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Mastercard Wins Patent for Fractional Crypto Banking

Mastercard has won a patent for fractional cryptocurrency banking, which suggests the global payments multi-national has plans for a management system of fractional reserves of blockchain currency.

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India Making Plans to Launch Its Own Government Backed Cryptocurrency

Despite its best efforts to keep crypto out of India, it appears that the Indian government is still not willing to completely exclude cryptocurrencies. According to the new announcement, India is making plans to launch its own digital currency.

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Visa CEO: Blockchain and Cryptocurrency Not “Much Use” to Company

The CEO of Visa Inc. has stated that he does not think that blockchain technology or cryptocurrency is useful to the international credit card company. In an address at Boston College yesterday, Alfred F. Kelly Jr. also stated that he felt the firm was a great example of a fintech success story.

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Why the Asia Pacific Blockchain Industry Is Growing So Fast 

Global Market Insights’ recent report claims that the blockchain market in the Asia Pacific region has seen a significant growth thanks to the increase in the number of investments in blockchain-based companies. The report also claims that the market will hit 16 billion in the next few years, likely by 2024.

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Goldman Sachs Considers Offering Cryptocurrency Custody Services

New York-based multinational investment bank Goldman Sachs is making another step forward in its bet on the cryptocurrency market. The firm, led by chairman and CEO Lloyd Blankfein, is reportedly considering a plan to offer custody for cryptocurrency funds.

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Report: Banks Are Spending $1.7 Billion Each Year on Blockchain

Adoption of the blockchain within the financial services industry is on an intense upward trajectory, according to the findings of management consulting company Greenwich Associates. They have found that the industry is spending about 1.7 billion per year on the technology.Banking Industry Spends 1.

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Visa Outage in Europe Highlights Potential of Cryptocurrency Payments

Payment technology has introduced a high degree of convenience for consumers globally. When that technology does not work as advertised, a very problematic scenario ensues. Visa suffered from major outages across Europe for most of the day on Friday. This highlights the need for alternative solutions, including cash and even cryptocurrency.

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Thomson Reuters Launches Real Time Cryptocurrency Tracker

Thomson Reuters posted a press release on their website to announce their real time virtual currency data feed the news service has dubbed Cryptocurrency Real Time Rates. The product provides real-time information across six currencies gleaned from major exchanges, including bitFlyer and BITpoint, in the cryptocurrency market.

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Japan Has Become a Cryptocurrency Haven

Japan is quickly becoming a global center for blockchain ventures and cryptocurrency firms. Despite the region’s colorful history involving Mt. Gox, for example, the local authorities see merit in these new technologies in the global cryptocurrency industry.

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