sponsored Banks have been intentionally – and unwittingly – doing business with drug kingpins and rogue nations. A blockchain network says it can help them avoid eye-watering fines. Scathing reports by regulators have accused traditional banks of inadvertently helping “drug kingpins and rogue nations” – enabling them to commit money laundering, make questionable transfers […]
Continue Reading
Bank of America leads in the blockchain patent race On October 30, Bank of America (BofA) added yet another cryptocurrency-related patent to its collection of more than 50 applications filed within the same field. The second-largest bank in the US has been leading in the informal blockchain patent race, sidestepping such players as IBM and […]
Continue Reading
Visa is preparing its Hyperledger Fabric-based digital identity system for cross-border payments for launch in the first quarter of 2019. Visa is readying its blockchain-based digital identity system for cross-border payments for launch in the first quarter of 2019, according to a press release published October 21. The system, dubbed Visa B2B Connect, will provide […]
Continue Reading
Crypto exchange Bitfinex has reportedly moved its banking business to Hong Kong through a private account at Bank of Communications. Cryptocurrency trading platform Bitfinex has reportedly shifted its banking business to the Hong Kong-based Bank of Communications, the Block reported Oct. 16. A source familiar with the matter reportedly said that Bitfinex appears to be […]
Continue Reading
Ripple (XRP) and MoneyGram (MGI) have agreed to try out a partnership to use blockchain technology, xRapid to speed up money transfers, and to do so at a much lower cost than the soon-to-be-extinct “technology” used by companies like Moneygram and Western Union today. Based on international banks testing Ripple, we expect this to be […]
Continue Reading