Tag: Online Banking

Blockchain-Based Chain ID Brings More Security to Korean Online Banking

Blockchain technology continues to be of great interest to financial institutions all over the world. Although there is a lot more in the way of speculation than working products right now, that’s slowly changing in South Korea. More specifically, the country’s online banking industry just received a major blockchain-based security upgrade. Amazingly, it is its first major improvement in two decades. Blockchain Makes Korean Online Banking More Secure It is evident the blockchain industry could …
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British Telecom Causes Nationwide UK Online Banking Outage

Although online banking is gaining in popularity, the number of outages customers have to deal with continues to increase. For once, the banks themselves were not to blame for today’s outage, as the problem was caused by BT, the largest ISP in the region. A major technical fault is to blame for the incident, although things were resolved around midday. BT Outage Causes Significant Stress In this day and age, …
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New HSBC Outage Shows How Decentralized Bitcoin Network Is Superior

Several banks around the world are working hard to bring mobile and online experiences to their customers. However, not every bank is overly successful in their efforts. HSBC bank has been making headlines several times in recent months for online and mobile banking outages. This time, they claim a denial of service attack is preventing customers from logging in. The Bitcoin network, on the other hand, has never suffered from …
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CoinJar Adds POLi Deposit Option for Bitcoin Purchases

CoinJar is one of the few remaining Bitcoin exchange platforms servicing Australian customers right now. Ever since country officials decided to make bitcoin subject to taxation, most of the exchanges have left the country in favor of less expensive alternatives. CoinJar, on the other hand, is not planning to go anywhere, as they have recently enabled bank account deposits using POLi. Also read: Luxembourg Wants To Become The Top European …
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