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Retail giant 'Target' becomes targeted victim of Bitcoin scam - Bitcoin price tumbles more than 11%

FxWirePro: Expect Bitcoin’s value to decline more than 40 percent by 2020

Cryptocurrency Brief: Bitcoin plunges to fresh 2018 low on panic sell-off, world's first crypto ETF to be listed on SIX Swiss Exchange, BCH hard fork adds to investors’ pessimism – Monday, November 19

Top executives’ notions on Elon Musk’s twitter rampant over cryptocurrency scams

FxWirePro: eToro on 10th anniversary of bitcoin – BTC/USD bearish patterns pops-up at descending triangle resistance

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Achieve Triangular Arbitrage between XRP/BTC/ETH/USD

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BCH/USD bullish rout surpasses DMAs and EMAs, but halts at major hurdle ahead of hard-fork

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Cryptocurrency Brief: Bitcoin continues range-bound trading, UK’s FCA to consider ban on sale of cryptocurrency-based derivatives - Tuesday, October 30th, 2018

FxWirePro: Shooting star hampers BCH/USD consolidation, bears drag 2-week’s lows ahead of hard fork

Thai SEC to approve more crypto-exchanges

UK FCA reckons Crypto-Derivatives yet to play with a full deck, ponders to forbid amid skirmish underlying trend

eToro first to list BNB coin despite lingering pessimism

EconoTimes

Blockchain Revolution Series

Japanese Fukui Bank joins blockchain consortium of SBI Ripple Asia

Wednesday, December 28, 2016 10:52 AM UTC
0
comments

SBI Holdings has announced that Japan-based Fukui Bank has recently joined the consortium of SBI Ripple Asia.

Earlier in February, SBI Holdings struck a multinational deal with Ripple, distributed ledger technology provider, to create a new company ‘SBI Ripple Asia’, in order to meet growing demand for Ripple solutions across Asia. 

With growing cross-border e-commerce, the need for foreign exchange in Japan has increased manifold. This rise in demand has highlighted the need for real-time settlement systems.

The consortium uses innovative technologies such as blockchain and promotes the domestic currency and foreign exchange, aiming to build a real-time remittance infrastructure.

According to the official announcement, the number of participating financial institutions in the consortium has reached 43 with the addition of Fukui Bank. The consortium is currently discussing both technical and operational aspects of the foreign exchange market in Japan and expects to complete trials by March 2017 for commercial use.

The consortium is accepting the registration of financial institutions continuously and expects the number of participating financial institutions to increase.

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Economics Monitor

November 19 11:30 UTC Released

CLGDP QQ

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0.3 %

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