French Financial Market Participants Trial CBDC for Euro Bond Deals

Financial market participants in France have collaborated with Euroclear to complete a series of bond transactions using a Banque de France-issued central bank digital currency (CBDC) and a blockchain solution developed by IBM.

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FINMA licensed crypto-asset gateway SEBA Bank introduces staking platform

SEBA Bank, a FINMA licensed crypto-asset banking platform, today announced the launch of SEBA Earn, an institutional-grade solution enabling clients to earn yields on their crypto holdings. As a comprehensive staking management platform, SEBA Earn will enable institutions and individuals to generate rewards on their cryptocurrency from networks including Tezos, Polkadot, and Cardano; with more […] The post FINMA licensed crypto-asset gateway SEBA Bank introduces staking platform appeared first on CryptoNinjas.

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Marketnode, 10 Top Banks, Launch Blockchain-Based Fixed Income Solution

Marketnode has joined forces with 10 multinational financial institutions, including BNY Mellon, Barclays, BNP Paribas, Citi, Deutsche Bank, Standard Chartered, and Societe Generale, amongst others, to launch an enterprise-grade blockchain-based fixed income solution, according to reports on September 27, 2021.

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Huawei Launches AI-Based Blockchain Service Built On Huawei Cloud

Huawei and SDP Bank have unveiled the SPDB Finwarehouse blockchain solution

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Bhutan Advances Financial Inclusion and Sustainability with Ripple’s CBDC Solution

Today, we are proud to announce our partnership with Bhutan’s central bank, the Royal Monetary Authority (RMA), who will use Ripple’s CBDC solution to pilot a central bank digital currency (CBDC) in phases.

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Brazil’s BTG Pactual Bank Launches Bitcoin (BTC) Trading Platform

BTG Pactual has announced the launch of its crypto trading and custody platform. Dubbed Mynt, the solution allows BTG Pactual Digital and BTG+ clients to trade bitcoin (BTC) and ether (ETH) directly, with more cryptocurrencies to be added soon, according to a press release on September 20, 2021.

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ASTRA Brings Legal Assurance And Consumer Protection To DeFi And CBDCs Alike

Legal assurance and consumer protection are two crucial concepts in the financial world. Unfortunately, for cryptocurrencies and digital assets, those concepts are relatively tricky to come by. While central bank digital currencies get a lot of attention lately, the Astra Protocol team is working on a solution for cryptocurrency users.  The Rise Of Central BankRead More

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Revuto Coin Review & Price Prediction – Where To Buy Revuto?

Revuto is a crypto-based subscription payments solution and built on Cardano’s scalable smart contract network. The platform transforms members’ digital wallet into a digital bank and enables them to complete recurring payments for their favorite goods and services.

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BIS Unveils Blueprint for Instant Cross Border Payments System

The Bank of International Settlements (BIS) has released the blueprint of its instant cross-border payments solution dubbed Nexus. The BIS Innovation Hub says the Nexus solution will connect with Instant Payment Systems (IPSs) across nations to offer users superfast cross-border payments.

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Caceis Goes Live with Retail and Institutional SRD II Solution from Broadridge

 In response to new regulatory obligations under the updated Shareholder Rights Directive (SRD II), CACEIS Bank S.A., Germany Branch has selected global Fintech leader Broadridge Financial Solutions, Inc. ...

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Ripple Clients Nium and Fidor Bank Partner with Visa and PayDo App to Set Up Better Payment Systems

Two Ripple customers have inked new partnerships, with Visa giant and PayDo, to improve payments system in Europe and launch a new payment solution in Hong Kong

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South Korea: LINE Unveils Blockchain-Based CBDC Solution

LINE Plus, a subsidiary of popular IM service provider LINE recently unveiled a blockchain-based CBDC solution. LINE Plus Launches CBDC Solution It would seem private entities are not shying away from entering the central bank digital currency (CBDC) waters.

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Cryptocurrency Exchange Paybis Rolls Out Instant Bank Payments Globally, Cuts Fees to 0.99%

Press Release: Paybis introduces instant bank payments solution for UK and EU; adds support for local bank payments in the US and SWIFT USD for international clients.   7th July 2021, Edinburgh, Scotland – Global cryptocurrency exchange Paybis is introducing several new payment options for its international customers.

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Cryptocurrency Exchange Paybis Rolls Out Instant Bank Payments Globally, Cuts Fees to 0.99%

Press Release: Paybis introduces instant bank payments solution for UK and EU; adds support for local bank payments in the US and SWIFT USD for international clients. 7th July 2021, Edinburgh, Scotland – Global cryptocurrency exchange Paybis is introducing several new payment options for its international customers.

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Ripple-Friendly Temenos Partners with Fastest-Growing Digital Bank in Pakistan to Build Next-Gen Banking Solution

Ripple customer Temenos has inked a partnership with Pakistan’s UBL to help it implement an improved digital banking platform

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Singapore’s Central Bank Organizes Global Challenge for Retail CBDC Solution

The Monetary Authority of Singapore (MAS) has launched a Global CBDC Challenge that would see global financial institutions, financial technology companies, and others submit solutions around peculiar issues surrounding retail central bank digital currencies (CBDCs).

