Looks like digital only banks needs to reinvent itself in order to sustain its current standing in the global market. This developed after a recent survey has shown that people around the world - from India to Canada to the UK are losing interest on digital-only banks. Based on the survey...
An independent beta of multi-currency has been recently launched by a Canadian startup, Shakepay. Being a peer-to-peer (P2P) mobile wallet, it allows users to purchase and sell various Cryptocurrencies including Bitcoin. This is a one-click platform for Canadians to buy bitcoin by simply using their smartphones. Moreover, users can send...
Finally it seems the usually conservative Canadian government is inclined into a review of the advantages of incorporating an open banking system allowing users to have their financial information shared. The Finance department broke the silence and came in the open air six months after giving a lead that expressed...
Rise in Blockchain technology adoption: Conventional banks are increasingly adopting blockchain technology in their international payment systems. By far J.P. Morgan has been able to create the largest blockchain network for global payments solution. The bank has also announced that Royal Bank of Canada and Australia and New Zealand Banking...
Demand for Ripple’s platform is on rise as more banks signed the contract: Ripple has been in the limelight after it has entered into assortment of deals with various financial institutions. After more than 100 institutions already using Ripple’s enterprise blockchain solution for global payments, the two prominent banks of...