JPMorgan to Launch Blockchain-Based Deposit Token
JPMorgan is set to make a big splash in the digital finance space with its new blockchain-based deposit token. The token, awaiting U.S. regulators’ approval, will enable faster and cheaper cross-border transactions among banks and other entities. JPMorgan will back the new token with U.S. dollars and issue it on a blockchain platform. The new […]
Experts Announce Revolutionary Tokenized Asset Coalition
Today, many prominent figures in asset tokenization announced the creation of an association to advance its progress. The Tokenized Asset Coalition (TAC) has been established by seven pioneers in decentralized finance (DeFi). This newly formed advocacy organization, as announced on September 7th, is dedicated to promoting the widespread adoption of public blockchains, asset tokenization, and […]
Bank of China Mandates Retail Digital Yuan Payments
Using QR codes, e-commerce platforms now have the potential to include Central Bank Digital Currencies (CBDC) into their own operating systems in the near future. Changchun Mu, the Director of the Digital Currency Research Institute of the People’s Bank of China, emphasized in a speech delivered on September 3 that as China’s central bank digital […]
Taiwan Mobile Mulls Crypto Deals Ahead of New Rules
Taiwan Mobile Co. is reportedly in early talks with local crypto platforms, including XREX Inc., for potential collaborations or investments as Taiwan prepares to issue new rules for digital assets. Taiwan Mobile Co., a prominent telecom service provider in Taiwan, is exploring opportunities for collaboration with local crypto platforms as the island’s regulatory landscape for […]
Google Cloud Teams Up with Voltage to Boost Bitcoin Lightning Usage
Voltage, a Bitcoin Lightning infrastructure provider, has partnered with Google Cloud to expand its hosting capacity and locations worldwide and to facilitate faster and cheaper cross-border payments. By establishing payment channels between two parties, Bitcoin Lightning enables unlimited transactions that only require the first and last transaction to be recorded on the blockchain. Bitcoin Lightning […]