Major Bank HSBC to Buy Virtual Lands on Sandbox

HSBC has become the most recent bank to enter the metaverse. As a result, it joins an array of financial institutions interested in virtual properties. Not long ago, Siam Commercial Bank and JP Morgan also announced the launch of their virtual headquarters. HSBC Joins Institutions Invested in the Metaverse HSBC Holdings Plc, headquartered in London, is Europe's second-largest bank, with an estimated equity of US$206.777 billion as of December 2021.  The British bank's intentions about a digital future have been…

BNPP, Citi, HSBC, StanChart partner with Marketnode for bonds

Several big banks have announced today they are partnering with Marketnode for the Q4 of 2021. Citi, Barclays, BNP Paribas, BNY Mellon, HSBC, UOB, and Standard Chartered. Essentially, the banks are one the first adopters of the program. A Formidable Partnership Marketnode will co-create end-to-end DLT solutions and provide input for the development of the program. In addition, it will explore the expansion of the product beyond fixed income. DLT is a Distributed Ledger Technology digital system. This records the details of…

Top UK Bank Will Not Process Bitcoin Transfers from Exchanges

A recent report from The Times revealed that HSBC, one of the largest banks in the UK, was barring bitcoin holders from cashing out their gains. The report added that some of Britain's largest banking institutions refused to accept credit cards for crypto purchases.  This blatant anti-crypto stance from banks only adds to hassle for holders who wish to take advantage of bitcoin's record-breaking rally. One user commented that banks' failure to process digital asset payments would result in users…