J.P. Morgan this month became the first U.S. bank to create and successfully test a digital coin representing a fiat currency. The JPM Coin is based on blockchain-based technology enabling the instantaneous transfer of payments between institutional accounts. Here’s a link to the original article published by J.P. Morgan outlining details around the JPM Coin https://www.youtube.com/watch?v=dNpIajqV82M
The crypto-banning big banks are creating a negative impact on cross-border payments and transaction volume for Mastercard. According to a recent earnings call reported by Seeking Alpha, the restrictions on crypto-currency by mega-issuing banks including JPMorgan Chase, Bank of America, Bank of Montreal, Capital One and Citi has led to a decline in Mastercard’s cross-border … Read more Crypto-Banning Banks Impact Mastercard Q1 Volume
MOSCOW and LONG BEACH, N.Y., Oct. 25, 2017 (BLOCK512) — Russian Standard Bank (RSB), the second largest acquirer in Russia, and Planet Payment, Inc. Pay in Your Currency®, which was the first dynamic currency conversion solution in this market, launched earlier this year. PYC provides eligible international customers with the choice to pay in Russian Rubles (RUB), or the currency … Read more Pay in Your Currency® Planet Payment and Russian Standard Bank Announce CORREAS Now Live
“God Bless Bitcoin”…..or Not. Jamie Dimon (JPMorgan Chase CEO) is betting big on the technology behind ‘fraud’ bitcoin JPMorgan Chase said Monday it is launching a blockchain-based system with two other banks to reduce global payment transaction speeds “from weeks to hours.” On Friday, JPMorgan Chairman and CEO Jamie Dimon said he sees potential in blockchain, … Read more Are bankers in denial OR is everyone else wrong?
This is a summary of the recent speech by Christine Lagarde, IMF Managing Director at the Bank of England conference, London How will Fintech change central banking over the next generation? Three innovations will have an impact of Fintech —virtual currencies, new models of financial intermediation, and artificial intelligence. You can read the full article online or the … Read more A Brave New World for Cryptocurrencies in Fintech
Bitcoin helps grant-making goal exceed $25 billion to charities in 25 years Fidelity Charitable® distributed a record $3.5 billion in donor-recommended grants to nonprofit organizations in 2016; donors embrace innovation with charity’s first bitcoin contributions In an effort to maximize donor contribution and grant-making options, Fidelity Charitable began accepting Bitcoin in November 2015, resulting in … Read more Bitcoin Donations Generates $7 Million in 2016 for Fidelity Charitable