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Citibank Working on Its Own Version of Bitcoin In a report, IBTimes UK, Ken Moore, head of Citi Innovation Labs the bank has been looking at distributed ledger technology for “the last few years” and has amassed a skilled team. The news report from the online portal informs that Citibank claims that they have constructed three blockchain and a test currency to run across them. Moore was quoted saying that his company ...
Bitcoin News Mash-Up: BitX Expands; Waiver for Greeks; and More BitX Launches in Nigeria Singapore-based Bitcoin startup BitX has announced to launch its operations in Nigeria, a decision that promised to improve the country’s remittence sector to a wonderful extent. In its blogpost, the company mentioned how it was receiving requests from the Nigerian customers, traders and businesses, something that led them to ...
PayPal to Acquire San Francisco-based Xoom PayPal, the giant company that provides money transfer services around the world, has agreed to acquire San Francisco-based Xoom, a company that facilitates the digital transfer of money internationally. According to the announcement the all-cash deal values Xoom at $890 million, or $25 a share. PayPal President Dan Schulman was quoted saying that expanding into international ...
Bitcoin is Fast Substituting Traditional Payment Solution in Remittance Market Though remittances is expected to grow slow sharply in 2015, as Europe and Russia stay weak, there is still a huge market out there that is waiting for cheap and easy as well as fast international transfer of money. Total remittances in 2014 reached $583 billion which is more than double the official development assistance (ODA) in the world. Whereas ...
Morgan Stanley Falling prices have impacted heavily on investments in the commodities markets. Many companies are now steering well clear of commodities on the whole. More and more of the big companies are now staying away from commodities trading, but this has paved the way for companies like Castleton Commodities International to become one of the major players in the industry. Of equal importance is the fact that analytical ...
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