Blockchain

Payments

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News
Bank of England to Open New Payment System to Blockchain Users

The Bank of England is executing a complete overhaul of its interbank payment system, and officials have now confirmed that it will open the network to fintech firms that process transactions across a blockchain network. The British central bank on Monday published a report evaluating its recent Proof-of-Concept (PoC) with several firms... Read More

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News
Singapore to Speed Up Blockchain Patent Approvals

Singapore’s Intellectual Property Office announced an initiative to expedite the patent-granting process for fintech-related applications such as blockchain-based payments. According to a statement from the Office, the FinTech Fast Track initiative seeks to shorten that process from about two years to as little as six months. The program was announced... Read More

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News
Mastercard Is Hiring More Blockchain Developers

Payment giant Mastercard announced Thursday that it was hiring 175 new technology developers, including blockchain specialists. The developers will work out of Mastercard’s office in Leopardstown, Ireland, where the firm’s research and development arm, Mastercard Labs, is headquartered. The new hires will work on creating more efficient payment systems, according... Read More

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News
Bank of England To Test Blockchain Features For New Payment System

The Bank of England is undertaking a proof-of-concept (PoC) to understand how the renewed Real Time Gross Settlement (RTGS) service could be capable of interacting with Distributed Ledger Technology (DLT), according to the bank’s statement on March 27. Real Time Gross Settlement systems are special payment systems where the transfer... Read More

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News
American Express Patent Filing Touts Blockchain for Faster Payments

Global payment giant American Express may be looking into using blockchain to boost the speed of transactions. In a patent application released by the U.S. Patent and Trademark Office on Thursday, the credit card company’s travel arm – the American Express Travel Related Services Company – describes using the tech... Read More

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News
Sweden to Use Blockchain Technology for Property Transaction

Blockchain technology is being used everywhere around the world in many different fields. Sweden’s land-ownership authority will use blockchain technology in order to conduct a property transaction. According to the Wall Street Journal, the government has been testing the technology for a period of two years. Sweden’s Blockchain Property Transaction... Read More

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Editorial
How Blockchain Can Really Impact Real Estate Investing

If you search the internet for the “top five ways that blockchain will impact X, Y or Z,” you will surely be offered the same results over and over again. Removing a central authority, speed, trust — all of these blockchain benefits also apply to real estate. In real estate,... Read More

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News
Blockchain Offers an Advantage for State Government, Experts Say

Bitcoin, cryptocurrencies or blockchain might elicit thoughts of illegal deals or a financial bubble centered on fake digital money. But, according to experts speaking to Illinois House members at a hearing on Tuesday, the technology behind Bitcoin could help make government more efficient. Bitcoin, the digital currency, uses a digital... Read More

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News
StarbucksCoin? Exec Says Coffee Seller Will ‘Probably’ Use Blockchain

Starbucks is likely to utilize blockchain technology as part of a new payments app, executive chairman Howard Shultz said Tuesday. Speaking with Maria Bartiromo during a Fox Business segment, Schultz discussed the use of a “proprietary digital currency” in conjunction with the payments app. When asked whether the coffee retailer would... Read More