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Huge Philippines Bank Bored Of SWIFT, Perhaps Stellar Is The Solution

Reports out today discuss how the Rizal Commercial Banking Corporation (RCBC), one of the top 10 banks in the Philippines is falling out of love with SWIFT, its current remittance service provider. As a result of this, RCBC are turning to IBM who have paid particular interest in blockchain technology in order to explore how such technology can improve the efficiency and cost effectiveness of remittance services, for overseas Filipino workers (OFws’s). Initially, this will see IBM used to provide payment services to overseas workers from the Philippines who are working in Japan. According to CCN: “In the Philippines, cash...

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Paxos To Add Ethereum, Litecoin, Bitcoin Cash And Stellar

The Paxos Trust Company are a blockchain powered ‘trust’ who aim to use notions of trust to build products that simplify settlement and eliminate risk. According to Paxos: “Eliminating settlement risk starts with the ability to settle assets and payments simultaneously. That’s why Paxos combines regulated Trust status with distributed ledger technology to create a modern settlement platform.” Moreover, Paxos’ status as a regulated trust means that assets and cash are able to freely more around the Paxos platform. This platform uses blockchain technology to enable asset exchange and instantaneous payments. Find out more about Paxos, here- https://www.paxos.com/ According to...

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Ripple, Stellar And Ethereum Classic All Approved

The Securities and Exchange Commission of Thailand (SEC) have recently published a new framework which highlights the countries changing stance on cryptocurrencies. Within this, the SEC have published information about fees and taxes, licensing and interestingly, a list of their seven approved cryptocurrencies. This is a very unique form of regulation as generally across the rest of the world we are seeing governments banning certain cryptocurrencies. The Thai SEC on the other hand seem to be doing the opposite and allowing just a few cryptocurrencies to be traded within Thailand. The seven approved cryptocurrencies by the Thai SEC are; Bitcoin,...

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Stellar Earns New Use Value With Mobile Network Partnership

Another first for Stellar...https://t.co/uBYTkhHy6J Via https://t.co/ZPn4hvJmOo on Malta-based YOVO Mobile. https://t.co/uBYTkhHy6J — Stellar Lumens (@StellarLumens) June 12, 2018 This week, Stellar have shared a tweet which points towards a new partnership and a brand-new integration on the Stellar network. This follows recent news that the first ever blockchain based mobile network, YOVO, had made a move to Malta, a country that is fast becoming the crypto-capital of Europe. Through an integration with Stellar, YOVO are creating an entirely crypto-dependant mobile network which will be fully supported and fully funded through cryptocurrencies, namely the YO token which is to be a...

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Stellar (XLM) Reversal Could Take It Above $0.50 Mark In No Time

Stellar (XLM) is currently showing signs of weakness trading against the US Dollar. The price has fallen below the triangle it was trading in last week and looks indecisive. However, the RSI is currently near oversold levels and a reversal could be in the offing. It is pertinent to note that a reversal at this point would thrust the price back above the support line, marking a failed breakout (to the downside) which is a bullish indicator, one that could push the price above the $0.50 mark in no time. Stellar (XLM) is easy to buy and store unlike most...

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