Martin Walker, director of banking and finance at the Center for Evidence-Based Management, says Ripple officials’ repeated claims that SWIFT has a a 6% error rate are false. “In May 2019, Brad Garlinghouse, CEO of a San Francisco based (but Delaware registered) fintech firm called… Read More
Tagged brad garlinghouse, martin walker, ripple, xrp
Alibaba’s annual Singles Day has turned into a huge event in China. Headlines today indicate that singles day has delivered a record-setting amount of transactions as sales top a whopping $38 billion. According to Alibaba, $1 billion was settled via Alibaba’s Fintech platform Alipay within… Read More
Wirex, a borderless payment platform, announced on November 11 that it will be introducing a new Visa Travelcard at the Singapore Fintech Festival. According to a release shared with Crowdfund Insider: “The multi-currency travel card will empower customers across the APAC region to seamlessly spend… Read More
Tagged apac, pavel matveev, singapore, singapore fintech festival, wirex
The Monetary Authority of Singapore (MAS) is partnering with JP Morgan Chase (NYSE:JPM) and Temasek on a blockchain-based payments platform that is capable of handling different currencies. JP Morgan has previously announced the development of an in-house crypto labeled JPM Coin. The eventual goal is… Read More
Tagged cbdc, chia song hwee, john hunter, jp morgan, jpm coin, mas, monetary authority of singapore, payments, project ubin, temasek
Bitcoin (BTC), the flagship cryptocurrency, consumes more energy than entire countries such as Ireland and Switzerland. A newly developed decentralized application (dApp), called Power Transition, based on Hedera Hashgraph (a DLT-based platform that claims to be “faster, fairer, and more secure” than existing blockchain networks),… Read More
Tagged bitcoin, crowdcube, dapps, hedera hashgraph, Jiro Olcott, micropayments
Digital asset exchange Bakkt has announced Bakkt Warehouse, a Bitcoin custody solution for institutions regulated by the New York Department of Financial Services (NYDFS). Bakkt describes the new service as the critical link for institutional adoption of Bitcoin. In a blog post, Bakkt said that… Read More
Tagged bakkt, custody, digital asset exchange, ice
Benoît Cœuré, the outgoing European Central Bank Executive Board Member and an individual some thought best equipped to become the President of the ECB, has been appointed to lead the newly created Bank for International Settlements (BIS) Innovation Hub. According to BIS, Cœuré will commence… Read More
Tagged bank for international settlements, Benoit Coeure, bis, bis innovation hub, cbdc, libra, stablecoins
Singapore-based Pundi X announced this weekend it has signed a Memorandum of Understanding (MoU) with artificial intelligence firm Borghese Ventures to explore the implementation of blockchain technology for private and public sectors based in Cyprus. Pundi X reported that with the MoU it and Borghese Ventures will… Read More
Tagged blockchain, borghese ventures, cyprus, MOU, partnership, pundi x
Propine, described as a comprehensive securities services provider for digital securities, has been accepted into the Monetary Authority of Singapore (MAS) Fintech Regulatory Sandbox. Singapore is a prominent Fintech hub and has pushed forward on the emerging digital security sector powered by distributed ledger technology. … Read More
Tagged digital securities, fintech sandbox, mas, monetary authority of singapore, propine, singapore, tuhina singh
San Francisco-based Fintech firm Ripple announced recently that it has surpassed 300 customers. The company stated: “We have seen 10x year-over-year growth in transactions on RippleNet, our global network of banks, financial institutions and payment providers that sends money globally, instantly and reliably for fractions… Read More
Tagged goLance, Michael Brooks, On-Demand Liquidity, Paul Dwyer, ripple, Viamericas
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