Singapore to launch blockchain project for interbank payments

  • Sensex, Nifty close little changed; worries about banknotes remain Reuters – 2 hours 35 minutes ago
  • EU agrees new rules for money market funds, eliminating some Reuters – 1 hour 16 minutes ago
  • Gold slides as dollar index hits 14-year high Reuters – 16 minutes ago
  • Oil falls on higher U.S. crude inventories, strong dollar Reuters – 46 minutes ago
  • EXCLUSIVE: Malaysia demands foreign banks commit to stop offshore ringgit trading – sources Reuters – 2 hours 4 minutes ago

‘Singapore to launch blockchain project for interbank payments’ on Yahoo India Finance. Singapore’s central bank on Wednesday said it will launch a pilot project with the country’s stock exchange and eight local and foreign banks to use blockchain technology for interbank payments including cross-border foreign currency transactions. “Under the pilot system banks will deposit cash as collateral with the MAS in exchange for MAS-issued digital currency,” Menon said.
Continue reading “Singapore to launch blockchain project for interbank payments”

Euro banks risk lagging in blockchain race

Euro banks risk lagging in #blockchain race

  • “I always saw this as a Columbus mission – we go out and look for gold, we don’t know what’s going to happen, but if we do discover something it could be massive and it’s worth investing in,” Batlin said, adding that he was always careful to deliver “shareholder value”.
  • The blockchain technology behind bitcoin was designed to do away with banks.
  • In an ironic reverse, investment banks are now racing to make it work for them – but cash-strapped European players risk falling behind their Wall Street rivals.
  • About 80 per cent of top global banks will have launched blockchain projects by next year, the World Economic Forum said in August, describing the technology as the future “beating heart” of the financial sector.
  • A survey of 200 top global banks by tech firm IBM in September found that 15 per cent will have rolled out commercial blockchain products by the end of 2017.

‘Euro banks risk lagging in blockchain race’ on Yahoo7 Finance Australia. The blockchain technology behind bitcoin was designed to do away with banks. In an ironic reverse, investment banks are now racing to make it work for them – but cash-strapped European players risk falling behind their Wall Street rivals. Blockchain was developed eight years ago, enabling transactions using the digital currency to be processed and settled on a public network without the need for a third party.
Continue reading “Euro banks risk lagging in blockchain race”

Swiss rail service to sell Bitcoin at ticket machines

Swiss rail service to sell #bitcoin at ticket machines

  • Half of Obamacare customers cut back on care to manage costs CNBC – 1 hour 10 minutes ago
  • FBI probing new emails related to Clinton case CNBC – 15 minutes ago
  • Recalls the week: Children’s riding vehicles Associated Press – 1 hour 30 minutes ago
  • Clinton campaign fires back, demands details on new emails following FBI letter CNBC – 12 minutes ago
  • Correction: Twitter-In Need Of Change story Associated Press – 36 minutes ago

‘Swiss rail service to sell Bitcoin at ticket machines’ on Yahoo Finance UK. Bitcoin has stirred interest as a way to move money around the world with no fees or bank involvement, but secrecy surrounding the currency, including its creator, have led to some questions on its stability …
Continue reading “Swiss rail service to sell Bitcoin at ticket machines”

Euro banks risk lagging in blockchain race

  • “I always saw this as a Columbus mission – we go out and look for gold, we don’t know what’s going to happen, but if we do discover something it could be massive and it’s worth investing in,” Batlin said, adding that he was always careful to deliver “shareholder value”.
  • The blockchain technology behind bitcoin was designed to do away with banks.
  • In an ironic reverse, investment banks are now racing to make it work for them – but cash-strapped European players risk falling behind their Wall Street rivals.
  • About 80 per cent of top global banks will have launched blockchain projects by next year, the World Economic Forum said in August, describing the technology as the future “beating heart” of the financial sector.
  • A survey of 200 top global banks by tech firm IBM in September found that 15 per cent will have rolled out commercial blockchain products by the end of 2017.

‘Euro banks risk lagging in blockchain race’ on Yahoo7 Finance Australia. The blockchain technology behind bitcoin was designed to do away with banks. In an ironic reverse, investment banks are now racing to make it work for them – but cash-strapped European players risk falling behind their Wall Street rivals. Blockchain was developed eight years ago, enabling transactions using the digital currency to be processed and settled on a public network without the need for a third party.
Continue reading “Euro banks risk lagging in blockchain race”

Bitcoin now accepted by Europe’s largest gift card marketplace

#bitcoin now accepted by Europes largest gift card marketplace #3Novices

  • Toyota recalls another 5.8 million cars worldwide over airbags International Business Times – 1 hour 36 minutes ago
  • Southwest tops Street 3Q forecasts Associated Press – 1 hour 20 minutes ago
  • Global stocks hit by gloom on Wall Street, lower oil prices Associated Press – 1 hour 3 minutes ago
  • Bitcoin now accepted by Europe’s largest gift card marketplace International Business Times – 1 hour 29 minutes ago
  • Coke tops Street 3Q forecasts Associated Press – 1 hour 10 minutes ago

‘Bitcoin now accepted by Europe’s largest gift card marketplace’ on Yahoo Finance UK. Zeek, Europe’s largest gift card marketplace, is now accepting Bitcoin payment, making high street and supermarket purchases using the digital currency possible for thousands of UK consumers. Using the platform, which enables consumers to buy and sell gift cards at discounted rates, Bitcoin users can shop with major high street retailers such as John Lewis or Debenhams, supermarkets such as Sainsbury’s and Morrisons, and household name restaurants such as Nando’s and Pizza Express. Daniel Zelkind, co-founder of Zeek said: “The UK government has expressed support for digital currencies, but it’s still difficult to pay for everyday items.
Continue reading “Bitcoin now accepted by Europe’s largest gift card marketplace”