Payments News

On The Web

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Tech

With $16bn in cryptocurrency, Ripple attempts a reset

“San Francisco start-up Ripple can lay claim to having created one of the most valuable cryptocurrencies. Its digital tokens, known as XRP, have a total value of almost $30bn, behind only bitcoin and Ether. But, eight years after launch, Ripple is still trying to find compelling uses for the blockchain technology underpinning its currency that […]
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Tech

China’s Blockchain Infrastructure to Extend Global Reach With Six Public Chains

“A blockchain infrastructure backed by the Chinese government will open its services to decentralized applications (dapp) developers on a global scale on August 10.  The move is part of China’s plan to be the one and only infrastructure provider for blockchain firms across the world. That effort resembles the country’s aggressive international expansion in other […]
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Tech

Spanish Banks Complete Tests of Programmable Payments for Smart Contracts

“Banco Sabadell, Banco Santander, Bankia, BBVA and CaixaBank have successfully completed a proof-of-concept test to enable the execution of payments triggered by smart contracts in blockchain networks. The initiative, coordinated by Iberpay, the company that manages the Spanish Payment System (SNCE), confirmed the viability of employing blockchain technology to the payments sector, allowing the automatic […]
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Providers

Singapore Says Blockchain Payments Project Ready for Commercial Rollout

“Singapore has developed a blockchain-based payments network that could enable faster and cheaper international settlements, authorities said on Monday, adding that the next step was a commercial rollout. The final phase of the years-long ‘Project Ubin’ saw the Monetary Authority of Singapore team up with state investor Temasek and J.P. Morgan to develop the prototype […]
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Providers

Argentina’s Central Bank Trials Blockchain for New Interbank Settlement Layer

“The Central Bank of Argentina (BCRA) is testing a new blockchain-powered clearing system that could be used by some of the country’s largest financial institutions. Blockchain developer IOV Labs said Tuesday it had created a proof-of-concept, for a permissioned blockchain network, based on RSK Smart Contract Network , in conjunction with the central bank and […]
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Deals

Telefonica, Deutsche Telekom, Others Put $13M Into Blockchain Startup Clear | Light Reading

“Telefónica and Deutsche Telekom are among the investors that participated in a $13 million Series A round of venture funding into Israel-based startup Clear, which is working to apply blockchain technology to the global telecom industry. The company’s goal is to use blockchain to eliminate, or at least reduce, the expenses surrounding financial interactions between […]

On The Wires

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Deals

ConsenSys Acquires Quorum® Platform from J.P. Morgan

“ConsenSys, an industry-leading blockchain software company, today announced the acquisition of Quorum ®, an enterprise-variant of the Ethereum blockchain developed by J.P. Morgan. With the addition of Quorum, ConsenSys now offers a full range of products, services, and support for Quorum, accelerating the availability of features and capabilities—such as digital asset functionality and document management.”
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Deals

we.trade Digital Trade Finance Network strengthens collaboration with IBM

“we.trade, a blockchain -based platform that makes international trade faster and more efficient, today announced an enhanced collaboration with IBM which will enable network enhancements and accelerate the global commercialisation of the platform. IBM has also become a new shareholder along with the 12 existing bank shareholders.”