Blockchain Weekly – February 21st, 2020

Blockchain Weekly features short summaries of the five biggest headlines from the world of blockchain.

Welcome back to Blockchain Weekly from Blockdata. To catch up on last week’s post, you can find it on the blog. We also published profiles of the blockchain companies that have cracked the Forbes Fintech 50.

Paxos Settlement Service goes live with equity trades between Credit Suisse and Instinet [Cointelegraph]

Paxos Trust Company, the firm behind the Paxos Standard stablecoin, has announced the launch of Paxos Settlement Service. This means that it can now settle U.S. listed equity trades between broker-dealers Credit Suisse and Instinet (a subsidiary of Nomura Holdings). It was also revealed that Société Générale will soon join the settlement platform.

Brazilian central bank will launch instant payments system called PIX in late 2020 [Coindesk]

Banco Central do Brasil (BCB), the Brazilian central bank, has announced that it is working on a digital currency under a project called Brazilian Instant Payment Scheme (PIX). BCB president Roberto Campos Neto indicated that the move was motivated by the success and advantages of cryptocurrencies like bitcoin, saying “PIX came from a need for people to have a payment instrument that is both cheap, fast, transparent and secure.”

Coinbase becomes the first pure crypto company to be allowed to issue Visa debit cards [Cointelegraph]

Coinbase, recently chosen as one of the most innovative fintech companies by Forbes, has revealed its approval as a Visa principal member. This means that Coinbase can now issue Visa debit cards in 29 countries, with customers able to spend 10 different cryptocurrencies at any merchant that accepts Visa payments.

Centotrenta and BNP Paribas use IBM blockchain to securitize credit [Ledger Insights]

Centotrenta, an Italian administration firm which services portfolios worth over $15billion, has launched a credit securitization management platform called HyperMast STS. Built with IBM’s Hyperledger blockchain technology, the platform will work with partners like BNP Paribas and hopes to draw in many other partners.

Telecom consortium carries out first international payments for roaming consumers [Ledger Insights]

The Carrier Blockchain Study Group (CBSG) has successfully used blockchain to facilitate cross-carrier payments by international customers. This means that US customers visiting Taiwan can make mobile payments on Asia Pacific Telecom’s (APTG) payment network, Gt Pay. The CBSG was founded by TBCASoft, Softbank, Sprint, and FarEasTone.

Bonus: Forbes released its Blockchain 50, the biggest organizations in the world working with blockchain technology. Stay tuned for our analysis.

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