cointelegraph

Mastercard Awarded Patent for Partitioned, Multi-Currency Blockchain

Mastercard has been awarded a patent for a method to partition a blockchain, making it capable of storing multiple transaction types and formats. The patent filing was published by the U.S. Patent and Trademark Office (USPTO) on Oct. 9.

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Ahead of Traditional Banking: How Africa Employs Blockchain for Financial Inclusion

On September 27, at the 73rd Session of the U.N. General Assembly (UNGA), Sierra Leone’s president Julius Maada Bio made an announcement where he declared that his country had set a new goal to create a national, blockchain-based credit bureau to radically transform the country’s financial inclusion landscape.

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US Financial Giant PNC to Use Ripple Technology for International Payments

PNC, which is ranked among the top ten U.S. banks, will use RippleNet to process international payments for its customers, Ripple announced Wednesday, September 19. As Reuters reports, a particular PNC unit Treasury Management will use Ripples blockchain solution xCurrent to speed up overseas transactions held by U.S. commercial clients.

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Fast & Seamless: The Race for the Cross-Border Payments Market

Competition in the business of facilitating cross-border payments has just gotten tighter. Until recently, the primary fintech challenger to the reigning SWIFT international payment system has been Ripple Labs and its various products designed for the institutional banking sector.

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JPMorgan’s Balancing Act Between Blockchain and Crypto

Multinational investment bank JPMorgan Chase has had a chequered relationship with cryptocurrencies over the years. While it has maintained an apparent apathy toward Bitcoin and the likes, the financial institution has openly embraced blockchain technology and is actively using it in various internal projects.

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Deloitte Survey: Blockchain ‘Getting Closer to Breakout Moment Every Day’

Big Four auditor Deloitte’s 2018 blockchain survey, published August 27, reveals that the technology is gaining significantly – if unevenly – in traction at the executive level of enterprises across diverse industries.

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Singapore Central Bank Partners With Deloitte, Nasdaq on Blockchain Asset Settlement

The de facto central bank of Singapore announced it had signed a deal with multiple big name entities to ease digital asset settlements in a press release Friday, August 24.

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China Social Media Giant Blocks Crypto Media Accounts

WeChat, the 1 billion-user Chinese social media platform developed by Tencent, has reportedly blocked a number of crypto and blockchain related accounts, local financial news outlet Lanjinger reported August 21.

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Square’s Cash App Expands Bitcoin Trading to All 50 States

Mobile payment company Square’s Cash App has recently rolled out Bitcoin (BTC) trading in all 50 states, the firm confirmed in a Tweet August 13. According to the companys announcement, Cash App users are now able to conduct Bitcoin buy and sell transactions in all the U.S. states.

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Study: Crypto Could Become Mainstream Means of Payment Within Next Decade

A new study has found that cryptocurrencies like Bitcoin (BTC) have the potential to become a mainstream means of payment and already meet one of the three main criteria of money, according to an eToro press release July 9. The study mentioned in the press release was a joint effort by Imperial College and U.K. trading platform eToro.

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IBM-Powered Blockchain Platform Completes First Live Trades via Five Major Banks

European blockchain trading platform we.trade confirmed it had completed its first live operations, involving twenty companies and five major banks.The blockchain platform, which claims to provide a “more efficient and cost effective way” for banks and businesses to trade worldwide, uses IBM’s Blockchain Platform, powered by Hyperledger Fabric.

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Do Banks Even Want to Go Blockchain?

On June 18, Carlos Torres, CEO of Spanish bank BBVA, declared that blockchain is not mature and faces major challenges. During the past month, blockchains effectiveness and maturity were also questioned by players as big as the Bank of Canada (BoC), the Russian Central Bank, and DNB, the Central Bank of the Netherlands.

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