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BOE: Banks Don't Get Protection From Digital Currencies

PYMNTS

Later in the summer, the BoE hired IT firm Accenture to revamp and revitalize its Real-Time Gross Settlements (RTGS) service, which handles daily transactions for financial institutions. at the cutting edge of payments innovation.

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Ripple Leads Cryptocurrencies Lower

PYMNTS

Cryptocurrencies led by real-time gross settlement (RTGS) system Ripple’s XRP fell in trading Monday (Jan. While Ripple was soaring in trading in 2017, concerns have been mounting recently that it could be a bubble pressuring it and other cryptocurrencies. . percent, and lifecoin dropped 6.4

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The Blockchain Companies Poised To Transform Capital Markets Infrastructure

CB Insights

Some popular cryptocurrency exchanges, including Bitfinex, have also begun to expand into the securities domain. Secondary markets: This category includes blockchain-based securities exchanges that allow investors to trade tokenized securities. Other notable projects in this space include Nivaura.

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The Corporates Betting On Blockchain To Reshape Capital Markets Infrastructure

CB Insights

Payments: This category includes companies working on tech like payment currencies, stablecoins (cryptocurrency pegged to the value of a non-volatile asset like the dollar), and real-time gross settlement (RTGS) systems that can enable transactions within a DLT-based capital markets framework.

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Bank Of England Hires Accenture To Revamp Payments System With Eye On Digital Currency

PYMNTS

s central bank announced on Thursday (July 30) that it has hired IT firm Accenture to revamp and modernize what is known as the Real-Time Gross Settlement (RTGS) service, which handles daily transactions worth more than $895 million between large financial institutions (FIs).

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In The Blockchain Race, FIs Hustle Not To Come In Last

PYMNTS

The Bank of England caught the financial services world’s attention when its Governor, Mark Carney, spoke about the central bank’s latest initiative to revamp and rebuild its real-time gross settlement (RTGS) system. Banks didn’t have all the blockchain fun this week, however.