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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. Partners like JPMorgan Chase, Standard Chartered, and Ondo Finance are connected to the platform to explore new digital asset usecases.
Emerging tech: High-stakes opportunities The hype surrounding AI, blockchain and quantum computing continues to grow, and for good reason. We have invested in a robust AI infrastructure, including our own compute capabilities, and we use both regional and international cloud models based on the nature of the usecase.
At Sibos 2024, Angie Walker, Global Head of Banking and Capital Markets, Chainlink Labs, explored the topics of blockchain and tokenisation and how they are transforming the existing world as well as how the technology creates opportunities for the future.
B2B UseCases Are Mushrooming. And, in the digital-first world that has been wrought amid the pandemic, the B2B usecases of moving money beyond the confines of the paper check have been exploding as data and payment need to be matched up seamlessly. Using Technology To Solve Key UseCases.
Blockchain may have received its most exposure as the distributed ledger technology at the foundation of cryptocurrency exchanges, but its usecases are advancing into other data-driven or supply-chain industries pursuing the Internet of Things.
PayPal USD (PYUSD), PayPal ‘s USD stablecoin, will now be available on the Solana blockchain. The news was announced at Consensus 2024 , the long-running cryptocurrency, blockchain and web3 event. ” The simplified experience of PayPal and Venmo wallets shows PYUSD as a unified balance regardless of the blockchain. .”
DBS ’ permissioned blockchain was used to automate payments, ensuring that only approved recipients received the grants once the predefined conditions were fulfilled. This pilot reflects ongoing efforts to integrate blockchain technology into financial processes, aiming for broader usecases in the future.
Ripple , the blockchain and crypto solution provider, is partnering with the Dubai International Financial Centre’s (DIFC) Innovation Hub, to accelerate blockchain and digital assets innovation in the UAE. It also plans to provide financial, technical, and business support to developers.
Giants like Facebook, JPMorgan Chase and Walmart are all pushing blockchain for myriad usecases, and now Wells Fargo has joined the fray with its own spin on the distributed ledger technology.
Treasuries and operates across multiple blockchains. Through this acquisition, Anchorage Digital plans to integrate Mountain Protocols team, technology, and licensing framework to enhance its support for institutional usecases in the stablecoin space. The companys USDM stablecoin is fully backed by U.S.
WadzChain Network, a global leader in innovative blockchain technology, announced today the launch of one of the world’s first hybrid blockchains intending to transform global payments for businesses. The blockchain is perfect for diverse businesses and usecases, from small startups to large enterprises.
The Solana Foundation has introduced two new developer tools, Solana Actions and blockchain links (blinks), to make blockchain transactions more accessible and seamlessly integrated into everyday digital platforms. This feature aims to make decentralised applications more user-friendly and widely accessible.
As more firms look to enter the blockchain and decentralised space, easy integrations and the ability to develop applications are an absolute must. The partnership with Axelar Foundation propels interoperability into the broader blockchain realm. The Axelar Foundation will broaden blockchain adoption by facilitating RWA.
Morgan ’s Onyx , told Karen Webster that peer-to-peer (P2P) private blockchain networks can help streamline information flows tied to cross-border payments and remove the complexities tied to legacy systems. Morgan said it had established Onyx, a new business unit dedicated to blockchain and digital currencies. Liink, J.P.
Despite the real-world usecases being found around blockchain and distributed ledger technology, banks are being warned to be cautious about committing to any such projects.
Blockchain technology has revolutionised numerous industries by providing decentralised, secure, and transparent systems. However, one of the significant challenges it faces is interoperability between different blockchain networks. However, these networks often operate in isolation, limiting the potential of blockchain technology.
DBS has initiated the pilot of the “DBS Treasury Tokens”, a blockchain-based solution designed for next-generation treasury and liquidity management, in collaboration with Ant International. This launch underscores how established financial institutions can utilise blockchain technology to offer advanced, 24/7 banking services.
Compared to traditional currencies, cryptocurrencies operate on decentralised networks, often powered by blockchain technology. While B itcoin, introduced in 2009, is the most well-known cryptocurrency, there are thousands of cryptocurrencies with various usecases today.
In March 2025, Qatar National Bank (QNB) began leveraging Kinexys Digital Payments (KDP) as its blockchain payment system for USD corporate flows. Kinexys by J.P. By leveraging KDP, SNB will be able to programmatically move funds across its various branches, as well as discharge treasury payment obligations without cut-offs on a 24/7 basis.
Ant International will be able to use the digital form factor to achieve instant, multi-currency treasury and liquidity management on DBS’ permissioned blockchain for their entities across multiple markets. DBS’ permissioned blockchain is Ethereum virtual machine (EVM)-compatible and is integrated with its core payments engine.
As blockchain tech gains commercial traction, a growing number of companies want to use it to reimagine the capital markets infrastructure that powers the trade of stocks, bonds, and other securities. The chart above shows the core blockchain tech being used by projects and corporates working on DLT applications for capital markets.
Not all that long ago, blockchain and bitcoin were inseparable – shorthand for the Wild West of cryptocurrencies and speculation. One firm, tZERO Group , is betting that blockchain can help disrupt capital markets themselves. Blockchain can help automate compliance efforts and settle trades with speed. The UseCases .
