In this guest post, Professor Gracie Anderson shares her insights into the nature of blockchain, explaining why such large-scale entities as Mastercard choose to adopt the tech.
The new blockchain-based overseas payment service will enable customers avoid overseas credit card transactions fees and reduce foreign exchange risks, as payments will go through their mobile account.
GMO Internet Group leverages the robust blockchain technology to streamline an interbank settlement system and create “next-generation” banking services.
Mizuho has completed a trade finance transaction between Australia and Japan, digitising documents’ dissemination process using a blockchain.
The company not only described the potential use cases of the blockchain technology for banks, but also identified the main issues impeding its wider adoption in the sector.
One of the leading French banks, BNP Paribas, has processed its first live payment transactions for two of its private clients using the blockchain technology.
A number of the world’s leading banks have partnered to form Global Payments Steering Group, the first interbank group for payments based on the blockchain technology.