The World Economic Forum site has released an article on how blochchain may be able to assist the two billion people who fall in to the unbanked category.
Circle Launches Fee-Free Cross Border Payments
Circle Internet Finacnial, a payments blockchain startup, has announced the launch of no–cost cross-border transactions to its users.
As part of the roll-out of the startup’s service upgrade, customers in the US, much of Europe and the UK will not have to pay fees or mark-ups on foreign currency exchanges. The company also provides instant transactions for users that send funds between these countries.
The upgrade comes after the startup cringed from its Bitcoin buying and selling services, though at the time the startup said it still planned to use blockchain behind the scenes, as Coindesk states.
Singapore to Test Blockchain for Diamond Trading
Singapore Diamond Investment Exchange (SDiX) has teamed up with two blockchain startups to trial blockchain verification for diamond trading.
The exchange is working with Kynetix, which develops blockchain-powered commodity marketplaces, and Everledger, which uses the tech to track the trade of diamonds, to authenticate a proof-of-concept aimed at creating verifiable trails for precious stones.
According to a press release for CoinDesk, the concept is designed to enable holders of diamonds with certificates from a verification laboratory to authenticate the ownership and authenticity of the diamonds using a distributed ledger. Changes of diamond ownership on SDiX will be updated on the ledger, creating a digital record for market participants.
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