Tag: blockchain
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BRICS pursues de-dollarisation with blockchain-based payments
The BRICS countries (Brazil, Russia, India, China, and South Africa) have announced their intention to pursue de-dollarisation by exploring the use of blockchain-based payments for their international transactions. This move comes in response to increasing concerns about the dominance of the US dollar in global trade and finance, and the potential risks associated with relying…
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Ripple partners with Commercial International Bank (CIB)
Ripple, the blockchain technology company known for its digital payment protocol, has announced a partnership with Commercial International Bank (CIB). This partnership marks a significant milestone for both companies as they aim to revolutionize the cross-border payments industry. What does this partnership entail? As part of the partnership, CIB will leverage Ripple’s blockchain technology to…
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Argentina adopts QuarkID for blockchain-based citizen ID
Argentina, known for its embrace of cutting-edge technologies, has made a significant leap towards digital identity verification by adopting QuarkID for a blockchain-based citizen ID system. This groundbreaking initiative is set to revolutionize the way identities are managed and secured. QuarkID harnesses the power of blockchain technology to provide a tamper-proof and transparent platform for…
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Elastos joins forces with The Metaverse Bank
Elastos Joins Forces with The Metaverse Bank Elastos, a prominent name in the blockchain industry, has recently announced a strategic partnership with The Metaverse Bank. This collaboration combines the expertise and resources of two leading organizations in their respective fields, fostering an even stronger environment for the growth and development of the digital economy. Elastos,…
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Bitfinex Securities launches digital asset services in El Salvador
Bitfinex Securities, a leading digital asset exchange platform, has announced the launch of its services in El Salvador, opening up new opportunities for users in the country. This milestone is a significant step towards the widespread acceptance and adoption of digital assets, such as cryptocurrencies, in El Salvador. The launch comes shortly after El Salvador…
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SWIAT enables FIs to issue crypto fund units on the blockchain
SWIAT Enables Financial Institutions to Issue Crypto Fund Units on the Blockchain In a ground-breaking development, SWIAT (Secure Worldwide Investment And Trading) has introduced a cutting-edge solution that allows financial institutions (FIs) to issue crypto fund units directly on the blockchain. This breakthrough technology is set to revolutionize the way FIs handle digital assets and…
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Evita partners with Layer2 Financial
Bringing innovative solutions to the financial industry Evita, a leading technology company specializing in financial services, is pleased to announce its partnership with Layer2 Financial, a renowned provider of cutting-edge financial software solutions. This collaboration aims to deliver innovative and comprehensive financial tools and services to clients worldwide. Evita’s expertise in developing advanced financial technology…
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Nubank partners with Fireblocks to expand its blockchain products
Brazilian fintech giant, Nubank, announced its partnership with blockchain infrastructure platform, Fireblocks, in a bid to strengthen and expand its blockchain product offerings. This strategic collaboration aims to enhance Nubank’s existing blockchain capabilities and explore new innovative solutions in the financial space. Nubank, known for disrupting the traditional banking sector, has a customer-focused approach…
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TII launches a blockchain-powered carbon tracking and trading platform
The Tech Innovation Initiative (TII) recently announced the launch of its groundbreaking blockchain-powered carbon tracking and trading platform. This platform aims to revolutionize the way carbon credits are managed, tracked, and traded, offering an efficient and transparent solution to combat climate change. Climate change is an existential threat that demands innovative and sustainable solutions. With…
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SIX Digital Exchange partners with DLT Finance
SIX Digital Exchange (SDX), the leading cryptocurrency trading platform, has announced a strategic partnership with DLT Finance, a prominent blockchain financial services provider. This collaboration aims to revolutionize the digital asset trading landscape by leveraging the combined expertise of both organizations. One of the primary objectives of this partnership is to enhance the security and…
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Citi develops a blockchain-based FX solution for Project Guardian
Introduction Citi, one of the leading financial institutions, has recently announced the development of a groundbreaking blockchain-based foreign exchange (FX) solution for their new initiative called Project Guardian. This initiative aims to revolutionize the FX market by enhancing efficiency, transparency, and security through the implementation of distributed ledger technology (DLT). Benefits of the Blockchain-Based FX…
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Eurosystem moves to a new phase of the digital euro project
Eurosystem Moves to a New Phase of the Digital Euro Project Introduction The Eurosystem, comprised of the European Central Bank (ECB) and the national central banks of the Eurozone countries, is entering a new phase of its revolutionary Digital Euro project. This initiative aims to explore the benefits and challenges of introducing a digital version…
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Alchemy Pay and Trekki NFT join forces
Alchemy Pay, a global cryptocurrency payment gateway, and Trekki NFT, an emerging marketplace for unique digital collectibles, have recently announced their collaboration to enhance the use and adoption of non-fungible tokens (NFTs) within the digital payments space. The partnership aims to leverage Alchemy Pay’s seamless cryptocurrency payment solutions and Trekki NFT’s innovative NFT marketplace to…
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Birake Exchange partners with IDVerse
About Birake Exchange Birake Exchange, a leading cryptocurrency trading platform, has recently announced its partnership with IDVerse, a major player in the digital identity space. This collaboration aims to revolutionize the way digital identity is managed within the blockchain industry. About IDVerse IDVerse is a cutting-edge decentralized identity solution provider. They…
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UBS Asset Management launches blockchain VCC fund pilot in Singapore
UBS Asset Management, one of the world’s largest and most trusted financial institutions, has announced the launch of its blockchain Variable Capital Company (VCC) fund pilot in Singapore. This move showcases UBS Asset Management’s commitment to exploring innovative technologies to enhance the efficiency and transparency of its investment offerings. The VCC fund pilot will leverage…
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Brazil rolls out blockchain-based digital ID
Brazil Rolls Out Blockchain-Based Digital ID In a landmark move, Brazil has officially introduced a blockchain-based digital identification system, revolutionizing its identity management infrastructure. The Brazilian government’s implementation of this cutting-edge technology aims to enhance security, reduce fraud, and simplify administrative procedures for its citizens. “The introduction of blockchain technology in our digital ID system…
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JP Morgan is looking into a blockchain-based digital deposit token
JP Morgan, one of the largest and most influential banking institutions in the world, is reportedly exploring the potential use of blockchain technology to develop a digital deposit token. This new initiative aims to revolutionize the way customers interact with their bank accounts, introducing significant improvements in speed, security, and efficiency. Blockchain technology, often associated…