El Salvador’s Bitcoin Gambit
John joins Glen from A Quiet Place to unpack El Salvador’s unexpected decision to treat Bitcoin as legal tender, in parallel with the US dollar- as well as last week’s wild ride in cryptocurrency prices.
What should Credit Unions be doing about Crypto?
According to a recent Cornerstone Advisors survey, 79% of financial institutions have no interest in offering cryptocurrency investing services. This indicates a significant blind spot; according to the same study 15% of US consumers already own crypto, and 60% say they would use their bank or credit union to manage such assets. Consumers will access these new investment vehicles regardless- it would be a shame if credit unions fumbled their chance to be part of that equation.
Predicting Bitcoin’s Price- and Other Fool’s Errands
lready feels trivial to revisit 2020’s twists and turns, but we at BIG believe it’s important to hold ourselves to account. Our last blog assessed the accuracy of several of the fintech predictions we made as the curtain raised on 2020, including Big Tech incursions, strategic acquisitions and security breaches.
The Biggest Fintech Stories of 2020- Other Than Those Two
John Best and I decided to bypass our annual Year’s Top Fintech Stories podcast and proceed directly to 2021 predictions- after all, isn’t everyone ready to move on without further discussion of coronavirus and the election?
The Crypto Creature from Wyoming
The regulatory landscape for US financial institutions is notoriously complex, a complicated web of overlapping federal agencies and state authorities. The need to comply with so many rule makers is frequently cited as a reason the US lags in financial innovation. Sometimes it takes a bold, borderline crazy move to jumpstart the process. And we may have just seen one in- of all places- Wyoming.
The Future Is Faster Bitcoin, Say Guys Who Made Faster Bitcoin
On the day Stephen Hawking died, in the week Secretary of Education Betsy DeVos admitted she hadn’t ever visited a failing public school in her home state, in the year that the West’s faith in liberal institutions seemed to crumble faster than ever, it was comforting to hear, in the PlayStation Theater in Times Square, after a prelude of sliders and bao, that the future had arrived.