Philippines’ UnionBank Launches Stablecoin, Conducts Country’s First Bank Blockchain Transaction

2019-7-31 22:00

The group ran its first transaction between three rural banks in an effort to improve its remittance offerings.

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transaction banks rural three offerings remittance effort

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JP Morgan on the hunt for candidate with Bitcoin transaction knowledge using ‘Blockchain’ mask

The Big Banks’ fear of the decentralized currency world is palpable, both in theory and in practice. This fear has manifested in several institutional financial players first chiding Bitcoin and then embracing the crypto-realm, but the pre-condition of Blockchain’s precedence over Bitcoin has always been maintained.

2019-6-15 09:46


Ripple partners with Brazil’s Front Exchange to launch Simple to ease cross-border remittance

Ripple has been living true to its motto of promoting cross-border payments with low transaction fee lately with a barrage of partnerships and other developments. Last week, Ripple-backed remittance providers such as InstaReM and MoneyNetint made the news by partnering with banks in order to simplify cross-border transactions.

2019-5-26 14:30


Terrified Central Bank Attempts to Arrest Myanmar’s Bitcoin Binge

By CCN: An emerging economy which expects to attract $5. 8 billion worth of Foreign Direct Investments is belittling its goals with an anti-technology stance. Myanmar is the latest developing country that is hinting to shut doors in the face of bitcoin, a decade-old global cryptocurrency which proposes to replace banks with a decentralized network of transaction validators and bookkeepers.

2019-5-20 12:10


Ôîòî:

Citibank ditches plans for its own cryptocurrency, bets on SWIFT instead

One of the world’s top 20 banks by asset value, is ditching plans to create its own digital asset – and abandoning all of its cryptocurrency experiments. Instead, it’s betting on a SWIFT. Citibank is not following in the footsteps of JP Morgan with the creation of its own cryptocurrency, believing there are better ways of making improvements to existing financial transaction systems, CoinDesk reports.

2019-3-18 18:15


HSBC Bank Credits Blockchain Distributed Ledger Tech for $250 Billion in Transaction Settlements

While financial institutions have been hesitant to get on board with cryptocurrency, blockchain technology has been seeping into this world. HSBC is known as one of the largest banks in the world, and they have recently used the distributed ledger technology (DLT) as a way to setting over $250 billion in transactions, which was announced […]

2019-1-14 21:32


Euro Exim Bank Will Start Using XRP for Cross-border Payments in Q1 2019

XRP continues its successful path to mass adoption as the ultimate token for interbank transaction processing. After multiple tests and announcements by several banks and payment processors, Euro Exim Bank of London finally announced that it will use XRP and Ripple’s xRapid software in a matter of weeks and before the end of Q1 this […] The post Euro Exim Bank Will Start Using XRP for Cross-border Payments in Q1 2019 appeared first on Ethereum World News.

2019-1-13 09:48