Category Archives: Investor

Latest funding round completed

Although securing private funding has proven a difficult path for many Australian tech companies, Bluechain has continued to fund its development from private and institutional sources. In doing so, Bluechain is following a path more commonly seen in Silicon Valley start-ups, in which IPO and trade sale options are pushed further down the timeline, allowing seed investors to maximize return…

Around the world in 60 days: Payment challenges are universal

While you may not have heard of Bluechain yet, we’ve been busy talking to and sharing our vision with the payments industry. In the past 60 days, I’ve logged close to 100,000 miles across four continents and have talked with dozens of tier I and II banks, central banks, regulators, payment service providers and merchants to get a pulse on…

Are the domestic card schemes doomed?

In some countries, in-store payments are still dominated by their domestic card schemes, like Interac Debit in Canada and JCB in Japan. When compared with international card schemes, domestic card schemes typically offer significant cost advantages to consumers and merchants and are an attractive revenue generator for the local banking industry. Sovereign control of a low-fee payment system also strengthens…

MyState trial enters phase 3

Having successfully completed the phase-2 trial objectives (creation of bank account eCards and nearby user-to-user payments), the MyState-Bluechain trial has now entered the next phase. In Phase 3, we will be testing the new merchant point-of-sale (POS) app and relaxing some of the restrictions on which cards can be linked to eCards. An expanded range of Bluechain and non-Bluechain payment…

Another bandaid or is it time for plastic surgery?

Traditional methods of payment have reached or are rapidly approaching the end of their useful lives. Users of payment systems are increasingly tech-savvy and ready to embrace new payments technologies. But with that savviness comes an increased expectation of simplicity, security, speed, convenience and lower cost. A new generation of payment technologies is sweeping through the industry, which have the…

Money 20/20 post-conference wrap

Following close on the heels of the Sibos conference, Money 20/20 in Las Vegas gave us the opportunity to continue conversations we started at Sibos and to start new conversations with numerous potential partners attending the event. Money 20/20 is the world’s largest payments and financial services innovation event, featuring more than ten thousand attendees, a thousand CEOs, and over…

Sibos post-conference wrap

Sibos, held this year in Geneva from 26-29 September, is the annual conference, exhibition and networking event organised by SWIFT for the financial industry. Sibos is recognized as the premier business forum for the global financial community to debate and collaborate in the areas of payments, securities, cash management and trade. Exhibitors at Sibos are limited to financial institutions, SWIFT…

See us at Money 20/20 in Vegas

You can find us on booth 1351 at Money 20/20 at The Venetian, Las Vegas on 23-26 October. CEO Mike McAuley and CTO Craig Glendenning will be happy to give you a quick rundown on how Bluechain can transform your payments business. You can also check out the latest Bluechain app and merchant solutions.

MyState trial ticking boxes

MyState trial participants were surveyed at the end of phase 1 to gain feedback on aspects of functionality, processing speed, and usability. All trial participants surveyed reported that the Bluechain app was easy to use, and many reported that Bluechain was now their preferred method of payment. Although slower than usual speeds were experienced on first-time purchases (additional time is…

MyState trial progresses to phase 2

Having successfully met the phase-1 objectives (onboarding customers and testing the payment server), next week, the MyState trial will move into phase 2. In phase 2, two additional functions will be made available from the app: attach a bank account to an eCard, and request a payment from another, nearby user. Also, due to the reliability of the app and…

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