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UBS bank CEO: Blockchain technology key to remaining competitive

Lack of interest and ability are blockchain usage's main obstacles

More environment friendly techniques are the key to extra competitive merchandise, and that’s the reason blockchain’s jam. Bitcoin would possibly disappear, however blockchain technology shall be the most important for monetary insitutions to stay competitive within the coming Five to 10 years, says UBS Group CEO Sergio Ermotti. This is …

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Argentinian Bank now using bitcoin for live cross border payments

Circle acquires Poloniex cryptocurrency exchange for $400 million

Today Banco Masventas unexpectedly turned into the primary financial institution to make use of bitcoin for actual buyer transactions. Argentina’s Banco Masventas (BMV) has suddenly revealed that it now lets its customers select bitcoin as a cross-border payment option. The choice comes due to a partnership with Latin American cryptocurrency …

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MUFG, Akamai partnership shows possible future of cryptocurrency payments

US regulators: Cryptocurrency's "a new chapter of economic history"

Semi-centralised blockchain, easy pegged stablecoin. MUFG financial institution’s crypto plans display how it may be finished. MUFG is the sector’s fourth greatest financial institution, and one of the front-runners in virtual foreign money and blockchain era, with plans to build its own digital currency exchange and roll out a digital …

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Bank KYC/AML compliance is damaged. Blockchain can fix it

Bank KYC/AML compliance is damaged. Blockchain can fix it

Not best is decentralisation the most efficient resolution. It may well be the one resolution. One of the least-sustainable tendencies in current monetary products and services is hidden away within the background. Compliance prices, which refers to the price of dealing with criminal duties reminiscent of KYC/AML, are a rising …

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Amazon cryptocurrency: Users say yes

Amazon is launching in Australia: Here's why it's a big deal for everyone

A brand new ballot unearths Amazon consumers to be very trusting within the logo and willing at the concept of Amazon crypto. “If offered, would you be open to the idea of using an Amazon-created crypto-currency (ex. Amazon Coin) for future purchases on Amazon.com?” LendEDU requested this query of one,000 …

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MUFG: Fourth largest bank to make own cryptocurrency and exchange

MUFG: Fourth largest bank to make own cryptocurrency and exchange

Meet the Yen Tether. The international’s fourth largest bank, MUFG (Mitsubishi-Tokyo UFJ) plans to release its own cryptocurrency pegged to the Japanese Yen, exchange and pockets gadget in 2018 in accordance to Bitcoin News. Most of those are international firsts coming from one of these huge monetary establishment. The advent …

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