Cryptocurrency Analysis and News Portal
The biggest credit card issuer in Japan, JCB, has partnered with technology accelerator TECHFUND to build a sustainable transaction system on the blockchain.According to a May 15 statement released by JCB, the partnership will utilize TECHFUND's expertise on security token offerings (STOs) and staking to create a new platform for
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Standard Chartered says it's issued the first blockchain-based international letter of credit (LC) transaction using China's national currency, the yuan. The London-based bank said earlier this week that the transaction, for a deal between Australian mining giant Rio Tinto and Chinese steelmaker Baosteel, was carried out over the blockchain trade
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HDBank has signed up to a blockchain network from Contour with the aim of bringing trade finance into the digital realm.The Vietnam-based bank is the latest financial institution to join Contour's network with a view to streamlining the issuance of letters of credit with the use of a blockchain and
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Bitmain-affiliated financial service platform Matrixport has teamed up with Simplex, an EU-licensed payments processing firm, to allow users to purchase select cryptocurrencies using their credit and debit cards.Matrixport users can buy seven cryptocurrencies with most popular fiat currenciesAs part of the partnership with Simplex, Matrixport users from across the globe
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Liechtenstein-based international cryptocurrency exchange Bittrex Global has rolled out credit and debit card support for 125 more countries.Following an earlier introduction of the service for residents in the United Kingdom, Germany, France, and the Netherlands, the exchange announced its significant global extension of Visa support on April 20. In addition to
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Canadian cryptocurrency payments provider, NetCents, has completed the technical integration of its consumer credit card into its proprietary ecosystem. NetCents announced March 20 that it had begun edge-case scenario testing in real-world environments in order to ready the card for launch.Not like other crypto credit cardsThe NetCents credit card
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The sixth-largest bank worldwide, JPMorgan Chase Bank, has settled a lawsuit over unannounced changes made to the fee structure applied to cryptocurrency purchases made using its credit cards in 2018. The details of the settlement have not been disclosed.Plaintiffs Brady Tucker, Ryan Hilton, and Stanton Smith accused Chase Bank
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Jon Cuncliffe, the deputy governor for financial stability of the United Kingdom’s central bank, the Bank of England (BoE), has warned that the emergence of a cryptocurrency economy may weaken or eliminate bank credit issuance.In a speech delivered to the London School of Economics on Feb. 28, Cunliffe predicted
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Paxos, a New York-regulated financial firm and the issuer of a USD-pegged stablecoin, has launched its blockchain-based settlement platform.After announcing Paxos Settlement Service in late 2019, Paxos Trust Company has launched the product to settle select United States-listed equity trades between the two broker-dealers, Swiss financial services firm Credit
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New York-regulated crypto startup Paxos, in conjunction with Credit Suisse and Nomura-owned broker-dealer Instinet, has claimed bragging rights for the first live blockchain-based settlement of U.S. equities. Announced Wednesday, the Paxos Settlement Service has gone live, allowing for the simultaneous exchange of cash and a select number of U.S.-listed securities on
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