Alibaba Offshoot Trials First Blockchain Remittance to Philippines, Plans Global Expansion
Alibaba’s Jack Ma plans to take blockchain remittances to whole world after successful Philippines trial Go to Source Powered by WPeMatico
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Bank of England to Rebuild Settlement System to Interface with Blockchain Platforms
The Bank of England will rebuild its Real Time Gross Settlement system to interface with platforms using distributed ledger technology Go to Source Powered by WPeMatico
License Needed for Crypto Trading, Circulation, and Settlement in Cambodia
Three Cambodian government bodies have jointly announced that the propagation, circulation, buying, selling, trading, and settlement of cryptocurrencies without obtaining a license are illegal activities. The agencies have also outlined four main risks associated with crypto trading or investing. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space License Needed The National Bank of Cambodia (NBC), … Read more
Blockchain Platform to Challenge App Stores With ‘Borderless Payments’
A start-up wants to challenge major app stores and their “unfair policies” by reducing commission fees and speeding up payments to merchants #SPONSORED Go to Source Powered by WPeMatico
IBM Launches Blockchain-Powered Media Transactions Tracker to Prevent Advertising Fraud
Digital giant IBM introduces a blockchain-based pilot for tracking digital media transactions to provide transparency and cut costs in the advertising industry Go to Source Powered by WPeMatico
Germany: Financial Experts Don’t See Crypto as an Everyday Payment Method by 2020
Most German finance experts in a ZEW poll don’t expect crypto to be a viable every payment option by 2020 Go to Source Powered by WPeMatico
Ripple: Banks Unlikely to Apply Blockchain for Cross-Border Payments in Near Future
Ripple’s chief cryptographer David Schwartz claims banks will not use blockchain for cross-border payments in near future Go to Source Powered by WPeMatico
Western Union Will Not Add Crypto Transfer Support in Near Future, Says CEO
The world’s largest money transfer company Western Union will not add a cryptocurrency transfer solution to its services soon Go to Source Powered by WPeMatico
CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” – Former FDIC Chair
The former chair of the United States Federal Deposit Insurance Corporation, Sheila Bair, recently published an article imploring the U.S. Federal Reserve to explore central bank-issued digital currencies (CBDCs). In the article, Mrs. Bair argues that the development of a state-issued cryptocurrency could “reduc[e] the risk of financial crises” and “improv[e] monetary policy tools.” Also … Read more
South Korean Banking Group to Launch Blockchain-Powered ID Verification Platform
South Korea’s commercial banking group to launch a blockchain-based customer ID verification platform in July Go to Source Powered by WPeMatico