Altcoin News by Thebittimes.Com

Mastercard has teamed up with Feedzai to alert about suspicious crypto transactions in real time. Payments giant Mastercard has entered into a partnership with Feedzai, an artificial intelligence (AI) powered risk management system, in a bid to increase crypto fraud protection among trading platforms. In a press release on Nov. 20, Feedzai said both companies will integrate Mastercard’s blockchain forensic product, Ciphertrace Armada, into Feedzai’s platform dubbed RiskOps. You might also like: Mastercard sees no justification for consumers to use CBDCs With the combined technologies, Mastercard and Feedzai want to let financial institutions intervene in unauthorized transactions in real-time to stop payment before funds leave a victim’s account on a crypto exchange. “We are delighted that, through this new partnership, we are able to go further, by helping to stop fraud and payments to scams before they take place, giving customers more choice, ...

A newly formed organization will begin a dialogue among central banks to support adapting technical standards of different CBDC solutions. The Nobel Sustainability Trust (NST), a charity established by the members of the Nobel family, is set to push the adoption of central bank digital currencies (CBDCs) with a new initiative called Central Bank Digital Currency Collaboration Organization (CBDCCO). According to a press release, the program aims to facilitate “efficient and reliable carbon asset life cycle management” for central bank digital currencies. You might also like: Switzerland to launch CBDC pilot on SIX Digital Exchange With CBDCCO, the trust wants to begin a dialogue among central banks to support integrating “innovative digital financial infrastructure” developed by central banks and organizations such as BIS, IMF, and World Bank. “Digital currencies present a unique opportunity to rebuild and reshape our financial systems with...

The bank also plans to expand support for fiat currencies to deal with JPM Coin other than the U.S. dollar and euro. JPMorgan’s blockchain-powered stablecoin JPM Coin, pegged to the U.S. dollar, has reached the $1 billion mark in processed daily transactions as the bank keeps betting on blockchain. In an interview with Bloomberg on Oct. 26, JPMorgan Chase global head of payments, Takis Georgakopoulos, said the bank is now weighing its options to launch a retail version of the currency to bring “that same efficiency to consumers.” You might also like: JPMorgan launches new tokenization platform Although JPMorgan recently launched euro-supported payments with JPM Coin, the digital token has been used “mostly” with U.S. dollars. The New York City-based financial giant is now considering expanding support for other fiat currencies, Georgakopoulos said, without going into details. “JPM Coin gets transacted on a daily basis mostly in US d...