Search for: banks

60 Latin American Banks Can Now Use Bitcoin for Cross-Border Payments

| Christine Kim

Crypto exchange Bitex wants to decrease costs associated with cross-border banking using the bitcoin blockchain.

Samsung Teams With Banks, Telcos for Mobile ID Network Based on Blockchain

| Daniel Palmer

Tech giant Samsung Electronics is joining six other major South Korean firms to develop a blockchain-based certificate and ID authentication network.

IBM, Top Australian Banks to Pilot Blockchain for Retail Lease Bank Guarantees

| Daniel Kuhn

The blockchain pilot will digitize the bank guarantee process in an effort to tackle fraud and improve efficiency.

BIS Chief: Central Banks May Issue Digital Currencies ‘Sooner Than We Think’

| Daniel Palmer

The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies.

BIS Wants ‘Level Playing Field’ for Banks Amid Threat from Facebook

| Daniel Palmer

The Bank for International Settlements has expressed concerns over the expected disruption as big tech firms like Facebook enter the financial space.

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Facebook’s Cryptocurrency Wants to Take on Banks, Not Bitcoin

| George McDonaugh

If bitcoin doesn't need to worry about competition from Facebook. Who does? You've guessed it, the banks.

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14 Banks, 5 Tokens: Inside Fnality’s Expansive Vision for Interbank Blockchains

| Ian Allison

Fresh off a $63 million fundraise, execs at bank blockchain consortium Fnality shed some light on the often-secretive project's plan to tokenize fiat…

Three of Ireland’s ‘Big Four’ Banks Using Blockchain to Verify Staff Credentials

| Yogita Khatri

Bank of Ireland, AIB and Ulster Bank, are using a Deloitte blockchain system to verify and track employees' credentials.

Top Banks ‘Investing $50 Million’ to Build Blockchain Settlement System

| Yogita Khatri

Around a dozen banks are said to be spending $50 million to build a blockchain-based digital cash settlement system, according to Reuters.

Crypto Wallet Abra Adds In-App Support for ‘Thousands’ of US Banks

| Yogita Khatri

Crypto wallet Abra now let users connect to “thousands” of U.S. banks. It's also added withdrawals for all 30 supported cryptos.