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Use Cases & Verticals

Report: Venezuela Is Forcibly Converting Pension Balances to the Petro

Report: Venezuela Is Forcibly Converting Pension Balances to the Petro Venezuela has reportedly begun converting pensioners’ monthly payments into its controversial cryptocurrency, the petro. According to the Caracas Chronicles, an English-language politics and economics blog based in the country, the government has recently been taking the bolivares (the country’s current …

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Coinone Exchange Launches Cross-Border Payments App With Ripple Tech

Coinone Exchange Launches Cross-Border Payments App With Ripple Tech South Korea-based crypto exchange Coinone has officially launched Cross – a remittance app utilizing Ripple’s xCurrent product to facilitate speedy cross-border payments. Ripple announced Monday that Coinone’s payments subsidiary, Coinone Transfer, is now formally releasing the app – which has been under …

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UNICEF Funds 6 Blockchain Startups to ‘Solve Global Challenges’

UNICEF Funds 6 Blockchain Startups to ‘Solve Global Challenges’ The United Nations’ charity arm for children, UNICEF, is funding research into blockchain tech. Announced Monday, UNICEF is investing $100,000 in six blockchain startups to “solve global challenges using blockchain technology,” ranging from healthcare delivery transparency to managing finances and resources. …

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State Farm Trials Blockchain Tool for Streamlining Insurance Claims

State Farm Trials Blockchain Tool for Streamlining Insurance Claims U.S. insurance group State Farm is testing blockchain tech as part of a new platform for insurance subrogation. State Farm announced Monday that it was trialing a blockchain solution to streamline the manual process of subrogation. Subrogation is the legal right for …

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Galaxy Digital Leads $30 Million Funding for Social-Crypto Startup Good Money

Galaxy Digital Leads $30 Million Funding for Social-Crypto Startup Good Money Digital banking platform Good Money just raised $30 million in a Series A funding round to continue developing its app. Led by Michael Novogratz’s Galaxy Digital (via its Galaxy EOS VC Fund), participants in the funding round included Breyer …

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Signature Bank Wins New York Approval for ‘Real-Time’ Blockchain Payments

Signature Bank Wins New York Approval for ‘Real-Time’ Blockchain Payments New York-based Signature Bank is launching a digital payments platform built on a blockchain architecture to streamline real-time payments. Announced Tuesday, the Signet platform will allow the bank’s customers to conduct payments at any time of the day, beginning Jan. …

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Overstock’s Medici Invests $2.5 Million in Grain Tech Firm’s Blockchain Pivot

Overstock’s Medici Invests $2.5 Million in Grain Tech Firm’s Blockchain Pivot Overstock subsidiary Medici Ventures is investing in a software firm looking to store grain transactions on a blockchain. The company announced Tuesday it was purchasing $2.5 million of equity stake in GrainChain, a nearly six-year-old company which develops software …

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Ping An’s New Pitch for Blockchain: Shared Ledger, But Banks Keep Clients

Ping An’s New Pitch for Blockchain: Shared Ledger, But Banks Keep Clients Ping An, the Chinese insurance giant that built the eTradeFinance blockchain, is modifying the platform to give its 12 participating banks more control over customer relationships. Frank Lu, head of the blockchain division of OneConnect, PingAn’s fintech arm, …

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