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Allevo
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SEPA – one step away from the finish line
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Long time has the subject of creating a single
payment area at the European level been debated. It took eight years for the
largest project for European payments standardization to be prepared and
launched in February 2008 and another eight years to be implemented. The
deadline for non-Euro countries financial market’s players – banks, financial
institutions, public administration and corporations – to be compliant with
payments processing regulations is October 2016. It is when we’ll be finally
able to say SEPA (Single Euro Payment Area) is real.
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FinTP
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Bitcoin and the rise of cryptocurrencies | |
The
apparent success of Bitcoin and the open source nature of its code led
to an explosion of alternate cryptocurencies, some almost exact copies
of Bitcoin, while others with different cryptographic algorithms or
innovative methods to verify the proof of work.
Some of the
Bitcoin clones brought innovation to the table and took the idea of
cryptocurrency and the computing power behind it to a whole new level.
For example, Primecoin searches for chains of prime numbers (further
advancing the field of cryptography and encryption). Another example is
Gridcoin, a currency which contributes its computational power for
research that may lead to advances in medicine, biology, mathematics,
science, climatology, astro- and particle physics, thus providing real
benefits to humanity.
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On our Blog
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