Congress Weighs Digital Dollars for Aid After Stalled COVID-19 Stimulus Payments

In the aftermath of disappointingly slow COVID-19 stimulus payments, Congress hears testimony on using digital dollars to upgrade the U.S.’s legacy financial infrastructure. On June 11, the Congressional Fintech Task…

Continue ReadingCongress Weighs Digital Dollars for Aid After Stalled COVID-19 Stimulus Payments

Chinese Bank Issues Commercial Paper Worth $16.9 Billion on Blockchain

A Chinese commercial bank issued China’s first asset-backed commercial paper worth $16.93 billion on a blockchain. China Zhe­shang Bank, a national commercial bank, used blockchain technology to issue an asset-backed…

Continue ReadingChinese Bank Issues Commercial Paper Worth $16.9 Billion on Blockchain