Banks

Owing to the blockchain technology, two companies have renewed a credit line worth €325 million, the first initiative of this collaboration.

The cost reduction is a critical issue for the successful future of the financial services industry. Sergio Ermotti, UBS Group CEO, believes that blockchain has the potential to change the situation, but expects it to take up to ten years.

American Express will integrate Ripple’s xCurrent solution allowing its cardholders to perform instant cross-border transactions and settlements.

Governor of Thailand’s Central Bank has announced the ‘Inthanon’ project as part of Thailand’s ongoing research into new applications for blockchain technology.

One of the most valuable cryptocurrency platforms is ready to become a ‘Guinea Pig’ for the U.S. regulators and break the ice between it and the crypto sphere.

Crypto sphere attracts all the more attention winning minds of governments, top industrialists and businessmen. Now richest bankers and the whole dynasties take the lead in this crypto expansion.

The country’s central bank – The Hong Kong Monetary Authority (HKMA) – sees no sense in having its own digital currency given that already existing infrastructure is quite robust and efficient.

Dong He, deputy director of the IMF’s Monetary and Capital Markets Department, published an article where he suggested that crypto assets may reduce demand for central bank money and proposed central banks create their own digitized assets.

The latest funding will be used towards Tradeshift’s growth initiatives along with strategic investments in blockchain and artificial intelligence.

Argentina’s Banco Masventas (BMV) sets a new precedence being the first bank on the planet to allow its customers to make use of Bitcoin as a payment option.

The cloud delivery platform Akamai and the financial group MUFG are developing a new blockchain-based online payment network. The technology is expected to come in the first half of 2020.

Amber Baldet, the former head of blockchain projects at JP Morgan, announced her new project Clovyr. Patrick Mylund Nielsen, former developer for J.P. Morgan’s open source blockchain projects, became her partner.

Blockchain is here to change the world. The first in history commercial trade finance transaction based on this technology has been carried out by HSBC.