Thirty-nine state bankers associations have formed an organization dedicated to creating a blockchain network that will be owned, designed and governed by the industry. Dubbed the BankChain Alliance, the organization is in the process of selecting a technology partner and is targeting a 2027 launch,...
Standard Chartered and HSBC have completed the first interbank transaction executed on Swift’s blockchain-based ledger, Standard Chartered said in a Wednesday (Aug. 19) press release. This live cross-border transaction demonstrated interbank operability and helped advance industry progress on 24/7 cross-border payments, according to the release. By doing so, it marked...
Retail and supermarket chain Kroger expanded its Fold Bitcoin Gift Card offering after completing a successful seasonal pilot, Fold Holdings said in a Wednesday (Aug. 19) press release. The Fold Bitcoin Gift Card is available as a physical or digital card and enables buyers to...
With stablecoins increasingly moving through existing payment networks, many merchants don’t know they are receiving stablecoin payments, Rain CEO Farooq Malik told The Block, according to a report posted Wednesday (Aug. 19). Rain facilitates stablecoin payments that settle through Visa’s payment network in about three days, according to the report. More than...
Robinhood CEO and Co-Founder Vlad Tenev posted an article on X Tuesday (Aug. 18) calling on U.S. policymakers to update securities laws and regulations to facilitate the use of tokenized stocks. “Market participants are beginning to move toward blockchain-based systems, but policymakers need to modernize the rules so that...
After months of selling bitcoin, large holders have bought about 43,000 of the coins over the past 60 days, Bloomberg reported Tuesday (Aug. 18), citing data from CryptoQuant. Those coins are worth about $2.75 billion at current prices, according to the report. The so-called bitcoin whales, together with dolphins who...
Chime Financial is considering adding stablecoins as a feature in its consumer banking app, Bloomberg reported Thursday (Aug. 13), citing unnamed sources. The FinTech asked blockchain technology companies to submit proposals to provide stablecoin wallet services that would enable Chime customers to send and receive...
Tokenization is a technology aimed at disintermediation. The act of migrating assets onto a blockchain, not the tokenization that underpins card security. Tokenizing a real-world asset means that the traditionally costly machinery standing between buyer and seller can disappear. As tokenized finance moves from demonstration...
Crypto.com now enables eligible users in the European Economic Area (EEA) and other approved jurisdictions to gain exposure to U.S. equities and exchange-traded funds through the Crypto.com App, the company said in a Wednesday (Aug. 12) press release. The company’s new Tokenized Stocks offer exposure...