Sentences with phrase «traditional banks and other financial institutions»

Unlike most other cryptocurrencies which have systemically moved away from traditional banking, Ripple uses the blockchain technology to redefine how traditional banks and other financial institutions transfer money.

Not exact matches

Peer - to - peer lending (also known as person - to - person lending, peer - to - peer investing, and social lending; abbreviated frequently as P2P lending) is the practice of lendingmoney to unrelated individuals, or «peers», without going through a traditional financial intermediary such as a bank or other traditional financial institution.

Peer - to - peer lending (also known as person - to - person lending, peer - to - peer investing, and social lending; abbreviated frequently as P2P lending) is the practice of lending money to unrelated individuals, or «peers», without going through a traditional financial intermediary such as a bank or other traditional financial institution.

On the other hand, traditional financial institutions like banks are not willing to have MSB clients like bitcoin ATM operators as they regularly deposit cash to accounts, and it increases banks» risks.

There is the permission list — bitcoin, Ethereum, public blockchains — and then there is a whole other ecosystem where established financial institutions, kind of the traditional market if you want to think about it that way, is trying to apply this technology but in a different way using private networks where you don't need the same trust because these banks will know each other.

Netcraft say this is a shift away from traditional phishing targets such as banks and other financial institutions.

Like traditional banking institutions, credit unions will accept deposits, provide loans, and serve customers with a number of other financial services.

While individuals like Mark Carney — a Canadian economist who serves as Governor of the Bank of England and Chairman of the G20's Financial Stability Board — claim that Bitcoin and other cryptocurrencies have «failed» and thus pose no threat to traditional financial institutions, others less invested in the status quo aren'tFinancial Stability Board — claim that Bitcoin and other cryptocurrencies have «failed» and thus pose no threat to traditional financial institutions, others less invested in the status quo aren'tfinancial institutions, others less invested in the status quo aren't so sure.

Furthermore, Bitcoin acts to secure the Bitcoin blockchain by aligning the financial incentives of various actors in a transaction so that trust can be assumed without the validation of identity or reputation, and without permission for a transaction being given by a banking institution or other traditional gateway.

Making things difficult It has long been speculated that Bitcoin and other cryptocurrencies pose a threat to major banks and traditional financial institutions.

Additionally, American TV broadcaster Max Keiser says that one of the reasons behind Bitcoin's price surge is because it is the perfect alternative to traditional financial systems that are used by banks and other financial institutions.

Several traditional financial institutions around the world have been taking note of Bitcoin's skyrocketing trajectory, and several others, like the Bank of America, are moving towards implementing cryptocurrency - based solutions on their platforms.

Bitcoin has proven itself anti-fragile as hell thus far, and by the time all the battles have been waged, what will emerge on the other side are alternatives to existing financial institutions — money, banks, exchanges and all the rest — that are actually better in every way than their traditional counterparts.

KOW Building Consultants (also known as Kenneth O. Wille and Associates, Inc.) provides construction consultation services to traditional banks, private lenders, mortgage lending institutions, state housing agencies, city housing agencies, mezzanine lenders and other financial institutions.