Why Regulation is Pushing Bank of Ireland Toward Blockchain
While recent headlines have trumpeted the work of ever-expanding consortiums of global banking giants, somewhat lost in the conversation are the smaller, regional banks that are increasingly investing resources to conduct blockchain projects. For example, Bank of Ireland, one of the country’s so-called ‘Big Four’ banks, recently unveiled a trial focused on trade reporting in partnership with professional services firm Deloitte. Involving the bank’s Global Markets division, the trial, which began in January, sought to establish a reporting mechanism, based on blockchain, for the entire....
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This is another clear example of why users should not keep their funds in a bank account. Holding cash is becoming a less favourable option for many customers around the world. Charging fees on cash deposits is becoming the new norm in Germany, and more of them will follow in the coming months. So far, two more banks have taken this route, including the Bank of Ireland and Ulster Bank It looks like the negative interest rates will be passed on to customers who make cash deposits. It was only a matter of time until the negative interest rates would be passed on to the customers. Not only....
The Blockchain Association of Ireland is to officially launch on December 14 in the country as it attempts to establish the country as a global hub for FinTech, according to a report from The Irish Times. As more companies and individuals realize the potential that blockchain can produce, more are turning their attention to it. It’s already making its presence known in healthcare, financial institutions, and land registry. However, in a bid to keep up in the blockchain race, the Blockchain Association of Ireland has been developed to aid groups in Ireland in areas relating to smart....
The Central Bank of Ireland has provided regulatory approval to Gemini, a cryptocurrency exchange. Gemini will now be able to extend crypto services in Ireland. The exchange is situated in Ireland (Dublin), it established its headquarters there in the year 2021. After a thorough review of the security and compliance programmes, this license was granted […]
BitVendo's bitcoin ATM has now been fully installed in GSM Solutions, and is due to launch this Thursday at 10am. Ireland's first bitcoin ATM company suffered a setback yesterday as the Bank of Ireland rejected their application for a bank account. In addition, the Dublin cafe where Ireland's first ATM was due to be installed pulled out citing "complications" in hosting the machine. BitVendo, an Irish bitcoin ATM provider, had intended to launch their first ATM at Hippety's Café this week, but have now relocated to a nearby electronics store GSM Solutions, where they had been testing the....