Banking

Cambodia’s Central Bank Testing Digital Wallet to Ease Cross-Border Payments

| Danny Nelson

Cambodia’s Central Bank wants to slash the cost of cross-border payments and is studying how its Bakong digital wallet might help.

Huobi Plans to Open Fiat Gateway with Lira-Tether Pairing in Turkey

| David Pan

Global crypto exchange Huobi plans to roll out a fiat gateway in Turkey that could increase access to more than 250 cryptocurrencies for local…

Libra Shows Central Banks’ Failure on Cross-Border Payments: Riksbank

| Ian Allison

A senior economist at Sweden's Riksbank says central banks need to "keep up" with cryptocurrency advancements like Libra and XRP.

Blockchain-Shy Bank of America Quietly Pilots Ripple Technology

| Nathan DiCamillo

Bank of America, the second-largest U.S. bank, has discreetly tested out Ripple’s distributed ledger technology – and may be planning to do more…

Chinese Banking Giant CCB Expands Blockchain Platform as Volume Breaks $53 Billion

| David Pan

Chinese banking giant CCB has expanded its trade finance blockchain platform with cross-chain and inter-bank transactions.

Trade Finance Blockchain Marco Polo Pilots First Russia-Germany Transactions

| Ian Allison

Marco Polo, the trade finance blockchain with over 20 global banks on board, is piloting its first trading arrangement between Germany and Russia.

Bank of America Is Now Hiring in Blockchain, Not Just Filing Patents

| Nathan DiCamillo

The second-largest U.S. bank has begun hiring for blockchain positions.

Why French Lender SocGen Issued a $110 Million Ethereum Bond to Itself

| Nathan DiCamillo

Societe Generale has no plans to resell its $110 million ethereum bond, but future blockchain trials will involve external investors, an exec said.

London Stock Exchange-Backed Nivaura Hires Senior HSBC Banker

| David Pan

LSE-backed Nivaura hired a senior HSBC banker to boost adoption of the London-based fintech's blockchain process for capital markets legal documents.

State-Owned French Bank Joins Bitcoin Startup’s $8 Million Series A

| Leigh Cuen

Lightning-focused bitcoin startup ACINQ added an interesting investor to its cap table: Bpifrance, a state-owned bank that just made its first crypto…