Sentences with phrase «pseudo-peer-to-peer money transfer system»

The traders enjoy high yields here and the money transfer systems are very secure.

QIWI plc in its $ 167 million acquisition of the Contact money transfer system and the Rapida payment processing system from Otkritie Holding JSC.

QIWI plc in its acquisition of the Contact money transfer system and the Rapida payment processing system from Otkritie Holding JSC; and Yirendai Ltd. in its $ 75 million IPO and listing on the New York Stock Exchange;

One well - known example is M - Pesa, the money transfer system launched in Kenya in 2007.

Blockchain technology is breathing new life into various industries, with banks, money transfer systems, payment networks and even asset exchanges looking for...

Japanese IT giant Fujitsu and three major banks have announced plans to pilot a peer - to - peer money transfer system built with blockchain technology.

The additional duties of the self - regulatory organization (SRO) will also include the development of proof of concept (PoC) for DLT - based money transfer system among the banks.

But what's interesting about this is that majority of these people don't have access to traditional money transfer systems.

In September of this year, a joint venture between SBI and blockchain payments startup Ripple announced it will soon begin testing a money transfer system using distributed ledger technology between Japanese and South Korean banks.

While he doesn't like calling it a «pivot,» Wyre CEO Michael Dunworth revealed the evolutionary process of turning bitcoin payment processor Snapcard into a blockchain - based money transfer system on the most recent episode of the Boost VC Podcast with Adam Draper.

Not exact matches

On Tuesday, Garlinghouse also told a Goldman Sachs technology gathering that Ripple and XRP are a cheaper and faster solution to money transfer than bitcoin or the legacy SWIFT system.

M - Pesa is a transfer service that allows users, via a text messaging system, to authorize the transfer of money from one person to another.

That's why Western Union is interested in a pilot program — on a system like Bitcoin or Ripple, a transaction takes mere minutes to complete and at a much lower cost than traditional money transfers.

The bank might have a different bloc chain - based system in place for transferring loan information and another for moving money.

Now, more firms are experimenting with «smart contracts» that execute themselves: A blockchain system can, for instance, release money from escrow once one party to a contract transfers a deed.

Banking and payment systems require passwords and / or PINs, so someone can't just pick up your phone and start transferring money out of your account.

In contrast to the traditional banking system, which runs wire transfers through the Automated Clearing House, Uphold's value proposition is the ability to send someone money more quickly and more cheaply.

The bitcoin system can transfer significant amounts of money to the other side of the planet, within minutes, at almost no cost.

Wiring money through existing interbank transfer systems is much more expensive and slow in comparison.

It says it did submit some reports on large money transfers late, blaming systems errors, and fell short on assessing risks related to so - called «intelligent deposit machines».

If anyone tried to game the system by erasing an old transaction (so he could re-use the same money again) or adding an unwarranted new one (transferring the same money as before, say), he would be promptly found out, his proposed log discarded, and the transactions rejected as invalid.

Those backers believe cryptocurrencies and the «blockchain» technology underpinning them will transform the way money is stored and transferred, upending the conventional banking system.

According to the report, because cryptocurrency exchanges and wallet providers are under no obligation to identify suspicious activity, terrorist groups are able to transfer money into the EU's financial system, taking full advantage of the degree of anonymity provided by virtual currency platforms.

Furthermore, Germany's central bank, the Bundesbank, reported this week that imbalances in Europe's so - called Target2 settlement system, in which euro - zone central banks and the ECB transfer money across the common currency union, have declined.

Samsung Electronics announced that its mobile payments system, Samsung Pay, will now offer money transfer services at some Korean banks.

Our long - term vision is to have a completely decentralized system for storing, managing and exchanging between digital assets for investing, payments, and money transfer.

Where financial systems were previously clunky, slow, and expensive to use, bitcoin provides a common language that computers can use to transfer money quickly and securely, and at a potentially much lower cost because it is a system with no intermediaries or banks.

Regardless of whether it is implemented via an emperor surreptitiously reducing the precious - metal content of the coinage or by the banking system (the central bank and the commercial banks) creating new currency deposits out of nothing, monetary inflation is a method of forcibly transferring wealth from the rest of the economy to the first users of the new or debased money.

Such buying should push up asset prices, keeping the amount of money in the financial system the same (being simply transferred from buyers to sellers).

Access to Canadian Western Bank's E-Pay System — allowing you to transfer money to bank accounts with other financial institutions.

A spokesman from the Central Bank said that the hackers had taken control of a computer at the bank they were targeting and used the SWIFT system to transfer money to their own accounts.

Nor does the notion of an all - powerful world system seem unduly bizarre in this era of global corporations, instant money transfers, gargantuan media conglomerates and the WTO.

However, there's a system in place that forces some of the wealth to trickle down: Thanks to the transfer market, Barcelona had to pay # 94.50 million to acquire Ousmane Dembélé from Schalke's Ruhr - region rivals Borussia Dortmund, who could then use that money to buy a handful of players who, if everything goes to plan, Barcelona will again try to buy in a couple of years.

I swear, this transfer window system was introduced just as a way for agents to make more money (and hence the kickbacks).

I guess that all the money is foreign, and will be transfered between banks and different systems.

The new pay system to which over one million NHS employees have been transferred is not yet proving value for money, a public spending watchdog has warned.

Undoubtedly we will be using such a system to control monetary payments and transfer on Earth before a system could possibly function in space that required money independant of that spent on Earth.

An entertaining but unnecessary solution to a problem that will never come about, from a study apparently based on a flawed premise: «None of the existing payment systems we use on Earth — like cash, credit or debit cards — could be used in space...» What about computerised electronic transfers of money?

Employing a tedious deposit system, consumers who use From Japan must first set up and transfer money to a From Japan account before even placing a bid.

AUSTRALIAN ASSOCIATED PRESS - Aug 11 - Following reports that 43 Australians have lost more than $ 100,000 each this year, with some victims sending more than $ 1m overseas over several years, the Australian Competition and Consumer Commission (ACCC) is joining forces with government anti-money laundering agents to implement an alert system for suspicious cross-border money transfers.

The wire transfer systems may warn their clients against of sending money for visas and tickets to people they have never met in person.

Details about the plan remain vague, but it would appear that Governor Malloy has decided to side with the charter schools and begin the «money follows the child» system in which scarce dollars used to help pay for education in existing school districts would be transferred to the charter schools.

Governor Malloy has decided to side with the charter schools in begin the «money follows the child» system in which dollars used to help pay for education in existing school districts would be transferred to the charter schools.

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While the system made headlines shortly after 9 - 11, where it was alleged that hawala was used to make money transfers to the terrorists (an allegation that was later disproved), hawala has been around since the Middle ages.

The lenders in our system have online systems which make it possible for you to repay the loan through electronical money transfer.

I then called Discover Card and had them transfer the money to my checking account once it cleared their system.

A superior on line banking system where you can check your balance, pay your bills with bill pay, look through your transaction history, set up alerts to be sent right to your mobile phone, transfer money into or out of your account, find ATM locations and more.

Currently, the system is rigged against the middle class because everything is geared toward taking your money and transferring it to banks and investment companies who are often one and the same due to legal changes that have favored the wealthy at the expense of the middle class.