Facebook recently announced a “blockchain powered currency” called Libra which appears to be a potentially game changing development in payments. Although there is scepticism and uncertainty, Facebook’s Libra initiative is something to be encouraged and applauded. With the caveat that FB needs to be watched very carefully as it has over the years proclaimed in its various mission statements that it wants to “move fast, break things, build things and add stable infrastructure”.
The U.S. legislative body has set congressional hearings after several lawmakers raised concerns hours after social media giant, Facebook, announced its entry into the digital currency market via Libra.
Crypto assets (including Crypto currencies) and the technologies which underpin them are important because of the potentially huge benefits to society they can deliver. TFG heard from Manu Duggall on their standing under English law, which will determine whether that law will be chosen as the law of the contract and the forum for disputes over others.
Trading Platforms driven by Fintech can deliver the compliance, credit, insurance and finance tools to trading companies of any size so that they can
compete successfully and win business based on their inherent strengths.
Trade finance is an umbrella term for the financing of any moving or tangible goods or stocks. Banks, non-banks, funders and alternative financiers are the main providers of trade finance,… read more →
Europe’s alternative finance market has exploded over the last 5 years, now worth an estimated €7.7bn according to the Cambridge Centre for Alternative Finance. The UK alone has grown by… read more →
In recent years, the trade finance landscape has seen immense change, driven by a multitude of factors, including policy, consumers, technology and protectionism. A few years ago we were debating… read more →
Shona is the CEO and Founder of Halotrade, a blockchain-enabled fintech start up focussed on the delivery of sustainable supply chain financing. Formerly Head of Innovation for Trade & Working… read more →
With delegations from the European Union and the UK currently ensconced in talks concerning the terms of the latter’s withdrawal from the EU, the immediate future of business and trade… read more →