Today, making global payments in developing countries can be costly, laborious and error-prone, with transactions in different currencies often requiring multiple intermediaries and taking days or weeks to complete. If the transactions involves different currencies, then it will require multiple intermediaries which increases the processing time. A platform enabling a hyperledger fabric - core to blockchain - in the form of a network that can settle complex cross-border transactions in a matter of seconds is of enormous immediate benefit to banks, and those forms are the initial focus of this announcement.
IBM has announced a new blockchain banking solution that will help financial institutions address the processes of universal cross-border payments, created to reduce the settlement time and lower the cost of completing global payments for businesses and consumers.
IBM wants to make global payments easier for both lender and borrower, across currencies, and regardless of the borrower's location - meaning, those in developing countries have a shot at borrowing, too. That network, being used by members of the Advanced Pacific Financial Infrastructure for Inclusion, eventually is expected to process up to 60% of all cross-border payments in the South Pacific's retail foreign exchange corridors including Australia, New Zealand, Fiji, Samoa and Tonga by early next year. As Dream Payments provides a solution that allows businesses to sell from anywhere and accept payments from any tablet or mobile device, the goal is to help SMBs and financial institutions deliver mobile solutions faster.
Harley-Davidson's Q3 earnings down
Ahead of the Tuesday morning release, speculative players are active, with HOG option volume rising to nine times the norm today. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.39 by $0.01.
Blockchain, which is based on a disparate network of the computer to build an indelible, tamper-proof record of latest transactions, is popularly associated with a decentralized digital currency called bitcoin (BTC).
To develop and deploy the blockchain process, IBM has gathered a diverse group of partners, including Banco Bilbao Vizcaya Argentaria, Bank Danamon Indonesia, Bank Mandiri, Bank Negara Indonesia, Bank Permata, Bank Rakyat Indonesia, Kasikornbank Thailand, Mizuho Financial Group, National Australia Bank, Rizal Commercial Banking Corp Philippines, Sumitomo Mitsui Financial Group, TD Bank, and other institutions. Big Blue has already been forging blockchain collaborations with several exchanges like the Memphis-based cotton exchange and London Stock Exchange.
"Financial service leaders and FinTechs recognize the need for digital reinvention to compete and win in the banking market", said Frank Attaie, VP of Financial Services at IBM Canada.
Perhaps most clearly, TBH is yet another channel where Facebook can command the time and attention of young people. Facebook is once again making the headlines as the giant has acquired a new tbh app which focuses on the US Teens.
The tech company confirmed via email Tuesday that it disabled the function Monday night due to "strong user feedback". The US technology firm also converted the calorie count into the number of " mini cupcakes " those calories equate to.
The team is confident the game will work on the Switch because of technical analysis done after the release of Doom a year ago . The new advances of this FPS is given in an interview with Marty Stratton and Hugo Martin of id Software.
Bengaluru Development Minister KJ George said the government would adopt the girl, and take care of all her expenses. The minor girl was rescued from the debris but she lost both her parents in the building collapse incident.
The Broncos entered the game with the No. 1 run defense in the National Football League , allowing only 50.8 yards per game. In his place, backup quarterback Brock Osweiler joined the huddle for the team. "I'm fine, a little sore, but I'm fine".
The first real clue that the planned State Visit would not be going ahead in 2017 came in the Queen's Speech in June . London mayor Sadiq Khan - who has clashed with Mr Trump on Twitter - said he "would not object" to a working visit.
Ever since Embiid was drafted by the Sixers, he has battled various injuries that have limited his playing time. He said he was excited about the season, before saying, "I hope they don't have me on a minutes restriction ".
The chemicals allegedly killed and injured people in several states, and surely caused misery to many thousands of people. Rosenstein said the US needs Chinese officials to do more to help the USA crack down on fentanyl labs.
Born on Guernsey, Dotrice joined the Royal Air Force and was trained as a wireless operator and air gunner. The veteran actor, also famous for his role in Amadeus , played Hallyne the Pyromancer in the HBO series.
The incident took place during the team's loss against the Philadelphia Eagles at North Carolina's Bank of America Stadium. Fox 46 Charlotte reported that the victim filed a police report and was treated at the stadium for bruises and scratches.
The Skyjet flight was heading to Quebec City's Jean Lesage International Airport when the drone hit it on 12 October. The incident happened at an altitude of approximately 450 meters and three kilometers (1.8 miles) from the airport.
Microsoft kept quiet on details of 2013 cyber breach
The hackers are considered one of the most sophisticated and unsafe groups in operation, and continues to be active today. Even so, the former Microsoft workers said the database was poorly protected by just a single password.
Trump's wealth down $600m, drops 92 spots on Forbes list
Forbes attributed Trump's decline to a weakening NY retail and office real estate market, and new information about his assets. The magazine further said that the downgrading of his wealth was also a result of "new information" it had collected.
Backed forces take Raqa hospital, raise flag in stadium
Raqqa's stadium also served as an arms depot and one of the Islamic State militants' largest jails in their self-styled caliphate. The forces have thus defeated the last jihadist holdouts in the de facto Syrian capital of their now-shattered "caliphate".
Now you can Order food using Facebook
Also, the application would save your preferences so that you don't have to enter the name of your food or restaurant every time. This is the ability to order food takeout so that hungry FB users will not even need to go away from the website or app.
It's finally going to feel like fall starting on Monday
Behind Sunday evening's cold front, a steady flow of cold air is moving into Central New York on northwest winds for Monday . Full sunshine always put a smile on anyone's face as temperatures reached just over the the lower 60s this afternoon.