Financial Industry News
Digital banking infrastructure provider Banxa has raised $2 million in a Series A round. Led by blockchain investment firm NGC Ventures, the round also saw the ASX-listed Thorney Investment Group Australia participate, according to a press release on Wednesday. The firm offers a fiat currency to cryptocurrency gateway solution that was recently tapped by crypto […]
Continue ReadingCrypto banking competitors Prime Trust and Signature Bank have partnered in a bid to appeal to institutional clients. Signature announced Monday it would be linking its Signet payments platform to Prime Trust’s multi-asset settlement platform, creating a new service offering “real-time” settlements for digital asset trades. “Any Signature Bank commercial client participating on the Signet […]
Continue Reading‘Tis the season for introspection. And this year, my thoughts are on bitcoin. As Jewish people around the world celebrate Hanukkah this week, inspired by the ancient miracle that a sacred flame lasted for eight days of battle although the oil supply was dangerously low, I’m pondering how the hell I’ll keep experimenting with this […]
Continue ReadingCoinbase CEO Brian Armstrong has been granted a U.S. patent for an invention that makes sending bitcoin as easy as email, literally. The patent, granted on Tuesday and filed in March 2015, details a system for users to make cryptocurrency payments with email addresses linked to corresponding wallet addresses. The sender makes a request to […]
Continue ReadingSince the mobile wallet app launched in June, Breez integrated with shopping and payment apps like Fold, MoonPay and Bitrefill, just to name a few. According to company data shared with CoinDesk, Breez’s ready-made lightning setup facilitated 4,273 transactions in October alone. That claim might be hard to swallow if whispers of Breez weren’t omnipresent […]
Continue ReadingAside from cryptocurrency and payments apps, the report also lists bill-sharing apps like Tikkie as being subject to the planned bill, currently being worked on by Justice Minister Ferdinand Grapperhaus. The legislation builds on the EU’s anti-money laundering directive, according to another report from NOS.
Continue ReadingWith the wallet, which is currently available on XRP Testnet, developers can generate and manage account credentials, view balances, send and receive cryptocurrency and monitor transaction history. Developers can also expect to see future new Xpring platform functions launched on the wallet in the future, Beard said.
Continue ReadingBuilt on Quorum, a permissioned blockchain based on ethereum and developed by JPMorgan, IIN is designed to enable member banks to exchange information in real time, allowing them to verify a payment has been approved. This, the bank says, helps reduce friction in international payments and ultimately leads to faster processing times.
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Continue ReadingCoinbase has added support for five new crypto options to its Visa debit card, and also expanded availability to 10 more European nations. The U.S.-based cryptocurrency exchange announced Thursday that holders of the card can now spend XRP, basic attention token (BAT), augur (REP), 0x (ZRX) and stellar (XLM). The new options come in addition to […]
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