Are stablecoins the reinvention of money?

Are stablecoins the reinvention of money?

By PETER LEE

Even as the most infamous cryptocurrencies crashed this year, new ones were already emerging, designed to peg their value to fiat currencies. The most popular of the so-called stablecoins, Tether, broke its peg to the dollar in October, raising questions over the best design for these instruments and the worry that they may be just the latest crypto fad to sucker in the unwary. But if they succeed, stablecoins could prove a tipping point for broader crypto adoption and the reinvention of money.

Banking: Balancing digital and branch

Banking: Balancing digital and branch

When the financial crisis hit and retail banks – desperate to cut costs – closed less profitable branches, they did so chiefly in rural towns, or low- to moderate-income (LMI) communities.

Why Switzerland wants to be the crypto nation

Why Switzerland wants to be the crypto nation

By DOMINIC O’NEILL

While negative rates fundamentally undermine its domestic lenders, the Alpine nation’s enthusiasm for cryptocurrencies also coincides problematically with threats to its private banks.

Forget bitcoin: stablecoins will change how money works

Forget bitcoin: stablecoins will change how money works

By PETER LEE

Even as the most infamous cryptocurrencies crash, new ones are already emerging that are designed to peg their value to fiat currencies and recover the dream of new forms of money moving on new rails to everyone’s advantage.

Indonesia financial inclusion: GoJek’s metal ignition

Indonesia financial inclusion: GoJek’s metal ignition

By CHRIS WRIGHT

GoPay is southeast Asia’s answer to Ant Financial. Its CEO comes with a background in the most micro level of finance: empowering village housewives to buy things to cook with. How will he build a business backed by the biggest names in global private equity?

Bitmain listing lifts lid on crypto finances

Bitmain listing lifts lid on crypto finances

By CHRIS WRIGHT

The prospectus for the forthcoming Hong Kong IPO of Bitmain, which dominates the market for cryptocurrency mining hardware, unveils the highs and lows of businesses linked to bitcoin. It will cause crypto ideals to collide with institutional expectations about business transparency.

South Africa’s new banks nip at the heels of the big four

South Africa’s new banks nip at the heels of the big four

By DOMINIC O’NEILL

As the central bank awards its first new banking licences in 20 years, the big four will find it harder to justify the fees that have underpinned their profitability. The newcomers promise technology will facilitate cheaper banking services and tackle inequality.

Special focus

Blythe Masters: Special focus

Blythe Masters: Special focus

Blythe Masters became CEO of Digital Asset Holdings in 2015 after 27 years at JPMorgan, where she was credited as the creator of the credit default swap (CDS).

Fintech and innovation: special focus

Fintech and innovation: special focus

From cloud technology to cashless payments, digital currencies to P2P networks, mobile banking to FX robots… financial institutions worldwide are looking to lead technological advances while also trying to keep up with them.