Tag: HSBC

Herve Falciani, former HSBC Holdings Plc computer specialist, convicted of industrial espionage, is promoting a new cryptocurrency called Taboow amid extradition battle with Switzerland, Bloomberg reported on September 12, 2018.  Supporting a New Spanish Cryptocurrency According to Bloomberg, Herve Falciani, a French native wanted on charges of industrial espionage in Switzerland, has entered the cryptocurrency game while awaiting a Spanish…

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Banks and cryptocurrencies have not always been the best of friends, though the former is beginning to loosen up a bit. In the latest development, HSBC’s Global Head of Digital said on July 19, 2018, that the finance heavyweight is taking a ‘”cautious” approach towards cryptocurrencies due to the super volatile nature of digital assets. Tokenization better than Speculation In an…

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HSBC Holdings announced that it had completed its first scalable blockchain-based trade finance transaction through which it has concluded that blockchain is ready for mass adoption in the trade finance market. HSBC revealed that it concluded that blockchain is a commercially viable technology after processing a letter of credit on behalf of Cargill, a large food and agricultural conglomerate based…

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In a bold and encouraging move forward, HSBC along with The Bank Of China Hong Kong have publicly addressed their plans to implement blockchain technology in select mortgage services and property valuation models by mid-November 2016. This veer towards the brilliant blockchain “Tech-topia” is a result of the substantial resistance from regulators in big banking, according to Duncan Wong from…

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