Posts Tagged ‘BlockchainBased’
StanChart, Ant International launch blockchain-based tokenised deposits in SGD, USD
The new solution demonstrates how businesses can use blockchain technology to make transactions faster, more secure, and more efficient [SINGAPORE] Standard Chartered (StanChart) on Thursday (Dec 18) announced the launch of blockchain-based “tokenised deposits” in Singapore and US dollars for Ant International. This will enable the fintech firm to move funds in real-time, 24/7, and…
Read MoreStanChart, Ant International launch blockchain-based tokenised deposits in Singdollar, greenback
The new solution demonstrates how businesses can use blockchain technology to make transactions faster, more secure and more efficient [SINGAPORE] Standard Chartered (StanChart) on Thursday (Dec 18) announced the launch of blockchain-based “tokenised deposits” in Singapore and US dollars for Ant International. This will enable the fintech firm to move funds in real time, 24/7,…
Read MoreSwift and top global banks working on blockchain-based overhaul
By Marc Jones [LONDON] Global financial messaging network Swift and more than 30 global banks announced on Monday (Sep 29) that they were now working “at pace” on making cross-border payments instantaneous and on a system capable of handling the various new forms of digital money. Swift, a key part of the world’s financial architecture,…
Read MoreOCBC establishes blockchain-based digital US commercial paper programme
[SINGAPORE] OCBC Bank announced on Monday (Aug 25) the introduction of a US$1 billion digital US commercial paper (USCP) programme using the blockchain. This allows for near-instantaneous short-term US dollar funding capabilities for the bank, it said. This speed is achieved through tokenised securities and funds being on the blockchain, added the bank, allowing it…
Read MoreAlcacor Networks Launches Blockchain-Based Platform Set to Transform Network Marketing
Although at the heart of numerous billion-dollar companies and set to become a $200+ billion industry by 2028 the traditional network marketing model has long suffered from inequitable profit distribution and proven too vulnerable to fraudulent manipulation. Built by a group of seasoned veterans and entrepreneurs, Alcacor addresses these key issues by becoming the first…
Read MoreEXPLAINER: How Blockchain-Based CBDC and Cryptocurrency Are Different
Musk begins laying off Twitter employees; shuts offices temporarily Both the cryptocurrencies and the central bank digital currency (CBDCs) have attracted the interest of millions across India. However, despite their common position as “digital assets”, there are some significant distinctions between the two. Former Finance Secretary S.C. Garg believes that the CBDC will be more…
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