News tagged with money

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Bitcoin ATM builder targets money-transfer business

In a makeshift office - a living room crowded with desks, monitors and a beanbag chair - programmers are hacking away on computers, aiming to make their mark on the multibillion-dollar financial services industry.

Jul 10, 2014
5 / 5 (2) 1

Probing Question: What is Bitcoin?

In 1729, when he was 23 years old, Benjamin Franklin authored a pamphlet titled "A Modest Inquiry into the Nature and Necessity of a Paper Currency." The revolutionary idea he advocated? Paper money printed ...

Jul 10, 2014
3.4 / 5 (5) 3

Strong institutions reduce in-group favoritism

Ineffective social and political institutions make people more likely to favour their family and own local social group, while good institutions make them more likely to follow impersonal rules that are fair to everyone, ...

May 05, 2014
5 / 5 (2) 0

Newlyweds, be careful what you wish for

A statistical analysis of the gift "fulfillments" at several hundred online wedding gift registries suggests that wedding guests are caught between a rock and a hard place when it comes to buying an appropriate gift for the ...

Apr 17, 2014
3 / 5 (3) 0

Skype-type money swaps bad news for banks?

Irked by high bank fees on international money transfers, two Estonian IT whizzes who helped engineer Skype and Paypal have hatched Transferwise, a global Internet platform coordinating currency swaps between ...

Feb 16, 2014
4.6 / 5 (7) 1