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Blockchain Technology Not Suitable for Visa’s Core Business

Bank Innovation

At the JPMorgan Technology, Media and Communications conference in Boston yesterday, Kelly said: Remember blockchain actually is not very good about facilitating low-value high-volume scale transactions, which is the core of what we do. […].

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Fed Exploring ‘Hypothetical’ Digital Currency

PYMNTS

A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.

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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

PYMNTS

But: The bank is keeping an eye on the experiences and progress of other nations, and still is researching its own technological and “policy implications” of wholesale forms of CBDC. In at least some nod to the technicalities, back in January, the central bank envisioned that the digital currency might be issued via blockchain platform.

Policies 181
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Beyond Bitcoin: Cryptocurrencies Flirt With Mainstream Commercial, Consumer Commerce

PYMNTS

Toward that end, and more mainstream use cases, getting the rails in place to speed and streamline transactions, regardless of the cryptocurrency used, remains key. As spotlighted in this space , Ternio said it has joined Visa’s Fast Track as a cryptocurrency-focused enablement partner.

Bitcoin 208
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The PYMNTS 2018 Summer Top 10 List

PYMNTS

Almost 33 years ago, David Letterman introduced his singular innovation in stand-up comedy: the Top 10 List. Cryptocurrencies suffered through a rough day in mid-June, when prices plummeted fast during a few hours and wiped out a total of $15 billion in value. Crytpo’s Big Flash Crash. percent on the day. million users, up from 9.2

Branding 100
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Fintech Fundings: 28 Companies Raise $220 Million Week Ending March 25

Fintech Labs Insights

In total, there were 13 fintech startups (or 15 by the Bank Innovations definition ), 12% of the total YC W16 class of 109. HQ: Boston, Massachusetts. Payment technology for parking meters. Tags: SMB, security, authentication, bitcoin, contracts, legal, fraud, cryptocurrency, blockchain. Source: Crunchbase. CrowdStreet.

Company 12
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55 US Companies That Became Unicorns In 2018

CB Insights

New York, Boston, Chicago, and Nashville, among other cities, all played host to newly minted unicorns last year. Select Investors: Camelot Venture Group, Align Technology, Kleiner Perkins Caufield & Byers, Spark Capital, Clayton Dubilier & Rice. Plaid Technologies. Valuation: $3.2B. Total Funding: $1.3B. Valuation: $3B.