Archived Posts

MoneyGram, Ripple’s partner, has reported the fiscal 2020 third-quarter results, which reflect exceptional performance aided by the adoption of RippleNet, which facilitates cross-border payment and Forex settlement. Alex Holmes, MoneyGram CEO and Chairman has referred this period an “incredible performance” for the digital payments enterprise. As per the report, the company recorded considerable growth. Holmes   Read more...

South Korea’s Busan Bank (BNK) has rolled out a blockchain technology based digital wallet that will aid back digital voucher facilities. Government organizations and employee welfare departments offer subsidies in the form of vouchers, with voucher issuers providing guidelines regarding the venues where it can be used and validity. The status of a voucher can   Read more...

Global banking behemoth JP Morgan has rolled out digital currency, named JPM Coin, with support from a large unnamed technology giant. Initially trialed two years back, with participation from over 400 banks, including Singapore’s Monetary Authority, JPM Coin will be utilized a large unnamed client to bolster trans-border payments, as per Takis Georgakopoulos, JPMorgan head   Read more...

With steady arrival of mainstream financial institutions into blockchain domain, how much time will it take for Bitcoin (BTC) to become a must have asset of all corporate treasuries? A decade, as per Brian Estes, founder of investment firm Off The Chain Capital. Estes said “I think in 2029, 2030, when 90% of U.S. households   Read more...

Yoshitaka Kitao, CEO of Japanese financial institution SBI Holdings, has stated that Japan will probably host Ripple’s headquarterd, in case it decides to move out of the US. Through a media release, Kitao has stated that the blockchain technology driven real-time gross settlement system considers Japan as “the most promising candidate” for its head office,   Read more...

One of the world’s largest asset managers, Fidelity Investments, is taking steps to extend its worldwide reach in the crypto sector via its devoted cryptocurrency subsidiary. As per report published by Bloomberg on October 29, cryptocurrency division of Fidelity Investments, Fidelity Digital Asset Services, is collaborating with a Singapore headquartered firm Stack Funds to widen   Read more...

KP3R, the latest crypto token unveiled by Andre Cronje, founder of Yearn Finance, has surged roughly 2750% within hours of launch as DeFi Degen (a term used to portray a DeFi farmer who jumps from protocol to protocol without studying contract security, running behind the biggest yield, liquidating tokens to the new investors and then   Read more...

Paxful, which operates Bitcoin (BTC) P2P marketplace, is collaborating with Bnext, Spain based neobank, to roll out its foremost debit card in the Mexico. The collaboration will facilitate Paxful’s Mexican clients to utilize their crypto holdings to settle bills at any domestic or international vendor point-of-sale (PoS) with a debit card, and also withdraw cash   Read more...

The Bitcoin (BTC) network is facing congestion as the crypto continues to forge new highs. The number of unconfirmed transactions continues to rise at a rapid pace. As per mempool transaction count data provided by Blockchain.com, the number of unconfirmed transactions hit 100,000 on October 27, reflecting the highest level since late 2017, when Bitcoin   Read more...