GMO Will Use Blockchain to Facilitate Payments For Its New Internet Bank

Japan-based GMO will use blockchain to facilitate payments for its new internet bank, reported Coindesk on July 17. The digital services firm expressed through a company statement that it had partnered with Aozora Bank Group in order to be prepared for the development of the "next-generation" bank, a project they are working on since 2016. The … Continue reading GMO Will Use Blockchain to Facilitate Payments For Its New Internet Bank

American Express Plans to Use Blockchain to Prove When a Transaction Occurs

American Express plans to use blockchain to prove when a transaction occurs, as it explains in its patent application released by the U.S. Patent and Trademark Office last week, reported Coindesk on June 16. The filing explains a method using a "proof-of-payment system" that would "receive a payment confirmation including a transaction amount and a merchant identifier." … Continue reading American Express Plans to Use Blockchain to Prove When a Transaction Occurs

Mastercard’s Blockchain ‘Can Run the Whole of Its Network’, Says Mastercard’s Vice Chair

Mastercard's blockchain "can run the whole" of its network mentioned Ann Cairns, Mastercard's vice chair, at the Money20/20 conference, reported Cointelegraph on June 4. Cairns mentioned during her speech at the conference that Mastercard had voluntarily decided to create a blockchain integration “at scale" while focusing on identifying "real important use cases". During the conference, she … Continue reading Mastercard’s Blockchain ‘Can Run the Whole of Its Network’, Says Mastercard’s Vice Chair