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...
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...
While there are potential benefits to the tokenization of money, there are also costs and risks that need to be considered, the Bank for International Settlements (BIS) said Monday (Oct. 21). These risks may materialize in ways different from those faced by conventional market infrastructures,...
For nearly its entire history, cryptocurrency has been searching for a sustainable product-market fit. From payments to speculative investments to supply chain management, the blockchain landscape’s past has been littered with attempts but little long-standing impact. Now, crypto is circling back to try its hand...
Digital payments firm SKUx has wrapped up the first phase of a blockchain-focused partnership with Mondelēz. SKUx is working with the consumer packaged goods giant on a payments innovation project in conjunction with Hedera, an open source enterprise distributed ledger technology (DLT) network, the companies said in a news...
