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Mastercard, the American payments giant, has initiated its ventures into blockchain technology by filing a patent outlining a blockchain based payments platform. To allow users and companies to track crypto, process transactions while making use of a fractional banking system. As outlined in the patent : Accordingly, the use of traditional payment networks and payment systems technologies in combination with blockchain currencies may provide consumers and merchants the benefits of the decentralized blockchain while still…

The United Nations is set to give Sierra Leone a helping hand as it launches the Kiva project intended to use blockchain technology to help civilians get banked. The not for profit project will be developing over the next 3 years with the aim of getting the unbanked onto a basic financial platform. The country which has a limited credit infrastructure comprising of a solo credit bureau serving only 2000 customers throughout the country, will…

The Lloyds banking group has announced that it will no longer allow its customers to purchase bitcoin via credit card. Affecting a number of banks such as Halifax and the Bank of Scotland, MBNA, the group has announced the decision as a precautionary measure for its users preventing them from entering unnecessary debt. Following on from a handful of American banks including JP Morgan Change and the Bank of America, some have viewed the latest…

Goldman Sachs chief banking technician let slip his analysis on Bitcoin markets, predicting Bitcoin prices will hit a new all time high of $3900 after the current stable period is completed. Essentially the report highlighted the current conditions as sideways movements which would eventually yield a rise to the predicted all time high of $3212. In the meanwhile prices can move up or down but lows are predicted to remain above the $1800 mark.  …

Bitcoin in the insurance realm has already been an idea discussed in Europe. However as of recently major insurers in the area have formed what is to be known as the B3i group aimed at delivering a blockchain based insurance solution in line with projects in development at similar collectives such as the R3 consortium. “We want to be at the heart of these developments and see Blockchain as one of those potential catalysts for…