R3CEV Tests Blockchain for Banking InstitutionsA renowned blockchain startup R3CEV leading a consortium of 42 major banks and financial institutions announced it had finalized technology testing with eleven members of the group. According to the company’s statement, the testing covered Ethereum network-based distributed ledger. However, it was Microsoft Azure that hosted the network. Previously, Microsoft Azure announced it would be […]
Russia-based Bank to Launch a Blockchain AcceleratorAccording to an article posted by Bankir.ru, Tatfondband creates a fintech lab in Kazan (Tatarstan, Russia) in cooperation with venture investment fund Life.SREDA. The companies expect the companies selected for acceleration will engage in development of blockchain-related services.
Ukraine’s PrivatBank continues its Bitcoin promotion effortsToday Ukrainian largest private bank PrivatBank posted an interview about Bitcoin and blockchain with Nicolas Cary from Blockchain.info on the main page of its online banking service Privat24. The bank also sent a newsletter to its customers inviting them to watch the interview.
The Banks and the BlockchainThe year 2015 has certainly become the year when major banks finally faced the fact that innovations cannot be overcome, and that the old system is in decline. However, as I mentioned earlier in another article, the enthusiasm of the community regarding the corporate world’s warm embrace of the blockchain is at least premature. At […]
People’s Bank of China: Banning Bitcoin is out of QuestionDespite some fears circulating for a while in the community, the Chinese goverment has no intent of banning bitcoin.
Blockchain and the Human Resources ProblemThe advent of blockchain is considered by some to be among the greatest breakthroughs in the e-banking realm. Those “some” include, for instance, experts from the Financial Times, or even officials from major banks. However, there is a significant downside to it all, as the technology may eventually deprive thousands of people from their jobs. […]
PrivatBank Becomes the First Ukrainian Bank to Integrate BitcoinUkraine’s biggest private bank PrivatBank launched a service for cryptocurrency payments. The first company to integrate this new service is online store Allo.
SWIFT Announces Possible Implementation of the Blockchain in Its Correspondent Banking ServicesSWIFT, the international communications platform for international banking, announced a possible “roadmap” that might include the blockchain technology. As for now, they speak of improving the correspondent banking area. According to the statement, the organization expects the amendments to become effective as of early 2016.