Financial Services News
Financial services are services provided by money-managing businesses like banks, insurance companies, stock brokerages and others. Financial services evolve and grow alongside the economy of the country they are in. Modern developed economies have various financial services like foreign exchanges, investment services, insurance, venture capital, etc. The efficiency of financial services largely depends on developing technology. New technologies like telecommunication, the internet and, now, blockchain, have made financial services much faster and more secure. Blockchain financial services are currently the most efficient and cheap way for transferring assets and for performing deals through smart contracts. Future financial services may include implementing even more blockchain into their structure — for example, into their organization structure and information security system.
There are two big questions on everyone’s lips now: What exactly is Facebook’s Diem, and what it will offer its potential 2 billion users?
One currency to rule them all: Facebook’s Diem has global ambitions
Until cryptocurrency is accessible to people for non-investment purposes, the market’s growth runs the risk of stagnating.
Survivorship bias has led to an imbalance in the crypto ecosystem
The Switzerland firm is an independent sister company of Arab Bank.
Arab Bank has chosen Tezos to facilitate institutional custody service
Blockchain tech allows for the creation of a community-governed system that is fundamentally incompatible with traditional finance.
Building a better stock market: Tokenized shares bridge trading gap on blockchain
The 15 finalists will be mentored by the MAS and “be given access to the APIX Digital Currency Sandbox for rapid prototyping of digital currency solutions.”
Singapore central bank shortlists 15 companies to develop retail CBDC
As the political system collapses, so too does the financial one. Thus, more and more Afghan citizens will turn to crypto.
Crypto can alleviate the financial fallout for people in Afghanistan
DeFi already offers innovative financial products, but what’s needed for it to go mainstream is to bring more real-world assets on-chain.
DeFi needs more tangible assets on-chain to see a successful future