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Wells Fargo Invests $5M in Startup Connecting Crypto Exchanges and Banks

Banking giant Wells Fargo is backing blockchain forensics firm Elliptic.Announced Thursday, the fresh $5 million from Wells Fargo Strategic Capital (WFSC) brings Elliptic’s Series B up to a total of $28 million. The investment is partly geared toward a recently launched product that helps crypto exchanges win banking relationships, Elliptic

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Mike Mayo of Wells Fargo Says ‘We Are Living in the Golden Decade of Banks and Technology’

Wells Fargo analyst Mike Mayo announced during a Dec. 30 CNBC news segment that “this is the golden decade of banks and technology.”Mayo explained that while the 1990’s had record bank consolidation (banking businesses merge with each other), systems were never integrated. He then explains that in the “aughts” decade

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Wells Fargo to Launch USD-Pegged Stablecoin for Internal Settlements

US multinational megabank Wells Fargo & Co. (NYSE:WFC) has revealed plans to launch a US dollar-linked stablecoin that will run on the company’s first blockchain platform. The “Wells Fargo Digital Cash” The service, dubbed “Wells Fargo Digital Cash,” is a tokenized dollar that will be used in internal settlement across the firm’s

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Wells Fargo to Pilot DLT-Based Cross-Border Settlement Platform

American financial services company Wells Fargo & Company is planning to launch a pilot of a distributed ledger technology (DLT)-based internal settlement service in 2020.In a Sept. 17 press release, Wells Fargo described a DLT-based platform designed to perform internal book transfers of international payments within its global network

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CEOs of Mastercard and Wells Fargo Concur on Blockchain’s Long Term Potential

Top execs at Mastercard and Wells Fargo agreed that blockchain technology has long-term potential, but it has not been realized to date, CNBC reports on March 28.Wells Fargo CEO Tim Sloan and Mastercard CEO Ajaypal Banga concurred that the potential of distributed ledger technology (DLT) is yet to pay

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US Crypto Exchange ErisX Hires Former Wells Fargo Executive as Business Developer

United States-based cryptocurrency exchange ErisX announced that it hired former Wells Fargo executive Kyle Unterseher as a business development executive. The news was reported in a Medium post published by the exchange’s head of marketing on March 5.In December 2018, ErisX raised $27.5 million from Fidelity, Nasdaq Ventures and

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