What can blockchain technology do for financial services in a friendly regulatory environment? With a new president coming in 2025, the ecosystem is about to find out. Donald Trump has promised to the industry that he — the U.S. Securities and Exchange Commission (SEC) under...
Until recently, blockchain’s potential impact within payments and commerce has been, well, somewhat blocked. But increasingly, financial service giants are turning their attention to unlocking the potential of blockchain platforms as the technology continues to mature and evolve how value moves across the globe. “Blockchain...
Switzerland-based bank UBS has created and piloted UBS Digital Cash, a blockchain-based payment solution. The new offering is designed to allow for the programmability of money movements for the bank’s corporate and institutional clients, UBS said in a Thursday (Nov. 7) news release. “Cross-border payments often lead...
The U.S. marketplace will likely become more cryptocurrency-friendly with industry-backed lawmakers winning in Congress and the White House this election cycle. Many crypto community experts have likened President-elect Donald Trump’s potential impact on digital assets to that of the internet boom under the President Bill...
J.P. Morgan has announced a significant enhancement to its blockchain platform, recently rebranded from Onyx to Kinexys. The bank will integrate Kinexys Digital Payments with J.P. Morgan FX Services, enabling on-chain FX settlement. This move positions Kinexys as a key player in the landscape of...
Singapore’s banking regulator announced plans to promote tokenization in the financial services industry. The Monetary Authority of Singapore (MAS) said the effort will include deepening the liquidity of tokenized assets by the formation of commercial networks, according to a Monday (Nov. 4) press release. “MAS...
Technology can revolutionize industries when applied thoughtfully. When it comes to evolving customer engagement strategies, particularly across the traditional couponing and promotional landscape, innovation is transforming antiquated paper-based and manual workflows. Xiang Xu, global COE leader of digital strategy and blockchain at Mondelēz International, and...
In today’s business landscape, every advantage counts. And while using cryptocurrency at the point of sale is getting a lot of attention lately, and is an interesting use case, experts are coming to see that the real product market fit and value to both payments...
Crypto observers nowadays must feel as though they’re suffering from déjà vu. While the cryptocurrency-based prediction and betting platform Polymarket is in the news for the recent multimillion-dollar bets being placed on the upcoming U.S. presidential election, despite a ban on U.S. users, the biggest...
