Six global banks will reportedly issue their own stablecoins backed by their national fiat currencies on IBM’s Stellar-powered payments network. Six international banks have reportedly signed letters of intent to issue their own stablecoins backed by their national fiat currencies on IBM’s now-live blockchain-powered payments network, “World Wire.” The news was jointly announced by IBM […]
Continue Reading
Remittance company SendFriend has received a $1.7 million investment from investors including Ripple, Mastercard Foundation, MIT Media Lab and Barclays. Remittance company SendFriend has received investments from Ripple (XRP), the Mastercard Foundation, MIT Media Lab and Barclays in a funding round, according to a press release published on Feb. 11. In the round, the firm […]
Continue Reading
Philippine bank Union Bank is reportedly launching the country’s first two-way cryptocurrency ATM. Major Philippines bank Union Bank is launching the country’s first two-way cryptocurrency ATM, local media outlet Philstar reported Feb. 6. The move will reportedly let customers buy and sell cryptocurrencies for cash via the ATM as part of the bank’s “sandbox” — […]
Continue Reading
The Philippines has issued new rules affecting the acquisition of crypto assets, including utility and security tokens The Philippines has introduced a new set of rules governing Digital Asset Token Offering (DATO), according to a press release published by the Asia Blockchain and Crypto Association (ABACA) on Feb. 4. The new regulations released by the […]
Continue Reading
Abra CEO Bill Barhydt has outlined why he thinks consumer cross-border payments and remittance services are a struggle for crypto firms. Bill Barhydt, CEO of crypto wallet provider and payment startup Abra, believes that consumer cross-border payments and remittance services at scale continue to be a struggle for many crypto firms. Barhydt made his remarks […]
Continue ReadingThe Philippine Securities and Exchange Commission isn’t ready to issue final initial coin offering regulation, meant for release in 2018. The Philippines Securities and Exchange Commission (PSEC) is not ready to issue final initial coin offering (ICO) regulation. The legislation was meant to be released before the end of 2018, English-language local media The Philippine […]
Continue Reading
sponsored A fintech company is launching a new system of remittances that’s designed to help consumers avoid fluctuations in value when sending crypto around the world. A Japanese fintech company has unveiled a system that is designed to address the price volatility seen when cryptocurrencies are used for remittances. Atom Solutions says that, at present, […]
Continue Reading
The Crypto Kingdom: Thailand proves there’s space for crypto even in authoritarian regimes. Since May 2014, Thailand has been under the control of a military dictatorship. And given that the coup, led by the Royal Thai Armed Forces, brought internet censorship, a suspension of the Kingdom’s constitution, and a disbanding of its senate, casual observers would be […]
Continue Reading
Malaysian lending giant CIMB Group Holdings Bhd. has signed on to use Ripple’s xCurrent technology for expediting cross-border payments. Malaysian lending giant CIMB Group Holdings Bhd has joined Ripple’s (XRP) cross-border payments network RippleNet, Bloomberg reports Nov. 15. The $53.5 billion market cap CIMB will integrate Ripple’s XCurrent product, a software solution for expediting cross-border […]
Continue Reading
Japan and Brazil are the target of a new cryptocurrency-based remittance service based on Ripple. Japanese bank holding and financial services company Mitsubishi UFJ Financial Group, Inc. (MUFG) said it will use Ripple (XRP) to create a new cross-border payments service to Brazil in a press release Nov. 9. MUFG, which has demonstrated an increasing […]
Continue Reading