News
Blockchain tech could purportedly reduce the timeline of bank guarantees processes by days.
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Commonwealth Bank of Australia News
The Commonwealth Bank of Australia is a multinational bank with businesses in United Kingdom, United States, New Zealand and some Asian countries. The Commonwealth Bank of Australia was established as a governmental bank in 1911 but was fully privatized in 1996. It is headquartered in Sydney, Australia. It has divisions in retail banking services, business and private banking, institutional banking and markets, international financial services and wealth management. The Commonwealth Bank of Australia’s stock prices steadily grew since its privatization until the crisis of 2008, when it went down to a price similar to that of 2002. It recovered pretty quickly and the Commonwealth Bank of Australia’s stock reached its historical high in March 2015, when its price was close to 96 Australian dollars. The Commonwealth Bank of Australia’s NetBank is considered to be the best online bank in Australia and is available via web services and mobile applications.
- News
The Commonwealth Bank of Australia is working on a token and a blockchain trading platform meant to facilitate investments in sustainable development.
2900 Austrac, Australia’s financial crime control agency, has alleged that the Commonwealth Bank of Australia had delayed or failed to report more than 50,000 cases of suspicious transactions of cash deposited through its automated cash deposit machines.
58851A ship has left Houston, Texas, headed for Qingdao, China with 88 bales of cotton. A smart contract to authorize payments for these bales through an entry on the Blockchain will be tested.
1483National Australia Bank and the Commonwealth Bank of Australia will be taking part in a joint project led by global financial innovation firm R3
666As much as the financial establishment hates to admit it, Bitcoin is a major economic and technological advancement, and it's not going anywhere.
622Cointelegraph has compiled a list of some of the most notable banking giants experimenting with Bitcoin’s underlying technology.
1671The state of Ecuador has ordered financial institutions in the South America country to adopt the Official Electronic Currency, Playboy has published an article about Bitcoin and more news
892"Big four" Australian bank, the Commonwealth Bank of Australia (CBA), has announced its plans to integrate Ripple and use the distributed network to transfer funds between its subsidiaries.
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