How FinTech and digital currency unfolds global technology disruption

The term FinTech has been coined quite recently. However, this does not change the fact that Finance and technology have always been intertwined. Way back in 1866 the first transatlantic cable was laid, which then became the backbone for the globalization of finance. Next in 1918, the first electronic transfer of money was conducted using Morse code technology. In the 1950s, credit cards, another digital payment medium, was launched by American Express and Diners Club. This event can officially be called FinTech 1.0. The actual beginning of modern FinTech effectively dates back to 1967 when the first ATM machine was… [Continue Reading]