Blockchain technology is reshaping the face of our global financial system, and it goes far beyond cryptocurrencies alone. Since Bitcoin’s arrival, the conventional finance world has been intrigued by blockchain, Bitcoin’s underlying disruptive technology. Now we are seeing that intrigue being transformed into a full-fledged and active public interest, and the potential onset of popular mass adoption. But why is the white-collar financial world interested in adopting the very technology that holds profound implications for permanently altering “business as usual?” We headed to London in attendance of a conference called Sibos 2019 to find out. Sibos is the premiere financial …

A financial services ecosystem says its protocol enables tokens to be created with compliance in mind, meaning businesses no longer have to worry about the wrong people purchasing their crypto asset. WORBLI — short for the World Blockchain Initiative — enables blockchain builders to issue security tokens that are compliant with particular restrictions, making assets only tradeable in certain parts of the world. Developers can create a ruleset that ensures that transfers follow a customizable framework, replacing or updating the ecosystem a token currently uses. According to the platform, this paves the way for tokens to be specifically designed to …

A blockchain-based company has unveiled plans to roll out a global network of self-service kiosks — enabling millions of unbanked people around the world to pay bills, make purchases and access other financial services. KIBIS says a plethora of services are available through its kiosks. Consumers can pay for gas, water and electricity, book airline tickets and check flight details, subscribe to TV subscription services such as Amazon Prime and Netflix, and buy prepaid vouchers for themselves or loved ones. The payment method accepted by the self-service kiosks will be cash and cryptocurrencies in permitted countries. Other payment options will …