# Citi and IADB complete cross-border payment pilot with blockchain tech

# Citi and IADB complete cross-border payment pilot with blockchain tech

“# Citi and IADB complete cross-border payment pilot with blockchain tech ” Banking giant Citigroup has successfully completed a proof-of-concept for blockchain-based cross-border payments in collaboration with the Inter-American Development Bank, or IADB. According to a Thursday announcement, Citigroup’s Citi Innovation Labs and the IADB enabled several disbursements from the United States to a recipient…

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#Jamie Dimon says post-COVID boom will stretch into 2023

#Jamie Dimon says post-COVID boom will stretch into 2023

“#Jamie Dimon says post-COVID boom will stretch into 2023” JPMorgan Chase CEO Jamie Dimon thinks the US economy is poised to come roaring back from the coronavirus crisis over the next two years. In his annual letter to shareholders, America’s most famous banker said hefty government spending and consumers’ pent-up savings have primed the nation…

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# Sweden’s central bank completes first phase of digital currency pilot

# Sweden’s central bank completes first phase of digital currency pilot

“# Sweden’s central bank completes first phase of digital currency pilot ” After completing the first phase of its digital currency pilot project, Sveriges Riksbank has found some critical issues that must be addressed before Stockholmers can buy coffee and kanelbullar with e-krona. In a recent study, Sweden’s central bank presented the first results of its central bank…

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#Morgan Stanley dumped  billion in Archegos’ stocks: report

#Morgan Stanley dumped $5 billion in Archegos’ stocks: report

“#Morgan Stanley dumped $5 billion in Archegos’ stocks: report” Morgan Stanley sold about $5 billion in Archegos Capital Management’s stocks the night before the fire sale hit rivals, CNBC reported on Tuesday citing people with knowledge of the trades. Morgan Stanley had the consent of Archegos, run by former Tiger Management analyst Bill Hwang, to…

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# Indian IT giant Tech Mahindra to launch stablecoin tool for banks

# Indian IT giant Tech Mahindra to launch stablecoin tool for banks

“# Indian IT giant Tech Mahindra to launch stablecoin tool for banks ” Indian multinational technology firm Tech Mahindra is developing a new stablecoin service targeting banks and financial institutions. The tech giant announced Monday that it has entered into an agreement with Dutch blockchain application incubator Quantoz to launch a “stablecoin-as-a-service” tool to reduce…

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#Protester scales Chase Bank in NYC, fails miserably

#Protester scales Chase Bank in NYC, fails miserably

“#Protester scales Chase Bank in NYC, fails miserably” Anti-capitalism protesters descended on Manhattan Friday – and video captured one scaling up the front of a Chase Bank before taking an epic plunge to the ground. Footage taken by FreedomNews.TV and posted to Twitter shows a demonstrator climbing up the bank building on Madison Avenue between…

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