Cryptocurrencys’ Prospects in Asian Markets

When Satoshi Nakamoto invented Bitcoin, his vision was that Bitcoin’s growth could be unfettered by central bank and government oversight as well as the effects of inflation. Cryptocurrencies do not rely on central banks as they are traded digitally and can be transferred globally, allowing traders to avoid currency controls. [1] Nakamoto would be pleased,…

Qudian and the Rise of Chinese Fintech

The eve of China’s nineteenth party congress brought promising news for Chinese fintech: Qudian, a new loan and microlending platform for consumer and small business, jumped twenty-two percentage points during its IPO debut on the New York Stock Exchange. [1] The company generated $900 million (USD) in its initial offering, demonstrating that investors see a…