Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-border transactions, with Paypal partnering with Ernst & Young LLP. Paypal Completes First PYUSD Stablecoin Business Transaction Paypal Holdings Inc. has completed its first…
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Paul Brody’s “Ethereum for Business” gives a basic overview of enterprise Ethereum, while providing real-world use cases of how EY clients leverage the technology. The cryptocurrency market has encountered its share of ups and downs over the past year, but blockchain technology continues to see impressive growth as businesses seek digital transformation. Recent findings from…
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The creditors will receive a monetary equivalent of the value of their lost crypto assets as April 15 2019. Creditors of the bankrupt Canadian crypto exchange QuadrigaCX are set to receive 13% of their total claims as part of an “interim dividend.” According to a May 12 notice to creditors from QuadrigaCX’s bankruptcy trustee Ernst…
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The Brønnøysund Register Center collaborated with EY to open a virtual office in the Decentraland metaverse to reach its next generation of users. The Brønnøysund Register Center, a Norwegian governmental agency, partnered with the Big Four accounting firm Ernst & Young (EY) to step into the metaverse with a new virtual office location. The center…
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Industry experts explain how the Ethereum Merge will impact enterprise adoption for business use cases. A recent report from the Ethereum Enterprise Alliance (EEA) highlights how the Ethereum ecosystem has matured to a point where the network can be used by businesses to solve real-world problems. From supply chain management use cases to payment solutions…
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Jones believes the established firms need to focus on community engagement first before jumping on a trend like NFTs. Magnus Jones, the innovation lead at big four accounting firm Ernst & Young (EY), believes that the Metaverse would be led by the younger generation and cannot be built on the same principles of the corporate…
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Ethereum enterprise adoption is being driven by support from major players such as Accenture and EY. The first stage of the highly anticipated upgrade to the Ethereum blockchain, Ethereum 2.0, is expected to launch by the end of this year. Promising to increase the throughput and lower the latency of the Ethereum mainnet, these steps…
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Enterprise Ethereum is gaining traction among organizations seeking data integrity, but the technology hasn’t reached its full potential just yet. As the blockchain space continues to mature, enterprises are starting to realize the technology’s capabilities. A major promise of blockchain is its ability to connect industries that typically operate in silos, bringing about new opportunities…
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Tokenizing blood may help with supply chain efficiencies, creating a way to trace blood from the donor to the hospital. A system in which health officials would be able to track blood donations from vein-to-vein in real-time, given the complexities of the blood supply chain, may sound impossible. However, using blockchain technology to track and…
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A temporary nuisance for crypto debit card holders, the Wirecard debacle reminds the public of the problems blockchain technology was designed to fix. Some of the most impactful frauds in modern history, from the Enron scandal to the Bernie Madoff investment scheme, were carried out by malignant actors inside or at the helm of corporate…
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