Finance News

Story: Commercial Giants Willing To Test Cryptocurrency Waters

By Maheen Hernandez

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Retail giant, Walmart Inc., applied to patent the usage of the digital coin which will be pegged to a traditional fiat currency.

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Walmart has been ahead of many others in the process of adopting blockchain technology. They are already making use of blockchain to track products along their supply chain.

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Ripple's business is built on the process where financial institutions are provided with infrastructure to facilitate currency trades and international payments.

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The centralization of Ripple's system has led to several critics denying XRP to be a real cryptocurrency.

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The FCA of UK has warned of significant dangers associated with the unregulated cryptocurrency market, including the Bitcoin.

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Market integrity, fraud, manipulation, internal dealings, and volatility have increased major concerns about these tokens.

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In a class-action suit, Chase Bank, in its argument recently stated that cryptocurrencies are a kind of electronic cash and therefore "billing cryptocurrency purchases of its…

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Katherine Failla, U.S. District Judge stated, cash is a government-issued currency according to arguments presented by the customers per the customers and that their argument is…

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