Archive

Hong Kong’s Protest Driving Demand and Price for Bitcoin

As Hong Kong’s protest intensifies, market observers are noticing a surge in demand for bitcoin in Hong Kong. Bloomberg reported that Bitcoin was trading at about 4% premium in Hong Kong. Whereas a CCN report is showing that sellers on

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Sequioa-Backed QFPay Raises US$20 Million to Fuel Its Global Expansion

QFPay, a China based digital payment technology company has received a new round of USD20 million funding. This funding round is joined by the likes Rakuten Capital, VentureSouq, MDI Ventures and existing investors like Sequoia Capital China and Matrix Partners.

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Deutsche Bank Rolls Out Digital Signatures

Deutsche Bank announced that digital signatures are now being rolled out for clients in Asia Pacific. As cross-border document and contract signing can be a time consuming process, this solution helps to streamline and expedite the client experience. The bank

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China is Issuing its Own Cryptocurrency Answer to Facebook’s Libra

The People’s Bank of China (PBoC) is close to issuing its own cryptocurrency, Shanghai Security News reports. This is in line with earlier public statements made by China stating that they are eyeing to release their cryptocurrency soon Better known

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How Will Driverless Cars of The Future Be Insured?

Self-driving cars have been touted that as the future of transportation by many, including the likes of Elon Musk who claimed that Tesla will roll out “truly self-driving cars” by 2020, which in case you have noticed, is only a

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Shenzhen Has Issued 6 Million Blockchain Invoices in a Year

Shenzhen has demonstrated its willingness to experiment with innovative technology when it issued its first digital invoice on the blockchain last year. Part of the Greater Bay Area, Shenzen has issued close to 6 million invoice according to a report

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Digital Insurance Grown 20 Times but Traditional Channels Still Dominant in China

The insurance industry is on the brink of a major transformation, driven by factors such as macroeconomic development, changing consumer expectations, technological innovation and increased competition, according to a recent insurtech report by jointly published by ZhongAn and KPMG. In

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Soon You Might Not Need An Internet Connection to Make Payments Using WeChat

In July, Tencent’s super-app WeChat ran a trial that enabled passengers of two Spring Airlines flights between Shanghai and Chengdu to make offline payments while flying, reports Abacus. Passengers could sign up for the trial service, called WeChat on the

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Standard Chartered Launched eXellerator Innovation Lab in China

Standard Chartered Bank announced the launch of the eXellerator innovation lab in China, that brings together employees, corporate clients and fintechs to develop innovative solutions that meet the evolving banking needs of clients. Located in Shanghai, the eXellerator in China

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Hong Kong’s Regulator Shares its Progress in Implementing Open Banking So Far

The Hong Kong Monetary Authority (HKMA) unveiled today in a media statement, the progress of its Open API framework and its future plans. The HKMA introduced the Framework in July 2018, which aims to facilitate the development and wider adoption

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