Santander bank trials blockchain platform for used cars in Brazil
Santander Brasil is also reportedly planning to launch crypto trading services to its customers, CEO Mario Leao announced in July. Major global bank Santander continues exploring the benefits of blockchain technology, with a local branch implementing blockchain for vehicle trading and car registration.Santander Brasil has launched testing of a blockchain-based tokenization platform for transferring ownership of used cars in Brazil, Cointelegraph Brasil reported on Oct. 19.The platform is designed to automate the process of transferring property registration by deploying smart contracts....
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Santander, the Spain-based bank, has presented a project to use tokenization in tandem with the digital real, the proposed Brazilian cryptocurrency, in order to facilitate property transactions. The proposal, part of the LIFT challenge, would be focused on simplifying the sale of real estate properties and cars for the Brazilian population. Santander Proposes Tokenization Platform for Assets Santander, one of the largest banking institutions with a presence all over the world, has presented a proposal to enhance the use case of the proposed central bank digital currency (CDBC), the digital....
Banco Santander UK has made available to its staff a mobile application which uses Blockchain to transfer money. In the battle among bankers to implement blockchain solutions to cut costs, has Banco Santander taken the lead? Ed Metzger, head of innovation technology and operations at Santander U.K., says to Bloomberg: “It’s the first time a U.K. bank has sent payments of this type via Ripple and launched it as a commercial service. Many people are doing lab style experiments, the key difference here is about getting real people to send real money for real purposes. I just paid my wife, who....
Santander, one of the biggest banking institutions in the world, has announced it will start offering cryptocurrency services in Brazil. Its CEO, Mario Leão, made the announcement in an interview with local media, stating that the company was still seeking the best way of getting into the cryptocurrency services market. Other banks and fintech organizations are already offering crypto services in the country.
Santander to Start Offering Crypto Services in Brazil
Santander, one of the biggest financial institutions in the world, serving more than 153 million customers, has....
After releasing a paper covering 20 to 25 uses of blockchain technology, Santander is reportedly ready to invest in a cryptocurrency startup to sustain their initiatives. Santander is the tenth largest bank in the world, according to a list by Forbes. The bank has come up with Santander InnoVentures, which is the banking giant's $100 million fintech investment fund. This was launched last year and has made three investments so far. Blockchain Technology Startups. "We're very excited about distributed ledgers and blockchain technology. They really have the potential to disrupt many of the....
The Central Bank of Brazil and Fenasbac, the National Federation of Associations of Central Bank Servers, decided to select nine projects to monitor and support their different proposals for the application of a hypothetical Brazilian central bank digital currency (CBDC), the digital real. Projects from companies and organizations like Aave, Banco Santander, and Mercado Bitcoin were selected to be developed as examples of how a digital real could be used.
LIFT Challenge Selects Nine Digital Real Projects
The LIFT challenge, an initiative organized by Fenasbac and the Central Bank....