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# settlement News

Banco Santander announced the launch of its new international payments service using blockchain-based technology on April 4, 2018. Known as “Santander One Pay FX,” it is the first Ripple-enabled mobile app for conducting payments across borders. It leverages xCurrent, the recently launched Ripple payment solution. Santander’s One Pay FX app...
On August 9, 2018, Paxos, the parent company of crypto exchange itBit, announced the launch of the Paxos Confirmation Service, a tool designed to streamline the post-trade confirmation process for the precious metals market. A Step toward Post-Trade Blockchain Solution Making the announcement, the company revealed that INTL FCStone Ltd.,...
April 2, 2017 by at Blockchain, Business, News
IBM announced a partnership with Natixis and Trafigura to introduce the first blockchain development for commodity trade finance for US crude oil transactions. The March 28 announcement marks the beginning of the institutional use of the blockchain technology. The trading industry is today mostly driven by manual, non-digital processes, so...
March 24, 2017 by at Altcoins, Finance, News, Tech
The Bank of England (BoE) recently posted a press release announcing that its FinTech Accelerator launched a new community which brings together FinTech-related organizations. On March 17 the BoE posted on its official website a press release where it states its Fintech Accelerator was launching a new community to share...
March 1, 2017 by at Finance, News, Tech
The Depository Trust & Clearing Corporation (DTCC), the largest clearer of financial securities in the US, announced that it has completed a test of a blockchain-based system to better manage the process for repurchase agreements for U.S. government securities and will decide by June whether it will begin development of...
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