Mitsubishi Corporation Testing Ripple (XRP) Ledger Protocol For Cross Border Remittance Mitsubishi UFJ Financial Group (MUFG) and Mitsubishi Corporation have announced intention to use Ripple (XRP) distributed ledger technology to demonstrate international remittance. The cross-border settlement according to Mitsubishi reduces the cost and time of transaction settlement. In the remittance...
German Online Bank Chooses Bitcoin Over SWIFT for International Loans
German Online Bank Bitbond Chooses Bitcoin Over SWIFT for International Loans Bitbond, an online German bank founded by Radoslav Albrecht, has been using bitcoin, the flagship cryptocurrency, to transfer loans throughout the world in a fast, safe, and cost-efficient way.According to a report published by Reuters, the financial institution has...
Amazon & Microsoft’s Move to Blockchain: Centralized Companies Into Decentralized Ecosystem
Amazon & Microsoft’s Move to Blockchain: Centralized Companies Into Decentralized Ecosystem Bitcoin, and the idea of digital cash, has taken hold of the banking sector as banks and financial institutions start to experiment internally with blockchains and cryptocurrencies in order to be at the forefront of these technologies. This, coupled...
Bitcoin [BTC] now can be used as a legal tender for gambling on horses
Bitcoin [BTC] now can be used as a legal tender for gambling on horses On Saturday, May 5th of 2018, Kentucky Derby which is the 144th annual Kentucky Derby is scheduled to take place in Louisville, Kentucky. The field is open to 20 horses, with a purse of $2 million. At the end...
How Long Will It Be Until Bitcoin Replaces Cold Hard Cash?
How Long Will It Be Until Bitcoin Replaces Cold Hard Cash? Bitcoin is back in the news in a big way. The world’s largest cryptocurrency neared $10,000 last week, meeting strong 200-day moving average resistance of around $9,800. Also last week, the 17 millionth bitcoin was mined. Remember, the crypto...