Deutsche Bank joins crypto payments network, 20% of UK milennials have invested in Bitcoin and also HTC launches crypto enabled smartphone
Here is your daily overview of important, interesting and market moving cryptonews.
Deutsche Bank Joins Crypto Payments Network
JPMorgan’s blockchain-based payments initiative has added Deutsche Bank as its latest member. The addition brings the total number of banks signed up for the Interbank Information Network to 320.
JPMorgan’s INN is built on Quorum, the ethereum-based blockchain network developed by the banking giant, and employs a stablecoin dubbed JPM Coin.
Deutsche Bank’s global head of cash management, Ole Matthiessen, refers to this event as an “important step”:
“IIN brings efficiencies by writing all the data on payments a shared ledger, thus allowing problematic payments to be resolved more quickly and with less manual processes.”
20% of Affluent UK Millennials Have Invested in Bitcoin: New Survey
London-based law firm Michelmores LLP has surveyed affluent millennials in the United Kingdom and discovered that 20% have invested in Bitcoin and other cryptocurrencies.
The survey, reported by FXStreet on Sept. 17, contains data of peopleborn between 1981 and 1996 with investable assets of £25,000 ($31,000) or more.
As FXStreet notes, this 20% figure is markedly higher than the national average of 3% — indicating that well-off millennials in the U.K. are almost 7 times more likely to invest in cryptocurrencies than the general public.
HTC Smartphone Adds Built-in Wallet for Bitcoin Cash
Bitcoin.com announced a partnership with HTC to support Bitcoin Cash (BCH) on its smartphones. Bitcoin.com states that the phone supports BCH without having to download a BCH wallet from an app store.
With this move, HTC joins the race with LG and Samsung’s Klaytn blockchain smartphone.
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