Banking

  Another day, another central banker broadsiding bitcoin. This time its Benoît Cœuré, a member of the Executive Board of the European Central Bank (ECB) who called the cryptocurrency “the evil spawn of the financial crisis.” So, how do you...

Pittsburgh-headquartered PNC Financial Services Group Inc’s treasury management division will use Ripple’s xCurrent technology to provide its business clients with faster international payments. Traditional international payments can often take banks as long as a week or more to clear...

  The World Bank (International Bank for Reconstruction and Development, IBRD) will use distributed ledger technology to create the world’s first blockchain bond - nicknamed the “bond-i” after Sydney Australia’s popular Bondi Beach. The World Bank and Commonwealth Bank of...

  Banks and business would love to see blockchain solve their challenges of cross-border payments. At this early stage, it’s unclear whether blockchain can meet the three biggest problems of scalability, speed, and transparency, not to mention security. Payments...

  Fintech startup Abra recently decided to let customers buy cryptocurrency with credit cards. Meanwhile, Bank of America, JPMorgan Chase, Citigroup, Capital One, Discover and other major banks continue their policy of locking bitcoin and other altcoin purchases. It’s...

  A new report by the European Parliament’s Economic and Monetary Affairs Committee urges lawmakers not to ban or ignore cryptocurrencies as they evolve and develop. The policy paper says that virtual currencies do not pose a threat to sovereign...

  Germany’s solarisBank today launched cryptocurrency banking services designed specifically for cryptocurrency businesses and consumers. The Berlin-headquartered digital bank is going against numerous mainstream banks who have prohibited consumers from buying cryptocurrency with credit and debit cards as well as...

  When Facebook announced a small cryptocurrency development SWAT team earlier this week, it wasn’t quite clear where they might go with it. A new report from Cheddar shines some light on the payments and cryptocurrency possibilities. Facebook already...