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Blockchain Makes Inroads Into the Stock Market’s $1 Trillion Plumbing System
“The SEC has put significant limits on Paxos’s experiment. Only about 140 of the most actively traded, least volatile stocks, like Exxon Mobil Corp. and Bank of America Corp. , are eligible for the project. The number of trades Paxos can settle will also be capped at 1% of average daily trading volume of those stocks, according to the SEC’s letter.”
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Paxos Gets SEC Nod to Use Blockchain to Settle Stock Trades
Paxos Trust, a blockchain company that caters to financial institutions, has been given the green light to settle stock trades in near real-time in a direct threat to the Depository Trust & Clearing Corp.’s half-century equity market dominance.
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MoneyGram processes 10% of US-Mexico transactions via Ripple solution that uses XRP
MoneyGram processes 10% of its transactions between the U.S. and Mexican corridor via Ripple’s payments solution On-Demand Liquidity (ODL) that leverages XRP cryptocurrency.
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Digitalisation makes payments easier, but also creates risks that need to be managed. The Riksbank therefore needs to keep up with developments and modernise both the central bank money and the Riksbank’s systems.
tags: Fintech PaymentSystems
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Another crypto derivatives exchange wins CFTC nod to offer physically-settled bitcoin swaps
“The U.S. CFTC gave the green light to another Swap Execution Facility operated by crypto-asset startup Tassat, following SeedCX’s and LedgerX’s SEF registrations.
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RippleNet Growth: Announcing More Than 300 Customers
Ripple has surpassed 300 customers and announced On-Demand Liquidity (ODL, formerly known as xRapid), leveraging XRP to eliminate pre-funding in cross-border payments.
tags: Fintech CryptoAssets Blockchain Ripple
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Russian developers will ensure the turnover of electronic currency of Tunisia
The Tunisia CBDC will be issued using a platform created by Russian developers – Universa Blockchain – who will receive a percentage from each electronic transaction.
tags: Fintech CryptoAssets CBDC Stablecoins
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Bitfinex – Tether Response to Flawed Paper by Griffin and Shams
To obtain publication, Griffin and Shams have released a weakened yet equally flawed version of their prior article. The revised paper is a watered-down and embarrassing walk-back of its predecessor that still suffers from the same methodological defects, coupled with the clumsy assertion that one lone whale may be responsible for the rise of bitcoin in 2017.
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Tunisia issues electronic central bank currency E-Dinar
Beware, lots of inaccuracies here!
tags: Fintech CBDC CryptoAssets
Kiffmeister’s Fintech Daily Digest 11/08/2019
