Search results for bank of italy

Blockchain Technology applications in cyber security range from data protection, decentralization, resistance to attacks among others. General digitization is associated with a heap of risks that developers and entrepreneurs need to be aware of. Although the full potential of the technology is yet to be explored, it is already preventing many cyber crimes across the world.

In some countries, bitcoin is seen as a legal payment platform, whilst in others, there are regulations pertaining to how betting with cryptocurrency operates.

It seems that cryptocurrency and bitcoin debit cards are becoming popular worldwide. Visa Inc. a giant payment and financial services company with $81 billion in total assets, has launched a bitcoin debit card in Australia and it is expected to go live in September.

Cryptocurrency cards are the modern way to spend bitcoins for purchases even if the vendor doesn’t accept cryptocurrency directly. However, users worldwide face multiple issues while using these crypto cards, including the inability to pay everywhere, bad customer service, bad exchange rates, high fees, and even closed or frozen accounts with money lost.

Venezuela faces lots of issues due to the sanctions imposed by the United States of America against the authoritarian regime of President Nicolas Maduro. Therefore, its citizens face the need for tools and ways that would allow them to circumvent the economic crisis in the country.

There is an opinion that European Union (EU) countries offer more favourable conditions for running cryptocurrency businesses. That is why companies tend to choose the European market over the United States.

Italy is known for favouring innovative technologies such as blockchain. Now, the country is trying to implement the tech in its banking sector. The Italian Banking Association announced that 100 of the country's banks have applied the Spunta solution for the banking sector.

Cryptocurrencies including Bitcoin (BTC) are just one decade old but they have proved to be one of the major profitable investment alternatives in the world.

It seems the optimism and enthusiasm about the adoption of blockchain have been growing as more and more industries explore the potential of this nascent technology.