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Bakkt Clients Can Start Warehouse Deposits on Sept. 6
Crypto trading platform Bakkt’s Bakkt Warehouse will begin offering storage of customer’s Bitcoin on September 6, weeks before the scheduled launch of its platform for daily and monthly crypto futures in the United States on Sept. 23.
tags: Fintech CryptoAssets Bitcoin Futures Custody
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Carstens warns of ‘serious consequences’ from retail CBDC
The Bank for International Settlements’ Agustín Carstens has expressed concern over the use of retail central bank digital currencies (CBDC), suggesting a wholesale option might be a better approach.
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Results of the SNB Survey on Digitalisation and Fintech at Swiss Banks
In the longer term, Swiss banks envisage themselves continuing to play a central role in financial intermediation, albeit amid heightened competition and significant digitalisation of financial services. In certain segments, such as payments and corporate lending, bigtechs and digital banks could emerge as important competitors for banks. By contrast, fintechs are seen more as partners given their modest size and specialised focus. At the strategic level, the banks are seeking to bring their existing business models to a high level of digital maturity with the aim of cutting costs and retaining their attractiveness to customers
tags: Fintech
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Process Improvement and Blockchain: A Payments Example
This ‘lost payments’ problem was the problem we set out to solve when we built the Corda Settler. And I was reminded about this when I overheard some colleagues discussing it the other day. One of them wondered why we don’t include the recipient of a payment in the set of parties that must agree that a payment has actually been made. Isn’t that kinda a bit of an oversight?!
tags: Blockchain Plumbing R3 Fintech Corda
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Alibaba, Tencent, Five Others To Receive First Chinese Government Cryptocurrency
China’s central bank will launch a state-backed cryptocurrency and issue it to seven institutions in the coming months, according to a former employee of one of the institutions who is now an independent researcher.
tags: Fintech AltCoins CryptoAssets CBDC
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Telegram Pushes Ahead With Plans for ‘Gram’ Cryptocurrency
Telegram has said the new digital money will operate with a decentralized structure similar to Bitcoin, so that Telegram will have no control over how and where the coins can move.
tags: Facebook Fintech Stablecoins CryptoAssets AltCoins Telegram
Kiffmeister’s Fintech Daily Digest 08/28/2019
