Richard Branson and a variety of other high profile investors have invested $25 million in London-based business, TransferWise. The company was established in March 2010, and offers global currency transfers, without the hidden costs associated with traditional means. The Fintech start-up is one of a handful of innovative companies emanating from the ‘Silicon Roundabout’ district, […]
Write off Bitcoin at your Peril
Bitcoin has undoubtedly divided both financial and technology commentators since its inception. Indeed with a marketplace value that has fluctuated in worth from between $100 and $1,100 within the space of 12 months, it would be easy to come to a relatively safe assumption that it is an unstable currency or investment. However, whenever anything […]
Bitcoin and digital currencies: The future of money?
March has been a tough month for digital currencies. Bitcoin, the world’s first digital cryptocurrency, was dealt a massive blow when its biggest exchange Mt. Gox announced the theft of millions of dollars’ worth of bitcoins and its consequent bankruptcy. In addition, a spate of smaller scale thefts have rocked other digital currencies, such as […]