Latest news of Banking Sector using Blockchain technology or cryptocurrencies in their department in various ways.
The Polish Bitcoin Association is one of the most leading groups pertaining to cryptocurrencies in Poland. Recently, it sued the banks as they were not providing banking facilities to the cryptocurrency related forms. This was after the banks decided that no banking facilities will be provided to companies operating in...
Kotak Mahindra Bank has recently tied up with ripple. It will be using the ripple net protocol in order to initiate the cross-border payments. With the help of this protocol, it will be able to initiate and conclude the cross-border payments within seconds. Earlier, there was speculation that the central...
Many of the Irish companies which are providing cryptocurrency related services or which are trading in cryptocurrencies are not able to access formal banking facilities. They have complained that either, they have to stop trading or they have to set up foreign bank accounts in order to trade in cryptocurrencies....
The question which is remained in the minds of the cryptocurrency investors for a long period of time is whether money should be only authenticated by the banks or whether independent sources of wealth can also be considered. Even if Bitcoin does not match fiat currency in terms of a...
Sberbank and Alfa Bank, in Russia, are offering cryptocurrency investment products to their customers. As a result, their customers are able to create a diversified portfolio of cryptocurrencies as well as other blockchain-based tokens. The exchanges which these banks are using are Kraken and Bitstamp. The banks are providing the...
Banks accountable for roughly 50% of India’s inner transaction have combined in an association which intends to present blockchain technology to obtain faster trades and lessens barriers to approving new financial loans. According to Abhijit Singh, head of technologies in ICICI Bank Ltd, one among those association founders stated...
