economist

The Meaning of the Blockchain

THE BLOCKCHAIN, the technology that underlies bitcoin, has yet to live up to the hype surrounding it. Promising blockchain-based projects, such as a land registry in Honduras, have fallen short of expectations. Ersatz securities listings, called “initial coin offerings”, have attracted unfavourable attention from regulators.

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As Regulators Circle, China’s Fintech Giants Put the Emphasis on Tech

FOR those still trying to work out what exactly fintech involves, we are sorry to bring you this update from China, a world leader in mixing finance with technology. Fintech is pass; the hot new thing is techfin.

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Why Americans Are Warming to Mobile Payments

Americans have long been laggards when it comes to paying for goods and services with a smartphone. Plenty still prefer to sign credit-card slips or even cheques. But there are signs that they are warming to more modern methods.

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Make Bank of America Great Again

In the skyscraper that is Bank of Americas New York headquarters, the chief executive, Brian Moynihan, looks relaxed. The bank has just announced record first-quarter earnings. Its return on equity is comfortably in double digits. Its share price has been on a roll. The revival of Americas second-largest bank, he avers, was inevitable.

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