Commonwealth Bank of Australia: Bitcoin is Overstated
The CEO of Commonwealth Bank of Australia recently spoke about the importance of innovation in the banking industry and how Bitcoin technology may grow to disrupt the industry in the future. The evolution of Bitcoin technology from being just a ledger to the next big innovation in the fintech sector has waken up the finance giants. Banking majors like the Commonwealth Bank of Australia (ASX:CBA) have come to realize the importance of constant innovation, and how it may affect the long time survival of the institution. The banking sector has been dependent on legacy systems for too long.....
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The Commonwealth Bank of Australia is on the verge of becoming one of the first banking institutions in the world to use the Ripple network. The plas to adopt Ripple network for payment settlements between its subsidiaries was announced by David Whiteing, the Chief Information Officer of Commonwealth Bank of Australia. He was speaking at an even hosted by AIIA (Australian Information Industry Association). With this announcement, the Sydney based bank has surpassed its rivals in London, Hong Kong and New York to become the first one to make use of a digital currency network. Some of the....
The Commonwealth Bank of Australia (CBA), the country’s biggest bank, is providing customers with the ability to buy, sell, and hold crypto assets directly through its app. The bank has partnered with crypto exchange Gemini and blockchain analytics firm Chainalysis to provide crypto services.
Commonwealth Bank Begins Offering Crypto Services
Commonwealth Bank (CBA), also known as Commbank, announced Wednesday that “it will become Australia’s first bank to offer customers the ability to buy, sell and hold crypto assets,” which will be directly through....
The CEO of Commonwealth Bank of Australia (CBA), the country’s largest bank, sees big risks in not participating in cryptocurrency. “We see risks in participating, but we see bigger risks in not participating,” he explained.
Crypto FOMO, Banks Need to Get Involved, Says CEO of Commonwealth Bank
Commonwealth Bank of Australia CEO Matt Comyn talked about the fear of missing out (FOMO) when it comes to bitcoin and cryptocurrency in an interview with Bloomberg Television in Sydney Thursday. Commonwealth Bank, or Commbank, is an Australian multinational bank with....
The Commonwealth Bank of Australia (CBA) plans to begin using the Ripple network to settle payments between its subsidiaries soon. Commonwealth Bank chief information officer David Whiteing revealed the large bank's interest in Ripple technology yesterday during a speech at an event hosted by the Australian Information Industry Association (AIIA). Technology news outlet CIO reported Whiteing said, "Bitcoin is a protocol which is now being replicated by non-asset based vendors like Ripple and others. We absolutely see that's where it's going to go. The bank has a role to play in that." "As....
The Commonwealth Bank of Australia will host a two-day blockchain conference in Sydney next month in an attempt to explore the technology's potential. According to a Computerworld report, the bank - which recently partnered with distributed ledger startup R3CEV and has experimented with Ripple's technology - has teamed up with Coala, a research organisation which had already organised an international series of blockchain events. David Whiteing, CIO at Commonwealth Bank, said: "Blockchain has the potential to transform banking in the way that the Internet transformed how we buy music and....