National Stock Exchange of Australia building blockchain system with new partnership

The National Stock Exchange of Australia has announced that it has partnered with fintech firm iSignthis in order to develop a blockchain-based settlement and clearing system called ClearPay.

The system will help to offer digital asset trading as well as settlements in real-time. It could also be used to make fractional trading—the option to say, buy a fraction of an Apple stock—possible. ClearPay is expected to be launched in early 2021 after which the National Stock...

Mastercard, Binance X and Xpring join Blockchain Education Alliance in ‘significant’ move

The Blockchain Education Alliance has announced the joining of several new members, including Mastercard, Binance X, the innovation arm of major crypto exchange Binance, Ripple's accelerator Xpring and cryptocurrency exchange KuCoin.

Other members to join the Alliance are smart contract platform NEO, IoT startup IoTeX, blockchain security firm Quantstamp and big data blockchain service Constellation Labs.

The Blockchain Education Alliance was launched in October 2019 by...

Paystand raises $20m in series B funding in aim to become ‘Venmo for enterprise transactions’

California-based Paystand has raised $20 million in its latest series B funding round that will help the cloud-based PaaS payment network to expand its products and services.

The secured funds will also help the firm to expand sales, marketing, success, and engineering teams at its California and Mexico offices.

Paystand simplifies complex commercial transactions and payments for enterprises, with the company claiming it wants to do for enterprise transactions what...

OverFuture launches IPO of tokenised shares on blockchain in Swiss first

Switzerland-based OverFuture SA is said to be the first Swiss firm that has been allowed to incorporate for an initial public offering (IPO) of tokenised shares on blockchain.

According to OverFuture’s IPO prospectus, an offering of 8,399,000 “common equity share security tokens” on the Ethereum blockchain, with smart contracts provided by with European digital assets exchange, EURO DAXX, will see the offering price at €1.25 ($1.38) per share.


Lancashire Cricket launches blockchain-secure ticketing

Lancashire County Cricket Club has claimed to become the first organisation in the UK to have activated blockchain secure mobile tickets for all types of domestic and international matches at the Emirates Old Trafford stadium in 2020.

It will be leveraging a new blockchain mobile tickets platform, called TIXnGO, which will aim to ensure that only genuine supporters get tickets and will help curb the problem of counterfeit merchandise.

The TIXnGO platform was finalised...

SecuX launches crypto POS payment ecosystem to complement hardware wallets

Meet SecuX. The company, a provider of blockchain-based security solutions based in Taiwan since 2018, has expanded its offering with the launch of a cryptocurrency point of sale (POS) payment ecosystem.

The launch, which was made exclusively at Blockchain Expo North America yesterday, means the company moves beyond its previous product line around hardware wallets. Attendees were able to see a demonstration of the POS system and how users can pay using the app on either vending...

Juniper predicts blockchain-based B2B cross-border payments to surpass $4.4 trillion by 2024

A new report from Juniper Research has argued the total value of B2B cross-border payments immutably stored on blockchains will hit $4.4 trillion (£3.41tn) by 2024 – and ranks IBM as the primary vendor.

The report, titled ‘Blockchain: Key Vertical Opportunities, Trends & Challenges 2019-2030’, also noted blockchain will help financial institutions save $7bn by the same year, due to the automation of ‘know your customer’ checks, allied to the involvement of...

Mastercard, Visa, eBay and Stripe leave Facebook’s Libra: What happens from here?

Updated For Facebook to lose one payments provider, to paraphrase Oscar Wilde, is a misfortune; to lose two looks like carelessness. Yet over the weekend Facebook lost four companies who had signed up to its Libra cryptocurrency project – with the vast majority in the payments space.

On Friday, they fell like dominoes as Mastercard, Visa, eBay, and Stripe all pulled out. The Financial Times first reported eBay’s exit, while Bloomberg editor Joe Weisenthal first noted the...

IBM launches Blockchain World Wire payment network available in more than 50 countries

The IBM Blockchain World Wire, a global payments network designed to optimise foreign exchange, cross-border payments and remittances, is now officially accessible in more than fifty countries.

The solution is claimed to be the world’s first blockchain network to integrate payment messaging, clearing and settlement on a single unified network. Payment locations have been enabled in 72 countries, with 47 currencies and 44 banking endpoints.

IBM is actively expanding the...

CULedger raises $10 million in series A round for credit union-focused DLT platform

CULedger, a Colorado-based credit union service organisation (CUSO) has raised £7.63m in a recently conducted Series A funding round. The accumulated fund will be utilised towards the organisation’s use of distributed ledger technology and to develop a platform that would allow credit unions to enable self-sovereign identity for members via MyCUID, which is CULegder’s flagship product.

The plan to initiate the series A funding was set in October 2017 and received a good...