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What you need to know about Cryptocurrency: Final Chapter

Final Chapter – Return to Basics “Bitcoin 101” I have heard that many of you still feel totally confused by Blockchain and Bitcoin.  Since we have only brushed the surface of those topics that is understandable. I strongly recommend you visit these four sites and download the pdf documents. To gain a basic understanding of […]

What you need to know about Cryptocurrency: Part 6

Part Six – Cryptocurrency as a Disruptive Technology        The business meaning of “disrupt” is “to change the traditional way that an industry operates, especially in a new and effective way: “Dell Inc. disrupted the traditional way of selling computers by switching to the internet.” Taken from: http://dictionary.cambridge.org/dictionary/english/disrupt        These articles do more than discuss banking system disruption.  They also provide a window into the underlying animus of […]

What you need to know about Cryptocurrency: Part 5

The yeoman’s work in preparation for legislation and regulation of cryptocurrency has begun.  One might say the we are at the beginning of the beginning of regulation of cryptocurrency.         De Facto Federal Legislation of Cryptocurrency is Nigh By Wendy McElroy July 11, 2017  The Uniform Law Commission (ULC) is holding its 126th Annual Meeting in […]

What you need to know about Cryptocurrency: Part 4

What follows is a list of those that have, by many accounts, the largest impact on bitcoin and blockchain in 2016.  It is a direct cut and paste from the CoinDesk web site.  If you continue to expand your knowledge of cryptocurrency you will run into these names and more.  This list is just a […]

What you need to know about Cryptocurrency: Part 3

A Crypto-Currency Primer Part Three – Cryptocurrencies As of July 5 there are 805 traded cryptocurrencies.  Below you will find a list of the top ten cryptocurrencies by Market Cap as of mid-morning July 5, 2017:   source: https://coinmarketcap.com/all/views/all/ The top six listed cryptocurrencies.  Bitcoin – Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, […]

What you need to know about Cryptocurrency: Part 2

A Crypto-Currency Primer Part Two – Definitions (From Wikipedia except as noted) A good understanding of a topic starts with a frame of reference.  In this case that frame is a list of definitions for terms emanating from the marketplace of cryptocurrencies. Yes, this can be tedious, but it is necessary to begin to understand […]

What you need to know about Cryptocurrency: Part 1

This is a primer on Cryptocurrency.  It is a five-part series written by Bob Petersen that will continue weekly.  It is our goal to start your education in Cryptocurrencies so that you have a basic understanding of this relatively recent, alternative currency. Introduction and Overview The world of fiat currency is being, at least to […]

The Fintech World

What is "Fintech"?  According to, INVESTOPEDIA it is "a portmanteau of financial technology that describes an emerging financial services sector in the 21st century."  The term used to only apply to back-end processing for customer and trade financial institutions.  This term has now expanded to include any technological innovation in the financial sector, including such things [...]

Posing a Challenge

A new type of bank has recently surfaced in the U.K. called Challenger banks. If you have not heard of them before, you are not alone.  The Oxford Dictionary defines them as relatively small retail banks set up with the intention of competing for business with large, long-established national banks. According to the Seismic Blog, [...]

Automated Systems, Inc. Partners with MX to Integrate Insight and Target Technology

Integration brings cutting edge technology to online banking space Lincoln, NE — November 13, 2015 — Automated Systems, Inc. (ASI), a leading provider of reliable and innovative native banking products, today announced a new partnership with MX to continue creating increasingly advanced financial technology. Working in tandem with MX, a fintech company that makes it […]