The European country is considering a coin offering that would include the issuance of estcoins; the offering would build on the country's progressive innovation in technology and specifically its e-Residency Program; Kaspar Korjus, director of Estonia's e-Residency program, has been a leading proponent for the ICO and the country is also supported by ethereum founder Vitalik Buterin; funds from the ICO would go towards investment in new technologies for the public sector as well as invest venture capital into Estonian companies. Source
Wells Fargo has seen customers become more adept at using digital and plans to accelerate their branch closure plans; the company is looking to close more than 800 branches by the end of 2020; “Our vision of satisfying our customers’ financial needs remains unchanged, but how we execute this vision has evolved; this evolution includes developing new ways to more efficiently serve our customers and create a better customer experience,” said CEO Tim Sloan on a conference call as reported by TearSheet; the closures are expected the save the bank about $4bn. Source.
