coindesk

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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Coinbase Launches Crypto Gift Card Service in Europe

U.S.-based cryptocurrency exchange Coinbase is now offering a way to let customers purchase retail goods and services using crypto assets, thanks to a new partnership with a digital gift card startup.

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Barclays Seeks Twin Blockchain Patents for Banking Services

Barclays Bank may be looking to blockchain to streamline fund transfers and know-your-customer processes, according to newly-released patent applications. The U.S. Patent and Trademark Office published two applications by the U.K.’s second-largest bank Thursday, both of which revolve around account security.

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Commerzbank Is Throwing Out the Business Blockchain Playbook

With a plethora of business blockchains vying for prominence, banks are under increasing pressure to pick a winner after all, without network effects, surely the benefits would be lost? While that might be conventional wisdom, Commerzbank AG, one of Germany’s largest financial institutions, is taking a different tack.

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How Blockchain Can Finally Fulfill Its Promise in Global Payments

There has been much debate about the potential benefits of blockchain technology to improve the world of payments — particularly international payments.

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China Has Built a Blockchain System That Could Replace Paper Checks

China’s central bank has finished work on a blockchain-based system that digitizes checks issued by domestic businesses, according to a senior official.

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British FX Firm Currencies Direct Pilots Ripple Tech

A foreign exchange (FX) brokerage based in the UK has announced that it successfully tested distributed ledger startup Ripple’s xRapid product, which uses the digital asset XRP.

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Porn Star Stormy Daniels Adds Crypto Rewards to Official Website

Porn star Stormy Daniels is adding cryptocurrency to her official website to encourage users to consume content. The adult movie actress, who became famous for her claim to have had an affair with U.S.

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Deloitte: 3 Out of 4 Big Companies See ‘Compelling’ Case for Blockchain

According to a Deloitte survey presented Tuesday at CoinDesk’s Consensus event in New York City, 74 percent of large companies across seven countries see a compelling business case for blockchain technology.

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