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Tech Giants Make Their Blockchain Bets For 2018

PYMNTS

The product, dubbed Mission Critical Distributed Ledger Technology , will provide companies with hardware so they can operate their own blockchain platforms through their own corporate partners. HPE said its distributed ledger technology (DLT) solution is faster and more secure than bitcoin or Ethereum blockchains.

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Banks And The Blockchain Scramble

PYMNTS

PwC writes in its “Global Blockchain Survey 2018” that responses from 600 executives across 15 territories are embracing distributed ledger technology (DLT) with enthusiasm. Of those queried, as many as 84 percent of firms are involved with DLT. Companies have dabbled in the lab,” wrote PwC.

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Deep Dive: Emerging Response To B2B, P2P Cross-Border Payments Pain

PYMNTS

The average global cost was nearly 7 percent in Q3 2018, and remittances sent from sub-Saharan Africa incurred an average cost of nearly 16 percent. Distributed ledger technologies (DLT) have also been considered for facilitating both P2P remittances and B2B cross-border payments. Mexico transactions in 2018.

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B2B Cross-Border Payments Are Speeding Up

PYMNTS

Cross-border B2B transactions generated about $125 billion in revenue in 2018, leading more FIs and FinTechs to seek to update their infrastructures and better serve the needs of this sizable and growing sector. Fewer than one-quarter (22 percent) stated they will participate in real-time payments within the next year.

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Singapore’s Big Week In Blockchain Progress

PYMNTS

The nation’s excitement over distributed ledger technology (DLT) cannot be ignored. According to reports in the Business Times , Singapore’s central bank participated in a three-hour-long meeting late last week with Hong Kong to discuss the initiative, which has a lot of concerns to consider before the rollout.

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13 Orgs And Corporate Giants Testing Out Blockchains And Distributed Ledgers

CB Insights

Goldman Sachs is reportedly setting up a cryptocurrency trading desk in New York that will be running by the end of June 2018, if not earlier. Swiss bank UBS is leading a pilot that aims to automate regulatory requirments for the MiFID II/MiFIR rules that take effect in 2018. GOLDMAN SACHS IS SETTING UP A CRYPTOCURRENCY TRADING DESK.

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Against The Odds, A Few Blockchain Projects See The Light Of Day

PYMNTS

Even some of the largest proponents of blockchain agree that distributed ledger technology (DLT) is still in its early days, and its impact on the financial services market probably won’t be fully understood for some time.