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Invoice Financing Via Blockchain Targets SMB Cash Flow Problems

PYMNTS

Small and medium-sized businesses (SMBs) are the lifeblood of many economies — Europe’s among them — and working capital is the lifeblood of SMBs. Yet many firms struggle to gain access to the capital that helps them launch or sustain operations. One way to secure funding is to use invoice financing.

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How China Is Clamping Down On Crypto Trading With Social Media

PYMNTS

The Chinese government has a complicated relationship with cryptocurrency: While it seems to be enthusiastic about the applications of blockchain technology, the country has banned initial coin offerings (ICOs) and blocked crypto trading sites. billion fund focused on the blockchain.

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Blockchain Gives Facebook Options — And Some Competitive Heft

PYMNTS

At least one thing is clear about Facebook ’s new interest in blockchain: It will help the social media giant keep up with the Joneses. No one outside Facebook has yet cracked why the company is creating a blockchain unit and putting David Marcus, one of its senior executives, in charge of it. “Could it be?

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Bitcoin Daily: China Construction Bank Grows Blockchain Platform; IRS Tax Forms Now Ask About Crypto

PYMNTS

China Construction Bank ’s vice president has revealed that the bank has added new abilities to its trade finance blockchain platform, including cross-chain and inter-bank transactions. In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project.

Taxes 109
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Microsoft’s Blockchain Guru Marley Gray Joins Speaker Faculty

Bank Innovation

Bank Innovation is pleased to welcome Marley Gray, Microsoft’s director of technology strategy for blockchain and financial services, to our speaker faculty. Gray will discuss corporate banking and blockchains on March 1 in Seattle with JP Jolly of Citigroup and Deva Annamalai of Fiserv.

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Tencent Plans $70B Spend For AI, Cybersecurity, IoT Tech

PYMNTS

The Chinese tech giant wants to capitalize on an initiative from Beijing, which announced it wanted to bolster the country’s technology infrastructure in the next few years. Tencent said the coronavirus pandemic had hit cloud-based companies hard, but the eventual outcome would likely be in the favor of digitization.

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Bitcoin Daily: Binance Applies For Singapore Crypto License; CFTC Files Charges In Digital Ponzi Scheme

PYMNTS

Binance Holdings has applied for an operating license in Singapore under the country’s new payments legislation, which aims to be a comprehensive regulatory agency for digital currencies. Blockchain-based social media platform Steemit has partnered with the Tron foundation to bring users to Tron.

Bitcoin 168