Blockchain network Solana is trying to distance itself from one-time booster Sam Bankman-Fried. As Bloomberg News reported Thursday (Dec. 29), the company has drawn scrutiny within the industry over concerns about Solana’s ties to Bankman-Fried and his failed cryptocurrency exchange FTX. As such, the report...
The International Monetary Fund has identified central bank digital currencies (CBDCs) as more efficient alternatives to physical cash that promise to lower transaction costs, promote financial inclusion, limit illicit activity and improve the functioning of monetary policy. At the same time, public-private partnerships are essential...
The BoE has said blockchain technology isn’t yet a critical infrastructure in the financial system. But it holds open the possibility that some blockchains may become so. In a post on its website published on Wednesday (Dec. 21), the Bank of England (BoE) writes that...
Visa is exploring ways to allow automatic recurring payments through a blockchain like Ethereum. Blockchain adoption is increasing but setting up automatic recurring payments is a challenge because some digital wallets require engineering work to allow pull payments, according to a technical paper posted on...
Blockchain solutions for supply chain management and digitized traceability are increasingly on the chopping block. While tech crypto purists continue to tout the transformative potential of blockchain technology, the Web3 architecture that also supports the cryptocurrency ecosystem, leading enterprise organizations are quietly shuttering pilot projects...
The Bank of Italy has chosen Algorand to serve as its public blockchain platform. The platform, due to roll out early next year, will be the first time a European Union nation uses blockchain technology for bank and insurance guarantees, Algorand said in a news...
A digital transformation is sweeping across the B2B payments ecosystem. PYMNTS recently sat down with Gary A. Vecchiarelli, CPA, CFO at CleanSpark, to talk about the business-to-business (B2B) evolutions in play, and how he sees B2B crypto as payments representing the spear-tip of industry innovation. “It’s an...
In 2020, scientists at the University of Zambia (UNZA) proposed a clearing and settlement architecture that would allow interoperability between mobile money payment networks based on a distributed ledger system. The researchers argued that a payment infrastructure based on a centralized database is ill-suited to...
Apollo Global Management said it plans to offer a new fund on a public blockchain as it deepens its relationship with the FinTech Figure. According to a Bloomberg News report Tuesday (Nov. 22), Apollo and Hamilton Lane are launching investment operations via a platform on...
