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Mastercard recently won a patent to protect a method that would manage “fractional reserves of blockchain currency”, meaning consumers might one day be able to charge their purchases on their credit cards using bitcoin as a currency. Mastercard files new patent for Bitcoin transactions on credit cards At present, Mastercard holders can only pay for things …

SWIFT has announces that it will start testing its new instant cross-border SWIFT gpi payments service in the Asia Pacific region. SWIFT gpi payments in Asia Pacific The service has been designed to scale and integrate with real-time payments systems around the region through gpi members in each system. While other real-time payment systems will …

Ripple Labs says it has reached a settlement “of all outstanding litigation” between R3 and XRP II, according to a press release published today. As per that statement, the details of the settlement will remain confidential while “both sides look forward to putting these disputes behind them.” Ripple and R3 Consortium reach settlement in litigation The litigation between …

The $110 trillion payments business is facing further and major disruption from the FinTech revolution that will upend the traditional financial services industry and create new opportunities for venture-backed companies with breakthrough technology, according to a new research report from SharesPost. Today, consumers pay bills, transfer funds, and purchase goods and services through smartphones. There …

75 of the world’s biggest banks are turning to the Interbank Information Network (IIN) a blockchain payments platform to fight the threat of new payments rivals in what will be the regulated banking industry’s largest application of the distributed ledger technology. Major global banks go mainstream on blockchain payments with Interbank Information Network More than …