Blog Archives

Major Banks Ban Bitcoin Purchases Through Credit Cards

Posted on 5th February, 2018

Late last week, Bank of America and JPMorgan Chase announced that they would no longer allow customers to purchase bitcoin (and other cryptocurrencies) through their credit cards. The banks cited the collapsing price of bitcoin, and the growing credit risk associated with such purchases, in their decision. Over the weekend, Citigroup, Capital One and Discover […]

Ripple Announces Partnership With MoneyGram

Posted on 12th January, 2018

Yesterday, Dallas-based money transfer company MoneyGram announced a new partnership with San Francisco-based cryptocurrency company Ripple (formerly Ripple Labs). The partnership will allow MoneyGram to test a new, cryptocurrency-based approach to processing international transfers, and is aimed at reducing the high costs for moving money across borders. Given the steady rise of the global remittance […]

Swiss Banking Giant UBS To Launch New Ethereum-Powered Platform For Banks

Posted on 11th December, 2017

While it might not have the headline-grabbing appeal of bitcoin’s recent price surge, a new Ethereum-powered bank-to-bank data-checking platform may just be the start of a major innovation in blockchain technology. Swiss financial services giant UBS recently announced the project, known as Madrec (Massive Autonomous Distributed Reconciliation platform), which aims to streamline data verification processes […]

Blockchain Review

Posted on 8th December, 2017

      Blockchain is a transformational technology with the potential to extend digital transformation beyond a company’s walls and into the processes it shares with suppliers, customers, and partners. At its core, a blockchain is a data structure that’s used to create a digital transaction ledger that, instead of resting with a single provider, is shared […]

Two U.S. banks to test Ripple protocol

Posted on 24th September, 2014

Ripple Labs announced today that their bitcoin-friendly alt-coin system will soon be offered to the customers of two small U.S. banks. The Ripple system is part of a new low-cost, real-time international payments service offered by CBW Bank of Topeka, Kansas, and Cross River Bank of Teaneck, New Jersey. The integration is the first time […]

Banking access severed for bitcoin companies on Isle of Man

Posted on 16th September, 2014

Bitcoin startups on the self-governing British possession of Isle of Man have a major new issue to overcome: Banking access. CoinDesk reports that Capital Treasury Services (CTS), the major financial services connector between Mann’s rapidly growing digital currency industry and banks on the British mainland, has been severed. CTS is a subsidiary of Capital International […]

Banking giant Capital One advertises for data scientist with bitcoin knowledge

Posted on 9th June, 2014

Banking technology is changing at a never-before-seen pace, and it’s hardly surprising for a massive bank holding company like Capital One to advertise a position for a data scientist focused on emerging technologies. Even a company with over $286 billion in assets needs to keep on top of the trends, after all. What may be […]

Fidor Bank partners with bitcoin-payment processor BIPS

Posted on 27th May, 2014

Online financial-services provider Fidor Bank announced a new partnership with European bitcoin payment processor BIPS, further increasing it’s “peer-to-peer banking” network. Earlier this month, Fidor announced it would be integrating the decentralized, “currency agnostic” trustless exchange system developed by Ripple Labs, but the BIPS partnership is the first true cryptocurrency connection for the Germany-based bank. […]

Fidor Bank integrates with Ripple’s payment protocol

Posted on 5th May, 2014

Currency agnostic crypto-payments system Ripple announced a partnership with Munich-based internet bank Fidor Bank AG today. The San Francisco payment network provider will supply Fidor with support for its cutting-edge payment protocol, which is fully compatible with bitcoin, alt-coins and fiat currencies. Fidor is no stranger to the cryptocurrency community, partnering with virtual currency exchange […]

Report: Economists consider the merits of “banning” the banks

Posted on 28th April, 2014

There is little serious debate that the modern banking industry bears little resemblance to its historical origins. Although the popular conception of banks is that they hold customer funds and issue loans from those deposits, the reality is that modern banks are in a very different business. Today’s banks are mostly in the business of […]