KCN STANDARD CHARTERED – FIRST CROSS-BORDER TRANSACTION
KCN STANDARD CHARTERED – FIRST CROSS-BORDER TRANSACTION Standard Chartered has completed its first cross-border blockchain letter of credit transaction in the oil industry with oil giant PTT Group. The company announced this on August 7. As stated in the official…
NATIONAL COMMERCIAL BANK OF SAUDI ARABIA JOINS RIPPLENET
NATIONAL COMMERCIAL BANK OF SAUDI ARABIA JOINS RIPPLENET National Commercial Bank AlAhliNCB joins RippleNet to offer its 5.5 M customers faster and more transparent remittances into and out of the Kingdom of Saudi Arabia. For the last ten years the…
KCN Swiss bank begins accepting funds from cryptos
KCN Swiss bank begins accepting funds from cryptos The Swiss bank, Maerki Baumann, has proclaimed that it will start to allow funds operations related to Cryptos like mining and getting payments for rendering services. This choice turns them the second…
GREAT BRITAIN IS STUDYING CRYPTOMARKET
The Bank of England considers the possibility of issuing its own digital currency. The bank has created a research group to study the prospects for the establishment of the national crypto money. It is planned that the new currency will…
Banks fail to meet targets to increase lending to small business
Banks failed to increase lending to small businesses in the first three months of 2010, despite political pressure to free up the credit markets. The Bank of England’s latest credit conditions survey found that credit made available to small business…