Philippine Government Tech Department Signs Deal With Blockchain Firm

The government of the Philippines is partnering with a blockchain firm to improve the country’s business and cybersecurity sectors. The Department of Information and Communications Technology (DICT) of the Philippine government has signed a Memorandum of Agreement (MoA) with U.S.-based blockchain firm Monsoon Blockchain Storage, according to a report by GMA News Online on June […]

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Report: Facebook’s Calibra Digital Wallet Will Not Be Available in Its Largest Markets

A spokesperson for Calibra, Facebook’s new digital wallet, says it will not be available in U.S.-sanctioned countries, or those that have banned cryptocurrencies. Facebook’s Calibra digital wallet will not be available in some of the social network’s largest markets, including India, according to a TechCrunch report on June 19. A spokesperson told the website: “The libra blockchain will be […]

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CBDCs of the World: The Benefits and Drawbacks of National Cryptos, According to Different Jurisdictions

The concept of CBDCs has been steadily drawing the attention of jurisdictions worldwide. This month alone, at least three separate countries have reported on their prospective central bank-issued digital currencies (CBDCs): The Republic of the Marshall Islands (RMI) announced the creation of a specially dedicated nonprofit organization to support its digital currency that is already […]

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BNP Paribas Venture Arm Among Investors to Inject $16.5M in Fintech Firm Token

Token says it will use the investment to develop its operating system and “accelerate new ways of innovating payments with digital money and ID solutions.” Fintech firm Token has received a $16.5 million injection from investors including the venture arm of banking giant BNP Paribas, a news release announced on June 18. The self-described open banking platform says […]

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MetLife’s LumenLab Using Blockchain to Automate Life Insurance Claims

Bereaved families who place an obituary for a loved one in a newspaper will now be able to instantly trigger searches for a matching life insurance policy. MetLife subsidiary LumenLab is using blockchain technology to automate life insurance claims, according to a news release published on June 17. Known as “Lifechain,” the collaboration with Singapore Press Holdings and NTUC […]

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