7th December- Industry Monitoring (Spice Money)
- Priyanka Kanodia
- Dec 28, 2018
- 2 min read
Spice Money
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Industry News
SBI Holdings and R3 Join Forces to Promote CordaBlockchain in Asia
Publication- Crypto News
Edition- Online
Date- 07 December, 2018
When it comes to the adopters of cryptocurrency, Japan’s SBI Group is among the leaders. It has done many things to prove that. Not only it has launched an international remittance app in partnership with Ripple, but it has also been working on a number of other crypto and blockchain projects, including its own crypto exchange. Now it turns out that one more such project is being started by the group in partnership with R3.
That’s right. According to a recent news report published by local news outlet Nikkei SBI Group is planning to expand its partnership with R3 and create a joint venture that would promote the use of Cordablockchain in Asia.
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ATM cash withdrawal using UPI app?
Publication-ET Now News
Edition- Online
Date- 07 December, 2018
Cash withdrawal from ATMs (Automated Teller Machines) often get interrupted due to various reasons ranging from banking non-readability of cards, a crack in card, ATM machine not accepting certain types of cards and ATM running out of cash, etc. Sometimes, cash withdrawals take much more than anticipated time if the cards are too old. Going ahead, one would be able to withdraw cash from ATMs without a card.
According to a TOI report, it may be possible for bank customers to withdraw cash from ATMs with a help of QR code available on ATM’s screen. AGS Transact Technologies, a financial company which provides digital payment solutions to banks, has developed a solution through which cash can be withdrawn by using Unified Payments Interface (UPI) platform.
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