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The United States-based investment bank JPMorgan is expanding the implementation of one of its major blockchain projects, JPM Coin, into traditional banking.JPMorgan has deployed its blockchain-based payment system, JPM Coin, to introduce euro-denominated payments for corporate clients, Bloomberg reported on June 23.According to Basak Toprak, JPMorgan’s head of Coin Systems
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Since its inception in 2019, over $300 billion in transactions have been processed using JPM Coin. Source
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“We're pleased that Singapore has taken a forward-looking approach to how to regulate digital assets,” Stu Alderoty, Chief Legal Officer of Ripple, said in an interview with CryptoX. “With their licensing framework, they have figured out how to create a clear taxonomy for digital assets, balancing the need to protect
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“Our blueprint for a new class of platforms would enhance and ensure greater interoperability, efficiency, and safety in cross-border payments, as well as in domestic financial markets,” Adrian said in a speech given in Rabat, Morocco. “The cost, sluggishness, and opacity of cross-border payments comes from limited infrastructure.” Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Wyre, a platform facilitating payments with digital currencies, is closing shop due to the ongoing decline in the market. The portal has since its winding-down procedure, stating that potential purchasers interested in acquiring the company’s assets
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San-Francisco-based crypto payments firm Wyre is shutting down after almost 10 years in business, citing the financial challenges of the bear market, and not anything to do with any hawkish “regulatory agency direction” in the United States. In a June 16 blog post, the firm stated that it made the
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“I think if you look across the range of experiments that we have done in the Innovation Hub, increasingly in the CBDC space, whether it's wholesale or retail, we are experimenting and exploring different dimensions, [such as] cross border, offline, security,” Hopwood Road said. Source
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The service, Send Globally, will be available in Mexico starting June 14, according to a press release provided to CryptoX. It runs on Lightning Network, a second layer payment system for the Bitcoin blockchain designed to provide cheaper and faster transactions than the base network. U.S. dollars sent across the
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“The recent decision by banking institutions to restrict millions of their customers from making payments to cryptocurrency exchanges represents a profound curtailment of economic freedom in Australia," said Jackson Zeng, director of Blockchain Australia. "Every individual has the inherent right ... to make decisions on how and where to use
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The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers. Source
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