News

We have exciting news for all ELT holders. A popular crypto auction and skill gaming site is going to accept ELT tokens for the bids in its various auctions and skill games, making it easy for everyone who owns ELT to participate. The auction site offers you an opportunity to place bids in order to

An interesting article in the New Statesman America looks at ways in which high school kids can benefit from education about how fintech works. As the author, and teacher, Jonathan Reynolds, points out, the class he talked to were familiar with the term, but had not grasped the potential it had to create news jobs

The International Financial Reporting Interpretations Committee (IFRIC) has said that cryptocurrencies are neither cash nor financial assets, but meet the definition of an intangible asset, Coindesk reports. The news came via The Korea Times this week, which reported a statement by the Korea Accounting Insitute, which referred to the IFRIC, made in London this summer.

A new report from PwC indicates that the majority of fundraising and M&A (merger and acquisition) deals in the cryptocurrency industry are now happening in Asia and Europe, surpassing the previously dominant role of the Americas, Coindesk reports. PwC released the study at Coindesk’s Invest Asia event. Its analysis of the crypto ecosystem found that

Lendo continues to move forwards to its launch date for the card programme. Over the summer our work has focused on building utility for the ELT ecosystem, including progressing the relationship with the asset-backed car finance product which is accepting ELT as part payment. To recap on the benefits of this investment for ELT owners,

According to Cointelegraph, the European Central Bank (ECB) has published a paper on stablecoins saying that stablecoins with a clear governance framework may be hampered by the uncertainty of the lack of regulation. The ECB published the paper called “In search for stability in crypto-assets: are stablecoins the solution?” on 29th August. It describes the

Maerki Baumann, one of Switzerland’s private banks based in Zurich, has reported that it is embracing crypto assets, following a flood of demand from at least 400 of its customers. The move comes at a time when Swiss private banks are under pressure, and Maerki Baumann, which is one of the smaller banks, is turning

According to EY’s Global Fintech Adoption Index 2019, “96% of the 27,000 consumers surveyed (across 27 global markets) reported they were at least aware of a FinTech transfer or payments service — and 75% had used one.” The survey also identified growth in the SME market across the key categories of banking and payments, financial

According to an EIU report the competition between the established retail banks and the fintech newcomers, including digital-only banks and those in payments solutions, is heating up. The EIU reports states that big tech companies like Google, Facebook, Apple and major payment players such as WeChat Pay, Alipay and PayPal are viewed as the biggest

There are many advantages to Lendo having a presence in Singapore, which we have written about before. Now, we are delighted to announce another one that will please many people, and not just the Lendo team: the Singapore government has proposed to exempt specific digital currencies from its Goods and Services Tax (GST). The report