Deutsche Bank

The financial conglomerate Deutsche Bank has joined the Interbank Information Network (IIN) blockchain system, according to the Financial Times. The system developed by the American investment bank JPMorgan is designed for interbank messaging about international payments through the Quorum blockchain. Prior to this, the network was mainly used by small banks and JPMorgan customers. JPMorgan expects Deutsche Bank to be the only major player to join the network. […]

Expectations to reduce the base interest rate of the US Federal Reserve are one of the reasons for the recent rapid growth of Bitcoin, as well as investor interest in the cryptocurrency market. About this in a conversation with CNBC, said the head of the department of credit strategies of Deutsche Bank Jim Reed. “If central banks are just as aggressive, alternative currencies will become much more attractive,” said the representative of the largest financial conglomerate […]