JPMorgan Chase grows blockchain network to more than 340 banks

The nation's largest financial institution launched the program in 2017 to minimize friction in cross-border transactions.

By Anna Hrushka • Sept. 23, 2019

Wells Fargo tests blockchain waters with internal settlement service

Wells Fargo's renewed interest in blockchain comes at a time when banks are still gauging the technology's benefits.

By Anna Hrushka • Sept. 17, 2019

Explore the Trendline➔

Artificial intelligence

Banks are enthusiastic about AI’s promises. But can they get customers on board, and will regulators let the innovation happen?

By Banking Dive staff

Blockchain adoption will remain elusive for financial services industry until 2022, Gartner says

Immature, fragmented standards will prevent blockchain from fully entering the financial services realm in the near term.

By Roberto Torres • Sept. 16, 2019

Mastercard eyes faster cross-border payments with blockchain deal

B2B cross-border payments accounted for $125 trillion in revenues in 2017, and fintechs are prompting the dominant SWIFT network to hastily adapt to the market.

By Dan Ennis • Sept. 12, 2019

Boxer Manny Pacquiao launches personalized crypto token

Singapore's Global Crypto Offering Exchange looks to get fans of several celebs to invest and trade coins for exclusive merchandise, but the intersection of pop culture and digital currency has cautionary tales.

By Dan Ennis • Sept. 3, 2019

PNC launches on Ripple’s cross-border payments network

While Ripple already has a global portfolio of banks using the RippleNet network, the launch with PNC Bank marks a significant milestone for the cryptocurrency company.

By Anna Hrushka • Sept. 3, 2019

Even Libra's most famous backer occasionally goes nameless

A Libra Association executive is urging partners to publicly acknowledge their ties to the project, but some may be taking a wait-and-see approach amid a flurry of government and regulator interest.

By Dan Ennis • Aug. 29, 2019

Binance launches lending business with limited high-yield perk

The exchange may use the launch to diversify its business, broaden its customer base and boost its token's slumping value.

By Dan Ennis • Aug. 28, 2019

Bank of America files patent application for crypto wallet with tiered security

The system would boost security, the bank said, by letting customers use one password to access one tier of assets, and other passwords for further levels.

By Dan Ennis • Aug. 20, 2019

Crypto exchange Binance to launch Libra-like currency

CEO Changpeng Zhou tweeted Monday that his exchange is not seeking to dominate Facebook's Libra with the Venus project. "Always happy to co-exist," he wrote.

By Dan Ennis • Aug. 19, 2019

Lawmakers raise money laundering concerns during Libra hearing

Lawmakers both supportive and wary of the launch of Facebook's cryptocurrency were concerned over how the social media giant plans to limit "bad actors" from using the currency.

By Anna Hrushka • July 16, 2019

Facebook hearing brings consumer protection, financial stability questions

Lawmakers are set to scrutinize a Facebook executive's testimony over the company's proposed cryptocurrency, a hearing could make waves on Capitol Hill and in the market.

By Dan Ennis • Updated July 15, 2019

Lawmakers schedule hearings ahead of Facebook's cryptocurrency launch

The Silicon Valley-based company said Libra, which is scheduled to launch in early 2020, is already backed by dozens of companies — including Uber and Mastercard — to be managed by the independent nonprofit, Calibra.

By Anna Hrushka • July 1, 2019