German Banks Authorized to Store Cryptocurrencies in 2020 for Clients

German Banks Authorized to Store Cryptocurrencies in 2020 for Clients

Next year German banks will be able to manage cryptocurrencies like bitcoin after the fourth EU money laundering directive goes into effect. The directive passed in the German parliament, Bundestag, allows banks in the country to act as cryptocurrency custodians.

Citi Group Touts its platform for Real-Time Cross Border Payments

Citi Group Touts its platform for Real-Time Cross Border Payments

Citi Group Bank made an announcement via Business Wire that as previously reported in October of 2018, Citi it has launched a new cross-border platform, using RTP (real-time payments) to help its multinational clients manage the complexities in collecting cross border business-to-business payments, by digitizing the transaction process and embedding FX capabilities.

Wells Fargo Launches Ability to Send 'Real-Time Payments' on the RTP® Network

Wells Fargo Launches Ability to Send ‘Real-Time Payments’ on the RTP® Network

Wells Fargo announced today that its corporate customers can now send real-time payments through the RTP® network via an application programming interface (API), enabling the immediate movement of money and expanding the bank’s faster payments offerings.

HSBC Launches Real-Time Payments For Businesses via RTP Network

HSBC Launches Real-Time Payments For Businesses via RTP Network

HSBC Bank has launched real-time payments capabilities on the RTP network that gives businesses the ability to send and receive real-time payments, the company said in a press release Monday (Nov. 18), via Business Wire. HSBC is said to be a member of the R3 consortium.

https://bitcoincryptocurrencylist.com/stellar-lumens-randomly-burns-55-billion-tokens-proving-its-manipulative-and-decentralized-nature/

Stellar Lumens Randomly Burns 55 Billion Tokens

The Stellar Development Foundation (SDF) announced a new mandate today for its network’s development, stating that it has burned over 55 billion Stellar Lumens (XLM) tokens According to a Medium post on Nov. 4, the development foundation drastically reduced the number of tokens in existence as part of an effort to become more efficient, and due to a lack of actual usage and/or purchase of the stellar lumens token, as it moves forward.