Bank of America and Ripple (XRP) in Talks over Collaboration

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If the information reaching Bittpress is anything to go by, then Bank of America (BoA) may be collaborating with Ripple (XRP) soon. Indeed, Ripple has been multifaceted, given that the platform is not a retail services provider. No doubt, the company seeks to develop products that enhance the operations of traditional banking institutions, making them … Continue reading “Bank of America and Ripple (XRP) in Talks over Collaboration”

GUIDE: What You Should Know about Hashed Timelock Contracts

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The initial purpose of cryptocurrencies was a simple one. The aim was to create a channel where two parties could make digital payments in a trustless manner. Trustless means that in the encrypted mode of payment, no mutual trust is necessary between any of the participating parties. One of the ways that cryptocurrencies present this benefit is … Continue reading “GUIDE: What You Should Know about Hashed Timelock Contracts”

Blockchain Potential to Facilitate Global Payments

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If you were ever been involved with the transfer of funds between two countries, you would be aware that minimal progress was made regarding international payments. Transaction times are extremely slow and the process is often obscure and expensive. A 21-st century digital solution for handling payments can accelerate the process. Furthermore, such a system … Continue reading “Blockchain Potential to Facilitate Global Payments”

Blockchain Startup Veem Closes Funding Round Led by Goldman Sachs

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Veem, a blockchain payment startup, recently closed a $25 million funding round. Goldman Sachs led the funding round as per the company’s announcement on Wednesday. About Veem Veem was rebranded from Align Commerce.  Investors include Silicon Valley Bank, GV (formerly Google Ventures), Kleiner Perkin,s and Pantera Capital. These companies participated in the new strategic round. … Continue reading “Blockchain Startup Veem Closes Funding Round Led by Goldman Sachs”