Unionbank in Philippines showcases Bitcoin mining equipment
Bitcoin continues to attract the attention of financial institutions. The largest bank in the Philippines, Unionbank, has presented its Bitcoin mining equipment during a business conference.
This marks the first large bank publicly mining Bitcoin.
India’s Infosys partners with banks for blockchain-based trade finance network
Infosys is exploring blockchain technology to bring new efficiencies to trade finance.
The blockchain-based trade network has been designed to digitize trade finance business processes and covers areas such as ownership validation, certification of documents and payments.
Going forward, the group aims to create a “comprehensive blockchain ecosystem, thereby contributing towards greater adoption of this technology,” said Ajay Gupta, senior general manager at ICICI Bank.
Tel-Aviv stock exchange to use blockchain for new lending platform
The Tel Aviv Stock Exchange is teaming up with Accenture and The Floor, an Israeli fintech hub, to build a blockchain securities lending platform aimed to allow direct lending of all financial instruments.
The platform will act as a “one-stop-shop for all securities lending activities, permitting access to larger securities volumes within shorter time-frames, even operating in shorter-term positions,” a press release states.