Banking When the Bank is Shut – Token Maximalism

In this post I describe why freeing financial assets from the books of custodians and returning control of them to their owners could create significant benefits to an economy. This brings together concepts from traditional finance, cryptocurrencies, and enterprise blockchains. The post Banking When the Bank is Shut – Token Maximalism appeared first on Bits on Blocks.

Developments in blockchain: Shaping the future of insurance

The openIDL is an open blockchain network that streamlines burdensome and expensive regulatory reporting, providing new insights for insurance carriers while increasing the timeliness, accuracy, and value of data reports for regulators. In order to provide insight into the health of the insurance market, U.S. state insurance regulators enacted laws more than 70 years ago […] The post Developments in blockchain: Shaping the future of insurance appeared first on Blockchain Pulse: IBM Blockchain Blog.

USDC payment processing in Coinbase Commerce

Using non-custodial smart contracts to process ERC20 payments at scaleTable of Contents— Intro?—?How Coinbase Commerce works?—?30k foot overview?—?Non-custodial by design?—?Naïve solution?—?Forwarding contracts?—?Reducing transaction sizes?—?Optimizing for off-chain whenever possible?—?Minimizing deployment costs?—?ConclusionCoinbase Commerce’s mission is to be the easiest way for businesses to accept cryptocurrencies. We launched in February of 2018 supporting BTC, ETH, LTC, and BCH, making it simple for anyone to start accepting cryptocurrencies in a couple of minutes. While our merchants love the ability to instantly transact with customers anywhere in the world, many have expressed concerns with the volatility of cryptocurrencies given fiat-denominated business costs.Unlike traditional cryptocurrencies, stablecoins such as USD Coin (USDC) …