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Bank
Thailand’s Oldest Bank Officially Discloses Interest in Blockchain; Mentions BTC, XRP and VET
Adoption of cryptocurrency is increasing quite steadily and is still expected to do better numbers in the new future. Many big firms are considering cryptocurrency and blockchain projects and more are expected to follow. In a new and interesting turn for adoption, Thailand’s oldest bank, Siam Commercial Bank, recently published a blog post on its...
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Through a varied mix of good and bad publicity, cryptocurrency today is very close to mainstream acceptance. While the cryptospace has witnessed the recent involvement of several non-financial organizations such as Nike and Jaguar, some industry leaders and government officials have openly discounted cryptos’ utility. A similar discussion was sparked by Bank of America’s CTO, Catherine...
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Royal Bank of Scotland, Barclays Integrate Blockchain to Improve the Real Estate Transaction Process
It was recently revealed that Barclays together with the Royal Bank of Scotland (RBS) were attempting to speed up transactions in the real estate sector. Together with R3, a software company they selected a blockchain project and successfully put it to test. In mind they envision “fast and transparent” operations for all the users. Barclays...
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Medici Bank, Which is 5 Centuries Old, Intends to Use Blockchain in Historical Turning Point Notion
One of the oldest banking dynasties in the world, has started what they call “new rebirth”, in which Prince Lorenzo de Medici, a direct heir of one of the Italian families who led one of the banking empires in the fifteenth century, opens a new bank focused on “digital commerce and investment”. According to a...
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Iranian central bank is working on blockchain for independent financial system | Cryptopolitan - Cryptopolitan
Iran is looking towards blockchain technology with interest and is striving to take maximum benefit from this segment and financial independence. Iran’s central bank has recently taken the initiative to introduce advanced blockchain technology in the banks and also in the financial institutions. In order to fulfill this aim they have established a proper platform...
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Forex Education For Beginners - Best Practices Explained
May 05, 2019 at 12:21 // News Financial institutions, including banks, are getting closer and closer to financial technologies (fintech) including cryptocurrency, blockchain, mobile payments and smart contracts, as they realize they have to keep pace with progress to make their work more efficient. A group of experts from Bank of Italy recently published a...
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World Bank Conference Speakers: Blockchain No "Magic Bullet" - Crowdfund Insider
Two speakers at this year’s World Bank Land and Poverty Conference in Washington DC have cautioned that blockchain technology’s true potential for land registry should not be overstated, Reuters reports. Tim Robustelli of New America, a “think and action tank” consisting of a “research institute, technology lab, solutions network, media hub and public forum,” told...
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Bank of America Has the Most Blockchain Patents, But its Chief Tech Officer is a Skeptic - Crowdfund Insider
Bank of America has obtained more patents for “blockchain technology” than any other finance institution, but the company’s tech and operations chief, Cathy Bessant told CNBC she’s underwhelmed by blockchain’s prospects: “What I am is open-minded…In my private scoreboard, in the closet, I am bearish.” Bank of America reportedly holds or has applied for 82...
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Corporates Keep Coffers Open To Blockchain - pymnts.com
<!– –> Share Tweet Share Share Share Print Email Businesses continue to invest in blockchain technology as more service providers, particularly in the finance arena, pull their distributed ledger innovations out of beta and into the real world. A new report from the International Data Corporation (IDC) pegged corporate spending on blockchain at a new high...
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Standard Bank is developing in the cloud goes live in the first half of this year and it will significantly increase the success of international trades. Photo: Supplied DURBAN – When the hyperledger fabric-hosted foreign exchange payments and settlement system that Standard Bank is developing in the cloud goes live in the first half of...
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