Search Results for: transfer speed

Optimism Plans to Enhance L2 Scaling Network With ‘Bedrock’ Upgrade in March 

by

The Ethereum scaling network Optimism, which operates as a layer two (L2) network, announced plans to upgrade its network in March. The upgrade, named “Bedrock,” aims to increase transfer speed, lower fees, and enhance compatibility with the Ethereum Virtual Machine (EVM)….

UNHCR Launches Blockchain Payment Solution to Support Ukrainians Displaced by War

by

The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) in Ukraine. According to the agency, the use of the blockchain-based cash distribution system ensures…

Bank of Russia Aims for Full Launch of Digital Ruble in 2024

by

The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, according to a paper detailing its monetary policy priorities for the 2023 – 2025 period. As the development of the state-issued digital…

Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks

by

A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers say their system would not allow the disconnecting of countries…

Bank of Russia to Pilot Digital Ruble Settlements in 2023

by

Russia’s monetary authority intends to conduct the first settlements with the digital ruble next year, its governor announced this week. Speaking to Russian lawmakers, the official highlighted the important role the new currency is going to play for Russia under sanctions….

Crypto Settlement Startup Zebec Gets $15 Million to Craft Programmable Cash Stream Payments

by

The multi-signature treasury management and settlement startup Zebec has revealed the company has raised $15 million in order to bolster a continuous and programmable cash stream protocol on the Solana blockchain. Zebec says the company aims to be the “payment solution…

The First of Its Kind Metachain Project, ShuttleOne Joins Tezos Protocol

by

PRESS RELEASE. ShuttleOne, the latest project to embrace Tezos, to soon drive adoption and liquidity while resolving blockchain fragmentation. Singapore: Tezos, the highly scalable, self-amending proof of stake blockchain protocol is opening its arms to ShuttleOne – a one of its…