Is Blockchain a Better Payments Rail? Panelists Divided at Consensus 2016
Distributed ledgers are often referred to as a new database technology, but could they come to replace existing payments rails? The subject was the center of discussion among Julio Faura of Spanish megabank Santander; Marwan Forzley of blockchain payments startup Align Commerce; Gys Gyman of global consultancy Deloitte; Chris Larsen of distributed ledger leader Ripple; and Elizabeth Rossiello of bitcoin payments startup BitPesa today, the group representing a mix of financial incumbents and startups. Chief among the discussion points was defining current challenges in existing payment....
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Align Commerce recently made headlines at Money 2020 in Las Vegas when their CEO, Marwan Forzley, spoke at one of their panel discussions about cross-border invoicing using the blockchain technology as a transport rail. CoinTelegraph sat down with him afterwards to talk more about this new settlement rail and his thoughts on its future in the financial services market. CoinTelegraph: First, for those who don’t know, what is a payment rail? Marwan Forzley: A payment rail is a payment platform or a payment network that moves money from one entity (a payer) to another (a payee). The payer or....
Held one week ago in New York City, CoinDesk's Consensus 2016 blockchain conference brought together speakers from all over the world to unveil new products, discuss the major issues of the day and begin to help plotting a course forward for the future of the industry. The biggest moments? From Delaware Governor Jack Markell's announcement that his state is to seek a legal classification for blockchain shares to 21 Inc CEO Balaji Srinivasan’s unveiling of a major software suite aimed at creating a bitcoin-based economy, Consensus 2016 saw its fair share of big ideas – and those pitching....
Digital currency was the first application of blockchain technology – so it only makes sense that banks were among the first institutions to look into other applications. But as those same institutions pursue blockchain trials and proofs-of-concept focused on finance, both startups and established companies are setting their gaze beyond the world of banking. Speaking at today's Consensus 2016 blockchain conference in New York, leaders from those firms, alongside legacy players looking to build new products for their clients, painted a broad portrait of how distributed ledgers are....
CoinDesk’s Consensus 2016 conference kicks off Monday for three days of blockchain technology discussion, promising a wide array of engaging panelists, industry power-brokers and groundbreaking announcements, presentations and more. While three days of conference can be a lot to take in, there are some moments set to take place next week that attendees simply must not miss. CoinDesk takes a look at some of these must-see moments to come: Can you say polar opposites? One is the CEO of a $121m Silicon Valley bitcoin company, the other is the head of the blockchain consortium representing....
Two global banking leaders, a banking consortium and a newly minted limited-purpose trust company gathered onstage at the Consensus 2016 conference in New York City to discuss the future of blockchain technology among global financial institutions. Moderated by business editor of The Economist Matthew Bishop, he lead the panel by proposing three possible futures of blockchain technology and asking the panelists to weigh in on the distributed ledger’s fate. Bishop indicated he believes blockchain could either "get rid of a lot of intermediaries", lead to incumbents owning the....