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IBM Releases Blockchain-Based Payment System for Banks

Posted on September 5, 2018 by Omri Shabath

Perhaps the leading company in blockchain-related developments in the world right now is IBM. The tech giant is estimated to be the biggest blockchain spender and is also in the top-2 companies with the most blockchain patents filed. Now, IBM can be proud of another blockchain achievement: a blockchain-based payment system for major financial institutions. “IBM Blockchain World Wire” was in beta testing for a while, but IBM decided that it’s already ripe to be…

Research: By 2030, Blockchain Could Save Banks $27 Billion a Year

Posted on August 7, 2018August 7, 2018 by Omri Shabath

If you ever asked yourself why do major banks take a stance of “no crypto, yes blockchain” such as JPMorgan CEO’s, the answer can be found in a recent study from Juniper Research. Whilst cryptocurrencies themselves can shift wealth from traditional centralized currencies like the dollar to decentralized digital coins such as Bitcoin, the study reveals that blockchain can actually save banks a colossal amount of money. The study, labeled “The Future of Blockchain: Key…

JPMorgan CEO: Bitcoin Is a Scam (But We’re Testing Blockchain)

Posted on August 6, 2018February 28, 2019 by Omri Shabath

It probably wouldn’t shock anybody with the slightest knowledge of crypto to discover that traditional banks – which rely on a centralized and controlled currency – don’t particularly like cryptocurrencies, which are inherently decentralized and not under the control of a single entity. And predictably, every once in a while, another top banker vilifies cryptocurrencies. This time it was (again) Jamie Dimon, the CEO of JPMorgan Chase, one of the biggest and most powerful banks…

Study: Traditional Banks Can Reshape the Cryptocurrency Market (and May Kill It)

Posted on July 23, 2018 by Omri Shabath

If banks would issue digital currencies of their own, it could “reshape” the entire crypto-market by adding more competition, a new study by the European Parliament Committee of the European Union (EU) has found. The downside, however, is that banks could also thus suppress and crush their decentralized cryptocurrency competitors. The study, labeled “Competition issues in the Area of Financial Technology (FinTech),” analyzes the current FinTech industry based on new start-ups, traditional financial institutions and…

BIS BS – Breaking the False “Bitcoin Could Break the Internet” Narrative

Posted on June 19, 2018July 23, 2018 by Omri Shabath

Well, well, big freakin’ surprise. Big old traditional banks – who currently hold all the financial control and power in the world – don’t like cryptocurrencies. What a shock. A recent report of the Bank of International Settlements (BIS) that scathes “the hype” of cryptocurrencies is making waves in the crypto world and instilling fear in crypto-investors or in anybody who encounters digital currencies such as Bitcoin, really. Perhaps that was the report’s design in…

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