Bank of America Merchant Services Report Mentions Bitcoin And Blockchain

Blockchain technology, the protocol that underlies Bitcoin, could one day change how consumer card payments are verified. A recent Business Intelligence report has touched upon the subject of Bitcoin as one of the disrupters in the payment processing ecosystem. The report received a special mention in an article concerning Bank of America Merchant Services’ plans to expand into Europe later this year. Bitcoin will Change Payment Behavior. The primary goal for of any merchant services provider is to come up with new ways to make e-commerce more appealing to both consumer and business. This....

America’s oldest bank, the Bank of New York Mellon Corporation, commonly known as BNY Mellon, has announced the financial institution can now custody cryptocurrencies. A report published by the Wall Street Journal on Tuesday, says BNY Mellon was approved by the New York State Department of Financial Services (DFS), and the bank said it was the first of eight financial heavyweights to start crypto asset custody services. BNY Mellon to Start Custody Services for Bitcoin and Ethereum on Behalf of Its Customers Last fall, New York’s financial regulator DFS gave BNY....

Bank of America Corp. has assembled a new team of experts to study cryptocurrencies, led by Alkesh Shah. Bank Of America Puts Together Crypto Team According to a report from Bloomberg on Thursday, Bank of America has formed a cryptocurrency research team in an attempt to profit on the growing interest in the digital asset […]

By forging an alliance with the DECENT initiative, Naughty America is on the right track. An official statement was issued, which mentions how the blockchain can be used to combat piracy. The adult industry is looking at blockchain technology, which may come as a surprise to many people. Naughty America, one of the world’s best-known adult entertainment enterprises, is planning to register its content on the blockchain. To be more precise, they are looking at the DECENT blockchain to do so. An exciting development that may transfer the adult industry forever. Although there has always been....

The Bank of America is developing a trail based on the blockchain for trade finance transactions in an attempt to tap into the applications of blockchain or distributed ledger technology for real world applications. Bank of America has revealed the development of a blockchain-based trial for trade finance, as a part of the financial institution’s foray into pushing for the adoption of the underlying technology that powers Bitcoin. The application of blockchain technology to trade finance is seen to be as a significant leap for an industry that still relies predominantly on manual,....