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.
Bitbond may drive out the global leader by using Bitcoin’s blockchain for international transactions. The borderless nature of this approach may boost the development of new business models.
Despite the growing crypto space, SWIFT is not going to lean back: it reduces cross-border payment times providing its clients with fast and safe services.
Here’re the key highlights from this week’s two payment technology conferences – Sibos 2017 by SWIFT and Swell 2017 by Ripple.
Announces first fully decentralized Oracle network, created by industry leaders.
Blockchain is expected to digitize the paper-based guarantee process, reduce possibility of fraud and improve efficiency.
The banks will be mainly involved in testing and validating the application to evaluate how the technology scales and performs.
The federation will include financial technology groups from more than 20 cities across the world.
The paper issued by the companies highlights possible advantages and challenges of adopting distributed ledger technologies to financial services.
The World Economic Forum 2016 in Switzerland is expected to concentrate on the topic of fintech revolution this year.
The Society for Worldwide Interbank Financial Telecommunications has launched a new initiative that is aimed at improving remittance payments with the application of the blockchain technology.
EU ministers want the European Commission to propose controls on virtual currencies like Bitcoin. So far, it won’t happen in a little while, says the SWIFT Institute report.
The Business Forum 2015, which will be held by SWIFT in March, will address key challenges of using bitcoin in the banking system.