Financial System
Financial System
fintech causing disruption
Aussie Banks In Line for Digital Disruption
fintech causing disruptionATM use is in decline. As technology sends transaction costs towards zero, banks will no longer be able to charge exorbitant fees for standardised, commoditised services. Growth will have to come from elsewhere. This is a sign of things to come for Aussie banks.
Gold Price Approaches Make or Break Moment
goldIf gold price breaks through US$1,370 it could indicate the start of a new long term uptrend. And this is why it’s rising. The real story behind gold’s rise — and the biggest financial story you’ve never heard of this year — is the declining US dollar.
China Steps Up Its Cryptocurrency Ban
china bitcoin banAnalysts are now pessimistic for bitcoin’s future in China. The Chinese government’s views on digital tokens has escalated quickly. They want to ensure financial stability within their market, and they see cryptocurrencies as a market distributor.
Looking Beyond Bitcoin’s Price
bitcoin priceBitcoin should always be discussed first and foremost as a currency. The end-game isn’t seeing one bitcoin worth half a million dollars. The goal is to make those half a million dollars seem as alien to the everyday consumer as one bitcoin is today.