Alibaba subsidiary Ant Financial has trialled its first blockchain remittances, sending a transaction in three seconds, Bloomberg reports June 25.
The company, formerly known as AliPay, completed a funds transfer between its AliPayHK app in Hong Kong and Filipino payment app GCash, its joint project with local telecoms company Globe Telecom.
Part of a growing trend of Blockchain remittances in the Philippines, Ant Financial will establish international outreach in future, CEO Jack Ma told the press on the back of the project.
“Using blockchain to achieve cross-border remittances is one of my most concerned projects in the past six months.
His perspective echoes those of many major finance figures on Bitcoin (BTC), one which cryptocurrency advocates continue to rebut as prices descend.
PrimeXBT, a crypto trading company, has decided to release a new app for iOS devices. The company is known for handling over $200 million USD in transactions daily. The new app will be used to leverage your account for margin trading.
According to sources obtained by Bloomberg. com, personal investment app start-up Robinhood (which allows crypto investments also) has begun discussions around obtaining a banking license from the US Office of the Comptroller of the Currency (OCC), which would allow the Menlo Park company to expand its offering to customers significantly.
Catalogs for the VMWorld event by VMware are now live, and they reveal that the company could be focusing extensively on cloud and blockchain-based solutions. It could focus on its new enterprise blockchain solutions, Edge computing and cloud foundation programs.
In his latest tweet, crypto-astrologer John McAfee has announced the upcoming launch of Docademic’s first app in English this month. He has also stated the launch of company’s US operations starting July 1st and an additional app for emergency psychological services will be set up by July 23rd. McAfee’s tweet | Source: Twitter Docademic is […]
DLive, the live streaming video community built on top of the Steem blockchain, has announced its Android launch, with the app available for download on Google Play and on the company’s website. On DLive, the community determines what content should be surfaced through an up-voting and flagging system. As a decentralized platform, DLive does not
Square, a payment processing company owned by Twitter CEO Jack Dorsey, has obtained a New York BitLicense. The firm announced the news on Twitter on June 18, 2018. The license grants approval for the company to offer Bitcoin trading services in New York via its Cash app.
Financial services provider Square has got the NYSDFS 7th-ever BitLicense allowing New Yorkers to trade cryptocurrency on the rapidly growing Cash app. Square, a digital payments company, has been granted BitLicense from the New York Department of Financial Services (NYDF), which means formal approval of Square’s application for a virtual currency license. It was issued on
Payments company Square, a side venture of Twitter CEO Jack Dorsey, is the ninth firm to have obtained a BitLicense by the New York State Department of Financial Services. Bitcoin purchases first became available on its app in other states in January, but revenue has barely covered the costs in Q1 2018.
The company Square announced on Monday the firm has been granted the Bitlicense from the New York Department of Financial Services (DFS). The firm and its ‘Cash App’ are now legally allowed to operate and utilize cryptocurrency solutions in the state of New York.
During a recent address to the Heritage Foundation in Washington, D. C, Jonathan Johnson, the former chairman and current member of the board for Overstock, sought to emphasize that payments in the form of bitcoin comprise a steadily growing source of revenue for the company.
A recently ICOed project that currently operates as an ERC20 token has stated they will launch tokens representing equities in crypto-broker Coinbase, the company behind XRP Ripple, trading app Robinhood,.
Bitcoin Press Release: Last week, the software provider Midas Technologies AG announced that Mona El Isa and Reto Trinkler join the company’s advisory board to support the development of the retail investing app Midas.
The Solana network is currently grappling with an unprecedented level of congestion, resulting in a surge in transaction failures. This surge in failed transactions coincides with a significant increase in network activity, largely driven by the recent frenzy surrounding platform memecoins.
Bitcoin, the pioneering cryptocurrency, has achieved yet another significant milestone on its journey to becoming a global digital asset. With over 900 million transactions processed, this achievement couldn’t have come at a more intriguing time, as the next halving event approaches.
An unlucky Bitcoin (BTC) user recently paid over $500,000 in transaction fees to move just 0.074 BTC to Binance — a historical network fee on the BTC blockchain. Prominent whale tracking resource Whale Alert first called attention to the development…
The past few weeks have seen Ether stall in terms of price action, with the cryptocurrency trading between $210-240. Not the same can be said about Ethereum’s underlying blockchain activity. Due to a perfect storm of events, the number of users of the network has skyrocketed.
On Wednesday, April 1, a transaction for 100,000 BTC appeared on the bitcoin network. The estimated payment amount exceeded $ 600 million dollars, but the size of the commission paid did not even reach $ 1, and this is not a joke.
There are a number of costs associated with using bitcoin and while it is still far cheaper than using traditional banks, they still need to be accounted for. Storage of the digital asset also has a cost and it has been rising.
Bitcoin Fees On The Rise With the uptick in the Bitcoin (BTC) price, transaction fees have been on the rise again. While users could send transactions with a $0.03 fee at the bottom of the...
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