Coinbase is opening its blockchain, Base, to the public on Wednesday (Aug. 9). This general availability launch follows a test phase in which the network was open to developers from February to July, Seeking Alpha reported Wednesday. Before going public, Base had already become the...
Money movement is moving into the future at a rapid clip. But are central banks, enterprise organizations, consumers, and merchants ready for a new era of digitized programmability and payment vehicle innovation? “The true intrinsic value of blockchain, which is around programmability of transactions, immutability...
Mastercard has launched a new initiative focused on digital assets and blockchains. The new Multi-Token Network (MTN) is focused on projects on these technologies, Mastercard Executive Vice President of Blockchain and Digital Asset Products and Digital Partnerships Raj Dhamodharan said in a Wednesday (June 28) blog post. “Our vision for...
Blockchain-for-finance firm Quant has opened its infrastructure platform to business customers. The company’s Overledger Platform — used in the Bank of England and Bank for International Settlements’ retail central bank digital currency (CDBC) project — is now available via software-as-a-service (SaaS), Quant said in a...
J.P. Morgan Chase has launched euro-denominated transactions with its blockchain-based JPM Coin. This offering for corporate clients went live Wednesday (June 21), Bloomberg reported Friday (June 23). Reached by PYMNTS, J.P. Morgan Chase confirmed the report. The new euro-denominated JPM Coin payments join the dollar-denominated ones the bank has...
Swift is testing the use of its existing infrastructure to transfer tokenized value over blockchain networks. The provider of financial messaging services is working with Web3 services platform Chainlink and more than a dozen financial institutions (FIs) and financial market infrastructures (FMIs) on the test,...
Mastercard has unveiled standards and infrastructure that will help verify interactions using blockchain networks. The new Mastercard Crypto Credential is meant to ensure that financial institutions, governments, brands and crypto organizations are meeting defined standards for the types of activities they would like to pursue...
Citi India tapped Contour to conduct its first blockchain-enabled letter of credit transaction. It was the banking giant’s first transaction using Contour, a digital trade finance network of which Citi is a founding member bank, according to a Monday (April 17) press release. Contour’s decentralized...
As the crypto industry contagion continues to spread and add casualties, bitcoin is conversely looking steady. Bitcoin, the first and most widely recognized virtual currency, is often viewed as a stand-in or proxy for the entire digital asset industry more broadly. While, admittedly, just one...
