Led 23

AlphaPoint Appoints Scott Scalf To Firm!

Source: bitcoin


AlphaPoint is proud to announce that Scott Scalf will be joining the AlphaPoint Executive Team. Scalf, formerly Director of Trade Lifecycle Systems at Deutsche Bank Global Technology, will be joining the company as Executive Vice President of Development Operations.

Bitcoinist.net is not responsible for AlphaPoint and its goods and/or services.

AlphaPoint is a financial technology company that lies at the core of over 20 digital asset exchanges and provides institutions blockchain-enabled solutions to store, track, and trade digital assets. With a platform that can handle up to 1 million transactions per second, AlphaPoint is a name well known across five continents.

“The financial sector is undergoing a profound technological shift as firms and institutions embrace the blockchain and related technologies.  More than ever, it is important that veteran leadership helps drive innovation in space. With more than 25 years of engineering and management experience, Scott has a deep understanding not only of existing market infrastructure, but of our firm’s vision of what will come next, and he will be key to AlphaPoint’s continued growth. – Joe Ventura, Founder of AlphaPoint”

Scalf has a diverse resume that comes from more than 25 years of experience, with knowledge in both “engineering and managing both front- and back-office systems for both buy-side and sell-side firms: OMS/EMS, algorithmic execution, real-time position and risk, dynamic trading surveillance, post-trade processing, clearing & settlement, and regulatory reporting.” As well as holding two patents for web applications, Scott has been on teams that have made systems that are now the backbone
of many Wall Street institutions. Commenting on his new appointment, Scott said:

“World-class FinTech requires both a deep understanding of the domain and outstanding engineering capabilities – and AlphaPoint has both. I am thrilled to be involved at this innovative stage to help the AlphaPoint team build the trusted infrastructure needed to realize the potential blockchain technology, digital assets, and distributed ledgers hold for capital markets and beyond. – Scott Scalf”

About AlphaPoint

 AlphaPoint is a financial technology company that powers digital asset exchanges and provides institutions blockchain-enabled solutions to store, track, and trade digital assets. Its secure, scalable, and customizable platform can process nearly 1 million transactions per second, enabling customers to innovate, differentiate, and transform their businesses. As the world’s leading white label exchange provider, AlphaPoint powers over 20 digital asset exchanges on 5 continents, and is led by a seasoned team with 50+ years in financial technology. AlphaPoint has offices in New York City, Philadelphia, and San Francisco.

Image Source: AlphaPoint

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AlphaPoint Appoints Scott Scalf To Firm!

Led 15

New York Public Transportation Going Contactless Is An Opportunity For Bitcoin

Source: bitcoin

New York Public Transportation Going Contactless Is An Opportunity For Bitcoin

Contactless payments are one of the hottest trends right now when it comes to revamping the financial industry in the near future. However, the payment method is only viable in a limited capacity right now, although more consumers will be able to use contactless payment options in the future. If everything goes according to plan, most of the New York public transportation system will go contactless in two years from now.

Also read: Bitcoinist Giveaway: Win a Free Ticket to TNABC 2016

Contactless Payments In Favor Of Cash

When using public transportation, cash payments are one of the most annoying issues to deal with. While most countries will have other ticketing options available as well, a lot of consumers still rely on cash transactions when buying a ticket. However, cash payments are slowly on the way out in a few different countries around the world, and governments are looking at alternative solutions.

Contactless payments are a big part of the future of finance, according to the Metropolitan Transportation Agency in New York. It is not the first time this new type of payment will be making its way to public transportation solutions in the New York area, as the first experiments with contactless transactions started back in 2006.

Thanks to a partnership between the MTA, MasterCard, and Citi, a pilot program was created to introduce this alternative form of payment to society. After nearly ten years, Governor Cuomo will be accelerating the feasibility and adoption of contactless payments in the area. In a way, this can also be seen as a move by the New York officials to catch up with the city of London, where contactless payments have been used for public transportation

New York Governor Andrew Cuomo stated:

“The MTA is absolutely vital to the daily functioning of New York City, but for too long it has failed to meet the region’s growing size and strength. This is about doing more than just repair and maintain – this is thinking bigger and better and building the 21st-century transit system New Yorkers deserve.”

If all goes to plan, both the subway and bus industry will be using contactless payments from 2018 onwards. Commuters will be able to pass through ticket gates more quickly, as well as board buses without any friction. Plus, an application will be created for users to manage their balance online, rather than relying on physical cards.

A Huge Chance For Bitcoin Payments

Contactless payment integration opens up a lot of opportunities for Bitcoin in the near future as well. In fact, companies such as Plutus have come up with a way to allow for Bitcoin transactions wherever NFC payments are accepted. This means Bitcoin users in New York should be able to use digital currency as a payment method for public transportation

Even though New York doesn’t appear to be keen on Bitcoin by any means, it is not unlikely the MTA will integrate digital currency payments themselves in the future. When it comes to places with a lot of tourists every year, Bitcoin payments for public transportation make a lot of sense. Unlike fiat currencies, Bitcoin is a global payment method.

What are your thoughts on contactless payments for public transportation in New York? Should they integrate Bitcoin at some point? Let us know in the comments below!

Source: Finextra

Images courtesy of MTA, Shutterstock

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New York Public Transportation Going Contactless Is An Opportunity For Bitcoin