Sentences with phrase «by mainstream financial institutions»

The meteoric rise in Bitcoin price over the last year has made many a fortune, but November has seen a new wave of good sentiment towards cryptocurrencies by mainstream financial institutions.

Fernandez also pointed out how cryptocurrencies are being used at a rapid scale by mainstream financial institutions for extending their business lines.

Not exact matches

Developmental lending as practiced by IBC involves providing financial services (primarily loans) to aboriginal people who, for a variety of cultural and / or financial reasons, are alienated by mainstream lending institutions; approving loan applications on the basis of typical financial considerations while taking into account the potential for positive social or community outcomes; and evaluating social outcomes resulting from the loan portfolio over the long term.

Distributed ledgers can be open, verifying anonymous actors in the network, or they can be closed and require actors in the network to be already identified — which seems to be the approach currently favored by most banks and mainstream financial institutions.

A recent post on the Clearmatics website, titled «No, Bitcoin is not the future of securities settlement,» provides a point - by - point analysis of the original Bitcoin whitepaper by Satoshi Nakamoto from the point of view of the financial establishment, and a clear outline of the reasons why banks and mainstream financial institutions won't touch permissionless blockchain networks like Bitcoin.

Meanwhile, traditional financial institutions like JP Morgan, Bank of France, Coutts Bank were staunchly opposed to cryptocurrency adoption — as was reported by numerous mainstream news outlets.

People will see that a cryptocurrency exchange is a part of the financial mainstream and is supported by governmental institutions, and there will be more trust, claims the financier.