Banking giants Wells Fargo and HSBC have announced plans to leverage blockchain technology in settling matched foreign exchange transactions. In a press statement, the two entities indicated that they will deploy the …
MoreCategory: banking
Goldman Sachs & other Wall Street banks exploring Bitcoin-backed loans
Several top United States banks, including Goldman Sachs, are reportedly exploring using Bitcoin as collateral for offering loans to institutions. Under the plan, the participating banks will not engage in cryptocurrency spot …
More
Commonwealth Bank in Australia will soon be allowing customers to buy, sell & hold crypto assets
Amid debate in Australia surrounding the banking sector’s relationship with cryptocurrency, the country’s largest bank, Commonwealth Bank, will soon be allowing customers to buy, sell and hold crypto assets directly through …
More
Spanish banks seek clarity on how to legally offer cryptocurrency to their clients
Spanish banks are now investigating the possibility of offering crypto assets to their clients. The fear of missing out on a potential boom has prompted several businesses to inquire as …
More
Bank of America believes 1/3 of United States will use crypto till 2022
Bank of America has released a 140-page report covering the digital assets industry, including NFTs, institutional investments and rates of growth. According to the report, the industry is still “young” and has great potential for …
More
Ripple to partner with Qatar’s largest bank to improve cross-border payments
Blockchain payments company Ripple has partnered with Qatar National Bank (QNB) to improve cross-border payments and launch a new remittance platform, Ripple announced on Tuesday. QNB will pilot RippleNet, a network of banks and …
More
Institutional customers of Arab Bank Switzerland will be able to store, trade & stake Tezos
Arab Bank Switzerland will enable its institutional clients to store, stake, and trade XTZ – the native cryptocurrency of the popular blockchain project Tezos. This announcement comes amid the token’s …
More
Cryptos have sparked new thinking in payment infrastructure
Banking giant Citi has stated that the emergence and growth of cryptocurrencies has sparked new thinking for the payments infrastructure. In a recently published report offering a blueprint for organizations considering crypto payments, Citi …
More
Brazil investment bank to offer Bitcoin and Ethereum
Brazil’s biggest investment bank, BTG Pactual is launching direct bitcoin and ethereum buying and selling through a new platform called Mynt. “We will make available bitcoin and ethereum trading to …
More
Reserve Bank of Australia posts CBDC job position
Amid the country’s ongoing Senate inquiry into crypto regulation, the Reserve Bank of Australia has posted a job advertisement for a position within its Central Bank Digital Currency research team. A successful applicant would …
More