The Standard About to Revolutionize Payments
Changing the standard way financial institutions communicate changes everything.
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Gem partners with Thales e-Security. Bitcoin startup Gem, that provides a scalable API for bitcoin developers, has revealed to CCN a security enhancement that may be significant for the future of Bitcoin security. The company announced the inclusion of Custom Hardware Security Modules produced by Thales e-Security, as part of their standard multi-sig bitcoin wallet. Multi-sig wallets have become the standard for Bitcoin wallet security. A multi-sig wallet is associated with several private keys, making it more secure. Gem's inclusion of the Hardware Security Modules or HSMs, is bound to....
The Perth Heat is setting Bitcoin as the new standard for all payments and payouts, the club said in a statement.
Stealth payments are a technique for protecting the privacy of recipients in a Bitcoin Transaction. So-called "standard" transactions are pseudonymous. ECDSA key pairs abstract the identity of users. No mechanism exists to hide or encrypt standard transaction information in the block chain. With stealth payments the exception, full transaction history is available for every Bitcoin address. A service like Blockchain.info is able to calculate balances this way. Conceptualized for Bitcoin by Peter Todd, but first mentioned in ByteCoin, Stealth Transactions enable stealth payments. The data....
Tapping blockchain technology, London-based multinational banking and financial institution Standard Chartered has announced the completion of its first cross-border real-time payment. Standard Chartered is the latest bank to successfully implement a blockchain solution for the payments. As with many banks pulling off the feat for business transactions, Standard Chartered used Fintech startup Ripple’s enterprise blockchain platform. In this endeavor, the pilot saw a transaction ping over to an unnamed “major correspondent bank” to see the transaction complete in less than 10 seconds. This....
The regulated Swiss bank said it is working on developing a standard for cryptocurrency payments between members of the OpenVASP association.