Tagged: rhode island

Virtual Currencies Coming Under Money Transmission Laws in Rhode Island

As of January 1, 2020, businesses facilitating “currency transmissions” for a fee among residents of Rhode Island will have to be licensed under state money transmission laws, law firm Alston and Bird reports. The term “currency transmission” is defined by the bill as, “maintaining control… Read More

State of Rhode Island Seeking Proposals for Blockchain Tech to Improve Governance

The Rhode Island Department of Administration/Division of Purchases is soliciting, “…proposals from qualified firms to provide a limited Proof-of-Concept implementation of the use of Blockchain technology to further the State’s goal of becoming more efficient, transparent, accurate, secure and business-friendly…” Deadline for submissions is Friday, June… Read More

Coinsource Branches Out into Massachusetts, Little Rhody & New Hampshire: Wicked Awesome

Coinsource, reportedly the world’s largest Bitcoin ATM network, has expanded its services to the Northeast, unveiling 10 new machines in Massachusetts, Rhode Island and New Hampshire.  The introduction, due to increasingly high-demand from Bitcoin users, comes two weeks after Coinsource made the pivot from using… Read More

Little Rhody Update: WorldRemit Broadens Overseas Fintech Network

WorldRemit, a global digital remittances service platform based in the UK, today announced that Rhode Island residents can now securely send money overseas via its mobile app.  WorldRemit touts availability in US, DC and Puerto Rico. WorldRemit has targeted its service for immigrants in the U.S., allowing them to send money instantly… Read More

How A Rhode Island Town Used Crowdfunding For A Public Works Project

Central Falls, Rhode Island Director of Economic Development Shares Insights For Other Cities Looking To Crowdfund Public Projects In the wake of the financial crisis, budgets at all levels of government have tightened. Words like “sequester” are now a part of our common, everyday lexicon…. Read More

Central Falls, Rhode Island Takes To Citizinvestor To Bootstrap Public Works Project

Central Falls, Rhode Island is “the smallest city in the smallest state” in the United States, but it is a densely populated city; it’s comprised of nearly 20,000 residents in an area of about one square mile. Central Falls fell on hard times in the… Read More

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