Wirex brings blockchain to personal banking
Wirex may be as close as the fintech sector has yet come to providing a regular mobile bank built in considerable part on the bitcoin blockchain. Bitcoin, as Euromoney readers know, is very good for certain things that individual banking customers value: for micro-payments or transferring small sums quickly across border without paying hefty fees.
But it still feels like an amazing application in theory that isn’t much use in the real world. It’s not going to change the landscape of retail payments if you can’t buy a flat white with it at Café Nero.
Wirex may change that. Its founders – who focused initially on building E-coin, a business around bitcoin debit cards, before becoming dis-heartened by the slow pace of adoption – describe Wirex as a hybrid personal banking platform. Its target is to serve frequent travellers, international students, nomadic workers, for example in the knowledge industries, users of the big remittance corridors and even the unbanked.
Full article: http://www.euromoney.com/Article/3546295/Wirex-brings-blockchain-to-personal-banking.html?copyrightInfo=true
Topic: [2016-04-19] Wirex brings blockchain to personal banking (Read 259 times)
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