Sentences with phrase «network between financial institutions»

From 2008 to 2010, Milne threw himself into the world of payments, becoming an expert on the Automated Clearing House, the 40 - year - old electronic network between financial institutions that's a notoriously convoluted and complicated system.

Not exact matches

So I think that's where we're going to see real penetration and links between the existing financial institutions — some of which run blockchain architecture, some of which don't — and public networks, which will, sort of, drive interoperability.

For example this means creating private blockchain networks that can be used internally or between financial institutions - an approach taken by a number of others, including Swiss bank UBS.

Social media networks have opened up new channels of communication between financial institutions and their clients.

This is the same network used by the Federal Reserve to clear checks between financial institutions.

CENTRE makes further use of the token standard, however, as node operators - whether they be an app operator, a bank or another financial institution - could issue their own ERC - 20 tokens tied to a particular fiat currency to send between other parties on the CENTRE network.

The key difference between those crypto networks and traditional financial institutions is that there is no central authority, like a bank or a government, storing and guarding everyone's money — hence the countercultural appeal.

Stellar.org is a non-profit organization that develops the Stellar network, an open source distributed ledger that provides interoperability between financial institutions and different payment networks.

This network has been set up between large financial institutions in order to facilitate large transactions across borders very quickly.