Banks

MoneyMatch, an authorized Kuala Lumpur-based startup for international money transfers, has made the first ever payment from Malaysia to Spain using Ripple’s enterprise blockchain platform.

Bitwala and SolarisBank have teamed up to launch the first cryptocurrency bank. This is historic for Germany, which has been implementing pro-cryptocurrency policies for some time now.

In his speech at Swell 2018, the Head of Innovation of Banco Santander highlighted Ripple’s active role in improving bank customers’ experience.

Cryptocurrency startup Veem just completed a new funding round that includes investors such as Goldman Sachs and Google Ventures. This is not surprising, given the exponential growth of the company, as it seeks to disrupt the global payments sector.

One of the largest banks in China issued over $1 billion worth of securities utilizing blockchain technology. This marks a milestone, as the country’s financial institutions are implementing blockchain more than ever, due to their transparency.

Visa’s blockchain-based B2B project is gaining massive popularity in Asia. Thailand’s fourth-largest bank, Kasikornbank, has signed on to test the platform, which aims to increase transparency and efficiency in the world of cross-border corporate payments.

JPMorgan’s payment project based on blockchain technology has welcomed more than 75 banks that are ready to participate in trials.

xCurrent developed by Ripple will be used by PNC Treasury Management to speed up processing of cross-border transactions.

The report carried out by the World Economic Forum in alliance with Bain & Company vividly illustrates financial benefits reaped out of a blockchains incorporation into the current trading and supply chain relationships.

MoneyTap has officially launched its website which is a major step forward connecting several Japanese banks via Ripple solutions.