On The Web

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Tech

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

February 25 2021

• in
• Blockchain

“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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Global

State Bank of India Joins JPMorgan’s Blockchain-based Payment Network – ET BFSI

February 24 2021

• in
• Blockchain
• India

“State Bank of India has tied up with JPMorgan to use the US bank’s blockchain technology to speed up overseas transactions. The tie up is expected to reduce SBI customers’ transaction costs and time taken for payments, sources said. Time taken to resolve cross-border payments-related inquiries can be reduced to a few hours from up […]

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Tech

Worldline to Lead EU Blockchain Project

February 16 2021

• in
• Blockchain

“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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Deals

Stellar Development Foundation Invests $5M in Crypto Payments Firm Wyre – CoinDesk

January 27 2021

• in
• Blockchain

“The Stellar Development Foundation has invested in blockchain payments company Wyre to boost support for financial applications in the Stellar ecosystem. The Foundation said the $5 million Enterprise Fund investment in Wyre will introduce a variety of payment application programming interfaces (APIs) that can be used by apps on the Stellar network.”

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Tech

JPMorgan Using Blockchain to Move Billions in Repo-Market Trades

December 14 2020

• in
• Blockchain

“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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Global

Standard Chartered, Philippines Bank Issue $187M Blockchain Bond

December 7 2020

• in
• Blockchain
• Phillippines

Standard Chartered Bank and UnionBank of the Philippines said Monday they have completed a proof-of-concept issuance of a 9 billion Philippines peso (US$187 million) tokenized retail bond on a blockchain-backed platform.

On The Wires

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Tech

JCB and Keychain Create Blockchain-based Micropayment Solution for IoT

February 12 2021

• in
• Blockchain
• IoT

“JCB Co., Ltd. and Keychain GK have developed a novel infrastructure for processing credit-based micropayments between IoT devices. The innovation promises to enable direct human-to-machine and machine-to-machine payments at scale without the confines of credit cards.”

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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

December 17 2020

• in
• Blockchain
• Smart contracts

“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

December 17 2020

• in
• Blockchain

“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

December 11 2020

• in
• Blockchain

“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 […]