Banks Need ‘Hybrid Approach to Blockchain Technology’: Ripple’s Marcus Treacher
Ripple, which touts itself as the “Global Settlement Network” and has been involved with various banks to move money around the world, has its own ideas about how Blockchain can and can’t help the banking sector. Blockchain has been touted as the be all and end all solution for most if not all of the world’s problems. We have seen the application of Blockchain for everything from gift giving to releasing music. On the face of it, Blockchain appears to be the best possible solution for banking. Bitcoin has already demonstrated that it is possible to move money across the world quickly,....
Related News
Distributed ledger tech startup Ripple has hired SWIFT board member Marcus Treacher as its global head of strategic accounts. Treacher has held a position as one of SWIFT’s more than 20 board members since 2013, where his responsibilities include overseeing its corporate advisory group and serving as a member of its banking and payments committee and technology committee. Until November 2015, Treacher was also global head of payments innovation at HSBC. Now, Treacher will be working from the headquarters of Ripple’s European operations in London. In a press release, Ripple lauded Treacher....
Distributed financial settlement solutions provider Ripple has announced the hire of Marcus Treacher, a veteran in transaction and payment systems banking. Treacher is a former executive at HSBC and member of the Global Board at SWIFT. In a press release, Ripple has announced a new hire in Marcus Treacher, as its new global head of strategic accounts. Treacher is an industry veteran with over 30 years of experience in payment systems and transaction banking. A former executive with a global leadership role at UK-based global bank HSBC for 12 years,Treacher also served as member of the....
Bank of America, Santander and the Royal Bank of Canada have today announced they’ve joined forces to create a global blockchain payments network using Ripple’s distributed ledger technology. UniCredit, Standard Charted and the Westpac Banking Corporation have also joined the effort, which seeks to form the foundation of a global network that performs a similar service as SWIFT inter-bank messaging but with near-instant settlement times. Canadian bank CIBC is also participating. Fundamental to the Global Payments Steering Group’s early mission is the creation and maintenance of a payments....
As we pointed out in our previous interviews with a lot of highly educated and important people inside the financial sector, the banks are looking at Bitcoin and its technology. Recently some banks have come forward into admitting that they are “looking into Bitcoin and the blockchain technology”. Among these banks are 3 Dutch banks: Rabo Bank, ING and ABN Amro. It is true that the Dutch government and financial oversight commissions have urged caution with the whole digital currency. Nevertheless our predictions from last year have rung true. We said in many articles that the banks,....
Waves Enterprise and Conflux Network are working together to enable companies in Asia to adopt hybrid blockchain data storage protocols. Corporate blockchain solutions provider Waves Enterprises has partnered with Chinese decentralized ledger technology (DLT) startup Conflux Network to boost hybrid data transactions in permissioned networks. The collaboration, announced on Thursday, will see Waves Enterprise using its anchoring technology to allow companies to facilitate data transfer across private and public blockchains. Anchoring is a hybrid data storage method that places hashes of....