Payments News

On The Web

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Tech

EU Launches Blockchain Association to Accelerate Distributed Ledger Technology Adoption

“INATBA’s mission will be to facilitate and promote DLT-related technologies by organizing forums where regulators and policymakers can interact with corporations and startups to develop the necessary regulatory incentives for the technology to evolve. In signing the charter and joining the association, the founding members agreed to a broad range of goals such as creating […]
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Tech

A Blockchain to Connect All Blockchains, Cosmos Is Officially Live

“Cosmos, a highly anticipated blockchain itself designed to improve the interoperability between any number of other blockchains, has officially released a live software. With the mining of its first block at 23:00 UTC, the project has launched Cosmos Hub, the first in a series of proof-of-stake (PoS) blockchains that will be created in the Cosmos ecosystem. At present, users […]
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Tech

A Big Bet on Blockchain and Gaming: Ripple and Forte Announce $100 Million Fund

“The cryptocurrency company Ripple on Tuesday announced an ambitious project to integrate blockchain technology into video games. The plan, which features a $100 million fund for developers, could remake the gaming industry by creating a new way to create in-game marketplaces for digital goods. The fund will be overseen by Forte, a San Francisco company […]
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Tech

India’s National Payments Corporation Wants to Build a Blockchain Solution

“The National Payments Corporation of India (NPCI) – a bank consortium-owned umbrella organization for retail payments and settlements – is planning to use blockchain technology to boost digital transactions. According to a report in Business Today on Sunday, the NPCI has said it plans to develop a “resilient, real time and highly scalable” blockchain solution […]
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Tech

J.P. Morgan Expanding Blockchain Project With 220 Banks to Include Payments

“Investment banking giant J.P. Morgan Chase is planning to expand an existing blockchain project to include settlement features as it seeks to fend off competition from payments upstarts such as TransferWise and Ripple. The blockchain-based Interbank Information Network (IIN), set up in partnership with Australia’s ANZ bank and the Royal Bank of Canada back in 2017 […]
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Tech

Euronet Worldwide Subsidiary Ria Money Transfer Joins Ripple’s Blockchain Payment Network – TokenPost

“Ria Money Transfer , a subsidiary of e-payment services provider Euronet Worldwide, is the latest to join Ripple’s blockchain-powered global payments network. Headquartered in California, Ria is one of the world’s largest international money transfer companies with customers in over 155 countries, more than 377,000 locations worldwide, and $40 billion in money transfer volume per […]
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Tech

FedEx CIO Looks to Industry Collaboration to Scale Blockchain

“Best known as the record-keeping system behind cryptocurrencies, blockchain is a data structure that makes it possible to create and share a digital ledger of transactions among various parties. The data, encrypted and unchangeable, is always up to date on all participants’ systems, making blockchain a potentially powerful tool for say, tracking a package’s movement […]

On The Wires

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CULedger and IBM Announce Collaboration to Deliver Blockchain Services for Financial Cooperatives and Credit Unions Worldwide

“CULedger will work with IBM to use permissioned blockchain technologies to create an immutable audit trail that can be used to create new business models and transform existing business processes for credit unions. The companies also intend to help drive greater financial inclusion by extending reach to a broader range of new members.”
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Tech

J.P. Morgan and Microsoft Announce Strategic Partnership to Drive Enterprise Adoption of Quorum

“J.P. Morgan and Microsoft Corp. on Thursday announced they have signed a memorandum of understanding to form a strategic partnership to accelerate the adoption of enterprise blockchain. Through this partnership, Quorum, developed by J.P. Morgan, will become the first distributed ledger platform available through Azure Blockchain Service, enabling J.P. Morgan and Microsoft customers to build […]