Category: Money Talk

Impact Lab > Money Talk
Banking, Bitcoin, Money Talk

World’s first cryptocurrency bank opened in Singapore

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The co-Founder of Nuo, Varun Deshpande announced on twitter that they are opening a bank in Singapore. This is not just a normal bank but a virtual bank for cryptocurrencies. He also stated that they will open an ATM for virtual digital money as well.

They are also introducing a new technology- Advanced Robotic Account Managers (AARAM). What so fascinating about this bank is that this bank doesn’t need a real manager or a banker. Customers will be personally managed by AARAM at their branch. AARAM can give answers to the queries of users of the bank regarding cryptocurrency prices, private keys, decentralized loans, etc. Also, users can book their own AARAM by installing bank app and signing up for the app. It is a completely automated and decentralized bank which ensures no queues at all times. All users from around the world can avail services at no extra cost by visiting the branch.

Continue reading… “World’s first cryptocurrency bank opened in Singapore”

Economy, Futurist, Money Talk

Google futurist and director of engineering: Basic income will spread worldwide by the 2030s

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Basic income will be widespread by the 2030s, according to Google futurist and director of engineering Ray Kurzweil.

Kurzweil is known for making seemingly wild predictions. In 2016, he predicted that by 2029, medical technology will add an extra year to human life expectancies on an annual basis.

Continue reading… “Google futurist and director of engineering: Basic income will spread worldwide by the 2030s”

Banking, Bitcoin, Blockchain, Business, Money Talk

Mastercard will support cryptocurrencies – as long as they’re backed by governments

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It seems Mastercard is gradually softening its stance on cryptocurrency, after CEO Ajay Banga downplayed non-government mandated digital currencies as “junk” back in October last year.

In a conversation with Financial Times, Ari Sarkar, Mastercard co-president for the Asia-Pacific region, said the company is open to explore cryptocurrencies created and backed by governments.

Continue reading… “Mastercard will support cryptocurrencies – as long as they’re backed by governments”

Economy, Finance, Money Talk

Experts May Have a Viable Alternative to Universal Basic Income

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At Brain Bar Budapest, a large hall that was plastered in dark and leafy plants struggled to hold a sea of attendees. The crowd gathered to watch Steve Fuller, author of Humanity 2.0 and the Auguste Comte Chair in Social Epistemology at Warwick University, debate Zoltán Pogátsa, a Hungarian political economist. The topic at hand? Whether or not Universal Basic Income (UBI) will be the “social security net of the future.”

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Economy, Money Talk, Science & Technology News

How much money you have to earn to be considered rich in 42 major US cities

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How much money it takes to be “rich” varies from city to city.

About 20% of Americans are upper-income, or “rich,” meaning they earn at least two times the national median household income.

The amount of money it takes to be considered rich is largest in San Jose, California.

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China, government, Military, Money Talk

China is ‘weaponizing capital’ — and it’s keeping the head of the US Navy awake at night

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China has pursued numerous commercial and infrastructure deals around the world in recent years. Critics see this as a Chinese effort to extent its influence abroad.

These financial maneuvers are a source of concern for many — including the head of the US Navy.

Continue reading… “China is ‘weaponizing capital’ — and it’s keeping the head of the US Navy awake at night”

Bitcoin, Business, Finance, Money Talk

Bitcoin is the total opposite or a Ponzi scheme- here’s why

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What is a ‘Ponzi Scheme’, you ask?

“A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. This is similar to a pyramid scheme in that both are based on using new investors’ funds to pay the earlier backers. For both Ponzi schemes and pyramid schemes, eventually there isn’t enough money to go around, and the schemes unravel.” — Investopedia

Continue reading… “Bitcoin is the total opposite or a Ponzi scheme- here’s why”

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