Payments News

On The Web

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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 […]
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Tech

JPMorgan Using Blockchain to Move Billions in Repo-Market Trades

“JPMorgan Chase & Co. is using its custom blockchain to conduct intraday repurchase agreements totaling billions of dollars, an advance that’s helped persuade Goldman Sachs Group Inc. to join the new digital market early next year. The repo trades swapped digitized U.S. Treasury bonds for JPM Coin, the blockchain-based representation of U.S. dollars held in […]
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On The Wires

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Tech

BlockApps and Schweitzer Laboratories partner to build campaign finance compliance system, 4US, restoring trust and confidence in the political financing process

“Campaign finance is central to the functioning of America’s democratic system, yet it is wrought with public mistrust. A 2019 Gallup study found that only 20% of Americans are satisfied with the nation’s campaign finance system. While much focus has been put on proposed adjustments to the regulatory regime through policy initiatives, little attention has […]
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Deals

Paxos Raises $142 Million in Series C Funding

“Paxos, the first regulated blockchain infrastructure platform, today announced it has closed a $142 million Series C round of funding. Declaration Partners , the investment firm backed by the family office of David M. Rubenstein, led the round, which includes investments from Mithril Capital , PayPal Ventures , RIT Capital Partners plc , Ken Moelis, […]
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Tech

BBVA launches its first commercial solution for the trading and custody of bitcoin in Switzerland

“Starting in January 2021, BBVA’s unit in Switzerland will progressively launch a new service for the trading and custody of digital assets. BBVA has spent over five years exploring blockchain technology in very different areas – from international payments, trade finance to capital markets. The evolution of blockchain technology, together with the growing demand for cryptocurrency […]