Argentina’s Central Bank Trials Blockchain for New Interbank Settlement Layer
The trial seeks a faster, more transparent clearing system and involves some of the country's largest banks.
The Paxos Settlement Service uses blockchain technology to speed up the process of completing transactions.
Custody tech provider METACO and forex trading platform Cobalt want to rewire the financial system to handle cryptocurrency.
The banks will experiment with cross-border settlements of two wholesale CBDCs and a French digital financial instrument on a distributed ledger technology platform.
The JPMorgan subsidiary has agreed to repay most of $2.5 million it took in credit card fees for cryptocurrency purchases.
The bank has signed on to a blockchain-based trade finance network from Contour with the aim of bringing corporate settlements into the digital realm.