Headlines for the world of Cryptocurrencies - November 20, 2017
Visa Pilots Blockchain Business-To-Business Payments Service
Credit card giant Visa has recently rolled out the first phase of its its blockchain-powered business-to-business payments service called B2B Connect.
The platform is intended to ease cross-border payments by handling direct payments between institutions, eliminating the middleman.
There are already a number of banks working with Visa on the project which includes Union Bank (Philippines), Shinhan Bank (South Korea), United Overseas Bank (Singapore) and Commerce Bank (U.S.).
These banks are currently testing the technology and the platform is set to launch in the market in the middle of 2018.
European Company Cointed Brings Cryptocurrencies To The Main Street – Launches Crypto-ATMs for Mainstream Use
Cointed has recently seen a great potential for a new generation of cryptocurrency-ATMs to drive mainstream adoption of the digital currencies.
The company does not only provide a crypto-ATM experience to their consumers but also further develops the system to be more efficient and usable.
Cointed features much lower fees which is half compared to other offerings.
It also has a more advanced ecosystem which uses high quality cooling which allows a much more efficient operations.
It uses its own API system, PayCo, which enables users and customers to interact with the machines more easily to target POS users in retail, for example.
Headlines for the world of Cryptocurrencies - November 19, 2017Coinbase Extends Business To Institutional Investors With Their Custodial Storage Service / Two Japanese Cryptocurrency Companies Expanded Business To South Korea |
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Headlines for the world of Cryptocurrencies - November 18, 2017Twenty Banks To Join The Hong Kong - Singapore Blockchain Partnership / Singapore And Philippines To Partner For Blockchain-Powered Cross-Border Payments |
Headlines for the world of Cryptocurrencies - November 17, 2017American Express Partners With Ripple To Create An International Blockchain Payments Channel / Fujitsu Launches New ConnectionChain Payment System |
Good News, the sad thing however is that whereas these financial institutions are so eager to use the blockchain technology, they're all shying away from cryptocurrencies. Just like American Express entered into partnership with RippleNet to use the ripple blockchain but not the ripple token.
Regarding AmEx, I've read from a news that XRP will be used eventually as a means of speeding up payments.
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