In an effort to trim expenses, European fintech outfit Revolut has allegedly urged employees to leave, according to staff interviewed by Wired. “Some of the employees allegedly pressured to leave have been left stranded in a foreign country without a job or health insurance in the middle of a pandemic,” describes author Emiliano Mellino, collecting stories from multiple Revolut employees. The company reportedly staffed a great number of employees at multiple locations around the world — Krakow, Poland in particular. The Wired report also notes: “While the Polish government has…
Day: June 4, 2020
Fed Chair Teases Use of Ethereum-Based Interest Reference Rates
In a May 28 letter to Senator Tom Cotton (R-AR), Jerome Powell, Chairman of the U.S. Federal Reserve, described an interest reference rate based on the Ethereum blockchain, called Ameribor, as effective for some, but not all. Ameribor is a tool from American Financial Exchange (AFX) that uses the Ethereum blockchain to track interbank lending by minting ERC-721 tokens for each repayment. The Fed Chair responds on overall interest reference rates After a Banking, Housing and Urban Affairs Committee hearing in February, U.S. Senator Cotton sent questions over to Chairman Powell.…