Blockchain could save financial institutions $10B by 2030: Ripple

Among the 300 finance professionals surveyed across 45 countries, 97% believe that blockchain will play a crucial role in faster payment systems within the next three years.

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Ledger Unveils Tradelink: A Custodial Crypto Trading Platform Tailored for Institutions

On June 28, the crypto hardware wallet manufacturer and security firm Ledger unveiled its latest offering, a digital currency exchange and custodial solution service, specifically tailored for institutions. The new service, known as Tradelink, has been heralded by Ledger as “the first open network to enable custodial trading via exchange and custodial partners.” Ledger Targets [...]

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WeChat Adds Digital Yuan Payment Functionality

WeChat has integrated the digital yuan into its payment services, allowing users to make payments through the platform. The move aims to increase the digital yuan’s appeal and follows a similar integration by Alipay. (Read More)

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Metacade Presale Is Selling Out Fast: MCADE Is Set To Be the Best Metaverse Token in 2023 | Invezz

With metaverse tokens high on the priority list for many crypto investors this year, some have already begun pointing to Metacade as the top choice, given its epic success in presale. In this article, you’ll learn why Metacade has been attracting so much hype, why you should invest in it, and what analysts predict the ... Read more

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Wall Street giant DTCC launches private blockchain platform for faster trades

According to a press release made today, the New York-based post-trade financial services company, The Depository Trust & Clearing Corp. (DTCC), which processes all trades in the US stock market, has launched a private blockchain project called Project Ion aimed at settling trades more quickly for clients.

The DTCC acts as the counterparty for the majority of trades in the US and it supports the entire public securities market.

Project Ion was first created as a pilot program in 2020 before moving to the development phase in September of the same year.

As of now, Project Ion processes an average of more than 100,000 bilateral equity transactions per day in a parallel processing environment using distributed ledger technology. On a peak day, the transactions processed by the blockchain can go to as high as 160,000 transactions per day.

Project Ion is designed to support end-of-day (T+0) settlement cycles leveraging blockchain technology.

At the moment, stock market trades across the stock markets take an average of two days to settle. The Securities and Exchange Commission (SEC) has however proposed speeding the transactions up in February in the wake of the highly volatile meme stock market.

Last year, Robinhood (HOOD) CEO Vlad Tenev said that the introduction of the T+0 settlement would go a long way in preventing volatile markets like AMC Entertainment Holdings Inc (NYSE:AMC) and GameStop Corp (NYSE:GME),.

The DTCC’s blockchain project is however private and permissioned unlike many popular blockchain networks like Ethereum and Bitcoin. DTCC is developing the project in collaboration with the likes of Citi (C), Charles Schwab (SCHW), Barclays (LON:BARC), Citadel Securities, Credit Suisse (CS), BNY Mellon (BK), and software provider R3.

The software provider R3 provided Project Ion with Corda distributed ledger technology (DLT) software.

The post Wall Street giant DTCC launches private blockchain platform for faster trades appeared first on Invezz.

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Wirex adds SEPA and Faster Payments for UK customers

Wirex, a UK-based crypto platform has introduced support for SEPA Instant and Faster Payments, allowing its UK and EEA (European Economic Area) customers access to two new methods to easily deposit to or withdraw from their accounts using GBP and EUR.

According to the platform, the additional top up methods complements the existing credit/debit card use. However, with the SEPA (Single Euro Payments Area) Instant and Faster Payments features, customers have more flexibility and will benefit from instant and no-cost transfers to the Wirex accounts or bank.

Wirex plans to add support for Plaid, another popular deposit and withdrawal method used across the EEA, UK, and US.

With the Wirex app supporting SEPA Instant and Faster Payments, customers have another avenue to make instant transfers, topping up their accounts and wallets to buy crypto.

Users can hold the crypto assets or use the intuitive app to exchange/sell. The app also allows customers to spend directly at more than 80 million locations where the Wirex Mastercard is accepted.

Pavel Matveev and Dmitry Lazarichev co-founded Wirex in 2014, the core objective being to make access to crypto and its use in daily life easy.

