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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Visa launches a blockchain-based centralized payment settlement service for international business transactions, challenging USC and Ripple. Visa has launched a payment system for business-to-business (B2B) transactions partially based on blockchain technology. The United States payment behemoth says its platform, called Visa B2B Connect, offers seamless cross-border payment processing for institutional clients without going through the complex web of third-party […]
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Fundstrat Global Advisors co-founder Tom Lee said that bitcoin could easily reach new highs. Fundstrat Global Advisors co-founder Tom Lee said that bitcoin (BTC) could easily reach new highs during an interview with CNBC published on June 18. In his comments, Lee said that bitcoin is becoming the reserve currency of the cryptocurrency space, and […]
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HSBC has deployed tokenization tech in its receivables infrastructure for corporate clients in India. Major global banking group HSBC has implemented tokenization technology into its receivables infrastructure for corporate clients in India, according to an announcement on June 18. The British multinational financial services company has reportedly launched its Digital Accounts Receivable Tool (HSBC DART), […]
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Italian banks will deploy blockchain technology to run reconciliations and improve transparency in transactions between banks. Italian banks will deploy blockchain technology to run reconciliations starting in March 2020, financial technology news outlet Finextra reported on June 18. The Italian Banking Association (ABI) has announced that Italy’s banks will integrate distributed ledger technology (DLT) into […]
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Two new product implementations and a pilot scheme aim to resolve pain points the company unearthed. The IT subsidiary of South Korean tech giant Samsung is launching three new products aimed at addressing clients worries about blockchain, the company confirmed in a press release on June 18. Following what it describes as trouble implementing the […]
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A universal bank in Poland is using blockchain technology to let customers verify the authenticity of their banking documents. Alior Bank, a bank based in Warsaw, Poland, is using the public Ethereum blockchain to authenticate its clients’ documents, according to a report by Forbes on June 17. According to the report, when a client at […]
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The New York Times has reported that the United States is escalating its ongoing attacks on Russia’s power grid. If we assume that their sources are credible, then it’s reasonable to assume that Russia may retaliate with escalating cyber attacks on the US power grid. While you may not be prepping for civil unrest that […]
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Korean banks push for blockchain adoption as former high-level officials join the space. In recent weeks, major South Korean financial institutions have rolled out a number of services incorporating blockchain technology, especially in the areas of Know Your Customer (KYC) procedures and security. Fintech has become a buzzword for local banks trying to keep up […]
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Spanish law enforcement arrested 35 people for allegedly counterfeiting banking cards and laundering the proceeds through bitcoin. Spanish law enforcement arrested 35 people for allegedly counterfeiting banking cards and laundering the proceeds through bitcoin (BTC), local media La Verdad reports on June 14. Per the report, the organization obtained over €600,000 ($674,000) and laundered over […]
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