$100M ‘Blockchain Fund’ Launched to Fast-Track Smaller EU Banks
Private equity firm BnL Growth Partners has joined a multi-million dollar fund to facilitate blockchain advances for smaller finance institutions in Europe. BB Fund is a ‘Huge Opportunity’. BnL, formed by ex-specialists from tech giant IND Group, will administer the Banking On the Blockchain (BB) Fund as “lead partner” along with the fund’s creator,....
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ATLANTA, GA – October 13th, 2020. The global fintech platform Ternio, announced today that it has joined Visa’s Fast Track program as a cryptocurrency focused enablement partner. By becoming part of Visa’s Fast Track program, Ternio will be able to make it quicker and easier for fintechs to leverage Visa’s global payments network and introduce new crypto-friendly payment experiences. Ternio’s existing Blockcard platform provides users a seamless way to interact with cryptocurrencies using linked debit cards and bank accounts which can act as an easy on and....
In order to accelerate the growth and advancement of key ventures in Solana’s blockchain ecosystem, five strategic investment funds totaling $100 million have been launched. 5 New Funds Bring $100M According to the company’s press release, the new funding will go toward projects for the Asian market that are being developed on Solana’s blockchain, with […]
A consortium of financial institutions led by startup R3CEV has completed a trial of five different blockchain solutions. The blockchain concepts tests were presented by Eris Industries, Ethereum, IBM, Intel and Chain, according to reports by Reuters and The Wall Street Journal. Preparations began early last month, culminating with the test during the last two weeks of February. Forty banks took part, drawn from the collection of banks that have thrown their support behind the R3-led consortium. A number of those banks have launched trials of their own in addition to the work conducted as....
Visa has added crypto wallet provider ZenGo into its Fast Track program. The startup hopes to launch a debit card in the U.S. in early 2021.
In its quarterly, the IMF examines how Bitcoin and its blockchain technology may end up helping banks, despite being created to help avoid them. In the June 2016 issue of the International Monetary Fund’s magazine, Finance & Development (F&D), it appeared in an article, The Internet of Trust written by Andreas Adriano and Hunter Monroe. The authors explained the trust journey with cash transactions to the impracticality involved in moving large amounts of hard cash around leading to the creation of paper-based, and later, electronic payment systems. Establishing trust. Establishing....