Blockchain technology may have been the underpinning for bitcoin, but it’s not stopping there, with a slew of financial companies eyeing blockchain technology, including Visa. According to a report by Financial Times on Thursday (Sept. 1), Visa is taking initial steps toward changing the market for payments...
Apple and Google haven’t shown much interest in blockchain technology, but that appears to be changing, with increasing interest in Ripple and the distributed ledger financial company’s Interledger Protocol. In a report, Ripple said it comes into regular contact with large technology companies that express a lot of interest...
The blockchain — the underlying technology that powers the digital currency bitcoin — may be nearing its mainstream moment in the sun as four of the world’s largest banks are using it to develop a new form of digital currency. That bank-backed “bitcoin” is intended to become...
Telecommunications provider Verizon Communications has been experimenting with blockchain technology, which is what powers bitcoin and other cryptocurrencies. According to Business Insider, which got ahold of a copy of a U.S. patent filed on May 10 by Verizon Communications, Verizon wants a patent on a passcode...
While the FinTech industry is exploring the potential of blockchain technology, some are taking another path and exploring how another distributed ledger, Ethereum, could also make disruptions. One group of Ethereum developers said they have successfully completed the first-ever transactions that are off-blockchain. A payment...
Blockchain has been making inroads into finance — specifically, trade finance — through a series of agreements struck this week that show the distributed ledger concept is catching on with some marquee names, Reuters reported on Wednesday (Aug. 10). FinTech firm R3 and 15 of its consortium...
Thomson Reuters is joining a consortium that includes some of the largest financial institutions around the world working to determine how to use blockchain technology in global financial markets. Blockchain technology is behind bitcoin, the popular digital currency, and enables data to be shared between...
Ethereum, the alternative digital currency that was the victim of a hack last month that caused close to $60 million of investors’ funds to fall under the control of an anonymous group or person, is facing warnings from some bitcoin developers who took issue with...
The blockchain has another link, this time in the legal world. CoinDesk reported on Wednesday (July 20) that law firm Steptoe & Johnson LLP filed a petition with the Commodity Futures Trading Commission (CFTC) seeking a bit more transparency and insight into what the definition of “delivery” across...
