The biggest bank by market capitalization in Thailand, Kasikornbank, has become the first financial institution in the Southeast Asian country to get on board the Visa B2B Connect platform. Designed to enable fast and secure cross-border payments between businesses using blockchain technology, the platform relies on a permissioned private blockchain architecture which is operated by global financial services firm, Visa Inc. According to Visa Thailand’s country manager, Suripong Tantiyanon, the B2B Connect platform makes extensive use of the core capabilities of the global financial services company in governance, security and distributed ledger technology, per The Nation. “Building on the enterprise […]
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The beginning of September saw a shift in the mainstream financial approach to cryptocurrencies which could have a significant impact as time goes on. Late in August, Yahoo Finance announced that it would incorporate bitcoin, ethereum, and litecoin trading on its platform, according to Coin Telegraph. Prior to that, the platform offered statistics only. Currently, it also offers statistics on altcoins like bitcoin cash, ethereum classic, and EOS, although the trading capacity is limited to the prominent coins mentioned above. This development was heralded by some in the digital currency community as a crucial step toward the mainstream financial world’s adoption […]
A new from Forrester Research says the buzz around blockchain, a technology that creates tamper-proof records across multiple computers, is so over-hyped that some companies are dropping the word altogether. According to Forrester, firms are ditching the b-word in favor of “DLT,” which is shorthand for distributed ledger technology—a more descriptive, if less catchy, term. The report comes at a time when blockchain marketing is everywhere, including during the recent World Series, when IBM touted its blockchain services in TV commercials. While blockchain is an important new technology, some firms are over-hyping its usefulness or simply repackaging existing services—a practice […]
There are so many cryptocurrencies now it’s hard to keep them straight. Bitcoin was the first cryptocurrency, which went live around 2009. Bitcoin uses blockchain technology to transact as an open source community network, without an official leader or administrator. So far it is the most widespread, most secure and has the most diverse participants out of all the cryptocurrencies. According to CoinMarketCap, by Monday bitcoin’s global market cap was worth more than $247 billion. It is possible to argue and are the two altcoins, aka alternative coins, that are most similar to bitcoin. They have grassroots contributors that cooperate with nonprofit […]