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Articles by Mark Mayerfield
The US Republican Party will start accepting cryptocurrency donations
According to the political news site, Axios, the National Republican Congressional Committee (NRCC) — the principal fundraiser for the US Republican Party — is to start accepting Bitcoin and cryptocurrency donations. The NRCC itself will not be holding the cryptocurrency but will be converting it into dollars via an exchanger. But the FEC has expressed its concern on cryptocurrency principles of anonymity could clash with current political regulations on donation transparency and disclosure.
Cryptocurrency Security: How To Protect Your Digital Investment
Cryptocurrency security encompasses everything you need to know about the potential dangers with cryptocurrency, as well as the fundamentals of what you can do to make your setting related to your crypto investments or trades safer and safeguard your crypto assets. You should be aware that a centralized cryptocurrency service does not offer the same level of money security as a bank. Crypto brokers, for example, are not as tightly regulated, and if funds are lost, they can be lost permanently.
Distributed Ledger Technology in Banking: Friend or Foe?
My previous blog explored the lexicon of Bitcoin, blockchain and distributed ledger technology (DLT). As Julie Sweet, CEO of Accenture, suggests: “Blockchain is moving beyond cryptocurrency, and it's worth paying attention – especially since successful prototypes show that blockchain, also known as distributed ledger technology, will be transformative.”In this blog we’ll consider the disruptive potential of DLT in banking.
What trends are shaping the banking sector?
The pandemic has supercharged the issues traditional banks have been wrestling with for years. The biggest of these is how to make a profit from consumer banking while providing an excellent customer experience. Driven by the open banking revolution, retail banking has become an ultra-competitive sector. There’s a huge demand for digital, easy-to-use services and fast processing of important documents like mortgage applications.
Digital or Open Banking
Digital or Open Banking! Just the other day, I was talking with a banking friend. We were discussing the changes that have happened and what tomorrow may bring. He commented that Digital Banking will drive future change. As soon as he said that I had this feeling that digital is such an old term. It seemed to me that Digital Banking has been around for a long time. Digital can no longer be the future of banking. I say that because we have past the age of the Digital Bank.
PayPal’s entrance to the crypto market will reshape the banking ecosystem as we know it
PayPal’s decisive entrance to the digital asset space a few months ago, with their recent crypto checkout addition, should ring the alarm bells in boardrooms of banks throughout the nation. Crypto is here to stay, and banks that won’t act fast to include digital assets as part of their offerings will be left behind, suffering from a serious gap in their market positioning.
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