Financial Industry News
JPMorgan’s blockchain-based payments initiative has added Deutsche Bank as its latest member. The addition brings the total number of banks signed up for the Interbank Information Network (IIN) to 320, according to a report from the Financial Times on Sunday. Announced in October 2017, IIN is built on Quorum, the ethereum-based blockchain network developed by the banking […]
Continue ReadingPayments giant Mastercard is to develop a blockchain-powered cross-border payments platform in partnership with enterprise-focused blockchain firm R3. In an announcement on Wednesday, Mastercard said the two firms have inked a deal to “develop and pilot” the payments solution. It will initially be aimed at connecting faster payments schemes and banks backed by Mastercard’s clearing and […]
Continue ReadingThe company set up to run Facebook’s Libra cryptocurrency project is seeking to apply for licensing as a payment system in Switzerland. Swiss financial regulator FINMA confirmed in a guidance note on stablecoins Wednesday that it had received a request for an assessment of how it would classify the Libra project as currently planned. The […]
Continue ReadingApple is “watching cryptocurrency,” according to an executive at the tech giant. Apple Pay vice president Jennifer Bailey, talking to CNN at a private event in San Francisco, said “We think it’s interesting. We think it has interesting long-term potential.” Bailey did not elucidate about the possible uses of the technology Apple might pursue. She had been […]
Continue ReadingBlockchain forensics firm Elliptic has raised $23 million in a Series B funding round led by Tokyo-based financial institution SBI Holdings. Announced Wednesday, the funding will help drive Elliptic’s Asia expansion, which includes a recently opened Singapore office and one in Japan that will open this week. Tomoyuki Nii, executive officer for overseas investment at […]
Continue Reading“Big Four” auditing firm PwC’s Luxembourg branch will accept cryptocurrency payments from clients starting next month. The move, announced Monday, is a response to client demand and demonstrates PwC Luxembourg’s belief in blockchain technology’s “medium to long-term” role in the economy, the firm said. PwC Luxembourg said it partnered with a local exchange to facilitate the […]
Continue ReadingA large donation to a non-profit working to protect the Amazon rainforest and the environment has been blocked by compliance rules at crypto payments firm BitPay. The charity, Amazon Watch, took to Twitter on Friday to appeal to BitPay to let the $100,000 payment through. @BitPay @BitPaySupport a donor, no doubt upset about horrific #AmazonFires […]
Continue ReadingThe merchant payments startup Flexa will soon allow any other app to run payments in crypto just like its own SPEDN app has since May. Staking with the company’s Flexacoin (FXC) will enable apps to trustlessly provide payments to merchants without any danger of malicious apps reversing a transaction after Flexa has transferred funds. The […]
Continue ReadingWoori Financial Group, one of South Korea’s largest banking companies, has agreed to work with Ground X in developing blockchain financial services. Group Chairman Chairman Son Tae-seung made the announcement on the 21st at the company’s headquarters in central Seoul, some reports said. Further detail appeared in Shin-A Ilbo, CoinDesk Korea, and other publications. Under the agreement, […]
Continue ReadingMore wallet features are on their way to the Brave browser. Support for native cryptocurrency wallets was added to Brave Nightly per a posting yesterday in the official Brave subreddit, r/BATProject. Brave Nightly is a test and development version of the Brave browser. Brave’s tri-part marketing system rewards content creators, advertisers, and viewers through its […]
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