Payments News

On The Web

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Deals

Blockchain Company Digital Asset Holdings Raises $120 Million

“Digital Asset Holdings LLC , the blockchain software developer that caters to corporate applications, raised more than $120 million from investors 7Ridge and Eldridge. The company will use the funds to expand its global workforce by 50% this year and add to its mix of products, according to a statement. The latest round follows a […]
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Global

JPMorgan Testing Blockchain Solution With Taiwanese Banks

“JPMorgan launched a blockchain solution that aims to reduce the number of rejected or returned payments. The U.S. banking giant said Monday it is testing the solution “Confirm” with 12 banks in Taiwan including CTBC Bank, Taiwan Cooperative Bank and First Commercial Bank for money transfers to Indonesia using JPMorgan’s clearing solution “PayDirect.”The banks will […]
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Tech

IDB-backed LACChain Tokenizes Citi Payments, Partners With Overledger – Ledger Insights – Enterprise Blockchain

“Today the Inter-American Development Bank (IDB) announced it had executed a cross-border payment using blockchain as part of a proof of concept involving Citi Innovation Labs . The solution used the LACChain blockchain network, a public permissioned consortium blockchain for Latin America and the Caribbean backed by IDB. Separately, LACChain also announced a partnership with […]
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Systems

Germany’s Central Bank Tests Blockchain Solution to Counter CBDCs – CoinDesk

“Germany’s Bundesbank has tested a blockchain-based settlement interface for electronic securities. The test demonstrates that new technologies and conventional payment systems can be interoperate to settle securities in central bank money without relying on a central bank digital currency (CBDC). In conjunction with Deutsche Börse and the German Finance Energy, the Bundesbank announced Wednesday that, […]
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Tech

JPMorgan’s Blockchain Payments Test Is Literally Out of This World

“JPMorgan Chase & Co has recently tested blockchain payments between satellites orbiting the earth, executives at the bank told Reuters, showing that digital devices could use the technology behind virtual currencies for transactions. The so-called Internet of Things (IoT), where devices connect to one another, is most associated with consumer electronics, including smart speakers like […]
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Tech

Worldline to Lead EU Blockchain Project

“The European Commission has appointed Worldline to lead the ‘TruBlo’ project, aimed at using blockchain technology to ensure the exchange of reliable content on social networks and in the media. Introduced as part of the European Commission’s Next Generation Internet initiative, TruBlo is set to last three years and each of the projects that it […]

On The Wires

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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 […]
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Companies

Partnership With ConsenSys Supports the Future of Multi Blockchain Commerce

“Mastercard and ConsenSys have announced a partnership to power the future of commerce. ConsenSys, a software engineering firm in the blockchain space, provides tools and services to support the Ethereum ecosystem and helps developers build next-generation networks to enable companies to launch more powerful financial infrastructures and technology. ConsenSys Quorum is an open-source protocol layer […]
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Tech

Interstellar and Velo Labs Join Forces

“Today, Velo Labs and Interstellar announced that the Interstellar team, based in San Francisco, CA, is integrating with Southeast Asia-based Velo Labs, under the leadership of Mike Kennedy and with the ongoing support of its partner organizations, Stellar Development Foundation and Lightnet Group.  The strategic partnership between Interstellar and Velo Labs, which began in January 2020, set out to revolutionize international payments. This latest […]