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Tag Archives: World Bank

FT: World Bank And IMF Launch A Self-Styled Crypto As They Explore Blockchain Tech

According to a Financial Times report, the World Bank and the International Monetary Fund have launched their own Blockchain platform that has its own native quasi Cryptocurrency. The motive of the two global institutions is to explore the benefit of the nascent DLT as well as the use of Cryptocurrencies to replace the traditional financial […]

Roundup – 01/04/2019 – Swiss Company Pays Staff in Bitcoin & more

Swiss Company Pays Staff in Bitcoin The Swiss company Netzmedien AG will pay its whole staff in Bitcoin from now on. The staff voted to proceed with Bitcoin payments in a democratic manner and the decision was unanimous. The publishing house maintains the news-site Netzwoche on which they also published the announcement (German) to this […]

The World Bank Praises xRapid in Recent Report

The World Bank Has Praised Ripple’s financial transaction service xRapid in a recent report. The report basically confirms what protagonists of Ripple or Stellar have been saying for years. The current system for cross border payments is highly ineffective as different banks with different systems have to work together. Different business times in different time […]

World Bank President Believes That Blockchain Has “Huge Potential”

Organizations can adopt Blockchain technology to realize their growth potential and business goals. This is according to Jim Yong Kim who is the President of the World Bank. He believes that Blockchain technology has a “huge potential” that is yet to be tapped by the world. Kim added that DLT could help the organizations to […]