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ValueWeb: How fintech firms are using bitcoin blockchain and mobile technologies to create the Internet by Chris Skinner

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During the past few years, the term FinTech has become commonly used, but why? My contention is that the ValueWeb is the key development. As mentioned, the ValueWeb is based upon two technologies: mobile, to allow everyone to exchange value in real time; and digital currencies, to provide a store of value to exchange. As these technologies have risen, so has the focus upon digitalisation in banking and now FinTech.

FinTech is the new market that integrates finance and technology. This new market is a hybrid of the traditional processes of finance—working capital, supply chain, payments processing, deposit accounts, life assurance and so on—but ...

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