A robot hand holding a vintage ladies' wallet, representing electronic wallets or e-wallets, respectively

What Is An E-Wallet – Definitions and Technical Distinctions

E-wallets are software programs which securely store data. This data is needed to enable the wallet owner to conduct payments online or at points-of-sale. And they do so by use of a specific device.  

That’s as close to an encompassing definition of e-wallets, or electronic wallets respectively, as we will probably get. But it’s also just the surface of what electronic wallets – sometimes also called digital wallets or (obsoletely) cyberwallets – can do. Over the last decade, e-wallet technology has found application to a variety of use cases. This article will cast a light on the term E-wallet, especially in the context of online payments. In the following paragraphs you’ll find: 

  • Definitions of certain types of e-wallets 
  • An overview of their common functionalities 
  • A breakdown of e-wallet-based payment 
  • An outlook on their role in the future of payments and e-commerce
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2019: The Year in Cryptocurrency

Natallia Martchouck looks back on the cryptocurrency developments of 2019

Another fintech year is over. Even a fintech decade. A lot of things happened last year and in good tradition, I’d like to look back at 2019. In this article, I’ll recap the highlights of the crypto scene from my point of view. It has been a year full of victories and drawbacks, as usual.

The beginning of the crypto year was quite turbulent.

The 51 Percent Attack

Bitcoin, father of the crypto industry and most prominent and popular cryptocurrency, started the year below the 4.000 USD mark, achieved a yearly high in July at approx. 12.000 USD and then fell back to 7.000 USD at the end of the year.

In the meantime, the start of the new year wasn’t much better for Ethereum Classic. The blockchain experienced a 51% attack. The attack began on January 5th, went on for three days, finally ending on January 8th with estimated losses of 1.1 million USD. The attack could be stopped due to the collaboration of blockchain analytics companies and exchanges, who halted the ETC transactions and provided data to the analytics companies. Even though the possibility of a 51% attack on a proof-of-work blockchain was known it was scary to see it becoming reality on a blockchain that ranks in the top 20 crypto assets list.

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Portrait of Andrei Martchouk, interview partner of the first finquiry episode, talking about blockchain and cryptocurrencies.

Finquiry #1: Andrei Martchouk on Blockchain

The financial industry of today and tomorrow branches out in many directions. As providers of software foundations for e-wallets and payment processing systems, we plant the roots on which your trailblazing financial products can stand firmly. Yet, with catchwords like  “PSD2”, “fintech”, “blockchain”,” neobanking” and “robo-advisory” entering the scene every day, it’s easy to miss the forest for the trees.

To keep oneself up-to-date on the newest industry developments, what better way than to ask the experts. In our new blog series “Finquiry”, we interview professionals about the today and the tomorrow of the financial industry. 

Our Guest: Blockchain expert Andrei Martchouk

Our interview partner Andrei Martchouk is Managing Director and Co-Founder of KI decentralized GmbH. We have asked him about blockchain and the cryptocurrency sphere. 

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The Mona Lisa by Leonardo DaVinci, photographed and a Tourist photographing it with his smartphone, symbolizing digital transformation of art (i.e. with blockchain).

6 Art Projects Powered by Blockchain

At a first glance blockchain and art are polar opposites. But how do they say:  Opposites attract. Blockchain technology can help to solve many issues of the modern art market, for example:

  • It can help to securely and transparently track provenance, copyright and ownership information
  • It can provide frameworks for tokenization of real-world art objects, simplifying access to the art market and allowing “ordinary mortals” to become art investors and get partial ownership on expensive assets (see e.g. Maecenas project description below)
  • Blockchain and cryptography can be the art environment itself, meaning they can be used to create and store digital art objects (like Crypto-Kitties described below)
  • And of course, it can help artists to collect fundings for their art projects using the mechanisms of the so-called ICO (initial coin offering)

Let’s have a look at the most popular and interesting blockchain and art projects where creativity meets technology.

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Steve Wozniak and Nuno Sebastiao talking on-stage during the Money20/20 Europe 2018 Conference

Our Experiences at Money20/20 Europe 2018

Going to the circus — hard to imagine a more vintage pastime these days.

The digital infotainment industry compels our attention easily, where daring trapezists or wisecracking Augustes would struggle.

The organizers of Money20/20 Europe 2018 didn’t shy away from the contrast. Proclaiming the Greatest Fintech Show on Earth, they paired digital finance with fin-de-ciècle circus arts.

From 4th to 6th June, international fintech and banking companies rolled up in Amsterdam, the new partner city of Money20/20 EU. Among them: A small delegation of invaders from planet trimplement

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