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Tag Archives: Banks

U.S Bank Capital One Presents Blockchain Patent for Content Validation

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The United States bank holding corporation Capital One has won its latest blockchain-related patent, this point incorporating the technology during a content validation system. Documents from the U.S. Patent and Trademark Office released the patent on April 2. Capital One, that last year centered its intellectual property efforts on blockchain for user authentication, currently needs to use it as a part of a wider network involving …

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Barclays and RBS to Leverage R3’s Real Estate Blockchain Trial

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On 4th April Bloomberg reported, Two major UK banks — Barclays and Royal Bank of Scotland (RBS) — have joined an effort using blockchain to contour realty buying when rethinking the technology’s potential. The trial, that concerned a total of 40 participants, used a tool from Instant Property Network (IPN), a startup using enterprise blockchain group R3’s Corda platform. Introducing blockchain into the important estate exchange arena …

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IBM Signs 6 Banks to Issue Stablecoins and Use Stellar’s XLM Cryptocurrency

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On 18th March the Financial news channel Cheddar reported by IBM and Stellar during a keynote at Money 2020 Asia in Singapore the Six international banks have reportedly signed letters of intent to issue their own stablecoins backed by their national fiat currencies on IBM’s now-live blockchain-powered payments network, “World-Wire.”  IBM’s cross-border payment network, Blockchain …

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Financial Authorities in United Arab Emirates Host Crypto and Fintech Forum

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The United Arab Emirates Banks Federation (UBF) and therefore the Abu Dhabi Global Market (ADGM) hosted a joint forum on crypto assets and fintech, the UAE’s official news outlet Emirates News Agency reported on 17th March. Per the report, the event was controlled in ADGM together with the UBF Compliance Committee and aimed to compile business specialists to discuss the challenges …

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JPMorgan Chase Will Be Launching JPM Coin To Speed Up The Settlements

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CNBC reported on Feb. 14 The United States banking giant JPMorgan Chase (JPM) is propelling its very own cryptocurrency in the U.S. banking money first. In a move, analysts may see as unlikely, the global loan specialist will use its recently developed asset, named “JPM Coin,” to expand settlement efficiency, initially within three of …

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Twitter CEO Jack Dorsey on Bitcoin “The Internet Will Have a Currency”

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CEO and co-founder of Twitter Jack Dorsey announced again that he believes Bitcoin (BTC) will be the internet’s native currency. Dorsey made his comment amid a meeting with American entertainer and podcast host Joe Rogan published on Feb. 2. Dorsey stated in his interview: “Bitcoin was something that was born on the …

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South Korea’s Second Largest Bank Begins Blockchain Record-Keeping to Reduce Human Error

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South Korea’s second-biggest commercial bank, Shinhan Bank, has set out on a task to implement blockchain in interior procedures to diminish human blunder. Shinhan, which has looked for mix with both the blockchain and cryptocurrency spheres in the course of recent months, likewise finished a staff preparing project to build …

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