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Ripple Partners with Ria Money Transfer to Power Instant Global Payments
Ria Money Transfer has joined the RippleNet blockchain-based global payments network. Ria is one of the largest payment service providers in the world, With customers in over 155 countries, and $40 billion in money transfer volume per year.
tags: Fintech Blockchain CrossBorder
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Singapore Central Bank Says It ‘Does Not See Much’ in Ripple’s Cryptocurrency
Sopnendu Mohanty, chief fintech officer at the Monetary Authority of Singapore: “We don’t see much in the Ripple bank digital currency, but definitely still a lot of hope that we can remove a lot of inefficiency […] when it comes to cross-border payments.”
tags: Fintech Blockchain CryptoAssets
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OCC official provides more detail on financial innovation pilot
The OCC Innovation Pilot Program would be offered only to OCC-regulated banks that need regulatory guidance on offering an innovative product or service to the market. A bank can partner with a fintech firm in the pilot or the bank can join others in offering a consortium-backed idea. The program is distinctly different from the OCC’s new special-purpose charter that is open to a nonbank fintechs.
tags: Fintech Regulation
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JP Morgan and Microsoft announce strategic partnership to drive enterprise adoption of Quorum
JP Morgan is tapping Microsoft’s Azure cloud-based services to boost its blockchain-based Quorum platform, aiming to make it easier, faster and cheaper for companies to build and deploy blockchain applications.
tags: Fintech Blockchain Quorum
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Facebook Seeks Reported $1 Billion for FB Coin Amid Talks With Visa, MasterCard
Facebook is looking to raise $1 billion for its rumored cryptocurrency stablecoin, the WSJ reports. Facebook was also said to be talking Visa and MasterCard about potential support, along with payment processor First Data Corp.
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Introducing the “exit coin” for the luxury sector | FT Alphaville
While it is true to say that the great ICOmedy festival has died down a fair bit in recent months, it’s not quite over yet. Dressed up in all sorts of new cryptoclothes and abbreviations, the perpetually preposterous initial coin offering lives on.
tags: Fintech CryptoAssets ICOs STOs
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Thai SEC Deputy Secretary: New Regulation Allows for Digital Shares, Tokenized Securities
The Securities and Exchange Act of 2019, in effect since April 17, aims to help Thailand introduce blockchain use in trade and security tokenization. https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=7406&NewsNo=38&NewsYear=2019&Lang=EN
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Bakkt buys crypto asset custody company
Bakkt has acquired crypto custodian, Digital Asset Custody Company, and partnered with custodial bank, BNY Mellon. These developments are part of its strategy to provide a fully regulated, end-to-end crypto asset custody and trading ecosystem for institutional investors.
tags: CryptoAssets Custody Fintech
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US OCC Solicits Public Comment on Proposed Innovation Pilot Program
The US Office of the Comptroller of the Currency proposed an Innovation Pilot Program, designed to provide OCC-supervised entities with regulatory input early in the testing of innovative activities.
tags: Fintech Regulation
Kiffmeister FinTech Daily Digest 05/03/2019
