Cryptotechnologies in international payments: Information Paper
The EBA analysis explores the opportunities that distributed ledger technology holds for payment service providers in terms of lowering operating costs, modernising the international payments value chain and maintaining compliance with key regulatory requirements in markets around the world. The paper further covers specific use cases, such as distributed KYC registries and low-value P2P/B2C payments. The EBAâs Cryptotechnologies Working Group will continue to work on the topic of international payments: an evaluation of implementation scenarios in international payments and the exploration of security issues in the use of cryptotechnologies are next on the agenda of the group.
Credible Friends targets credit card industry with bitcoin lending app
The Credible Friends smartphone app is designed to replace the credit card industry with a trust based peer to peer lending service, powered by bitcoin. “In under 2 minutes you can be extending lines of credit to dozens of friends,” explained the Founder and CEO of Credible Friends, Zach Doty, in an interview with BNC.
P2P markets need P2P justice
Peer-to-peer marketplaces are forcing change on the systems we use for dispute resolution. Algorithmic dispute resolution, software-guided settlement negotiation, and even full-service stepped mediation to arbitration online dispute resolution (ODR) projects [all existed](http://scholarship.law.duke.edu/cgi/viewcontent.cgi?article=1073&context=dltr) in 2002–2003. Yet despite the promise of lower costs, faster speed, and jurisdictional autonomy, most of those projects have long been abandoned. They simply didn’t catch on. Now, with the invention of bitcoin, open blockchains, and smart contracts, there’s a renewed interest in these services.
The SAFE network: Giving a decentralised internet back to the people
The internet has become a large part of everyday life, approximately 40% of the world’s population has a connection, and we use it in a myriad of different ways. Communication, financial transactions, education, research, real-time updates, online bookings, job searches, blogging, shopping, and storage all add to an ever-increasing amount of digitized information.
Alexandria vs LBRY – Which will be the file sharing application of the next generation?
The next generation of file sharing applications is on the verge of being released with new features like payments built in and no need for tracker sites. The two leading contenders are very different from each other but beautifully conceived.
Blockchain: attack is probably the best form of defence
Debate over blockchain technology is raging in many online and offline media at present. In principle, the technology constitutes a decentralised ledger system that can be coordinated via peer-to-peer (P2P) networks.
Peer-To-Peer Bitcoin Lending Platform BitBond Raises €600,000
Germany-based bitcoin lending platform, BitBond, has raised €600,000 in an angel funding round, bringing the company's total funding to €800,000. The funds will allow the company to continue pursuing the mission to provide accessible loans to small and medium-sized enterprises.
