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Digital To Overtake Mainstream? Plus Loan Latest
If mainstream finance doesn’t hurry up with its attempts to integrate with the alternative sector, it will soon be overtaken by the digital challengers. Our friends at Finextra report the latest research: More than half of millennials are happy to switch to, or have already switched, to a digital-only bank; reveals the latest data from the independent financial advisory deVere Group. The results from the poll, which quizzed 550+ clients born between 1980 and 1996, highlighted how 59% of those surveyed already exclusively use digital banking services, or are planning to make the switch to do so within the next …
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Serious Business: The Benefits And Dangers As Society Rethinks Money
Our head of content and communications opines on the nature of digital money, specifically cryptocurrencies, and its place in – and threat to – the modern nation state. Here’s an extract of his recent article in Byline Times. Rethinking the nature of money is serious stuff. It is, in effect, the re-examination of a concept of value exchange that’s been central to society, certainly every mercantile culture, for thousands of years – from Pacific conch shells, to gold, promissory notes and credit cards. It’s my contention that, for good or for ill, there is a clear and present threat to …