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Canadian Banking Giant RBC Applies for New Cryptocurrency Sector Patents

Canada’s largest bank by market capitalization has applied for four new patents that suggest the company could be aiming to launch cryptocurrency services. That’s per Canadian trade publication The Logic, which reported this week that the Royal Bank of Canada (RBC) has filed for a spate of new pate..

Ripple Partners With World’s Third-Largest Fintech Firm Finastra

News London-based Finastra — the third-largest financial services technology firm in the world — has partnered with Ripple to grant its customers access to the RippleNet blockchain network. As reported by the Fintech Times on Oct. 16, the cooperation between the two firms will see Ripple’s over 20..

Wells Fargo Is Tokenizing Cash But Bank Avoids “Cryptocurrency” Name

The world’s fourth largest bank is tokenizing cash using its own blockchain-inspired platform — just don’t call it a stablecoin or cryptocurrency project. On September 17th, Wells Fargo announced it was piloting an internal settlement service using distributed ledger tech (DLT), of which blockchain..

PNC Bank Using Ripple XCurrent — Is Interest in Blockchain Rising?

Follow up Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the ways that..

The New Bitcoin Banks Are Here

A new age of banking is imminent. Legacy models will be forced to follow suit or become obsolete in the eyes of value holders worldwide, as new bitcoin and crypto services take over, seeking to implement blockchain systems with an eye on convenience and financial inclusion. Announcements of stableco..

Major Swedish Bank Orders Negative Interest Rate on Euro Deposits

Sub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark have been in negative territory for a while and a growing number of banks in the region are now charging depositors for keeping their money. Saving in fiat right now, unlik..

Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies

Record low and negative interest rates have put commercial banks in a difficult spot. Across Europe, they have been passing the burden to their clients. Some have introduced fees for those with large account balances, while others are punishing everybody equally. In any case, some bankers fear this ..

Korea’s Oldest Bank Is Building a Blockchain-Based Security System

News South Korea’s oldest bank, Shinhan Bank, partnered with two other companies to develop a blockchain-based security solution. Korea’s Shinhan bank to enhance security with blockchainAccording to a report published on Aug. 14 by local news outlet TheKoreaTimes, Shinhan Bank signed a memorandum ..

Owning Fiat Just Got More Expensive – NIRP Strikes Again

With the recent Union Bank of Switzerland (UBS) announcement that even more customers will be charged to hold money in their banks, people are scrambling to find ways to preserve their wealth, while USB and others scramble to dam the losses resulting from national negative interest rate policy (NIRP..

Liquidity Difficulties in China: Second Bank Bail-Out Now Reality

Although it has its peculiarities, the Chinese banking sector now faces similar challenges to the west’s financial system. Dozens of small banks have been experiencing liquidity difficulties in the past few months. Observers believe the expanding problem has the potential to trigger a financial cris..

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