Until now, cryptocurrencies have been additions, rather than substitutes, to the global inventory of money. “Over the next decade, this may change”, according to Deutsche Bank research report. Published this week, the bank predicts that the forces that have held the current fiat system together now look fragile and they...
Deutsche Bank has joined JPMorgan’s Interbank Information Network, a blockchain-based network based on Quorum, a permission-variant of the Ethereum blockchain, developed by J.P. Morgan. Source: Financial Times. IIN minimizes friction in the global cross-border payments process, enabling payments to reach beneficiaries faster with fewer steps. Using blockchain technology, IIN reduces...
