American investment bank JPMorgan has teamed up with Singaporean DBS Bank and holding company Temasek to develop a blockchain-based interbank remittance system, dubbed Patrior, that aims to soothe some of the most common “pain points” in the sector.
Despite the skepticism of many analysts and even senior bankers, cryptocurrencies are here to stay. They have become a reality that everyone should accept. The blockchain, upon which many cryptocurrencies are based, is built on the financial technology (Fintech) of blockchain. Generally speaking, financial technology is meant to help participants in the global financial sector,Read More
Entering the cryptocurrency market is a challenge for most newbies given the technicalities and the vast number of platforms available to buy these digital tokens. Due to this, most newcomers who want to buy crypto are driven to centralized exchanges, but there are better alternatives to purchase and sell crypto. Finding these alternatives is a challenge that may cause the buyer to spend more than needed on the purchase.
e-Money is a fast, frictionless form of digital cash that can be used for payments, remittances, and as a safe store of value cryptocurrency, especially during periods when crypto market volatility is high. Its greatest characteristic, though, lies in its ability to generate yield for its holders. Understanding how this works calls for a quick […]
Also, the volume of Bitcoin transactions in the Philippines in March 2021 has increased by 56% compared to the previous month according to data available for peer-to-peer exchanges Paxful and LocalBitcoins.
The rise of Ripple in the global remittance market is putting excessive competitive pressure on the Indian banks. A report by consultancy firm Ernst & Young states that blockchain-based Ripple payments, particularly in the remittance and cross-border sector, can increase the competition for Indian banks. The report has been prepared for the Competition Commission of […]
Ripple and Novatti’s effort first targets the Australia-Philippines corridor through a partnership with iRemit, a Filipino remittance service provider which also holds e-money and virtual currency exchanges licenses.