FinTech News Issue #5 December 17th, 2014

FinTech Articles

    For the financial purist, the idea of a sustainable digital currency is as fanciful as Santa Claus. But don’t say that to the believers who are convinced alternative payment methods -- like Bitcoin – are practical technology that has enabled new forms of payment protocols and value systems to enter the global economy.

    If you want further proof that Microsoft is going through a transformative phase, you may be interested to hear that the company has jumped on the bitcoin wagon.

    This week we had several important upgrades to counterpartyd. Notably, the numeric asset names feature, released for testing several weeks ago, included a regression, which unfortunately required that a fix be pushed to all clients rapidly. Also, there was a potential security vulnerability that was fixed before it went live

    Apple has a new payment option for US and UK customers. Payments can be even split via PayPal.

    There is an incredibly boring problem in the music industry for which Bitcoin offers a potentially fascinating solution. In fact, I think this might be one of the coolest and most immediately worthwhile applications of distributed ledger and payment network technologies such as Bitcoin

    Stripe, a payments startup that in the past year landed partnerships with Apple, Twitter and Facebook, has raised a $70 million investment at a valuation of $3.5 billion.

    A recent study has examined the internet behavior of the Germans and quantifies the degree of digitization to 51.3 out of 100 points. In other words, there is still some work to do to improve Germany's digital fitness.

    Global computing giant Microsoft has added bitcoin as a payment option for a variety of digital content across its online platforms.

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