Usecase: Customers can pay by tapping their smart devices into the vendors NFC-enabled POS. Usecase: Placing NFC tags on products allows customers to tap their phone to the tag and quickly pay for an item. Usecase: Placing NFC tags on products allows customers to tap their phone to the tag and quickly pay for an item.
The UK’s Regulated Liability Network has chosen R3 , a company specialising in enterprise distributed ledger technology and services, as well as Quant , a blockchain provider for finance, to develop the technology prototype for its experimental stage.
Blockchain companies raised more venture capital and private equity funding in H1’21 than any full year in history. download our best of blockchain research. download our best of blockchain research. But blockchain’s potential extends well beyond crypto and NFTs. First name. Company name. Phone number.
It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. blockchain startup Envoy will be used to bolster its supply chain and trade finance platform, the company told PYMNTS in an emailed announcement.
PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. In a statement, First Horizon noted that the service addresses the growing demand for accelerated payments across a range of usecases, including payroll and commission payouts.
The emergence of the “network of network” strategies on the parts of Visa and Mastercard have opened the door for faster payments, for the electronification of payments — and for blockchain to underpin it all. Blockchain remains a key driver of cryptos’ future, both as unit of currency and store of value.
RLUSD is ideal for financial usecases and allows institutions to: Facilitate instant settlement of cross-border payments. RLUSD is available on both the XRP Ledger and Ethereum blockchains, offering flexibility and scalability for various financial usecases.
The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into usingblockchain technology to streamline disaster insurance payouts, as well as speed up its response to disasters. Earlier this year, the British Virgin Islands partnered with blockchain firm LIFElabs.io
This massive market, which includes a broad range of financial “plumbing” services, could be poised for a blockchain shake-up. But a growing number of companies want to employ distributed ledger technology (DLT) — which uses tech like blockchain to offer a simpler, streamlined way to verify transactions — to upend this status quo.
There are two terms seen a lot in juxtaposition to supply chain lately: coronavirus and blockchain. Some new usecases and a new report put blockchain and the supply chain in perspective. That “single version of the truth” (similar to a bank balance) is the blockchain version of trust.
Plus, blockchain makes new inroads in the B2B arena. TOMIA and Clear Embrace Blockchain for Telecom B2B Payments. As more payment usecases emerge from distributed ledger technology (DLT), some solution providers are looking toward industry-specific applications of blockchain. BitPay Debuts BitPay Send.
Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Please click to enlarge.
The launch of the new BVNK wallet will create a solution to this friction by providing users with direct access to blockchains and local and international payment schemes, all within a single solution. But theyre not perfect for every usecase and moving money between traditional currencies and stablecoins is still challenging.
Looking to facilitate direct payments between businesses and customers in real-time through a new open banking solution, a three-way partnership has been announced between Eviden , the Atos Group business focusing on digital, cloud, big data and security, fintech innovator Ordo and blockchain company, ByzGen.
The Mobility Open Blockchain Initiative ( MOBI )'s Vehicle Identity (VID) II Working Group unveiled the second part of a vehicle identity standard that usesblockchain technology, according to an announcement. Flanigan added that Ford believes the technology could make the buying process easier in the future. In 2019, J.P.
Cagney said that, for this reason, the stage may be set for an overhaul of the government’s payments status quo, quickened by innovation, and, particularly, by blockchain. Among the advantages of a blockchain ledger, he added, is the fact that parties in a transaction do not have to pay an interchange fee.
As demand for real time, global payments grow, Rain is seeing strong momentum from partners looking to issue and use onchain cards and settle in stablecoins. Rain’s technology stack allows for card transactions on the Visa network to be interoperable with stablecoins across multiple blockchains.
To accelerate the development and use of blockchain in Malaysia, a new government-backed national operation and roadmap have been launched: the Malaysia Blockchain Infrastructure (MBI). Ultimately, MBI empowers the next generation of blockchain innovations that will benefit all Malaysians.”
Ripple, a provider of enterprise blockchain and crypto solutions, plans to introduce a stablecoin tied directly to the US dollar (USD), pending regulatory approvals. With the stablecoin market currently valued at approximately US$150 billion and expected to soar to over US$2.8 said Brad Garlinghouse, CEO of Ripple.
On 28 August 2024, HKMA officially launched the Project Ensemble Sandbox, which will test a wide range of tokenisation usecases, including the settlement of tokenised real-world assets (such as green bonds, carbon credits, aircraft, electric vehicle charging stations, and treasury management).
May Zabaneh, VP of Product at PayPal The ability to send a payment over the blockchain in seconds at a fraction of the cost was simply incredible. We plan to continue to deliver more usecases for merchants and consumers around the world, says Zabaneh. This means merchants never have to handle crypto directly when getting paid.
Furthermore, the report takes a forward-looking approach, incorporating forecasts for 2025 and exploring pivotal themes such as artificial intelligence in payments, the evolution of tokenisation and decentralised finance (DeFi), and the adoption of emerging technologies like blockchain, generative AI, and machine learning.
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