Cryptocurrency Analysis and News Portal
While the worlds financial and banking elites attend this year’s SWIFT hosted Sibos event, Ripple is at it again with another huge signing. The National Bank of Fujairah has headquarters in Dubai in the UAE, anyone who has visited will tell you it is spectacular in opulence and wealth. With the mass
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Oversea-Chinese Banking Corporation (OCBC), the second-largest bank in South East Asia by assets, has become the first top tier bank of Singapore to join JPMorgan’s Interbank Information Network (IIN), JPMorgan’s live blockchain service specifically developed for cross-border transactions.According to the Business Times Singapore, there are plenty of banks from the
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OCBC has become the first Singapore-based bank to join JPMorgan Chase’s interbank blockchain network.According to a Business Times Singapore report on Sept. 20, a total of 134 banks from the Asia-Pacific region are now participants in JPMorgan’s blockchain-powered interbank information network (IIN).OCBC is the second-largest bank in Southeast Asia by assets
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According to a report published by swissinfo.ch on September 19, 2019, Arab Bank Switzerland has joined the list of established banks which offer access to digital asset products. A New Bank in the Crypto Sphere Arab Bank Switzerland, a bank specializing in private banking and trade financing, has partnered with blockchain technology
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Bank of America has joined R3’s Corda-powered Marco Polo Network “to tackle trade finance challenges.”“Tackle trade finance challenges”On Sept. 19, Marco Polo announced the multinational investment bank was joining its network to improve international trade inefficiencies and deliver a better service for its customers. Geoff Brady, head of global trade
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The multinational German investment bank, Deutsche Bank, is joining JPMorgan’s blockchain-powered cross-border payment messaging system, also known as Interbank Information Network (IIN).The aim of JPMorgan’s growing blockchain network is to counter the inefficiencies of the SWIFT payment system. SWIFT payments are cross-border transactions that are sent via SWIFT international payment
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Germany’s largest bank, Deutsche Bank, has joined 320 other banks in the JPMorgan blockchain network, the Interbank Information Network (IIN). The move aims to lower cost for Deutsche Bank, which handles a vaster amount of euro payments relative to any other bank globally. This will also enhance cross-border transactions and thus
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The European Central Bank (ECB) plans to develop an alternative public cryptocurrency, according to a new report on Forbes.French and German government officials back the supposed ECB’s plans for a development of a digital currency, which could become a potential rival to Facebook’s Libra and Bitcoin(BTC)trade like other popular cryptocurrencies.
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Germany’s largest bank, Deutsche Bank, has joined JPMorgan’s blockchain-based network, the Interbank Information Network (IIN).Two years in operationLaunched as a pilot in 2017, the JPMorgan-led blockchain initiative now has a network of 320 banks that have entered the platform to swap global payments data using the Ethereum network, the
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Banco Santander has announced that it has successfully issued a bond that is backed by end-to-end blockchain, and possibly revolutionizing the bond technology. The news was revealed on September 12th through a press release issued by the bank itself.As stated in the press release, the technology behind the bond consists
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