article thumbnail

Can biometrics plug the weakness of blockchain?

Payments Source

There's been a lot of interest in using blockchain, the distributed ledger technology developed for bitcoin, to modernize payments and banking systems. But as with any technology, blockchain is only secure if its users can be trusted.

article thumbnail

Mastercard Advances Stablecoin Use for Consumer Payments, Merchant Settlements

Fintech News

In partnership with OKX, Mastercard is launching the OKX Card to give users more convenient access to digital funds and engage more people in blockchain applications. Exchanges and platforms such as Wirex, Bit2Me, Lirium, Notabene, Coins.ph, and Mercado Bitcoin have adopted the system.

article thumbnail

Teranode Realises the Potential of Blockchain Technology

The Fintech Times

Blockchain, heralded for its potential to transform industries, is currently undergoing a divergence from its original vision, marked by a prioritisation of speculative interests over core principles like scalability and decentralisation. Bitcoin can already scale larger than that with existing hardware for a fraction of the cost.

article thumbnail

Blockchain researchers use AI to spot Bitcoin money laundering

Finextra

Researchers from Elliptic, IBM Watson and MIT have used AI to detect money laundering on the Bitcoin blockchain.

article thumbnail

Bitbank Unveils VC Subsidiary, Bitbank Ventures, Planning to Back Promising Blockchain Projects

The Fintech Times

Bitbank , the crypto assets exchange, has officially launched Bitbank Ventures , a new investment firm focusing on projects within the crypto and blockchain space. Bitbank Ventures will consider investing in any blockchain -related projects, ranging from pre-seed to series A.

article thumbnail

Ripple Launches RLUSD Stablecoin on Global Exchanges Today

Fintech News

Ripple, a provider of enterprise blockchain and crypto solutions, has launched its stablecoin, Ripple USD (RLUSD) , on global exchanges today. RLUSD is fully backed by US dollar deposits, government bonds, and cash equivalents, aiming to ensure stability and reliability.

article thumbnail

How PayPal is bridging crypto and commerce through payments

Tearsheet

Fast-forward to today, a Bitcoin-focused product strategy within the lineup seems to be a safer bet. Its early, all-in stance on Bitcoin now seems like a stroke of genius, given that crypto markets are maturing, Bitcoin is reaching new peaks, and a new administration is seemingly opening the door to crypto and Web3.

PayPal 72