Author: Rachel Tan

The Bitcoin Opportunity in Asia [Infographic]

So far, Bitcoin has primarily been used in investment and trading in countries such as China, Japan and South Korea. But the promise of the digital currency is most seen in the developing workd.  Indeed, there are huge opportunities to disrupt the remittance market in countries such as India, Indonesia and the Philippines. The remittances market is a $ 600 billion opportunity and is riddled with inefficiencies. Cross-border Payments : Bitcoin’s Opportunity Cross-border payments with Bitcoin are also being considered in the trials and experiments by banks and other financial institutions. e-Commerce has been rising in popularity across Asia but has...

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How Do Corporations Deal With Blockchain Opportunities in Asia? [Infographic]

One of the innovation buzzwords in recent years is the blockchain. This technology permeates the underlying workings of cryptocurrencies such as Bitcoin. But it holds huge potential outside of the payment sector and may even revolutionize the way the world economy works. How do corporations leverage on blockchain in Asia today? How big is the blockchain ecosystem in Asia? A key point to note is that most financial institutions in Asia are still in experimentation phases with blockchain technology.  Every major bank in the region has, at the very least, a research team studiying blockchain technology. Before 2015, most major investments were concentrated in Bitcoin-related enterprises such...

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Singapore’s “Disrupt Yourself First” Strategy for Fintech Innovation

Fintech (short for ‘financial technology’) has seen massive growth in Singapore, rising from just 18 fintech startups in 2015 to more than 300 today. That’s an increase of over 1600% over the last two years! Hence, it is no surprise that Singapore is currently leading the fintech wave in Southeast Asia; which coincides well with the city-state’s Smart Nation goals to create a society empowered by technological developments. Current circumstances are also well-suited for growing Singapore’s fintech potential. Singapore serves as the Asian headquarters for a variety of financial institutions, enabling it to host over 200 banks with total assets...

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Asia’s Usage of Blockchain and Bitcoin: Insights from Vijay Ayyar, Head of Business Development at BitX

We had an interview with Vijay Ayyar, Head of Business Development at BitX, to explore how Asia is leveraging on Bitcoin and blockchain technology. BitX is a universal Bitcoin platform that provides highly secure mobile wallets, institutional quality exchanges, and various APIs for merchant and other business integration. The company started out building Bitcoin and blockchain systems for financial institutions, and was an early player in developing a fully-integrated Bitcoin system for a major multi-national bank. Q: How do current players in banking / payment leverage blockchain technology in Asia? Do you have examples of existing blockchain projects by...

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DTAC Accelerate is strengthening the Thai startup ecosystem

Growing startups has grown as a big topic this year in Thailand when the Thai government announced a new US$570 venture fund in April to fund and grow local startups to number 10,000 by 2018. But before these developments, DTAC Accelerate was already on the scene investing and incubating startups. Created in 2013, the program recently doubled its investment and incubation budget to Bt100 million (US$2.9m) from between Bt50 million and Bt60 million (US$1.5m-US$1.8m) in 2015. 11 startups have gone through the program from 2013-2015 with 70% of the 11 startups, raising funds from overseas surpassing Bt 175 million...

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