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Switzerland: Crypto Bank to Offer DeFi Tokens to Institutional Clients

Crypto-bank Sygnum has launched institutional-level custody and trading services for decentralized finance (DeFi) tokens. This is a significant move for the Swiss-based bank and includes a yield farming solution.

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Egypt’s Largest Bank Connects With Lulu International Exchange Via RippleNet to Facilitate Cross-Border Payments

The National Bank of Egypt (NBE), Egypt’s largest and oldest bank, has inked a partnership deal with blockchain-based company Ripple, to utilize the latter’s digital payment solution, RippleNet, in order to facilitate cross-border transactions.

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Bank of America Joins Paxos Blockchain Settlement Service

U. S financial giant Bank of America has joined the Paxos Settlement Service to use blockchain technology to achieve same-day settlement of stock trades.   Bank of America to Settle Stock Trades Using Paxos Blockchain Solution This development was revealed by media outlet Bloomberg on Monday.

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DBS rolls out the first bank-backed crypto trust solution in Asia

DBS, a Singapore-based private bank has launched the first-ever bank-backed crypto trust in Asia. The bank reached this milestone by leveraging its fully-owned subsidiary, DBS Trustee. Through this launch, the bank seeks to offer its private banking clients an opportunity to invest, custodize, and manage up to four digital currencies in an organized manner.

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Singapore’s biggest bank launches crypto trust solution

After posting tenfold crypto volume growth in Q1 2021, DBS Private Bank is expanding its crypto services with a new trust solution.

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Cambodia Bank SBI LY HOUR Launches Cross-border Payment Solution Using RippleNet

Cambodian bank SBI LY HOUR Bank has launched the first blockchain-based remittance services between Cambodia and Vietnam. This solution is expected to improve cross-border transactions between the two countries.

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NYDIG claims hundreds of US banks will embrace crypto this year

Crypto custody firm NYDIG has joined hands with Fidelity National Information Services (FIS), a leading FinTech company to help US banks integrate crypto in their operations. The two firms seek to develop a solution that will let banks offer their clients the ability to purchase, hold, and sell Bitcoin (BTC) through their bank accounts.

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NYDIG Partners with FinTech Giant to Enable US Bank Customers to Buy, Hold, and Sell BTC through their Existing Accounts

Through NYDIG’s custody solution and FIS’s link to lenders, nearly 300 million checking accounts, the idea is to bridge the gap in accessibility to Bitcoin because banks are seeing that their clients want crypto assets and are sending funds to crypto exchanges.

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England’s central bank moves ahead with CBDC with 7 job postings

The Bank of England's CBDC-related job listings range from solution architect to senior manager.

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Cardano Partners with Simplex to Allow ADA Purchase via Credit Cards and Apple Pay

Cardano’s native cryptocurrency, ADA, will now be available for direct purchases from credit or debit cards, Apple Pay, or even bank transfers. Its partnership with Simplex, a solution facilitating fiat on/off ramps to the cryptocurrency ecosystem, makes this possible.

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Norway to start digital currency tests after four years of research

The Norwegian central bank aims to find a preferred CBDC solution through new technical tests.

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JPMorgan Launches Blockchain-Based Validation Solution for Financial Institutions

Banking giant JPMorgan has revealed the launch of a blockchain solution that will reduce the number of failed transfers within its payment system. This development was announced on Monday, with the bank confirming that the solution named ‘’Confirm’’ is in its testing phase.

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JPMorgan Piloting Blockchain-based Payment Solution in Asia

American investment bank and financial services provider JPMorgan, on Monday, April 12, launched ‘Confirm,' a blockchain solution to reduce the number of rejected or returned payments. ‘Confirm' Validates Transactions In ‘Near Real-time' Following the launch, the US bank is now test-running the blockchain solution with 12 banks in Taiwan.

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DBS Becomes First Asian Bank To Process Transactions Using Trusple Blockchain Solution

Singapore-based Bank, DBS announced today that it had processed its first financial transaction using the Trusple Blockchain. This makes DBS the first bank to use Trusple blockchain solution to perform a transaction.

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Embattled Ripple Developing CDBC Payments Solution

Ripple has revealed in a blog post on March 3, 2021, that it’s piloting a private version of its XRP Ledger blockchain network. The solution is designed to function as a secure, permissioned, and flexible infrastructure for the issuance of central bank digital currencies (CBDCs).

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Why Bitcoin Has Been So Successful In Nigeria

Bitcoin has offered many Nigerians a solution to fundamental economic challenges. The ban from the country’s central bank won’t change that.

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India’s Largest Bank Partners with JPMorgan for Blockchain Payment Solution

The State Bank of India (SBI), a major Indian bank, has collaborated with Wall Street giant JPMorgan to utilize the latter’s blockchain solution for efficient cross-border transactions.   SBI Collaborating with JPMorgan for Blockchain-based Cross-border Payments According to the Economic Times on Wednesday (Feb.

