Payments News

On The Web

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Tech

Ex-Ripple Executives Plan PingNpay, a Blockchain Micropayment Network

“London-based pingNpay, a new blockchain-based payments platform, has moved out of stealth mode by announcing its plan to launch a global micropayment network at some point in 2022. pingNPay seeks to create a new category of high frequency, low-value payments, like less than $20,  as part of a web 3.0 initiative. pingNPay is expected to start […]
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Deals

Blockchain Audit Firm CertiK Raises $37 Million in Series B Funding

“The funding comes as the demand for blockchain and smart contracts audits is increasing in the wake of hacks and attacks in the decentralized finance (DeFi) space. According to The Block Research, nearly $500 million has been stolen and lost in DeFi attacks and scams in the last year and a half. CertiK audits codes […]
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Tech

Fintech Using Blockchain to Cut Foreign Exchange Costs

“While many banks remain cautious about crypto and blockchain, the most appealing use case for these systems may be the most basic: lowering costs. With that in mind, New York-based Roxe has introduced blockchain for cross-border payments settlements. The purpose is to create Decentralized Finance, or DeFi, liquidity pools to provide the best wholesale foreign […]
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Tech

BofA Joins Paxos Blockchain Stock-Settlement Network

“Bank of America Corp. joined the network created by Paxos Trust Co. to settle stock trades in minutes rather than days by using blockchain, the latest sign of Wall Street’s growing adoption of the technology. The second-biggest U.S. bank joins Credit Suisse Group AG and Nomura Holdings Inc. ’s Instinet on the Paxos Settlement Service. […]

On The Wires

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Tech

ASC X9 Publishes a Blockchain Risk Assessment Framework

“The document is like a “quick-start” guide for what needs to be considered when assessing existing systems or planning a new blockchain system. It offers digestible, useful and practical information for identifying how blockchain systems differ from the traditional, widely understood tools, and it poses questions to help expose areas of risk that might have […]
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Tech

BBVA to Offer Payment and Financing Services on Trusple – Ant Group’s Blockchain Platform for Global Trade

“BBVA and Ant Group (Alibaba affiliate) have signed an agreement to collaborate on the integration of financial services in their platform, Trusple. Based on blockchain technology, this network is aimed to accelerate the digital transformation and facilitate the financing of international trade operations, with a special focus on small and mid-sized businesses.”
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Companies

TRM Labs Raises $14 Million Series A Funding Round

“TRM Labs, a pioneer in blockchain intelligence, announced today that it has closed a $14 Million Series A funding round. Bessemer led the Series A with additional participation from PayPal Ventures, Initialized Capital, Jump Capital, Salesforce Ventures, Operator Partners, Blockchain Capital, and executives from Google. Other existing investors include Y Combinator, Alumni Ventures Group, The […]
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Tech

E-Livestock Global Launch Mastercard Blockchain-Based Solution to Bring Visibility to the Cattle Industry in Zimbabwe | Middle East/Africa Hub

“E-Livestock Global today launched a first-of-its kind solution powered by Mastercard’s blockchain-based Provenance solution, empowering Zimbabwean farmers to prove the origin and health records of their cattle, while reducing risks to buyers. A first in the Middle East and Africa, the solution brings new hope to the country’s agricultural sector after an outbreak of tick-borne […]
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Tech

Samsung Makes It Easier to Use Blockchain on Galaxy Devices With Support for Hardware Wallets

“Samsung Electronics announced that blockchain users can now manage and trade virtual assets from third-party wallets on Samsung Galaxy smartphones. The update makes it easier for blockchain users to access and process transactions by importing virtual assets stored on select cold hardware wallets to the Samsung Blockchain Wallet available on most Galaxy smartphones. Support for […]
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Tech

DBS, J.P. Morgan and Temasek to Establish Platform to Transform Interbank Value Movements in a New Digital Era

“Acknowledging that the future of global payments is on the cusp of a fundamental shift, DBS, J.P. Morgan (NYSE: JPM) and Temasek today announced plans to develop an open industry platform to reimagine and accelerate value movements for payments, trade and foreign exchange settlement in a new digital era, through a newly-established technology company. The […]