#banking News

Ripple’s Insitutional Arm Grows Along with XRP Integrated Liquidity Service

November 7, 2019 by Ashwath Balakrishnan at Altcoins

RippleNet, the network of financial institutions and payment providers using the Ripple ledger, has hit a milestone of 300 institutional customers from 45 different countries. On top of that, On-Demand Liquidity (ODL), which uses XRP to eradicate pre-funding capital requirements, has seen 7x growth from the end of Q1 2019...

China’s Central Bank Promotes Blockchain Utility

November 7, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

China’s central bank and financial regulator, the People's Bank of China (PBoC) has endorsed the revolutionary distributed ledger technology (DLT). The apex bank has made it clear that blockchain tech has real use cases in the financial sector, as it significantly reduces the risks involved in trade finance, reports Reuters...

Vietnam: TPBank Joins RippleNet to Enable Blockchain-Enabled Cross-Border Payments

November 5, 2019 by Aisshwarya Tiwari at Blockchain

Vietnam-based TPBank (Tien Phong Commercial Bank) has become the latest member to join Ripple Inc.’s blockchain-powered enterprise-grade payments network RippleNet. This, according to a report by Yahoo! Finance, November 4, 2019. Ripple On-Boards Vietnamese Bank to the RippleNet Network Ripple’s distributed ledger technology-enabled (DLT) remittance network – RippleNet - has...

Facebook Heavily Criticized in Congressional Hearing, Zuckerberg Evades Specific Questions

Mark Zuckerberg to Testify Before House Committee; Here’s What You Should Know

October 23, 2019 by Ashwath Balakrishnan at Altcoins

There is less than a day for Mark Zuckerberg to formally provide testimony in front of the Congressional financial services committee. Facebook's head honcho is preparing himself to vehemently defend Libra, but also to admit to Facebook's past mistakes, according to the New York Times, October 22, 2019. Prelude to...

IMF Explores the Synergies Between Privately Backed Stablecoins and CBDCs

IMF To Warn Central Banks That Payment Narratives are Shifting Away From Them

October 17, 2019 by Ashwath Balakrishnan at Bitcoin

Central bankers and finance ministers are set to come together for the World Bank annual meeting, and the IMF has some strong advice for them: regulate digital currencies or watch your monetary monopoly lose power. Sources at Bloomberg believe the IMF has finally understood that the shift from a bank-based system to...

Putin checking out some bitcoin russia flag

Russia Remains Crypto-Aware but Doesn’t see the need for a National Digital Currency

October 11, 2019 by Ashwath Balakrishnan at Altcoins

President of the Russian Central Bank, Elvira Nabiullina, believes there is no immediate need for Russia to explore launching a sovereign digital currency. Despite having studied and researched these topics, the central bank doesn't believe there are any obvious benefits to the economy, as reported by TASS, October 10, 2019...

French Billionaire Calls to France in Support of Facebook’s Libra Cryptocurrency

October 11, 2019 by Edoardo Vecchio at Altcoins

Xavier Niel, a French billionaire businessman active in the telecommunications and technology industry who is best known as the founder of the French Internet service provider Iliad, wrote an article for LesEchos expressing his support for the Facebook crypto project, Libra, October 11, 2019. Don't Fear the Libra Libra will...

Hand Pointing to a Flag of HashCash in Africa

HashCash Building DLT Solution for a Global Bank

October 7, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

HashCash Consultants, a software firm that claims to be developing distributed ledger technology (DLT) solutions that allow enterprises to facilitate real-time cross-border payments, has inked a strategic partnership deal with an unnamed global bank for the development of core banking solutions aimed at increasing the speed, security and efficiency of...

Coinbase pointing to UK Bank Welcome back coinbase

Coinbase Reinstates GBP Bank Deposits and Withdrawals

October 4, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Coinbase crypto exchange has announced that it has reinstated GBP bank deposits and withdrawals for its United Kingdom-based customers. The exchange has also added full support for a host of popular altcoins including basic attention token (BAT), augur (REP), lumens (XLM), XRP and ZRX, according to a blog post on...

Blockchains breaking apart regular money decentralized

Traditional Financial Companies Acknowledge the Value of Decentralized Finance (DeFi)

September 30, 2019 by Ashwath Balakrishnan at Blockchain

Decentralized finance (DeFi) refers to the use of decentralized protocols to transfer value and access financial services in a permissionless manner. Amongst the latest trends is an incredibly exciting new shift toward DeFi. Forbes reports that traditional financial companies are starting to explore opportunities in the space, September 29, 2019. ...

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