The platform, which currently offers its services across 130 countries, serves more than 5 million users. It provides access to over 150 crypto and traditional currencies and has a Wirex card, wallet, and utility token WXT.Earlier this year, Wirex announced integration with Avalanche (AVAX/USD), allowing millions of its customers to access the blockchain ecosystem via the Wirex Wallet and app.

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Mexican Food Chain Chipotle to Accept Crypto Payments in U.S. Restaurants

Spicing up your life with crypto has never been easier.

Continue reading Mexican Food Chain Chipotle to Accept Crypto Payments in U.S. Restaurants at DailyCoin.com.

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Taco tokens: Chipotle adds crypto payments via Flexa

Nearly 3,000 Chipotle restaurants across the U.S. will accept 98 cryptocurrencies as the Mexican-style fast food chain partners with Flexa to support crypto payments.

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OpenEthereum support ends with the Merge fast approaching

“The usefulness has run its course,” the OpenEthereum team wrote regarding its popular software, “we look forward to the next phase of clean, green and massively scalable blockchain infrastructure.”

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Lavu & Verifone Team up to Allow Crypto Payments in Restaurants Across 65 Countries

The restaurant customers will be able to choose from Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Dogecoin (DOGE) and stablecoins Tether (USDT) and USD Coin (USDC).

Continue reading Lavu & Verifone Team up to Allow Crypto Payments in Restaurants Across 65 Countries at DailyCoin.com.

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Turkey's second wave of major crypto interest: Bitfinex, Coinbase and KuCoin ramp up

Crypto thought leaders from major exchanges share insights and analysis on Turkey's burgeoning cryptocurrency landscape.

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Nifty News: Collector spends $488K minting Tubby Cats, NFT vending machine

The floor price of Lana Rhoades NFT project has dropped 96.1% while a 24/7 Solana NFT vending machine was officially launched in New York this week.

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Popular Meme Coin, Shiba Inu Has Opened its Own Fast Food Chain

Shiba Inu continues its march to increase the use cases and utility of SHIB, taking its first step into the real world by launching its own food chain.

Continue reading Popular Meme Coin, Shiba Inu Has Opened its Own Fast Food Chain at DailyCoin.com.

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Solana Pay launches to expand crypto e-commerce market

The platform is working alongside popular payments firm Circle to support the adoption of USDC, among other assets, throughout the traditional markets.

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Bored Breakfast Club Partners With Yes Plz Coffee to Establish the First NFT Coffee Subscription, Enabling Free Shipments of Coffee Worldwide for Members

Bored Breakfast Club is a collection of 5,000 NFT breakfast scenes living on the Ethereum blockchain as an ERC-721 token.

Continue reading Bored Breakfast Club Partners With Yes Plz Coffee to Establish the First NFT Coffee Subscription, Enabling Free Shipments of Coffee Worldwide for Members at DailyCoin.com.

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ChickenFast: Reliable and Advanced Cloud Mining Service Provider

ChickenFast is an easy-to-use Bitcoin cloud mining service. In other words, it is a cloud-based Bitcoin mining cluster. It employs

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ChickenFast — Cloud Mining Made Simple and Accessible

Investors will need 60 seconds to get started with crypto mining. All thanks to ChickenFast. The cloud mining platform with

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US Consumer Prices See Fastest Rise in Close to 40 Years – Economics Bitcoin News

The consumer price index (CPI) data released Friday by the U.S. Bureau of Labor Statistics show prices in the United States climbed 6.8% in November compared to 12 months ago. It’s the largest rise in close to forty years, and U.S. policymakers are backing away fast from saying inflation is transitory. Inflation Accelerates in the […]

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Bitcoin Broker FastBitcoins Reboots, Enters Brazilian Market

The ‘world’s local bitcoin company’ has revamped its brand design, added new features, and penetrated the Brazilian market.

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CHICKENFAST.com – New generation of cloud mining systems

Initially, I planned to review several mining services, but my attention was drawn to an unusual project that simply surprised

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