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Fintech growth, Holytransaction

The growth of Fintech

When technology put its fingers in the financial services, Fintech was born. And now with this word we refer to mobile payment, transfers, fundraising and , of course, cryptocurrencies!

Fintech growth, Holytransaction

Fintech is a very revolutionary sector which has allowed the development different new companies through its technology support. It gave impulse to the whole financial industry because of its technological solution which simplifies complicated mechanisms.

As always, traditional player felt threatened by it; but its development has ben unstoppable and experts usually call it … Future.

Our good friend of 16best.net provided us an awesome infographic which explains some incredible facts on the incredible growth of fintech in the last couple of decades.

Fintech growth, Holytransaction

Fintech growth, Holytransaction

Fintech growth, Holytransaction

Fintech growth, Holytransaction

Fintech growth, Holytransaction

Fintech growth, Holytransaction

Fintech growth, Holytransaction

Fintech growth, Holytransaction

Fintech growth, Holytransaction

Fintech growth, Holytransaction

 

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Jack

South Korean Bank to work on the Blockchain

south_korean_bank_to_work_on_the_blockchain
One of the most important banks in South Korea revealed today an agreement with the most funded Asiatic startup of the bitcoin sector.
KB Kookmin, in fact, announced today that will sign a memorandum of understanding with the Bitcoin startups Circle and Coinplug
Based in South Korea, Coinplug is also working with the same Korean bank to develop a blockchain prototype that aims at improving international remittance to simplify foreign exchanges.

KB Kookmin: South Korean bank to work on the Blockchain

According to Business Korea, KB Koomkin wants to promote businesses related to the blockchain field.
To do so, KB Koomking recently signed another agreement to work on distributed ledger applications for mobile device certification.
Talking about Circle, recently this startup revelaed a $60m fundraise received from several Chinese investors. This way it became one of the best funded startup in the Asian cryptocurrency market.
“We are excited to work with the top tech companies in London, a hub of the FinTech industry. KB Kookmin Bank will strive to provide our customers with new experience by adopting cutting-edge technologies,” explained to Coindesk a KB Kookmin representative. 

Universal wallet 

More details will be revelead soon, so stay tuned on the HolyTransaction blog.
In the meantime, you should open your new multicurrency wallet.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi

Dutch Central Bank Tests Bitcoin Blockchain

dutch_central_bank_test_blockchain

Dutch Central bank presented the results of their digital currencies tests whose goal was to better understand the Bitcoin blockchain to adopt it within the main bank institutions. 
After this test conducted in 2015 by De Nederlandsche Bank (DNB), the bank presented the results earlier this month.
On 20th June Ron Berndsen, head of the bank’s market infrastructure policy department, explained to Coindesk:

“The general idea was that by adapting the Bitcoin software ourselves we could learn deeper how an actual implementation of the blockchain really works than if we would only perform desk research and go to conferences such as these, no matter how interesting.”

Dutch Central Bank test number one

To do the first test the DNB created a working group who acts as fictional participants in the digital currency world, as they want to replicate how the bitcoin environment seemed in the first two months of its existence. 
Also, they sent each other several coins, testing the process.

DNB Second test

“The second DNBcoin prototype takes the other extreme of bitcoin by jumping to the year 2140, the year when the last fraction of the 21 million bitcoins will be issued,” said Berndsen.

For this second test, the team mined all of the DNBcoins in advance, beginning with a block reward of 1 billion of DNBcoins.

“In doing so we were able to generate 3 billion DNBcoins in 30 seconds. In addition, we observed that after all DNBcoins had been generated, blocks could still be mined and added to the blockchain. The reward was reduced to zero but transaction fees were still collected by the miner who finds the next block.”

Blockchain central bank adoption

Central banks are increasing their interest in the blockchain.

Recently, in fact, we talked about several central banks who studied, tested and adopted the blockchain.

For example, you may be interested in the news related to the Central Bank of Canada that revealed its new digital currency called Cadcoin.


Universal Wallet 

You are now ready to open a wallet, where you can store Bitcoin and other digital currencies in an easy and safe way.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi