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To give Europe's many innovative entrepreneurs every opportunity to become world leading companies is the main aim of the Commission's Start-up and Scale-up Initiative, according to the official release. It pulls together all the possibilities that the EU already offers.
Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: "Today's local start-ups could become tomorrow's global success stories. We want to help start-ups stay and grow in Europe. By helping them navigate the – often perceived – regulatory barriers to fully benefiting from the Single Market. By making it easier for them to have a second chance, without being stigmatised if their idea doesn't succeed the first time around. And by improving access to funding by boosting private venture capital investment."
While the start-up’s are supported, international banks create own cryptocurrencies. Riksbank, the central bank of Sweden, considers the possibility of issuing a digital currency, named e-krona.
According to the coinidol.com, banking cards or payments apps are used more often than cash in Sweden.Cecilia Skingsley, Deputy Governor of the Riksbank, noted at the FinTech Stockholm 2016 that the less those living in Sweden use banknotes and coins, the clearer it becomes that the Riksbank needs to investigate whether it should issue electronic money as a complement to the money we have today.”
Japanese Bitcoin exchanges will soon be insured against damages and losses. Cryptocoinsnews.com reports, Tokyo-based insurance firm Mitsui Sumitomo Insurance will offer its services. The firm proposes coverage ranging from 10 million to 1 billion yen. In addition to this there will be an insurance payments if customer will lose funds in cause of mishaps and employee improprieties.
Coming up – digital financing in action: cryptocurrencies’ news, blockchain startups and projects. Immediately after the ads. Blockchain startups and evolved cryptocurrencies. News of all over the world of digital finance in blitz-mode.
Charlie Shrem launches new blockchain venture. Former CEO of bitcoin exchange BitInstant Charlie Shrem has created joint project with Jason Granger – Intellisys Capital. According to the Coindesk.com, startup will offer users direct investments in mid-sized companies, whereas investment portfolio will consist of tokens issued on the ethereum blockchain.
Amazon users will be able to pay for purchases in bitcoin. According to the Coinspeaker.com, iPayYou has developed new payment service – Amazon Direct to let users an opportunity to seamlessly transfer any dollar amount of bitcoin. They can buy more than 100 million products at the world's largest store Amazon.
Youku will trial the BlockCDN. The-blockchain.com reports, BlockCDN is working on creating a crowdsourced content distribution network to offer competitive prices to content providers. Users will be able to earn the digital currency BCDN via their computer, mobile phone or TV box. BlockCDN's ICO will start at the 28th of November until the 26th of December. Youku will be the first company to trial the new technology.
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