PayPal and Venmo to Roll Out Crypto Trading

Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter. Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto. “My understanding is that they are going to allow buys and sells of crypto directly from PayPal and Venmo,” a well-placed industry source told CoinDesk. “They are going to have some sort of a built-in wallet functionality so you can store it there.”

World Food Program Replaces Banks with Blockchain

International officials are discovering they can sometimes avoid bank fees by replacing currency transfers with the technology at the heart of Bitcoin. The World Food Programme is expanding its blockchain-payments system, said Robert Opp, a director of the United Nations effort that feeds as many as 100 million people across 80 countries. The agency expects…

How Will the Bitcoin Mania End?

I’ve tried to remain pretty balanced in my view on Bitcoin and cryptocurrencies in general. Back in 2013 I said Bitcoin was definitely money and that the ideological hatred of it was irrational. This monetary view is consistent with the general view I have on cryptos as a part of someone’s portfolio – as I…

A Complete Beginners Guide To Blockchain

You may have heard the term ‘blockchain’ and dismissed it as a fad, a buzzword, or even technical jargon. But I believe blockchain is a technological advance that will have wide-reaching implications that will not just transform the financial services but many other businesses and industries. A Complete Beginners Guide To Blockchain A blockchain is…

Top reasons why a common currency is a bad idea

When the Euro happened, there was widespread belief in the market that it was the way to go.  There were talks about a South Asian currency or even a South East Asian currency.  What was never thought about was how different countries developing at different pace, different societies and political situations could band about on…