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SBI, India's largest bank, integrates JP Morgan's blockchain solution

State Bank of India, the country's largest bank, is in the news today after a report by the Economic Times revealed that the country has joined JP Morgan's much-hyped blockchain payments network.

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Standard Chartered-Backed Crypto Custody Solution Set for Launch in 2021

Zodia Custody is an institutional-grade custody solution formed following the partnership between SC Ventures—a unit of the London-based Standard Chartered Bank, and Northern Trust—an asset servicing provider, a press release on Dec 9 reveals.

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ING Bank Opens Up About Crypto Custody Solution at Singapore Fintech Event

Speaking at the Singapore Fintech Festival, ING's blockchain lead spoke publicly for the first time about the bank's trials with digital assets.

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Singapore: United Overseas Bank Reportedly Developing Crypto Custody Solution

Major Singaporean bank, the United Overseas Bank (UOB) is mulling joining the cryptocurrency custody bandwagon. United Overseas Bank Developing Crypto Custody Solutions According to a report by The Block, Singapore-based United Overseas Bank appears to be developing digital assets custody solutions.

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BIS report suggests ‘embedded‘ monitoring tool for stablecoins

After proposing automated ways to monitor global stablecoins like Libra, a new report from BIS argues that a better solution may ultimately be central bank digital currencies.

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Ripple Partner Temenos Selected to Power New Swiss Digital Bank in 2020

Ripple partner Temenos teams up with new Swiss digital bank FlowBank to power its launch by means of its Temenos Transact cloud-based solution

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Silvergate Exchange Network (SEN) Crosses $100B in Transfer Volume; An Increase of 252% Period Over Period

Silvergate, the California based crypto-friendly bank, announced that the cumulative transactional volume within its payment solution, Silvergate Exchange Network (SEN), has hit $100 billion. This year has been bullish for SEN, a trend that the firm attributes to the growing interest in crypto markets.

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Ripple Partner Airwallex Launches New Solution, Accepting Card Payments in UK and Europe

Ripple partner Airwallex payment company has announced the launch of a new solution that works with payments made through bank cards in the UK and Europe

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SaTT Breaks the Bank With $1 Million Collected in 48 Hours – The ICO Race Is Back?

After 2 years of development and an initially difficult experience (in the middle of a bear market), the SaTT project, which offers an original advertising solution based on blockchain and is already working with the biggest social networks such as Facebook, Twitter, YouTube, and Instagram, has just achieved exceptional performance, selling more than a million […]

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Colombian IT Ministry Quotes Satoshi and Bitcoin, Calls for Blockchain and Crypto Adoption

Less than two months after the Office of the Inspector General of Colombia, World Economic Forum (WEF), and the Inter-American Development Bank (IDB) partnered up to develop a blockchain-based Proof-of-Concept solution to tackle corruption in government’s procurement processes, the Colombian Ministry of Information Technology and Communications (MinTIC) has published a draft guide, identifying ten coreRead MoreRead More.

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Italian banks develop blockchain for bank transactions

A huge 85% of Italian banks have adopted blockchain as a solution for interbank...

The post Italian banks develop blockchain for bank transactions appeared first on Coin Journal.

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Santander Expands One Pay FX to 19 Countries With Ripple

Santander has expanded its One Pay FX app, the transformative cross-border payments solution, to 19 countries in a partnership with Ripple. Spanish multinational commercial bank Banco Santander has partnered with Ripple to facilitate speedy and transparent cross-border transactions.

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Central Bank Of Sri Lanka Launches A Proof Of Concept (PoC) Blockchain Solution for Sharing KYC

The Central Bank of Sri Lanka (CBSL) launches its KYC proof-of-concept (POC) blockchain aiming to improve shared Know-Your-Customer (KYC) services across financial institutions. According to the release, the CBSL aims at financial inclusion across Asian countries and a global scale through digital payment systems.

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Central Bank Digital Currency Touted as Solution to US Economic Overhaul

Talk of a US central bank digital currency (CBDC) dominated proceedings, as the US Senate Committee on Banking, Housing, and Urban Affairs conducted a virtual meeting yesterday. The near two-hour-long hearing titled “The Digitization of Money and Payments” discussed competing with China’s CBDC offering, financial inclusion, and modernizing the current US economic model. Taking the […]

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Signature Bank Reports 15% Transaction Volume Surge with Its Ethereum-Based Signet Blockchain Solution  

Signature Bank (SBNY: NASDAQ), a New York-based full-service commercial bank, announced that the private beta launch of Signet, its Ethereum-powered distributed ledger technology (DLT) payments solution enabled it to increase its transaction volume by 15 percent, reports Forbes on June 24, 2020.

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Russian Central Bank To Unveil Digital Mortgage Solution Supported by Blockchain Technology

Reports have now emerged that the Russian Central Bank is well on course in developing an online Mortgage solution that is supported by blockchain technology. They are leveraging domestically produced Masterchain Blockchain.

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