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LG’s Mobile Arm to Trial Blockchain Payments for Overseas Travelers

LG Uplus – a South Korean cellular carrier owned by the nation’s fourth largest conglomerate, LG Corporation – is launching a blockchain-based overseas payment service. Announced Sunday, the trial effort will see the company working with partners in Japan, Taiwan and the U.S.

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Softbank Completes Blockchain PoC for Cross-Carrier Mobile Payments

Japanese telecoms giant Softbank Corp. has completed a blockchain proof-of-concept (PoC) that allows P2P mobile payments across different carriers.

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Interstellar Arrives: Visa, Citi-Backed Blockchain Acquired by Stellar Startup

A long-rumored acquisition that finds two of the crypto industry’s leading entrepreneurs teaming to back the world’s sixth-largest blockchain has been confirmed.

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Twitter CEO Tells Congress It’s Exploring Blockchain to Help Fight Scams

Twitter CEO Jack Dorsey told a Congressional committee Wednesday that the social media company is exploring blockchain solutions for its platform.

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IBM Debuts Stellar-Powered ‘Blockchain World Wire’ Payments System

IBM is taking its long-in-the-works blockchain-based payment system out of beta, with the launch of a new product called Blockchain World Wire. Aimed at institutions and harnessing the stellar blockchain network, Big Blue says its new financial rail can simultaneouslyclear and settlecross-border payments in near real-time.

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Australia Poised to Create National Blockchain With IBM Tech

An Australian federal agency is developing a national blockchain that will allow businesses to carry out transactions based on smart legal contracts.

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The World Bank Is About to Settle a Blockchain Bond Worth $73 Million

The World Bank is expected to settle its first blockchain-based bond worth 73 million this month. Australia’s Commonwealth Bank (CommBank), which was selected as the sole arranger of the issuance by the World Bank early in August, said the bond is to be transacted on Aug. 28, as reported by Reuters on Thursday. Engineered to […]

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California Is Open to Allowing Crypto Political Donations

Candidates for public office in California may soon be able to accept cryptocurrencies as donations. The California Fair Political Practices Commission met on Thursday to discuss a number of election issuesfacing the Golden State, including whether candidates for public office can accept cryptocurrencies as part of campaign donations.

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Intuit Scores Patent for Processing Bitcoin Payments With Text Messages

California-based business and financial software company Intuit has been awarded a patent for processing bitcoin payments via text message. The patent, publishedby the U.S Patent and Trademark Office (USPTO) on Tuesday, details how a system of virtual accounts could enable two users to transfer funds using mobile phones.

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BBVA Can’t Hold Cryptocurrency – And That’s a Problem

After becoming the first financial institution to combine public and private blockchains in a live transaction, Spanish multinational bank BBVA has hit something of a quandary. Specifically, it’s unsure how to take its forward-thinking work … forward.

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Gallup Poll: 75% of US Investors Think Bitcoin Is ‘Very Risky’

Three-quarters of U.S. investors with more than $10,000 in stocks, bonds and mutual funds think bitcoin is a very risky investment, a new survey revealed Monday. A poll conducted by Gallup and Wells Fargoasked U.S.

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Commonwealth Bank Claims Success in Global Trade Blockchain Test

The Commonwealth Bank of Australia (CBA) has announced the completion of a cross-border shipment that utilized blockchain to track goods in the supply chain.

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