Chinese Blockchain-Based Pilot Platform Completes First Cross Border Trades
Companies involved in the pilot platform managed to make trades with companies in the US, Mexico, and India Go to Source Powered by WPeMatico
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Argentina’s Banks Set to Use RSK Blockchain Technology for Tracking Payments
RSK enters the enterprise blockchain field by collaborating with major Argentinian banks Go to Source Powered by WPeMatico
JPMorgan, Bank of America, Wells Fargo Sued Over Trump’s Paycheck Protection Program
Class action lawsuits have been filed against JPMorgan Chase, Bank of America, Wells Fargo, and U.S. Bank for their alleged unlawful and fraudulent practices in the Paycheck Protection Program. This program is part of President Trump’s $2.2 trillion stimulus package to help small businesses cope with the economic crisis resulting from the covid-19 pandemic. Lawsuits … Read more
A Major Chinese Bank Unveils the Banking Sector’s First Blockchain White Paper
The Industrial and Commercial Bank of China is the world’s largest lender by assets, and they’ve just released a crypto white paper Go to Source Powered by WPeMatico
Banks Could Intercept Your COVID-19 Stimulus Checks — Enter Crypto
In response to the COVID-19 pandemic, the traditional banking system shows its vulnerability, which could not happen with crypto Go to Source Powered by WPeMatico
Americans Purchase $1,200 Worth of Bitcoin, While 7 Banks Fumble With Stimulus Payments
For years now, bitcoiners and cryptocurrency proponents have said the antiquated banking system will not continue to survive for very long and the financial system is showing massive cracks these days. The recent stimulus check fiasco is a prime example of the issue, as customers from PNC, JPMorgan Chase, US Bank, and Capital One have … Read more
What It Means to Be an Investor Amid the Global Pandemic
In times of crisis, such as the COVID-19 pandemic, digital options could win over traditional investments — but you need to be patient Go to Source Powered by WPeMatico
Are Banks and the Capital Markets Ready to Embrace Blockchain?
The blockchain tech adoption for traditional financial institutions will help to improve the industry — but are those institutions ready? Go to Source Powered by WPeMatico
Retail Banks in Poland Launch BIK’s Blockchain-Based Client Data Tool
The biggest credit bureau in Central and Eastern Europe launches commercial use of blockchain-based customer data platform for retail banks Go to Source Powered by WPeMatico
Major U.S. Banks Go Down Due to Stimulus Payout Demands
Major US banks go offline amid demand from trillions of dollars of stimulus payouts Go to Source Powered by WPeMatico