Tag: friction

Visa Set to Join the Expanding Field of Blockchain-Based International Payment Providers

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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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Blockchain Credit Union Consortium to Use R3’s Corda for Cross-Border Payments Product

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CULedger, a blockchain consortium and credit union service organization, has chosen R3’s Corda blockchain. CULedger, a blockchain consortium and credit union service organization (CUSO), has chosen enterprise software firm R3’s Corda blockchain to underpin its forthcoming cross-border payments product. The news was reported by fintech news outlet Finextra on May 21. As reported, CULedger joined […]

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FedEx Blockchain Strategist Sees Teamwork as Key to Developing Blockchain Business Models

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Senior executives acknowledged the technology is not yet superior for its purposes, while remaining optimistic about development. A senior executive from American delivery services company FedEx is unconvinced about the benefits of blockchain technology in its present form, Memphis-based local news outlet Commercial Appeal reported on May 20. In a new interview, the firm’s dedicated […]

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Hodler’s Digest, April 15–21: Top Stories, Price Movements, Quotes and FUD of the Week

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FinCEN’s enforcement against a p2p crypto exchanger could set a precedent, and French instant mashed potatoes go blockchain. Top Stories This Week FinCEN Takes First Enforcement Action Against Peer-to-Peer Cryptocurrency Exchanger In an apparent first, the United States Financial Crimes Enforcement Network (FinCEN) has given a penalty to a California resident who has been accused […]

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Bitcoin Accounts for 98% of Crypto-Denominated Ransomware Payments, Study

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Bitcoin continues to account for the lion’s share of crypto-denominated ransomware payments — 98% as compared with just 2% for privacy coins like dash and monero. Bitcoin (BTC) continues to account for the lion’s share of crypto-denominated ransomware payments, according to Coveware’s Q1 2019 Global Ransomware Marketplace report, published on April 15. The report — […]

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Crypto Developer Raises $4 Mln From Samsung, Others to Launch Wallet Without Private Keys

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ZenGo uses new forms of transaction signing to simplify the crypto experience for non-technical new crypto users Israeli cryptocurrency developer KZen has raised $4 million from backers including South Korean electronics giant Samsung, industry news outlet The Block reported on April 17. The company’s product, smartphone wallet app ZenGo — currently in beta phase testing […]

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Pakistani Prime Minister Addresses Digitization of Gov’t Administration

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The Pakistani prime minister has conducted a meeting dedicated to digitization of government operations. The prime minister of Pakistan has conducted a meeting dedicated to the digitization of government administration, local Egnlish language news outlet The News reported on April 17. At the meeting, Pakistani Prime Minister Imran Khan reportedly addressed such issues as digitization […]

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