While banks have been investigating and investing in distributed ledger technology (DLT) the team at Ripple does not believe that DLTs are likely to make an appearance any time soon when it comes to processing cross-border payments. Issues around scalability and privacy are still too...
A national banking group in South Korea is launching a blockchain-based ID verification system for the nation’s commercial banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Financial firms are investing $1.7 billion annually on blockchain technology per research from Greenwich Associates, Bloomberg reported. The research group also found that firms increased their blockchain budgets by 67 percent in 2017, and one in 10 banks — and other firms — reported spending more than $10...
There are apps for all sorts of tasks, but Apple doesn’t want apps to do one thing in particular — mine crypto, CNBC reported. In an update to its developer guidelines, Apple has banned mining. Get the Full Story Complete the form to unlock this article...
Thanks in part to the meteoric rise and subsequent decline in the price of bitcoin, the makeup of its holders has shifted from longer-term investors to more active ones, reported the Financial Times. Get the Full Story Complete the form to unlock this article and enjoy...
Coinrail, a small South Korean cryptocurrency exchange that disclosed over the weekend it was hacked, sent the price of bitcoin lower. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
In the first half of 2018, cyber criminals have stolen approximately $1.1 billion worth of digital currency, CNBC reported. To make these thefts possible, some criminals are turning to tools on the dark web: Cybersecurity company Carbon Black said there are around 12,000 marketplaces related...
SAP is rolling out a cloud service to allow companies to build apps using technology in the style of a digital ledger, TechCrunch reported. SAP joins firms such as Oracle and Amazon, which have already released blockchain services for its clients. The release comes after...
According to reports in CoinDesk, care of a Chinese government official, China’s central bank has completed its work on a blockchain-based system for digitizing checks issued domestically by businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
