TagSBI

India's Biggest Bank Plots Scary Debit Card Kill-Switch Similar to Crypto Ban

SBI, Crypto, Bitcoin, ATM

By CCN Markets: India's largest bank, the State Bank of India (SBI), has announced an initiative yesterday in which the state-owned financial institution seeks to eliminate debit cards to promote digital transactions. In light of the SBI's ambitious project, it has now become clearer that India's last month plans to ban all crypto assets is total nonsense. 'Let's digitize payments, but we should...

What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin

SBI Bitcoin mining

SBI Holdings, a major financial and banking giant in Japan, has formally announced the launch of SBI Mining Chip Co., Ltd., officially entering the bitcoin mining industry. In recent months, the most dominant forces in the global bitcoin mining industry in the likes of Bitmain, Cannan, and Japanese internet conglomerate GMO have struggled to adjust to market conditions. As the bitcoin bear market...

Ripple Price Tests All-Time Highs on News of Further Penetration into Asian Markets

The ripple price leaped more than 15 percent on Wednesday in response to news that SBI Ripple Asia had entered into a partnership with several major Japanese credit card issuers. Ripple Price Leaps 15 Percent The cryptocurrency markets made a general advance on Wednesday, but no top-tier coin rose at a quicker pace than ripple. The ripple price swelled more than 15 percent, rising as high as $1...

State Bank of India Announces Financial Blockchain Consortium ‘Bankchain’

Government-owned State Bank of India (SBI), the largest bank in India, is taking the lead in the launch of a financial blockchain consortium that will include privately-owned banking giants and technology companies. First announced last week, the SBI is leading the initiative toward a collaborative effort across the banking industry to develop blockchain solutions in finance. Under a common roof...

India’s Govt-Owned SBI will Launch Wholly Digital Bank

India blockchain rupee

India’s largest bank by assets, the State Bank of India (SBI), will be the first in the country to embrace branch-less banking by launching its digital-only bank, SBI Digi Bank. The move by India’s largest bank is significant, in a country that is exhaustingly reliant on banking at physical locations. The digital bank will see a launch sometime in the next 3-6 months, according to a report in...

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