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Bitcoin slowly goes global as businesses like Overstock expand to international customers | Biz Carson | GigaOM Tech News

Bitcoin slowly goes global as businesses like Overstock expand to international customers | Biz Carson | GigaOM Tech News | Financial Technology | Scoop.it
Bitcoin has attracted the attention of a lot of large businesses from Expedia to Dell to Overstock. However when all of those companies started accepting bitcoin, it was only in the U.S. But the tide is starting to change as more businesses expand their bitcoin acceptance overseas.Overstock is set to become the largest later on Monday when it turns on international bitcoin payments for O.co this evening. Other retailers, like Newegg and TigerDirect, have already moved north of the border and started accepting payments from Canadian customers.Part of the draw of opening up bitcoin payments internationally is the cost savings. Instead of dealing with the hassle of foreign currencies and high processing fees, bitcoin coming from Albania costs the same to process as a bitcoin from Alabama. It also helps minimize cases of fraud, which can be higher among international customers, thanks to the technology behind blockchain confirmations.For Overstock, there was no “deep strategy” to roll it out to international consumers, said CEO Patrick Byrne. Instead, it was about the distribution of resources needed to implement it. Bitcoin payments currently account for one quarter of one percent of Overstock’s daily transactions, Byrne said, so the company was limited by how many resources it could dedicate to the project during its development cycle.Click headline to read more--
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What marketing strategies for Fintech ?

What marketing strategies for Fintech ? | Financial Technology | Scoop.it
At Balderton we have invested in four fintech businesses in the last year: Nutmeg, Motif, GoCardless and Crowdcube, and …

Via Huy Nguyen Trieu
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Huy Nguyen Trieu's curator insight, August 24, 2014 5:33 PM

Very interesting article about the marketing strategies that work for Fintech companies. Other ideas that spring to mind : free transfers up to $100,000 for 1,000 startups from Transferwise that helped them achieve visibility in the tech space. Or partnerships with other companies (i.e. between Funding Circle and Santander, or Zopa and a mobile phone company). 

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Will that be debit, credit or bitcoin?

Will that be debit, credit or bitcoin? | Financial Technology | Scoop.it
If start-up Shift Payments has its way, you'll soon be able to switch from real money to digital currency when paying with a single card. (RT @GigaBitcoin: Will that be debit, credit or Bitcoin?
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Vogogo Raises $8.5 Million to Boost Bitcoin Exchange Security

Vogogo Raises $8.5 Million to Boost Bitcoin Exchange Security | Financial Technology | Scoop.it
Calgary-based online payment services provider Vogogo, a platform that automates payment processing, regulatory compliance and risk management for businesses, including clients in the bitcoin and digital currency sector, ...
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Faster bank transfers in Singapore with new service

Faster bank transfers in Singapore with new service | Financial Technology | Scoop.it
A new service called Fast And Secure Transfers (FAST) will be rolled out on Monday, enabling instant fund transfers between banks, around the clock.

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igot Launches Dubai's First Bitcoin Exchange - CryptoCoinsNews

igot Launches Dubai's First Bitcoin Exchange - CryptoCoinsNews | Financial Technology | Scoop.it
The United Arab Emirates (UAE) is one of the richest countries in the world. Home to the the seventh largest oil reserves on the planet and 19th highest nominal GDP per capita, the UAE has quickly developed a high-income economy.
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UK Wants to Be a World Leader in FinTech and Virtual Currencies

UK Wants to Be a World Leader in FinTech and Virtual Currencies | Financial Technology | Scoop.it
Chancellor George Osborne said at an event in London today that he wants the UK to be at the pinnacle of financial technology (FinTech) and virtual currency developments. The UK capital is well known for being one of the ...
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Bitcoin: Total Units of Cryptocurrencies in Existence

Most people who are aware of bitcoin and litecoin, have no idea about capitalization of the cryptocurrencies or the number of them in existence This is criti...
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Facebook Bank Payments Come to Japan - The Next Web

Facebook Bank Payments Come to Japan - The Next Web | Financial Technology | Scoop.it
Bank payment via Facebook is coming to Japan, if you're a customer of Rakuten. The company is best known for its global e-commerce business, which includes the US site formerly known as Play.com, but it offers a range of ...
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