The Swiss FINMA (Financial Market Supervisory Authority) has released the guidelines on for Blockchain payments. The rules will apply to every blockchain service such as exchanges, wallet providers and trading platforms…
The major payment corporation, Visa Inc. has come up with its Visa B2B Connect network. It is a blockchain-powered network to globally operate corporate cross-border payments. The network has already covered 30 global markets and intends to extend it to 90 by this year. The news comes from Reuters. Visa B2B Connect will make the […]
South Korea’s central post service, Korea post partners with crypto exchanges of the country to implement a Blockchain billing system. Together the South Korean government and local private companies will work on the new project. The private companies include Coinplug and global IT firm NHN. The implementation will be operational under the Ministry of Science and ICT. […]
For the first time ever in its history, Singapore Central Bank completes its First Cross Border Blockchain Payment along with Central bank of Canada. Apparently, both the banks have paid each other digital money via the blockchain network. The Monetary Authority of Singapore (BAS) used the distributed ledger technology(DLT) to transfer funds to the Bank […]
Ripple has managed to create yet another hype after releasing an advertisement of its instant messaging payment system, XRP Text by mocking the current outdated payment system of banks. The advertisement shows how banks could better serve their customers better on instant payment system by hopping on a plane to transport cash from one place to another.
The Commercial Bank of Ceylon has recently announced its collaboration with Ripple Blockchain for improving the transfer process. The leading bank of Sri Lanka eyes to enable virtually instant and super secure inward and outward blockchain technology-powered settlements to take place.