PNC + RIPPLE: PNC, the Pittsburgh-based banking giant, has linked up with Ripple to use its technology for cross-border transacting. The bank aims to facilitate easier payments using xCurrent, the technology product developed by Ripple. PNC had prevously completed pilot initiatives with Ripple, and today's announcement marks the next step in that partnership. "Providing instant payments instead of waiting two to three days, that sounds like a short time, [but] that's two to three days without access to capital. Having that is a real game-changer," Asheesh Birla, Ripple's senior vice president, told CoinDesk. Initially, PNC will allow only incoming transactions, but the bank plans to eventually transition to full use of xCurrent for cross-border payments. Full Story ENTERPRISE SHAKE-UP?: Has the consoldation of the enterprise blockchain space begun? Speaking with CoinDesk during CordaCon last week, R3 chief technology officer Richard Gendal Brown said he believes such a shift is taking shape today. He argued that there are only three contenders in this still-nascent ecosystem: his company's own Corda, Hyperledger and an offshoot of the ethereum network. But Brown had harsh words for the latter, telling CoinDesk: "I don't think ethereum is going to go anywhere, to be frank. They have announced they are going to rewrite everything from scratch; that's why I say that." Full Story POT OF CRYPTO-GOLD: Another cryptocurrency startup is seeking to bridge the worlds of blockchain and precious metals. The Switzerland-based company Eidoo has announced the launch of the ekon, a gold-pegged stablecoin. This ERC-20 compatible token, Eidoo claims, will be exchangeable for one gram of 99.9 percent fine gold. The company says that the stablecoin is compliant with KYC and Swiss regulations, and that it will let buyers keep their own eye on the goal via a live video stream. Full Story |