Crypto News 

J.P. Morgan Is Launching a Payments Network Using Blockchain

“The network will be powered by Quorum, a blockchain technology developed by J.P. Morgan” reports fortune.com. J.P. Morgan Chase & Co said on Monday it launched a new payment processing network that uses blockchain technology, in partnership with Royal Bank of Canada and Australia and New Zealand Banking Group.Blockchain, a shared ledger of transactions maintained by a network of computers on the internet, is the technology that underpins cryptocurrency bitcoin.While JPMorgan Chief Jamie Dimon has spoken out against bitcoin, he and other banking executives have lauded the technology. Source: fortune.com Share…

Read More
Crypto News 

IBM is using the technology behind bitcoin to help businesses in countries with weak banking systems

“IBM is using the technology behind bitcoin to help farmers and other small businesses in underdeveloped countries participate in global trade” writes Becky Peterson for businessinsider.com. The announcement is the latest of several projects IBM is working on that use blockchain technology.While bitcoin is just one use of blockchain, the technology behind it is essentially the same: it’s a decentralized digital ledger. The payment system is already at work in 12 different regions across the Pacific Islands, Australia, New Zealand, and the UK.The companies will use IBM’s blockchain technology to…

Read More
Crypto News 

The Blockchain startup Dentacoin announced another key partnership with a German-based manufacturer

“Nowadays, it is an undeniable fact that the Impact of the Blockchain technology goes far beyond financial services” reports newsbtc.com. In my opinion, Dentacoin is not only the future of the entire dental industry; it is what lies ahead for all connected supplementary industries. Source: newsbtc.com Share This:

Read More
Crypto News Reviews 

Bitcoin News Digest Monday, October 16, 2017

Bitcoin is finally buying into US real estate It is already in retail and restaurants; it was only a matter of time before bitcoin took on real estate.   Bitcoin Anarchist Amir Taaki Talks Technology’s Purpose and Altcoins (Interview part 2) In PART 2, crypto folk hero Amir Taaki shares his thoughts on past projects and AltCoins, while pointing to a philosophical paradox he sees in Bitcoin.   Early Bitcoin Investor Has Some Advice On How Much Money to Hold in Bitcoin As bitcoin approaches yet another record, Union Square…

Read More
Crypto News 

JPMorgan launches payments network using blockchain technology

“The network will be powered by Quorum, a blockchain technology developed by JPMorgan” reports foxbusiness.com. Oct 16 (Reuters) – JPMorgan Chase & Co said on Monday it launched a new payment processing network that uses blockchain technology, in partnership with Royal Bank of Canada and Australia and New Zealand Banking Group.Blockchain, a shared ledger of transactions maintained by a network of computers on the internet, is the technology that underpins cryptocurrency bitcoin.”Blockchain capabilities have allowed us to rethink how critical information can be sourced and exchanged between global banks,” said…

Read More
Crypto News 

Russian Minister: Russia Will Issue Own Cryptocurrency, CryptoRuble

“Russian President Vladimir Putin has decided that his country will issue its own cryptocurrency, to be called the CryptoRuble” reports financemagnates.com. Russia’s cryptocurrency should use Russian cryptography, the minister said.When buying and selling a CryptoRuble, the amount will be 13% from the earned difference. “All these issues have yet to be discussed,” explained Nikiforov. Source: financemagnates.com Share This:

Read More
AUD Crypto News 

IBM has a new blockchain for banks to speed up cross-border payments

“IBM has developed a blockchain platform that allows banks to rapidly clear and settle payment transactions around the world” writes Ryan Browne for cnbc.com. IBM’s blockchain will allow all “appropriate” parties access to clearing and settlement data on financial transactions.”Making distributed ledger technologies more interoperable is the latest example of IBM’s leadership driving the rapid advancement of blockchain.”. Big Blue said Monday it has worked with a number of international banks including Spain’s BBVA, Indonesia’s Bank Danamon and Australia’s National Australia Bank. Source: cnbc.com Share This:

Read More
Crypto News 

IBM Announces Major Blockchain Solution with KlickEx

“Using a blockchain distributed ledger, all appropriate parties have access and insight into the clearing and settlement of financial transactions” writes Hannah Delaney for klickex.co. For more information about IBM Blockchain, visit https://www.ibm.com/blockchain/ About KlickEx KlickEx.co is an award winning regional cross-border payments system delivering financial infrastructure for emerging markets.Stellar is an open-source blockchain network that is purpose-built for the issuance and exchange of digital assets. Source: klickex.co Share This:

Read More
Crypto News Platforms 

New IBM blockchain payments platform supports cross-border financial transactions

“They include Banco Bilbao Vizcaya Argentaria, Bank Danamon Indonesia, Bank Mandiri, Bank Negara Indonesia, Bank Permata, Bank Rakyat Indonesia, Kasikornbank Thailand, Mizuho Financial Group, National Australia Bank, Rizal Commercial Banking Corp” writes Kyt Dotson for siliconangle.com. IBM Corp. has entered a new partnership that will see Big Blue offer a cross-border blockchain payments solution aimed at business and consumers.Suggesting that banks are keen to get on board, particularly given that the service replaces the need to use Swift to make cross-border transactions, IBM has signed up a range of financial institutions…

Read More