Tag: Blockchains

Visa to Adds Solana for Cross-Border Payments with ‘Multiple Blockchains’ and CBDCs to Follow

Sheffield said that Visa sees great potential for blockchain technology, especially in global and cross-border payments. Payments giant Visa Inc (NYSE: V) will rely on multiple blockchains in the future. This is according to a blog post by the company’s Head of Crypto Cuy Sheffield dated September 6. In the post, Sheffield also spoke on Visa’s new partnership with the Solana blockchain. “We imagine a future where Visa’s network of networks involves more than just multiple currencies and bank settlement rails, but also multiple blockchain networks, stablecoins, and CBDCs or…

Swift Announces Successful Transfer of Tokenized Value Across Multiple Blockchains 

The experiment was built on Swift’s earlier successes in connecting Central Bank Digital Currencies (CBDCs) and digital assets with existing and emerging payment systems. The Society for Worldwide Interbank Financial Telecommunication (SWIFT), the global financial messaging network, has unveiled the results of a groundbreaking experiment hindering the widespread adoption of tokenized assets. According to an official announcement on August 31,  the company has successfully demonstrated that its infrastructure can seamlessly facilitate the transfer of tokenized value across a variety of public and private blockchains. The messaging platform said the results…

Swift, Chainlink Tokenization Experiment Successfully Transfers Value Across Multiple Blockchains

“For tokenization to reach its potential, institutions will need to be able to seamlessly connect with the whole financial ecosystem. Our experiments have demonstrated clearly that existing secure and trusted Swift infrastructure can provide that central point of connectivity, removing a huge hurdle in the development of tokenization and unlocking its potential,” Tom Zschach, chief innovation officer at Swift said in a press statement. Source

Blockchains Keep Launching, From Sei (and Its $SEI token) to Shibarium (and Its $SHIB)

SEI HELLO! Sei, a new layer-1 blockchain built using Cosmos technology, launched to the public, and its native SEI token garnered more than $1 billion in trading volume after being listed on crypto exchanges including Gate.io and Binance. The project is notable because it was designed as an application-specific blockchain meant for trading, in contrast to more general-purpose networks like Ethereum that could theoretically support a wider range of use cases. Jay Jog, co-founder of Sei Labs, which led the new blockchain’s development, said that the “solution” to providing faster…

Over 66 Fake PayPal USD Tokens Have Popped up on Several Blockchains

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Litecoin Blockchain’s ‘Halving,’ Set for Wednesday, Should Harden Supplies of ‘Digital Silver’

Litecoin, like Bitcoin, uses a “proof-of-work” security mechanism – relying on “miners” who expend computational resources to process transactions and secure the network. During that process, miners win rewards – a combination of variable transaction fees and a predetermined “subsidy” that gets halved approximately every four years. (With Litecoin, they happen every 840,000 transaction blocks, and the average time to generate each block is about 2.5 minutes.) Source