Payments

France’s Le Maire Attacks Facebook’s ‘Political’ Ambitions With Libra

| William Foxley

The French finance minister has said Libra is an "unacceptable" challenge to state sovereignty and suggested political motives behind the project.

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…

US Treasury Secretary: Regulatory Fears Forced Libra Exodus

| David Pan

U.S. Treasury Secretary Mnuchin said backers of Facebook’s Libra withdrew from the project, fearing it would not meet regulatory standards.

tunnel, cars

5 Top Car Makers Enter Field Trials for Automatic Blockchain Payments

| William Foxley

Renault, BMW, General Motors, Honda and Ford are set to begin real-world testing of blockchain IDs for cars next month.

Draper-Backed Startup Launches .Crypto Domains on Ethereum

| Daniel Palmer

Unstoppable Domains, which builds domains on blockchains, has just launched a .crypto extension that can replace public crypto addresses.

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.

US Lawmakers Call on Payment Giants to Exit ‘Chilling’ Libra Project

| William Foxley

Senators Brian Schatz and Sherrod Brown have called on Visa, Stripe, and MasterCard to reconsider their membership of the Libra Association.

Foreign Exchange Giant CLS Admits: No, We Don’t Need a Blockchain for That

| Ian Allison

Forex giant CLS is now using a blockchain to handle certain currency trades, but the technology is “not essential” for the task, an executive…

NBA’s Sacramento Kings to Reward Loyal Fans With Crypto Tokens

| Nathan DiCamillo

Based on the ERC-20 standard, the Kings Token will be a first for a U.S. professional sports team.

Ohio Treasurer Suspends Predecessor’s Bitcoin Tax Payment Service

| Daniel Palmer

A website launched last year by the U.S. state of Ohio allowing businesses to pay a range of taxes with bitcoin has been taken offline.