SWIFT, the 11,000-member global payments network, has announced a partnership with enterprise blockchain consortium R3, and the news is already being felt in the cryptocurrency market where the rusty gears of the ripple (XRP) rumor mill have begun to t…
Ripple on Wednesday posted 9% gains soon after Swift announced a partnership with R3, a blockchain consortium. At 0800 UTC, the XRP/USD was trading at 0.2934 on Binance. As the market sentiment kicked in, the pair posted three consecutive hourly sessio…
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has announced its decision to launch a pilot Global Payment Initiative (GPI) service which aims to compete with the growing threat of competing blockchain and fintech solutions pro…
SWIFT India has announced a collaboration with financial technology provider MonetaGo to launch a distributed ledger pilot program that will aid the operation of Indian banks. Using infrastructure provided by MonetaGo and SWIFT’s standardise…
Major money transfer service TransferWise has indicated that in spite of excitement over the growth of Ripple’s global payment solution, it has not seen a compelling case for using blockchain technology to carry out its business — yet….
Ripple CEO Brad Garlinghouse went on Bloomberg TV for an interview about the usefulness of his company’s technology and told the interviewer that “any digital asset in the long-term is going to be valued based upon the problems it’s s…
Speculation that RippleNet and the Society for Worldwide Interbank Financial Telecommunication (SWIFT) were planning to integrate may have caused the market cap of ripple (XRP) to briefly overtake that of ethereum to take the second position in the ove…
USD Coin has been in the spotlight of late and the reasons should not be far-fetched for anyone who has been following proceedings in the crypto ecosystem of late. In less than a month, the company rose in value and notched the 58th position of top cry…
Ripple (XRP) rallied again for an intraday high near $0.60 as the San Francisco-based blockchain startup announced the commercial release of xRapid, its cryptocurrency-powered enterprise blockchain product. The announcement makes clear that xRapid is &…
Based on a survey conducted by Statistca on 15,000 individuals, Turkey has the highest percentage of population that has invested in the crypto market. According to the data released by Statistica shown below, 18 percent of the country’s investors have…
Germany, Europe’s biggest economy, has called for an independent payment system free of the US, which experts have said is extremely positive for Bitcoin. Throughout the past several months, Iran and Turkey were hit hard by US sanctions, excluded…
According to Toshi Times, Jose Dakak, the principal shareholder of Argentinian bank Banco Masventas, has stated that the bank will drop out from the global financial network SWIFT and begin utilizing the Bitcoin blockchain network to settle internation…
Adam Ludwin, CEO of Chain, a company that has developed blockchain protocols for Visa and Capital One, told Fortune Magazine that blockchain’s main purpose is to disrupt financial networks and not the non-financial areas that reports have cited as being disrupted. Ludwin said blockchain is a database for money, and he doesn’t know why people […]
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The hacking heist of $81 million from the Bangladesh central bank demonstrates the vulnerability of many banks’ existing financial security platforms that cry for blockchain-based security. Investigators at BAE Systems, a U.K.-based defense contractor, believe the attackers hacked into the Society for Worldwide Interbank Financial Telecommunication (SWIFT) financial platform that provides the heart of the global […]
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Distributed financial settlement solutions provider Ripple has announced the hire of Marcus Treacher, a veteran in transaction and payment systems banking. Treacher is a former executive at HSBC and member of the Global Board at SWIFT. In a press release, Ripple has announced a new hire in Marcus Treacher, as its new global head of […]
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