ICOs Are Already Revolutionizing Fintech, Moeda CEO Says

ICOs Are Already Revolutionizing Fintech, Moeda CEO Says

EXCLUSIVE—Investors don’t need to wait for Initial Coin Offerings to reach their full potential: this way of raising capital is already redefining how businesses in certain markets can operate, Taynaah Reis, CEO for cooperative banking system company Moeda told Bank Innovation . Moeda conducted an ICO in August 2017, raising $20 million for its blockchain banking platform. The company has offices in the U.S. but operates primarily in Brazil, where it works with cooperative banks Cresol and Unicafes to provide digital banking services, such as loan origination through the blockchain. “Most of the [ICO] funding came from young people […]

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