60 Latin American Banks Can Now Use Bitcoin for Cross-Border Payments
A leading bank technology provider in Latin America is partnering with cryptocurrency exchange Bitex to facilitate cross-border payments over the bitcoin blockchain.
Facebook crypto plans turn up heat on EU banks over real-time payments
The euro zone could have an instant payments system shared by all banks in the bloc by the end of 2020, finance industry officials said, as lenders face more competition from the likes of Facebook and other tech firms.
The CEO of Qiwi: Banks become an atavism
Cryptocurrencies become competitors to traditional transactions which will be replaced in the future. That’s what the general director of the Russian payment service Qiwi, Sergey Solonin stated recently.
Latin American Banks Exploring Ripple’s Cross-Border Payments Technology Across Eight Countries
A pair of banks in Latin America are reportedly taking a hard look at adopting Ripple’s cross-border payments technology.
Italy’s Banks to Use Blockchain to Boost Settlements and Improve Transparency
Italian banks will deploy blockchain technology to run reconciliations starting in March 2020, financial technology news outlet Finextra reported on June 18.
Why banks are not in a hurry to implement blockchain
Banks are one of the main drivers of innovation in the financial sector. When it comes to the blockchain, however not everyone is in a hurry to introduce this new technology into their business processes. And there is a number of reasons for that.
Bank of Ireland and AIB are using a new blockchain platform to verify their staff's credentials
BANK OF IRELAND, AIB and Ulster Bank are collaborating with Deloitte and the Institute of Banking on a blockchain-based education platform for the financial services industry.
Five Canadian Banks Employ SecureKey Blockchain System to Identify Users
Five Canadian banks will be employing a blockchain-based user identification system developed by tech startup SecureKey Technologies, Bloomberg reports on May 1.
India’s Federal Bank to offer blockchain based remittance solutions to NRIs
Federal Bank, an Indian private sector bank, on Thursday launched two technology-based remittance variants in the UAE enabled through partner exchange houses and banks for making remittances to India.
Australian bank ANZ still doesn’t understand blockchain technology
The Australia and New Zealand Banking Group Limited (ANZ) has thrown some serious shade at distributed ledger technology — commonly referred to as ‘the blockchain.’
Citi not Launching their Own Token
JP Morgan and Jamie Dimon have been the biggest haters of bitcoin. So isn’t it peculiar that they are planning to launch their own coin, despite the statement - “Bitcoin is a scam”? Well, not really. Getting an asset’s price low to be able to purchase at the right time is a great strategy. Market manipulation is illegal however crypto is a largely non-regulated area so they could get away with it nicely with no shame.
IBM Blockchain is Live and Bank-Issued Stablecoins Are On Their Way
Six international banks are planning to issue their own stablecoins on IBM’s Stellar-powered money wiring service, IBM and Stellar announced Monday.
Basel Committee warns banks on crypto asset exposures
Global banking regulators have set out a minimum set of standards for financial institutions to adhere to when dealing with crypto assets.
IBM Quietly Enters Crypto Custody Market With Tech Designed for Banks
Later this month, Shuttle Holdings, a New York investment firm, will launch the beta version of a custody solution for digital assets built on IBM’s private cloud and encryption technologies. The companies won’t be storing cryptocurrencies and tokens themselves, but offering tools for others to do so.
SWIFT Teams Up With Major Banks, SGX to Trial Blockchain Voting
Financial messaging giant SWIFT has teamed up with the Singapore Exchange and four banks to trial a platform for e-voting based on blockchain tech, the firm said Tuesday.
Japan megabanks nix plan for peer-to-peer mobile remittance
Japan's three largest banking groups have scrapped plans for a peer-to-peer remittance service linked to mobile phone numbers, deeming the project redundant as each develops its own digital services.
Crypto Exchange Bitstamp Announces Partnership with Major Swiss Online Bank
European cryptocurrency exchange Bitstamp has announced a partnership with major Swiss online bank Dukascopy, according to an announcement published on Friday, Jan. 25.
Chinese Bank Giants Tap Blockchain in Trade Finance Efficiency Boost
The China Banking Association (CBA), the country’s self-regulatory organization for the banking sector, is launching a new blockchain-based platform for trade finance.
Bitcoin ATM Producer Moves to Switzerland Due to Regulatory Difficulties
Bitcoin (BTC) automated teller machine (ATM) manufacturer Lamassu has moved to Switzerland due to regulatory difficulties in other countries, according to a blog post published Jan. 1.
UAE and Saudi Arabian Central Banks to Jointly Launch a Cross-Border Cryptocurrency
It’s confirmed. The United Arab Emirates (UAE) and Saudi Arabia will work on cross-border digital currency. The exact date when it would be issued is still unknown but we know one thing, the digital currency is not targeted at consumers. It’s strictly for banks.