The bitcoin miner formerly known as Riot Blockchain has rebranded itself as Riot Platforms. Riot Platforms said in a Tuesday (Jan. 3) press release that the new name reflects the fact that it is diversifying its business while remaining driven by bitcoin. Already active in...
As central banks roll out central bank digital currencies (CBDCs) for both wholesale and retail use cases, public-private partnerships are expected to play a pivotal role. This is especially true for cross-border payments, where wholesale CBDCs are anticipated to improve transaction efficiency and security. Public-private partnerships are...
Nine in 10 of the world's central banks are pursuing digital currency projects, but private sector expertise and buy-in will be pivotal to their success, Anish Jain, CEO of WadzPay, tells PYMNTS in the December edition of the "Blockchain Payments Tracker."
Blockchain network Solana is trying to distance itself from one-time booster Sam Bankman-Fried. As Bloomberg News reported Thursday (Dec. 29), the company has drawn scrutiny within the industry over concerns about Solana’s ties to Bankman-Fried and his failed cryptocurrency exchange FTX. As such, the report...
The International Monetary Fund has identified central bank digital currencies (CBDCs) as more efficient alternatives to physical cash that promise to lower transaction costs, promote financial inclusion, limit illicit activity and improve the functioning of monetary policy. At the same time, public-private partnerships are essential...
The BoE has said blockchain technology isn’t yet a critical infrastructure in the financial system. But it holds open the possibility that some blockchains may become so. In a post on its website published on Wednesday (Dec. 21), the Bank of England (BoE) writes that...
Visa is exploring ways to allow automatic recurring payments through a blockchain like Ethereum. Blockchain adoption is increasing but setting up automatic recurring payments is a challenge because some digital wallets require engineering work to allow pull payments, according to a technical paper posted on...
Blockchain solutions for supply chain management and digitized traceability are increasingly on the chopping block. While tech crypto purists continue to tout the transformative potential of blockchain technology, the Web3 architecture that also supports the cryptocurrency ecosystem, leading enterprise organizations are quietly shuttering pilot projects...
The Bank of Italy has chosen Algorand to serve as its public blockchain platform. The platform, due to roll out early next year, will be the first time a European Union nation uses blockchain technology for bank and insurance guarantees, Algorand said in a news...
