Two of Russia’s largest Banks are piloting cryptocurrency portfolios for their clients, the Kommersant Newspaper reported on Friday. Under the guidance of Bank of Russia, SberBank and Alfa Bank will…
Blockchain Can Reduce Costs For Banks
According to a recent study by major global consulting firm Bain & Company, blockchain technology has the potential to revolutionize banking industry. According to Bain & Company, transaction banking revenues…
Banking Group of South Korea to Launch Blockchain
South Korea is finally entering the blockchain market. Some of South Korea’s commercial banks have decided to launch a blockchain-powered customer ID verification platform in July 2018, according to local…
No Crypto Purchases With US Bank Credit Cards
A report by Fortune on June 11th said that the San Francisco based bank, Wells Fargo has announced that they will no longer allow the customers to trade in cryptocurrencies…
Ethereum-Based Payments Trial Succeeds in South Africa
The South African Reserve Bank’s Project Khokha has turned out to be a striking success. The project itself is a proof-of-concept trial to replicate interbank payments and settlements on an…