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Verizon taps into blockchain for ‘Full Transparency’ on its news releases

verizon taps into blockchain for ‘full transparency’ on its news releases

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In an era of rampant “fake news” allegations, Verizon is implementing a blockchain-verified record of changes to its news releases. Verizon’s Full Transparency program, which was announced on Friday, is an open-source newsroom platform that was designed to raise the bar for corporate accountability.

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Blockchain must include microfinance to democratize the financial sector

blockchain must include microfinance to democratize the financial sector

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Blockchain’s ambition of providing a democratized finance is possible through the incorporation of microfinance institutions. Microfinance has been instrumental in transforming economies globally and addressing issues on poverty alleviation and

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Prime Trust Launches Proprietary Core Banking Software for Fractional Assets, Including Cryptocurrency

prime trust launches proprietary core banking software for fractional assets, including cryptocurrency

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LAS VEGAS, Oct. 30, 2020 /PRNewswire/ — Prime Trust, the leading B2B financial infrastructure platform and custody and settlement of alternative assets, announced today the launch of PrimeCore – a proprietary core accounting and customer asset management platform that empowers banks, trust companies and fintech businesses with a range of services spanning custody, payment processing, BSA compliance, asset liquidity and transaction settlement.

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Prime Trust

Prime Trust

PrimeCore operates as a secure, cloud-based SaaS that is accessible entirely via Application Programming Interfaces (API’s). From banks to securities exchanges. real estate, crowdfunding and crypto exchanges looking to add custody of fractionalized assets, including cryptocurrency, real estate and securities to 18 decimal places, the platform effortlessly scales to meet demand and provide a custom backend experience.

“We’re seeing tremendous interest from banks and fintech innovators looking to get into the crypto space but they hit a roadblock once they realize that their legacy core systems like FIS, Fiserv and Jack Henry are not built to handle the precision requirments of fractional or digital assets. As a result, they experience massive amounts of drift and operational nightmares,” said Scott Purcell, CEO of Prime Trust. “PrimeCore is purpose-built to support these assets and allows B2B …

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Prime Trust Launches Proprietary Core Banking Software for Fractional Assets, Including Cryptocurrency

prime trust launches proprietary core banking software for fractional assets, including cryptocurrency

BEGIN ARTICLE PREVIEW:

LAS VEGAS, Oct. 30, 2020 /PRNewswire/ — Prime Trust, the leading B2B financial infrastructure platform and custody and settlement of alternative assets, announced today the launch of PrimeCore – a proprietary core accounting and customer asset management platform that empowers banks, trust companies and fintech businesses with a range of services spanning custody, payment processing, BSA compliance, asset liquidity and transaction settlement.

Continue Reading

Prime Trust

Prime Trust

PrimeCore operates as a secure, cloud-based SaaS that is accessible entirely via Application Programming Interfaces (API’s). From banks to securities exchanges. real estate, crowdfunding and crypto exchanges looking to add custody of fractionalized assets, including cryptocurrency, real estate and securities to 18 decimal places, the platform effortlessly scales to meet demand and provide a custom backend experience.

“We’re seeing tremendous interest from banks and fintech innovators looking to get into the crypto space but they hit a roadblock once they realize that their legacy core systems like FIS, Fiserv and Jack Henry are not built to handle the precision requirments of fractional or digital assets. As a result, they experience massive amounts of drift and operational nightmares,” said Scott Purcell, CEO of Prime Trust. “PrimeCore is purpose-built to support these assets and allows B2B …

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Global Blockchain Technology Market Analysis and Forecasts to 2024 – Increase in FinTech Spending and Disintermediation of Banking Services Driving Market Growth – ResearchAndMarkets.com

global blockchain technology market analysis and forecasts to 2024 – increase in fintech spending and disintermediation of banking services driving market growth – researchandmarkets.com

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DUBLIN–(BUSINESS WIRE)–Oct 30, 2020–

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Global Blockchain Technology Market Analysis and Forecasts to 2024 – Increase in FinTech Spending and Disintermediation of Banking Services Driving Market Growth – ResearchAndMarkets.com

global blockchain technology market analysis and forecasts to 2024 – increase in fintech spending and disintermediation of banking services driving market growth – researchandmarkets.com

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DUBLIN–(BUSINESS WIRE)–Oct 30, 2020–

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Tesla, Apple, Amazon Shares Can Now Be Traded As Digital Tokens Against Cryptocurrency

tesla, apple, amazon shares can now be traded as digital tokens against cryptocurrency

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Traders on the cryptocurrency exchange desk FTX will be able to buy and sell tokenized shares of over a dozen large companies against Bitcoin and other stablecoins, CoinDesk reported Thursday.
What Happened: Tesla Inc (NASDAQ: TSLA), Apple Inc (NASDAQ: AAPL), and Amazon.com, Inc (NASDAQ: AMZN) are some of the stocks that can be traded on FTX’s platform.
The exchange’s fractional stocks offering means that traders can purchase tokens equivalent to a fraction of a stock at a time, FTX CEO Sam Bankman-Fried told CoinDesk.
“These fractional stock products reflect the reality that today’s traders are industry and sector spanning and want trading opportunities that fully match their interests and mindset,” said Bankman-Fried.
Why It Matters: Bankman-Fried said that the tokens are aimed at those investors who find it difficult or inconvenient to access traditional markets, reports Bloomberg.
While investors can trade the tokens on the exchange, they will need to cash them for the underlying security through FTX’s German partner CM Equity, which will hold the actual securities, the CEO said.
A trading fee is applicable but no other management fee will be levied for holding the tokens, an FTX spokesperson told Bloomberg.
United States …

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Iran plans to evade sanctions with cryptocurrency – CoinGeek

iran plans to evade sanctions with cryptocurrency – coingeek

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The Central Bank of Iran (CBI) and the Iranian Ministry of Energy have amended laws so that Iran can use cryptocurrency to fund imports. This move by Iran was made to avoid sanctions placed on Iran’s access to foreign currency; such as those put in place by the United States to restrict Iran’s access to the USD.
“The miners are supposed to supply the original cryptocurrency directly and within the authorized limit to the channels introduced by the CBI,” says the official report.
Iran is looking to use cryptocurrencies to obfuscate their paper trails and hide their tracks. Many countries have restricted Iran’s access to foreign currency and aid which puts downward pressure on Iran’s economy and ability to spend and receive outside of their own borders and allies.
It is important to mention that there is a difference between digital currency and cryptocurrency. Digital currencies are compliant with the law, their users must go through AML/KYC procedures, and it can be thought of as a digitized form of money. 
On the other hand, cryptocurrencies are often unregistered securities, with minimal, if any, AML/KYC, that criminals around the world use to separate unsuspecting victims …

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