JPMorgan’s interest in blockchain technology received a great deal of press back in February of this year, when we reported that it would be “the first major bank to embrace the crypto revolution in a significant way by issuing its own proprietary stablecoin to speed up cross-border payments and gain other operating efficiencies, as well”.…
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MoneyGram International, Inc. (NASDAQ:MGI) will team up with Visa Inc. (NYSE:V) to enhance its person-to-person (P2P) debit card deposit service internationally. The pilot program will initially focus on payments to Spain and to the Philippines. Plans are to expand to other jurisdictions soon thereafter. MoneyGram, like its direct competitor Western Union, has always tried to…
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Paysafe’s digital wallet, Skrill, has announced earlier this week that its clients can now use bitcoin to buy other cryptocurrencies using the Skrill Cryptocurrency Service, enabling quicker and more efficient cryptocurrency transactions. Skrill's customers will no longer have to convert their interests in one cryptocurrency back into fiat currencies before purchasing an interest in a new…
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For veterans of the payment industry, it is beginning to be “Déjà vu” all over again. In the early days of Visa and Mastercard, back in the seventies, there were ongoing payment wars between the two U.S.-based card associations and banks in Europe, which preferred their home-grown services, dubbed EuroCheque and Europay at the time,…
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NIUM, a digital payments platform formerly branded as InstaReM and based in Singapore, has announced that it will be supporting Frente Corretora de Câmbio, a foreign exchange broker in Brazil, in its plans to expand its cross-border payments business. The significance of the announcement is that NIUM is also a member of RippleNet, and its…
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Alphabet Inc's Google just announced that it will start offering personal checking accounts in 2020 via its Google Pay application, a project supported by Citigroup and a credit union at Stanford University. The information comes from Reuters. The project is named Cache and is a direct rival to Apple and Facebook, two giants who are…
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We live in a digital age, where the ability to send instant messages resides in our hands via our various smart phones and smart devices. The mechanism rests in the coding of a variety of “apps” on the market. This apps market is highly competitive. You need only conduct a simple Internet search to arrive…
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Two payment powerhouses have signed a letter of intent to expand crypto acceptance at merchants and businesses in Switzerland, both at retail Point-of-Sale devices, as well as at online website portals. Bitcoin Suisse has been developing the crypto market in Switzerland since 2013, while Worldline has become the leading payment and transactional service provider across…
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The Monetary Authority of Singapore (MAS) has partnered with JPMorgan to create a blockchain-based prototype for multi-currency payments. The information came from an official release from MAS, where Singapore's central bank states that the most current development on the Project Ubin is that users will be able to make payments in different currencies on the very…
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The Stock Exchange of Thailand (SET) has announced that it will scale up its capital market payment service by allowing securities trading payment between accounts at different banks. As of today, November 11, the new service will mitigate risks in the payment system and improve the efficiency of the process between the capital market and…
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