Jun 25, 2019 at 16:43
Facebook Libra Coin: Good Samaritan or a Deadstar for All Cryptocurrencies?
The banking industry is worried by Facebook’s announcement about issuing their own cryptocurrency last month. France is going to establish a G7 task force to study how banks can ensure regulations of such digital currency to prevent its usage for money laundering and other illegal activities.
Jun 20, 2019 at 12:36
Italy will Use Blockchain and Fintech for Interbank Checks
The update of the agreement for the maintenance of joint accounts between banking institutions regarding the interbank check was finally approved. This allows in perspective the running of the check process in a new way, i.e. using the technology based on distributed registers, the so-called blockchain, starting from March 2020. The financial technology brings new step for banks and other institutions in Italy.
May 05, 2019 at 12:21
Blockchain to Increase Work Efficiency of Banks in Italy
Financial institutions, including banks, are getting closer and closer to financial technologies (fintech) including cryptocurrency, blockchain, mobile payments and smart contracts, as they realize they have to keep pace with progress to make their work more efficient. A group of experts from Bank of Italy recently published a report dubbed "Banks and Fintech: strategies and business models" to explore the bond.
Central Bank Experiment: Blockchain for Cross-Border Payments
The Monetary Authority of Singapore (MAS), in collaboration with the Central Bank of Canada (BoC), experimented with making cross-border (international) financial payments using blockchain technology and CBDC, a digital fiat money created under the government’s regulation. This initiative will help increase payment efficiencies.
JPM Coin: Banks are in DABDA Phase for Cryptocurrency
One of the best cryptocurrency influencers thinks that the governments and financial institutions are undergoing the DABDA - denial, anger, bargain, depression and acceptance - phase for the flagship crypto Bitcoin (BTC), according to BlockPublisher.
IBM Joins Two Major U.S. Banks to Issue their Own Crypto
IBM Corp., one of the leading technology providers for creating crypto, revealed that two bullish U.S. banks are gauging the benefits of following JPMorgan’s position in issuing a stablecoin. JPMorgan is the biggest U.S. bank in terms of assets, it moves over $5 trillion in wholesale payment daily. The move by IBM threatens Ripple in one way or another.