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A year-and-a-half after it was first announced, JPM Coin — JPMorgan Chase's in-house stablecoin — is now live and in use by a major transnational tech firm for round-the-clock cross-border payments.According to a report on Oct. 27, this real-world proof that the technology is increasing efficiency and reducing costs has bolstered the megabank's
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The advent of blockchain technology has knocked the doors of the commercial real estate sector too. It can change the process of capital formation and transaction settlement by focussing on higher speed and better efficiency. Through tokenization, the assets will be divided into tradable shares and provide ownership rights to
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A blockchain project from the Monetary Authority of Singapore (MAS) and state investor Temasek has completed its final development phase and is now being considered as the basis for commercial payments ventures. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides
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Singapore authorities announced today that their blockchain payments project, Project Ubin, is complete and ready for commercial launch. The Monetary Authority of Singapore, or MAS, first undertook Project Ubin in 2017 with plans to first develop a digitized Singapore dollar (SGD). The next steps involved exploring blockchain and distributed ledger technology
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The creator of the first fiat-native public blockchain that allows people, companies, applications and banks to interact in frictionless new ways around
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OKEx has been a leading exchange and trading platform in the crypto industry. It is known for its long list of products and features that offer plenty of options across a variety of assets to the crypto trading community. However, the company’s mission is no longer confined to growing its
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[sociallocker id="55298"] Japanese blockchain development company Crypto Garage announced it was launching commercial service on its Settlenet platform for the crypto OTC market.According to an update on Digital Garage’s website posted on June 8, its Crypto Garage venture is launching commercial service for Settlenet, a settlement system using Blockstream’s Liquid
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[sociallocker id="55298"] China Zheshang Bank, a national commercial bank, used blockchain technology to issue an asset-backed commercial paper, or ABCP. It was issued as a part of the National Association of Financial Market Institutional Investors’s (NAFMII) pilot project for ABCPs.An asset-backed commercial paper is a short-term investment issued by financial
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[sociallocker id="55298"] The former vice president of the People’s Bank of China, or PBoC, Wu Xiaoling, praised what she calls a “commercial success” for Bitcoin (BTC) on June 5. These kind words come despite a number of vital weaknesses left to address.According to local Chinese outlet, Sina, Wu stated in
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U.N. and Federal Reserve experts independently researched central bank digital currencies and found they could effectively compete with the commercial banking system. Meanwhile, New York State and France have entered into a regulatory agreement and Europol is concerned about the bitcoin privacy wallet Wasabi. Here’s the story: You’re reading Blockchain Bites, the daily
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