SBLOCK continues to see the SEC regulating the cryptocurrency and exchange industry as a good thing. It adds validity to cryptocurrencies and tokens as a form of exchange. The industry could use more investor protection and market integrity in the wake of the FTC scandal. The price of Bitcoin, the leading cryptocurrency continue to rise and fall and seems to be on it’s way up for the halving.

There are still CDBC (Central Bank Digital Currencies) expected to be released but no one except the Bahamas has actually created one. The politics of money continues while El Salvadore benefit from using Bitcoin as it’s means of exchange. The utiltiy of the BlockChain proves itself.

At SBLOCK we know that the BlockChain and cryptocurrencies are the future of Financial Technology.

El Salvador, the country that decided to make Bitcoin a legal tender has seen it’s bonds increase by 70% for 2023.  We like to call “The little country that could”.- So they did.  Now investors from over the globe are paying attention.  Such as one of my favorites JP Morgan Chase, where one of there strategist wrote,

“Although we missed a significant share of the rally, we still think there’s value across El Salvador’s curve. There’s room for this credit to keep outperforming.”

It’s another win for Bitcoin.  Coin Telegraph has the full story.

SBLOCK is looking forward to data coming out of the fed now system. A month ago (June 29, 2023), 57 institutions were said to have been certified to utilize the “FedNow” instant payment system. we look toward analyzing the data from the usage of that system.  According to the Federal Governments website, they look forward to onboarding 10,000 U.S. financial Institutions.  We do hope that FedNow welcomes financial institutions from all over the world.

Organizations that have completed certification in the FedNow Service

Participants

• 1st Bank Yuma
• 1st Source Bank
• Adyen
• Alloya Corporate Federal Credit Union
• Atlantic Community Bankers Bank
• Avidia Bank
• Bankers’ Bank of the West
• BNY Mellon
• Bridge Community Bank
• Bryant Bank
• Buffalo Federal Bank
• Catalyst Corporate Federal Credit Union
• Community Bankers’ Bank
• Consumers Cooperative Credit Union
• Corporate America Credit Union
• Corporate One Federal Credit Union
• Eastern Corporate Federal Credit Union
• First Internet Bank of Indiana
• Global Innovations Bank
• HawaiiUSA Federal Credit Union
• JPMorgan Chase
• Malaga Bank
• Mediapolis Savings Bank
• Michigan Schools & Government Credit Union
• Millennium Corporate Credit Union
• Nicolet National Bank
• North American Banking Company
• PCBB
• Peoples Bank
• Pima Federal Credit Union
• Quad City Bank & Trust
• Salem Five Bank
• Star One Credit Union
• The Bankers Bank
• United Bankers’ Bank
• U.S. Bank
• U.S. Century Bank
• U.S. Department of the Treasury’s Bureau of the Fiscal Service
• Veridian Credit Union
• Vizo Financial Corporate Credit Union
• Wells Fargo Bank, N.A.

Service Providers

• ACI Worldwide Corp.
• Alacriti
• Aptys Solutions
• ECS Fin Inc.
• Finastra
• Finzly
• FIS
• Fiserv Solutions, LLC
• FPS GOLD
• Jack Henry
• Juniper Payments, a PSCU Company
• Open Payment Network
• Pidgin, Inc.
• Temenos
• Vertifi Software, LLC