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JCB And TECHFUND Partner For Blockchain Payment System Ideas

PYMNTS

Japan-based credit card and payment firm JCB has announced a partnership with tech startup accelerator TECHFUND to explore the idea of a payment system with blockchain options, the company said on Friday (May 15). JCB, one of the biggest credit card operator in Japan, has also worked with blockchain before, partnering with U.S.

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Bitcoin Daily: ZenGo To Create Crypto Payment Card; HSBC Powers Bangladesh’s First X-Border Blockchain Transaction; Hong Kong Might Increase Crypto Oversight

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Bitcoin and digital currency wallet company ZenGo is becoming a part of the Visa Fast Track program and will create a new digital currency payment card, according to an announcement. ZenGo said the card will be the first card connected to a “self-hosted, on-chain, multi-currency wallet" in which the user manages the funds.

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Paystand Takes Aim At Corporate Expense Cards With New ‘Zero Card’

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Goodbye, corporate expense cards and hello, “Zero Card?”. 6) rolled out its new Zero Card , a touchless, pre-paid, digital corporate expense card that the California FinTech is hoping will give the traditional corporate expense card a run for its money. Paystand on Thursday (Aug.

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Visa Seeks Patent On System To Turn Government Currencies Into Digital Blockchain Versions

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Credit card giant Visa has filed an application for a U.S. patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. The system would then remove the paper currency from circulation.

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i2c President Says Blockchain Will Unlock Cryptocurrency

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But in the decade since bitcoin’s debut, technologies have evolved in the payments ecosystem that are helping set the stage for cryptos to become more widely adopted. Longer term, in the drive to make crypto spendable, beyond the rails themselves, McCarthy said that compliance and security standards must be robust.

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Blockchain Tracker: SEB’s New York Bridge To Stockholm, Credit Cards And Fraud Prevention

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Blockchain may be building bridges quicker than expected. Quite possibly, the biggest blockchain news this week was that Swedish bank SEB announced that intends to build a blockchain channel between New York and Stockholm to enable customers to make real-time transfers, as soon as next year. That will be the long-term benefit.”.

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Blockchain Tech Disrupts The Corporate Payments Status Quo

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Blockchain seemed to be stuck in pilot phase in 2017, but in 2018, the financial services industry finally saw a stronger flow of real-world, working blockchain applications — many of which targeted pain points in B2B payments, including the time and lack of transparency in cross-border transactions.