J.P. Morgan said its digital token now handles $1 billion in daily transactions. “JPM Coin gets transacted on a daily basis mostly in U.S. dollars, but we again intend to continue to expand that,” Global Head of Payments Takis Georgakopoulos told Bloomberg in an interview...
Investor optimism about the future of exchange-traded funds (ETFs) has apparently been good for bitcoin. As Bloomberg News reported Tuesday (Oct. 24), the world’s largest cryptocurrency reached $35,000 for the first time since last year, driven by the possible approval of the first U.S. spot Bitcoin...
FinTech Circle has announced the beta launch of two Web3 Services products, Gas Station and Smart Contract Platform, aimed at simplifying blockchain experiences for developers and businesses. These offerings let developers to deliver streamlined, interactive, and cost-efficient on-chain experiences for their customers, the company reported...
Blockchain and Web3 platform Curios integrated with payment processor Stripe. The combination “marks a significant milestone for Curios, as it empowers the platform to facilitate seamless, secure and global commerce for creators to directly monetize their content with the security of the blockchain,” the company...
J.P. Morgan Chase says it has marked a milestone with its tokenized collateral network (TCN). The banking giant announced Wednesday (Oct. 10) that the network had facilitated its first collateral settlement for a live client over-the-counter (OTC) derivative transaction. “BlackRock and Barclays are now live on TCN, an application...
Innovative technology is on the cusp of transforming existing global payments infrastructure. But unlocking the full potential and capturing the true impact of next-generation value transfer solutions like blockchain-based payment technology will require a winning convergence of behavioral trends, regulatory evolutions and technical transformations. Pat...
Blockchain Capital, a venture capital (VC) firm dedicated to driving the global transition to decentralized, blockchain-based systems, has announced the closing of two new funds. The firm’s sixth early-stage fund and its first opportunity fund have raised a total of $580 million, the VC firm...
R3, a prominent blockchain company in the finance industry, has reportedly laid off one-fifth of its workforce. The company eliminated positions across different functions and did so to preserve cash during an industry downturn, Bloomberg reported Thursday (Sept. 14). R3 did not immediately reply to PYMNTS’ request...
Can tokenizing real-world assets power the future of connected experiences and streamline global payments? Proponents of Web3 technologies say it can, while other tech-centric observers believe that if an innovation isn’t useful, it won’t be able to scale. But as tokenizing various assets on blockchains...
