 2016, according to The Wall Street Journal. The world of payments is dramatically changing, and companies such as PayPal are shifting their strategies in order to keep up with consumers' desires and habits. Evan Bakker and John Heggestuen, analysts at BI Intelligence, Business Insider's premium research service, have compiled a detailed report on the payments ecosystem that drills into the industry to explain how a broad range of transactions are processed, including prepaid and store cards, as well as revealing which types of companies are in the best and worst position to capitalize on the latest industry trends. Here are some key takeaways from the report:
In full, the report:
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The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the payments ecosystem. |