The U.S. DFS Approves Digital Payment Platform for Commercial Banking Transactions | BTCMANAGER
Advertise with Us Jobs at BTCManager BITCOIN PRICE: 3,992.30 HIGH: 4,112.00 LOW: 3,934.73 At BlockchaInvest, international blockchain companies and crypto projects looking to raise capital meet local investors and fund managers in a Don't miss out on the latest news Get BTCMANAGER delivered right to your inbox December 6, 2018 17:30 by Cindy Huynh Maria T. Vullo, the Financial Services Superintendent, announced on December 4, 2018, that the Department of Financial Services (DFS) had approved Signet, the New York State-Chartered Signature Bank's new digital payment platform. According to the DFS? press release, Signature Bank is the first bank to receive regulatory permission to use blockchain technology in this manner. Signature Bank is a full-service commercial bank with 30 private client offices throughout New York's metropolitan area. The commercial bank initially launched in May 2001 and generated $155.4 million net income for the 2018 third quarter. They currently manage $45.87 billion in assets. Signet, Signature Bank's new Digital Platform was developed in partnership with trueDigital Holdings and is powered by a permissioned version of the Ethereum blockchain. Signet allows the transmission of funds between two commercial clients of Signature Bank in real-time. The Signet Digital platform will enable clients to make instant payments and eliminates the dependency on a third party. The dollars are to be converted into tokens compliant with Ethereums ERC-20 standard. This entry was first found by us on December 06, 2018 2:30 PM. Share this content on social media: Visit btcmanager.com to find more similar content. Reply to Topic
Tokyo Airport Limousines Will Start Accepting Bitcoin as Payment
-Bitcoin news, price, information & analysis Remixpoint Inc is reportedly planning to integrate a Bitcoin payment option to one of Japans leading taxicab services. According to Bloomberg, the company has partnered with Hinomaru Limousine Co. to create a crypto payment gateway for its customers. That said, users will be able to pay for Hinomaru's limousine services in cryptocurrencies which, in addition to Bitcoin, also include Bitcoin Cash and Ethereum. The move is likely to impress travelers that are willing to bypass exuberant fees charged by international credit cards and over-the-counter cash exchanges by opting cryptos. This post was first seen by us on November 05, 2018 11:20 AM. Share this content on social media: Have a look at www.newsbtc.com to find more similar content. Reply to Topic
What Is W-Pay - NullTX
Liquidity can sometimes be a big problem in the cryptocurrency world. Trading platforms need ample liquidity to match buyers and sellers on both sides of the order book. Bringing more volume to service providers is not an easy feat, but W-Pay may soon represent a welcome change. This new service is a payment network which offers instant global multi-currency solutions. If there is initial interest in W-Pay to begin with, it may have a significant impact on this industry. Cryptocurrency-related service providers of all types would not mind having more liquidity options at their disposal. They have been looking into creating off-chain solutions which do not clog up the main networks. W-Pay may be a powerful solution in that regard, thanks to its off-chain multi-asset approach. This service was designed for liquidity providers, merchants, and trading platforms alike. On paper, all of those industries can benefit from this new concept. This data was first seen by us on September 20, 2017 12:00 PM. Share this content on social media: Check out nulltx.com for more similar content. Reply to Topic
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