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Bitcoin Daily: OMFIF Debuts Digital Monetary Institute; Chinese Leaders Back Regional Digital Currency Plan

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The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. . The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces.

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Bitcoin Daily: Chinese Leaders Back Regional Digital Currency Plan

PYMNTS

The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. . The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces.

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UBS Leads New Blockchain Settlement Group

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UBS and its cohorts are not alone in pursuing blockchain-based solutions to the problem of cross-border settlement. The bank also launched a blockchain-based information-sharing platform called the Interbank Information Network in 2018 that as of today has over 250 members. Earlier this year, JPMorgan Chase & Co.

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Agriculture In Ant Financial’s Blockchain Sights

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In mid-2018, Ant Financial announced that it launched a blockchain-based cross-border settlement service for consumers. Earlier this year, Ant Financial was an investor in a $10 million Series A round for QEDIT, which develops privacy solutions geared toward blockchain.

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Global Blue Buy Shows Int’l Consumer Payments Allure for Ant Financial, Others

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As noted recently in this space during interviews with executives from Ingenico and Avalara, companies often need help with processing, cross-border settlement and tax collection services as they enter new markets. raised $550 million in its initial public offering (IPO) in June of 2018. The IPO – and Other Attractions.

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Can FinTech Walk The FinTalk?

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According to a Crunchbase article published in February of 2018, investments in blockchain and blockchain-related startups (excluding initial coin offerings, or ICOs) were already 40 percent of what they were in 2017. billion in 2018 from $945 million in 2017 and will grow more than 80 percent year over year to reach $9.7