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Oman’s second largest bank by market value, BankDhofar, has begun using RippleNet technology for cross-border payments to India. The news was tweeted by the managing director of South Asia and MENA at Ripple, Navin Gupta, on Feb. 16.RippleNet is a global blockchain-based payment network of institutional payment providers, that was
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Years ago, when Bitcoin was just a wee lad, a crypto user going by Laszlo made the world’s first real-world transaction with BTC. In what became a historic event in this nascent community, the BitcoinTalk user purchase pizza for 10,000 BTC, then valued at less than $40.Since that date using
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Major Canadian crypto exchange Coinsquare has acquired StellarX, a Stellar (XLM)-based zero-fee decentralized payment network, according to a press release published on Feb. 14.According to the announcement, Bermuda-based StellarX will be a fully owned subsidiary of Coinsquare and will seek regulatory approval to operate and expand its service under Coinsquare’s
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Privacy coin Beam (BEAM) has announced that it plans to introduce a Mimblewimble-compatible lightning network (LN), according to an paper published by Beam on Feb. 12.Beam’s main goal for implementing the Lightning Network, which would allow for a second-layer scaling solution for quick transfers on value off-chain, is to enhance
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Japan’s Mitsubishi UFJ Financial Group (MUFG) has officially announced it will launch a new blockchain-based payment system, according to a press release published on Feb. 12.The world’s fifth-largest bank is working on the project in partnership with United States content delivery network Akamai, with the aim to launch in H1
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A new blockchain protocol is presenting itself as a place where businesses and individuals can build peer-to-peer financial applications with confidence.Bytom describes itself as the “infrastructure of the asset internet.” The company’s vision is to create diverse assets and a programmable economy and ensure that byte assets (such as cryptocurrencies
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Twitter co-founder and CEO Jack Dorsey — also the founder and CEO of United States-based Bitcoin (BTC)-supporting payments service Square — said that rolling out the Lightning Network on Square’s Cash App is a question of “when, not if.” Dorsey made his remarks during an interview alongside Elizabeth Stark, co-founder
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Finablr, a global payment platform and foreign exchange operator based in the United Arab Emirates, has joined Ripple’s (XRP) RippleNet blockchain network, a press release reveals on Feb. 11.Finablr's network brands, UAE Exchange and payment platform Unimoni, will use the blockchain-based platform provided by Ripple to complete real-time transactions to
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Enterprise blockchain solutions provider Ripple expanded its University Blockchain Research Initiative (UBRI) network by adding another eleven universities in the United States, China, Singapore and Brazil. UBRI was launched by Ripple in June 2018 with 17 universities as launch partners to accelerate academic research, technical development and innovation in blockchain, cryptocurrency
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A Scrum, The Lightning Network, and the Return of the Maximalist February 9, 2019 by Paul de Havilland Coinscrum, the long-running London-based conference, had always been a bitcoin maximalist event. While altcoins were introduced into discussions for an interim period, the talk is now primarily about bitcoin again. Also read: March of the
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