Categories: Ripple

Bitcoin Daily: UK Brokerage Tests Ripple’s xRapid, Filipino Banks Pilot Ethereum Blockchain

Click here to view original web page at

Months after South Korea’s Financial Services Commission banned token sales, the country’s National Assembly is seeking to allow some initial coin offerings (ICOs), CoinDesk reported. Through proposed legislation, the assembly is seeking to allow ICOs if they come with investor protections.

And Frank Abagnale – the con-artist-turned-security-expert of “Catch Me If You Can” fame – thinks that blockchain is the next big thing, Fortune reported. He believes that banks and accounting firms will move to the blockchain. “Blockchain is the way of the future,” Abagnale said at a conference. “It is the best way to secure information, to secure it 100 percent.”

In other news, a few banks in the Philippines will experiment with a blockchain-based retail payments system, CCN reported. The goal of the project, which is called Project i2i, is to link rural banks in the country. With the pilot, five banks in Mindanao will test retail payments.

“With this [blockchain platform], they don’t have to spend anything,” said UnionBank technology and operations chief Henry Aguda. “They just have to load the application i2i in their computers, tablets or smartphones, then they can transact bank-to-bank connected to blockchain.”

And a broker based in the U.K. has completed a successful test of Ripple’s xRapid platform, Finance Magnates reported. Through the test, Currencies Direct was able to complete transactions in seconds that usually take three to five days.

Currencies Direct’s chief product officer, Brian Harris, called the trial a “resounding success.” While the company is looking into the next steps, he called the technology a “game changer.”

In other news, bitcoin enthusiasts with a sweet tooth are in luck: A new candy dispenser takes bitcoin as payment, The Next Web reported. The “sweetbit” device monitors transactions on and then dispenses an equivalent candy portion.

The device was created by David Knezić, who released the code for the machine to the world on Github. Beyond his original bitcoin candy machine, Knezić is at work on another machine, one that would work with Bitcoin’s lighting network.

You Might Also Like:

Related Items: bitcoin, bitcoin daily, Blockchain, cryptocurrency, ICOs, News, Philippines, Ripple xRapid, south korea, UnionBank, What's Hot


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoin’s Bulls Now Have a Target of $13.2K, Monthly Chart Suggests

View Bitcoin charted an "inside bar" pattern last month, making $13,200 the level to beat for the bulls. A convincing… Read More

6 hours ago

Japan to Solarize Its Burgeoning Digital Economy, Expert Take

Society is now witnessing the implementation of digital currencies, artificial intelligence (AI) and blockchain technology worldwide. These new digital technologies… Read More

6 hours ago

Mass Media’s Phony Freakout Over Bernie’s WaPo Criticism Is Backfiring

Authored by Caitlin Johnstone, After days of ridiculous, hysterical garment rending by mass media talking heads in response to Senator… Read More

12 hours ago

Quadriga CX Dukes It Out with “Failing” Auditing Firms

Quadriga CX , the crypto exchange in Canada that lost all access to customers’ funds when its founder passed away… Read More

12 hours ago

The Bearish Trends That Continue to Strike Bitcoin

At press time, bitcoin – the granddaddy of all crypto – is once again down for the count. Bitcoin Is,… Read More

12 hours ago

Will Growing Interest from China Propel Bitcoin’s Price Higher?

Bitcoin (BTC) has incurred a significant amount of volatility as of late which was perpetuated yesterday by news regarding the… Read More

12 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More