#banking

Person Checking Laptop with Shinhan Bank Card

South Korea: Shinhan Bank Turns to Blockchain Technology to Augment Financial Services

December 11, 2018 by Shaurya Malwa at Adoption, Blockchain, Business, Finance, News

South Korea’s second largest bank has started a pilot project to implement a blockchain-based work process across a range of financial services and internal protocol management systems, reported Korea Times on December 10, 2018. Leading Blockchain Adoption Managing assets of over $260 billion and storing $192 billion worth of the...

R3 Tent Wagons Carrying Ripple Tokens across the Desert

R3 Adds Ripple as First Settlement Mechanism on New Payments dApp

December 7, 2018 by Priyeshu Garg at Adoption, Altcoins, Blockchain, Business, Development, Finance, News

R3, the world’s leading developer of enterprise blockchain solutions for business, launched a new global payment platform that uses Ripple’s XRP as its initial base currency, the company announced in a press release on December 5, 2018. R3 Launches a New Global Payment Platform One of the leading enterprise blockchain...

Blockchain Streaming out of a Bank onto Someone's Phone

The U.S. DFS Approves Digital Payment Platform for Commercial Banking Transactions

December 6, 2018 by Cindy Huynh at Adoption, Altcoins, Blockchain, Business, Finance, News, Regulation

Maria T. Vullo, the Financial Services Superintendent, announced on December 4, 2018, that the Department of Financial Services (DFS) had approved Signet, the New York State-Chartered Signature Bank’s new digital payment platform. Signet: Innovative Solutions for Bank Payment Systems According to the DFS’ press release, Signature Bank is the first...

BIS Report: Cryptocurrencies Are a Poor Store of Value, Unlikely to See Mass Adoption

November 7, 2018 by Aisshwarya Tiwari at Adoption, Altcoins, Bitcoin, Blockchain, Commentary, Finance, Guides, News

A report from the Bank for International Settlements titled “Money and payment systems in the digital age,” published November 1, 2018, suggests that leading cryptocurrencies such as bitcoin, ether, and stablecoin tether do not serve the primary functions of money, and are, therefore, a poor store of value. Unlikely to Witness...

HSBC Completes Blockchain-Based Transaction for India’s Reliance Industries

November 5, 2018 by Cindy Huynh at Adoption, Blockchain, Business, Finance, News

The British multinational banking organization HSBC and Belgium’s ING Bank have partnered to execute a trade transaction using the blockchain network from a U.S.-based Tricon Energy to India’s Reliance Industries. According to an Economic Times article published on November 4, 2018, the blockchain-enabled letter of credit transaction is the first...

Tether Confirms Banking with Deltec; Latter Confirms $1.8 Billion in Account

November 3, 2018 by Rahul Nambiampurath at Altcoins, Ethereum, Finance, Investment, News, Platform, Tech

Tether Limited, the company developing the USDT stablecoin, has announced a new banking partnership. In a statement published November 1, 2018, the company confirmed long-standing rumors that Deltec Bank & Trust Limited would be the next financial institution to hold its cash reserves. Headquartered in the Commonwealth of The Bahamas,...

Cryptocurrency Bank Revolut Faces Heat For Abusive Recruitment Activities

October 27, 2018 by Cindy Huynh at Altcoins, Bitcoin, Business, Finance, News, Platform, Tech

Revolut, a digital banking alternative is recently experiencing a bit of trouble from Spanish Community for their abusive recruitment activities. According to an article published by ElDiario on October 21, 2018, the fintech bank is implementing unfair hiring activities, resulting in Revolut gaining free work from people looking for employment....

A coin looking pretty stable on some rocks

Coinbase Introduces Circle’s Center Stablecoin on Exchange, Critics Cry Foul

October 24, 2018 by Cindy Huynh at Altcoins, Blockchain, Finance, News, Platform, Tech

Cryptocurrency giants Coinbase and Circle recently announced on October 23, 2018, the addition of the Center (USDC) stablecoin on the former's exchange. According to the Coinbase blog, it is the first time the cryptocurrency exchange has supported a stablecoin which it believes is fundamentally different from any existing stablecoins in...

Dukascopy Swiss-Based Forex Bank Launches Ether CFDs

October 11, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, Investment, News, Regulation

Swiss-based forex broker and crypto-friendly bank, Dukascopy have announced the launch of its Ether contracts for differences (CFDs) after successfully adding Bitcoin CFDs to its product offerings earlier in the year, according to a Finance Magnates report on October 9, 2018. Dukascopy Bank Joins Crypto Bandwagon Per sources close to...

The Blockchain Industry Could Reach $7 Billion, Says Bank of America

October 5, 2018 by Cindy Huynh at Blockchain, Commentary, Finance, News, Tech

Although the blockchain sector is still an emerging industry, the Bank of America estimated that the addressable market for blockchain will soon reach $7 billion. According to CNBC, while blockchain technology is not standard in a business-to-consumer market, it could help improve existing services in business-to-business markets such as the...

Pages: « 6 7 8 9 10 11 12 13»