Tuesday, September 17, 2019
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R3 and Mastercard Team Up Mastercard to Build Overseas Payments System Build on Blockchain

Mastercard and R3, a leading enterprise blockchain software provider, have today announced a strategic partnership to develop and pilot a new blockchain-enabled cross-border payments solution that will initially focus on connecting global faster payments infrastructures, schemes and banks supported by a clearing and settlement network operated by Mastercard. advertisement The fear cycle

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Catalonia Announces a Decentralized ID System the Gov’t Won’t Control

The Catalan government announced IdentiCAT, a decentralized identity system. President Quim Torra and Minister of Digital Policies and Administration Jordi Puigneró announced the project on Saturday, local media outlet VilaWeb reported on Sept. 7. Notably, the government says it will not have access to the citizen’s data.Privacy protectionThe bidding

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JPMorgan Warns Stablecoins Like Libra at Risk of ‘System Gridlock’

The new breed of stablecoins led by Facebook’s Libra could be vulnerable to failure in periods of network stress. According to an analysis from JPMorgan released on Sept. 5, they lack the short-term liquidity of other payments systems, so usage could grow faster than the network can safely support.Transaction growth

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Walmart Files Patent for Blockchain-Based Drone Communication System

American retail giant Walmart has submitted a patent application for a drone communication system that is based on blockchain technology. Walmart filed its patent with the United States Patent and Trademark Office (USPTO) on Aug. 1. The filing describes a system on a drone that encrypts and stores that drone’s

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Korea’s Oldest Bank Is Building a Blockchain-Based Security System

South Korea’s oldest bank, Shinhan Bank, partnered with two other companies to develop a blockchain-based security solution.Korea’s Shinhan bank to enhance security with blockchainAccording to a report published on Aug. 14 by local news outlet TheKoreaTimes, Shinhan Bank signed a memorandum of understanding with financial technology startup Ground X

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15 Industrial Countries to Develop Global Crypto System to Stop Illegal Activities

According to the leading Asia news outlet Nikkei Asian Review, several major industrial countries have joined forces to create a new infrastructure that collects and share personal information of users who are associated with crypto transactions. The aim is to prevent the illicit activities of money laundering and financing terrorism

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15 Countries to Develop Crypto Transaction Tracking System: Report

About 15 global jurisdictions, including the G7 countries, will reportedly develop a system for tracking crypto transactions to prevent illicit uses of cryptocurrencies.The Financial Action Task Force (FATF) is planning to prepare detailed measures by 2020, according to a report by Tokyo-based newspaper Nikkei on Aug. 9.The new system

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