bank Archives - Impact Lab

World’s first cryptocurrency bank opened in Singapore

April 30, 2018

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”

0

Business, Latest Trend, Science & Technology News

Circle – a new bitcoin bank takes cryptocurrencies mainstream

October 7, 2014

A Bitcoin ATM

Circle is a new Bitcoin bank that opened its doors to the public last week, following a stealth development period which saw it raise $25m from some of Silicon Valley’s biggest venture capitalists.

Continue reading… “Circle – a new bitcoin bank takes cryptocurrencies mainstream”

0

Analysis, Breakthrough Thinking, Business, Internet, Latest Trend, Money Talk, New Viewpoints, People Making a Difference, Science & Technology News

Establishing the Central Bank of Bitcoin

August 18, 2014

Futurist Thomas Frey: The year is 2024. It seemed like a piece of nostalgia to open a new bank account and get a free toaster, but this wasn’t any ordinary toaster, and it certainly wasn’t any ordinary bank. The new Internet of Things Toaster was one of the coolest gadgets of all times, and the Global Bank of Bitcoin was a charter member of Bitcoin’s new Central Bank based in Luxembourg.

Continue reading… “Establishing the Central Bank of Bitcoin”

0

Analysis, Business, Latest Trend, Science & Technology News

Why there’s a big opportunity to revolutionize the financial system

April 30, 2014

There’s a huge fortune to be made if you can solve the problem of cheap payments. Payments are one of 10 big problems that are crying out for a solution (others include cheap battery storage, water desalination, and a pill that makes you lose weight).

Continue reading… “Why there’s a big opportunity to revolutionize the financial system”

0

Analysis, Business, Internet, Latest Trend, Money Talk, Science & Technology News

51% of adults in the U.S. now bank online

August 9, 2013

Sixty-one percent of Internet users bank online.

Sixty-one percent of Internet users in the US now access their bank accounts on the Web. While, 35 percent of cell phone owners in the US bank using their mobile phones.

Continue reading… “51% of adults in the U.S. now bank online”

0

Analysis, Business, Latest Trend, Money Talk

Your guide to offshore banks that may be right for you

November 26, 2012

The number of offshore banks where savers can keep their money and receive good rates is dwindling.

People trying to save are having a tough time at the moment. It is very difficult to get a real return on savings because of low interest rates and relatively high inflation. And there’s still the question of safety: the banking crisis which left millions of savers worrying about the security of their banks was only a few years ago.

Continue reading… “Your guide to offshore banks that may be right for you”

0

Analysis, Business, government, Money Talk

Future of the world’s oldest bank uncertain

September 4, 2012

Monte die Paschi Bank

The Monte die Paschi Bank, tucked away in this Tuscan city, is the world’s oldest bank. It has survived the Borgias, pestilence and too many wars to count. Now, a mundane foe has proved far more dangerous: Italian government debt.

Continue reading… “Future of the world’s oldest bank uncertain”

0

New Inventions, Science & Technology News

New ATM with built-in lie detector to curb consumer credit fraud

June 18, 2011

ATM detects lies

Russia’s biggest retail bank has invented an ATM machine with a built-in lie detector in order to curb the growing menace of consumer credit fraud. The ATM can easily pass off as a part of KGB’s ultra- modern and secretive operational tool. Other than the rather unusual inclusion of a passport scanner, fingerprint recorder and a 3-dimensional facial recognition, the machine is equipped with advanced voice-analysis software.

Continue reading… “New ATM with built-in lie detector to curb consumer credit fraud”

0

Breakthrough Thinking, Crazy Stuff, Current Events, Hot Issues, Latest News, Money Talk

Bank in India Launches Branch Without Locks

January 18, 2011

Shani Shingnapur, the world famous temple town in Maharashtra where houses have neither doors nor locks, now befittingly has its first commercial bank branch with no locks on its front door. The public sector UCO Bank is the first to throw open the doors of commercial banking to this unique town of 3,000 people. Bowing to local religious sentiments, the bank last week decided to open the branch without a lock on its front door…

Continue reading… “Bank in India Launches Branch Without Locks”

0

Business, Economy, Latest Trend, Money Talk

Credit Card Delinquencies and Usage Both Fall

December 16, 2010

Consumers are avoiding racking up debt.

Credit card delinquency rates fell at major U.S. lenders in November as fewer consumers fell behind on their bill payments, signaling they are recovering from the stress of the financial crisis.

Continue reading… “Credit Card Delinquencies and Usage Both Fall”

0

Breakthrough Thinking, Great New Product, Money Talk, Science & Technology News

Proverbial Wallet Becomes Harder to Open the More Money You Spend

July 11, 2010

MIT’s Proverbial Wallet

The MIT-developed Proverbial Wallet appears similar to an ordinary wallet except for the slightly odd looking apparatus in the middle. That’s where all the action happens, though.

Continue reading… “Proverbial Wallet Becomes Harder to Open the More Money You Spend”

0

Analysis, Business, Money Talk, People Making a Difference

Do You Bank at a Big Chain or Small Local Bank?

April 20, 2010

Choose Your Bank Carefully!

We’ve heard a lot about the benefits of choosing a local bank over giant mega-banks lately. Today, the money gurus at personal finance blog Get Rich Slowly explain how (and why) to move your money to a local bank.

I’d been a customer with Chase (previously Washington Mutual). After reading J.D.’s article on rewards checking accounts and realizing I was missing out, I closed my account with Chase and moved my checking and savings to a local credit union down the street. I have to say, it felt great.

Continue reading… “Do You Bank at a Big Chain or Small Local Bank?”

0