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Facebook is exploring the creation of its own cryptocurrency, Facecoin, a virtual token that would allow its billions of users around the world to make electronic payments, people familiar with Facebook’s plans told Cheddar. “They are very serious about it,” said one of the people, who asked not to be identified discussing unannounced plans. Facebook [...]

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In the online payments sphere, a handful of companies have attempted to create new protocols to overcome the challenges of scalability and ease of use in blockchain technologies. Nevertheless, they have proven incompatible for payment use cases—at least not at the level of scale and trust that is demanded of the industry. As it stands, [...]

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Ripple has announced aggregated and averaged results from several early xRapid pilots. xRapid is Ripple’s on-demand liquidity solution which uses the digital asset XRP for more efficient cross-border transactions between financial institutions sending fiat payments. According to the pilot results, participating financial institutions saw a savings of 40-70% compared to what they normally pay expensive [...]

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Blockchain technology is probably one of the most impactful discoveries in the recent history. After all, it has a massive potential to change how we handle online transactions. Despite some sceptics, the majority of experts agree that blockchain has the potential to disrupt the banking and financial industry, amongst others. To put it simply, blockchain [...]

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Banco Santander has launched new international money transfer service using blockchain-based technology from Ripple. The service is available to retail customers in Spain, UK, Brazil and Poland, and will be rolled out across more countries in the coming months. The new service, known as ‘Santander One Pay FX’, makes it possible for customers to complete [...]

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