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Robinhood Reportedly Considering Formal Banking Services, Amsterdam’s Airport Helps Travelers Swap L

Robinhood Reportedly Considering Formal Banking Services

Unnamed sources suggest popular free crypto and stock trading application (app), Robinhood, is negotiating with US regulators about prospects for it becoming a bank, complete with traditional services such as savings accounts. It’s still early going, and very preliminary, but such an arrangement could well be the future of banking. By all accounts it has been a skyrocketing year for the smartphone trading app Robinhood Markets, Inc. out of Menlo Park, California. Success appears to have emboldened the scrappy firm...

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Category: Digital Banking

Image & article ref: news.bitcoin.com

Amsterdam’s Airport Helps Travelers Swap Leftover Euros for Bitcoin, Ethereum

Amsterdam’s international airport, Schipol, has installed a cryptocurrency ATM that lets passengers convert their euros into bitcoin or ethereum.

In an announcement on Wednesday, the airport revealed it is assessing demand for the two most prominent cryptocurrencies among passengers over a six-month trial in an initiative that is the first of its kind in any European airport. The ATM is strategically located near the airport’s departures terminal, enabling outbound travelers to convert the remainder of their euros into the two largest...

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Category: Cryptocurrency Technology

Image & article ref: ccn.com

Revolut launches Connect, its open banking enterprise marketplace

Banking challenger and fintech unicorn Revolut has launched Connect, its marketplace for business banking. Users of Revolut's business accounts will now be able to connect to and build integrations with popular business apps like accounting software Freeagent and workplace messaging service Slack. Partnerships coming soon include Xero, Sage, Freshbooks and Quaderno. The news comes as Revolut was announced to be in the top five of European fintech startups to watch in 2018, published last night...

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Category: Fintech Startup

Image & article ref: cityam.com

Grammy Winner Akon to Launch Cryptocurrency ‘Akoin,’ Build ‘Crypto City’ in Senegal

Akon, a Senegalese-American rapper and solar energy entrepreneur, plans to offer a cryptocurrency in two weeks to help improve conditions in Africa, according to Page Six. Speaking at the Cannes Lions International Festival of Creativity in Cannes, France, the entertainer and entrepreneur told a panel that cryptocurrency and blockchain technology could empower people in Africa and offer a more secure currency that enables them to advance themselves independent of the government.

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Category: Altcoin & Blockchain

Image & article ref: ccn.com

The India Insurtech Opportunity

India is a fascinating market that has made tremendous strides over the past number of years in innovation within the financial services sector, primarily focused on financial inclusion for the 1.3 billion population. One of the biggest pain points to tackle for citizens of India when it comes to financial inclusion has to do with payments. We have covered this extensively at Daily Fintech with initiatives like Aadhaar, Demonetization and Digital India that have helped to push the needed forward. In addition to payments, Insurance in India...

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Category: Fintech Investment

Image & article ref: dailyfintech.com

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