Payments News » Blockchain

Google And Goldman Back Bitcoin Startup For Small Businesses

September 27 2018

“Led by banking giant Goldman Sachs, with GV (formerly Google Ventures), Kleiner Perkins, Silicon Valley Bank, Trend Forward Capital, and Pantera Capital also participating, the investment in enterprise-payments startup Veem is primarily a move to accelerate the firm’s exponential growth.”

Tech

JPMorgan widens blockchain payments to more than 75 banks

September 26 2018

in
Blockchain

“The idea is that a mutually-accessible ledger across banks would allow them to quickly resolve issues such as compliance checks, faulty addresses or missing data, which can lead to payments being held up for weeks. The banks expect to put about 14,500 US dollar-denominated payments a day through the enlarged network.”

Global

Japanese bank pilots blockchain mobile payments in bars and restaurants

September 26 2018

“In this demonstration experiment, for SBI Group employees, we will construct a mechanism that allows cashless settlement at eating and drinking establishments in Izumi Garden Tower, Roppongi 1-chome where SBIH is based.”

Tech

Walmart is betting on the blockchain to improve food safety

September 25 2018

in
Blockchain

“Walmart has been working with IBM on a food safety blockchain solution and today it announced it’s requiring that all suppliers of leafy green vegetable for Sam’s and Walmart upload their data to the blockchain by September 2019 .”

Tech

$80 Billion Banco Santander Uses Ripple For Payments, Will Many Banks Follow?

October 3 2018

in
Blockchain

“The strategic partnership between Ripple Labs and Santander was announced in March of 2018, but at the time, the intricacies of the collaborative work between the two companies were not disclosed to the public. Since March, the Ripple team explained in an official statement that Santander has been experimenting with RippleNet and other liquidity products available on its […]

Tech

Two of Blockchain’s Biggest Consortiums Just Joined Forces

October 3 2018

in
Blockchain

“Announced Monday, the Hyperledger Project and the Enterprise Ethereum Alliance (EEA) have agreed to collaborate on bringing common standards to the blockchain space and cross-pollinate a wider open-source community. This joining of forces is notable as EEA and Hyperledger represent two of the three largest and arguably most influential enterprise blockchain communities, the third being the […]

Tech

German central bank sees positive results from blockchain settlement trials

October 25 2018

in
Blockchain

“Developed over a two-year period, the prototypes functioned as a sandbox for testing blockchain-based securities settlement including the full lifecycle of bond issuance, settlement, corporate actions, redemption as well as cash transfer including provisioning of digital coins, transfer between market participants and settlement of cash payments.”

Deals

Blockchain Startup Algorand Bags $62M, Hires Fuze & LogMeIn Execs

October 24 2018

in
Blockchain

“Algorand aims to solve some of the technological drawbacks of Bitcoin and other popular digital currencies, including their use of massive amounts of computing resources and electricity, high transaction costs, and criticisms that the networks aren’t as decentralized as they’re purported to be.”

Tech

Austrian government notarizes EUR1.15bn bond auction using blockchain

October 8 2018

in
Blockchain

“The Austrian government has enlisted Oesterreichische Kontrollbank (OeKB) to notarize the auction of a EUR1.15 billion government bond using the ethereum blockchain. Local bank OeKB will deploy the notarization service to authenticate transaction data and then store it on the blockchain. Blockchain-based data notarization involves using an encryption method for documents to derive a unique electronic fingerprint, […]

Companies

Ripple Is Aiming to Overtake Swift Banking Network, CEO Says

November 13 2018

“Ripple Labs says it has more than 100 banks and payment providers on its RippleNet network, including Japan’s Mitsubishi UFJ Financial Group Inc. and Standard Chartered Plc, according to its website. Garlinghouse also said that speculation within the blockchain industry of a potential link-up between Ripple and Swift wasn’t true.”