TechStars MD: Banks are Embracing the Inevitability of Bitcoin
Many people believe the success of bitcoin and blockchain technology is "inevitable", and banks are now starting to come round to this point of view, according to TechStars managing director Jenny Fielding. Speaking inside the firm's FinTech accelerator in New York, which is run in partnership with Barclays, Fielding told CoinDesk banks are "ramping up" their engagement with the blockchain ecosystem. "I can't speak for them ... but it seems like there is more of a willingness to embrace what a lot of the rest of us feel is inevitable," she said. Barclays, recently named as one of nine....
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Vaultoro, a Bitcoin Gold Exchange, has recently announced that they have been chosen among eight other startups to participate in the 2017 Techstars Berlin Accelerator. Vaultoro is aiming at developing the world’s largest and most transparent full reserve asset based banking solution. The platform enables anyone in the world to exchange digital and physical assets, like gold, silver and Bitcoin, in an easy and secure way without an involvement of banks with their deposits plans. The startup is on a mission to bridge the gap between traditional physical bullion industry and the ongoing....
Bitcoin gold exchange Vaultoro has been selected as one of eight startups for the 2017 Techstars Berlin program. Vaultoro, chosen from a pool of hundreds worldwide, is a rapidly growing enterprise offering a secure alternative to traditional banking, merging gold’s long track record as a globally recognized store of value with the speed, transparency and divisibility of the Bitcoin blockchain. Techstars, its new supportive partner, is one of the largest and most prestigious global investors in startups. They not only invest time and financial support, but also provide a robust network for....
Banks didn’t plan for the blockchain. It just happened in front of them in 2015. But, they have been thinking a lot about its implications. 2015 was the year that banks started to wonder about their blockchain strategy. Banks that didn't have such a strategy were considered laggards. But despite its revolutionary prognosis, the blockchain doesn't signal the end of banking, because the banks aren’t going to use it to disrupt or obsolete themselves. Rather, they will guide it to live within the regulated constraints of their world. The good news is blockchain implementations help banks....
William Mougayar is a Toronto-based angel investor and four-time entrepreneur who advises startups on strategy and marketing. In the first of this three-part series, he discussed how banks dealt with the emergence of the Internet and how blockchain technology is causing these institutions a whole new headache. Here, in part two, he looks at why and how banks should start embracing blockchain technology. Build on-ramps, not barriers. Banks can't really pick and choose a small subset of use cases and claim they are embracing the revolution. If you use "blockchains without bitcoin" just to....
The Stellar Development Foundation (SDF) and MoneyGram, the payment solution company, have partnered with Techstars. The partners will cooperate to create a support program for developers around the world working on “technological innovation”. Related Reading | Stellar To Deploy Smart Contracts By End Of 2022? XLM Reacts To The Upside Specifically, the partners will focus on people trying to improve digital payments and blockchain technology. The objective is “streamline cross-border payments and support financial inclusion”, per a press release. Techstars is a company that, according....