Three French Banks Join R3 Corda Blockchain-Based Loans Platform

Three French Banks Join R3 Corda Blockchain-Based Loans Platform 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

British financial software firm Finastra has signed three global banks on its R3 Corda blockchain-based syndicated loans platform, the firm officially announced on May 14. France-based banking institutions BNP Paribas, Natixis, and Societe Generale have officially joined Finastra’s syndicated lending platform Fusion LenderComm, following previous pilots back in 2017. Based on blockchain consortium R3’s open source blockchain platform Corda Enterprise, Finastra’s Fusion LenderComm reportedly enables banks to instantly share credit agreements, accrual balances and position data to lenders. Cécile Bartenieff, Chief Operating Officer of Global Banking and Investor Solutions at…

Bitcoin Buyers are ‘Dumb, Inexperienced Kids’: Gold Investor Slams Crypto

Bitcoin Buyers are ‘Dumb, Inexperienced Kids’: Gold Investor Slams Crypto 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: Gold investor Peter Schiff unleashed yet another savage takedown of bitcoin at this weekend’s SALT Conference. Schiff touted the same usual criticisms of bitcoin, calling it a “pump and dump scheme” that has “no value to hold.” But in a particularly aggressive statement, he managed to criticize an entire generation: “A bunch of young inexperienced kids are going to be dumb enough to buy bitcoin. Maybe they will. But as they get older they’re going to learn better.” When it was pointed out that half the audience owned…