Stellar expands reach in Latin America with $3M investment in Settle Network

The fourth investment of the year from the Stellar Development Foundation has gone into Settle Network, a Latin American stablecoin and payments provider. The Stellar Development Foundation has invested Settle Network, the largest digital assets settlement network in the Latin American region. It marks the fourth investment this year from the SDF enterprise fund, bringing […]

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SWIFT enables instant cross-border payments

This seeming fight or flight response to blockchain’s rising ubiquity may be “too little, too late.” SWIFT, the Brussels-based interbank cooperative, has unveiled its first active instant cross-border payment connection — a move that could have major implications for the global payments landscape.  The cooperative announced Thursday that U.K.-based Lloyds Banking Group has become the […]

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Bison Trails launches QT protocol to help developers build on Libra

Libra Association founding member, Bison Trails, has released a QT protocol allowing developers to read and write data to Libra’s pre-mainnet using off-chain systems. Blockchain technology and staking service provider Bison Trail has announced the launch of its Query and Transactions Clusters, or QT, protocol to help developers build on Facebook’s forthcoming Libra network. Libra […]

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Deloitte includes BitPay on top 500 tech companies list

BitPay beat Pinterest by several ranks on Deloitte’s prestigious list. As cryptocurrencies continue gaining mainstream attention, some of the industry’s native companies have also joined the spotlight. Bitcoin payment processing company BitPay joined the ranks of 499 other important technology companies today. Big Four accounting firm Deloitte sees BitPay as one of North America’s top […]

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Interoperable Blockchains May Be the Future of Finance but Have a Ways Yet to Go

As interoperable blockchain solutions gain traction, many believe that the technology is still relatively nascent and needs more polishing. Cross-chain interoperability is a domain that has piqued the interest of many financial institutions over the years, as it stands to produce a technology that can potentially mitigate a whole host of their recurring operational issues […]

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Cryptocurrency Firms Now Recognized as Money Service Businesses in Canada

From today onwards, Canadian firms operating with virtual currencies will be legally recognized as Money Service Businesses. Cryptocurrency exchanges and payment processors are now legally recognized as Money Service Businesses (MSB) within Canada. June 1 saw the enactment of amendments to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act that were passed in […]

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