JPMorgan, Baton Develop Blockchain Tech For Real-Time Automatic Derivative Margin Payments

2019-11-15 22:00

Giant investment banking institution JPMorgan has partnered with Blockchain-based firm Baton Systems to come up with a blockchain-based solution that will help in digitizing derivative margin payments, Cointelegraph reports.

According to the firm, the new blockchain-based platform is poised to allow instantaneous payments to different clearing agencies. The announcement also indicated that the platform will […].

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Ripple Partner Banco Santander to Run its Blockchain-based Payment System on 6 More Corridors

In April 2018, Santander launched a foreign exchange service that uses the blockchain technology via Ripple to make same-day international money transfers. At the time, it said the service called Santander One Pay FX has been the first cross-border payments service using blockchain made by a bank. It went live in the UK, Span, Brazil, […]

2019-11-16 19:48


SingularityNET blockchain-based AI marketplace integrates PayPal

SingularityNET, a provider of decentralized AI technology, announced today the successful integration of PayPal payments into their blockchain-based artificial intelligence (AI) marketplace.   By making its AI marketplace easily accessible to PayPal’s 286 million users, SingularityNET opens its doors to a much wider scope of customers.

2019-11-15 07:22


Alfa-Bank and X5 Retail Group Utilize Waves Blockchain To Release Bank-as-a-Service Platform

Alfa-Bank has recently started a partnership with the X5 Retail Group in order to launch a new blockchain-based platform that will be used for liquidity. This new platform is going to be called Distributed Treasury and Cash Management (DTCM) and its main goal will be to enable the bank to let clients manage payments, deposits […]

2019-9-13 23:19


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Mastercard Partners with R3 for Blockchain Cross-Border Payments

Mastercard, a global payments service provider has joined forces with R3, the creator of enterprise-grade distributed ledger technology (DLT) solutions, to develop a blockchain-based cross-border payments platform to enable banks and other financial institutions facilitate frictionless and cost-efficient international payments, according to a press release on September 11, 2019.

2019-9-13 21:00


Commerzbank Creates Blockchain Payment Program For Machine-Based Self-Driving Trucks

The German bank Commerzbank has recently developed a new blockchain-based technology that will be used in order to make automated payments between self-driving trucks. The system, which aims to take humans completely out of the equation, will be used to allow automated trucks to pay for their charging power without needing any human interaction. According […]

2019-8-9 01:04


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Mastercard Partners with Bahrain Financial Network for Blockchain-Based Payment Solution

According to a press release from Trade Arabia, July 30, 2019, Mastercard and the Bahrain Electronic Network for Financial Transactions (Benefit), the only financial network in the Kingdom of Bahrain handling ATM and POS transactions, have established a partnership to provide a blockchain solution for banks to enable cross-border commercial payments.

2019-7-31 09:00


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Verizon Hiring Blockchain Experts for ‘Distributed Network’ Project

U. S. telecom giant Verizon appears ready to join the blockchain space as its website currently lists 35 vacancies requiring ‘blockchain technology knowledge’. Verizon Joins the Fray A recent LinkedIn post for blockchain-engineers indicates that telecom giant, Verizon, could be in the process of building a blockchain-based product focused on privacy, payments, and security.

2019-7-29 08:25


Ripple’s CTO David Schwartz Believes Amazon, Seagate, Uber, and Others Can Benefit from Using XRP

David Schwartz, Ripple’s chief technology officer, at the WeAreDevelopers conference in Berlin, Germany outlined XRP’s potential in reducing the friction in global payments. The CTO also hinted that Seagate, Amazon, Airbnb, Uber, and other companies that handle a large number of financial transactions on a daily basis can benefit greatly from the use of blockchain-based […] The post Ripple’s CTO David Schwartz Believes Amazon, Seagate, Uber, and Others Can Benefit from Using XRP appeared first on ZyCrypto.

2019-7-17 19:00


Top South Korean Credit Card Company, Shinhan Card, Patents Its Blockchain Payments System

South Korea's most popular credit card firm, Shinhan Card based in Seoul has been granted a patent for its blockchain-based payments system. According to the report shared by the Korea Times, the firm using the newest patent technology has built the global’s first blockchain-powered credit card transformation process that enables settling spending limits, carrying out […]

2019-7-15 20:22


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Goldman Sachs might launch its own ‘cryptocurrency’ – just like JP Morgan

American banking giant Goldman Sachs might be following in the footsteps of its competitor JP Morgan. The bank is considering launching its own cryptocurrency. In an interview with French financial newspaper Les Echos today, Goldman Sachs CEO David Solomon said that they are doing extensive research on the concept of “tokenization.

2019-6-29 16:09