Dutch banking group ING has called cryptocurrency a “significant” potential disruptor for the banking sector as it plans to focus increased investment in the space. “The key enterprise value is twofold: blockchain-based solutions will introduce efficiencies to existing processes, thereby reducing transaction times, and costs alongside improving privacy and security...
Multi-national banking group Santander and credit card firm American Express have announced they will cryptocurrency firm Ripple's technology for cross-border payments via blockchain. The firms have partnered with Ripple to speed up cross-border payments between the U.S. and the U.K. by using blockchain technology. Payments made by American Express' business customers on its...
Spanish banking giant BBVA has completed a series of international money transfer tests using the cryptocurrency Ripple and reports "significant progress" towards wider implementation. BBVA completed the first real-life implementation of an international money transfer using Ripple’s new Distributed Ledger Technology (DLT). The transaction, running on BBVA infrastructures with real money,...
Financial cryptocurrency consortium R3 Blockchain has expanded with the addition of the National Bank Of Egypt in the Middle East. The NBE joins well over two hundred financial service firms, central banks, technology companies trade associations and regulators in the global blockchain initiative. “We can better assess the value this technology...
Traders seeking arbitrage opportunities in cryptocurrency markets could be set to drive the next wave of growth in the sector as they seek to capitalize on growing disparities between exchanges. The process of buying and selling the same commodity on different exchanges to take advantage of price differentials is a...
National lender State Bank of India is reported to be considering a tie-up with cryptocurrency firm Ripple to power instant remittance payments into the country. The crypto-firm has seen rapid growth in interest in the country following news last month that Kotak Mahindra Bank would implement its xCurrent system for payments. India’s...
Massive price gains for Bitcoin, following a substantial purchase by a mystery investor last week, has positioned the cryptocurrneyc market for a revival in fortunes in the second half of hteyear, according to analysts. Prices has soared over 20 percent, breaking $5,000 for the first time...
Swedish exchange Nordic Growth Market (NGM) has announced the launched of exchange-traded products tracking the value of cryptocurrencies XRP and Litecoin. Owned by Boerse Stuttgart, Germany’s second-largest stock exchange, the NGM is an authorized exchange with operations across Sweden, Norway, Denmark and Finland.
The world’s 10th largest banking group Santander has announced plans to launch international payments using blockchain technology from cryptocurrency firm Ripple. The multinational banking group plans to launch a new app this spring and aims to be the first large retail bank “to carry out cross-border payments at scale with blockchain technology”...
Ripple has announced it will host Swell: The Future Is Here conference from October 16 to 18 in Toronto, Ontario, Canada, according to an email CoinReport received from The Hatch Agency, the PR firm of Ripple. The event is attracting leaders from blockchain and banking who are determined to change the way the world...