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Bitcoin Daily: Ethereum To Debut New Bitcoin-Backed Token, Agriculture Eyes Blockchain For X-Border Trade

PYMNTS

Benedict Chan, CTO of BitGo, called the token “the best of both worlds,” adding that it has both “the stability of bitcoin and the flexibility of ethereum.”. In other news, the world’s four largest agribusinesses are teaming up to utilize blockchain and artificial intelligence to digitize international grain trades.

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Sweden’s Central Bank Floats E-Krona As Digital Currency

PYMNTS

Sweden’s Riksbank is assessing e-krona, a new form of digital currency that hopes to take the country a step closer to the creation of the world’s first central bank digital currency (CBDC), according to reports on Thursday (Feb. CBDCs are a digital form of traditional money issued and governed by a country’s central bank.

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Digital Currency Eyes Wholesale — Not Retail — Payments Down Under

PYMNTS

As part of those efforts, the lab is being used to explore “whether there is a role for a digital Australian dollar — that is, an Australian [central bank digital currency (CBDC)] — in the context of the bank’s responsibilities for issuing the currency and overseeing the payments system.”. The language is interesting — and noteworthy.

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What Would it Take to Get Users Onside With CBDCs for Everyday Use?

The Fintech Times

Addressing privacy concerns Promoting CBDCs with a range of benefits aside, most consumers are concerned about privacy issues, says Andrew Carrier , member of the executive committee at blockchain finance firm Quant. This may mean that, initially, acceptance of the retail CBDC is gradual.

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Bitcoin Daily: Teller Notches $1M For DeFi Credit Risk Protocol; Thailand’s Central Bank Experiments With CBDC; Crypto Trader Accused In $4.5M Fraud Case

PYMNTS

Blockchain initiative Teller has notched $1 million in a Framework Ventures-led seed capital to create a decentralized finance (DeFi) credit risk tool, according to an announcement. While bitcoin is not backed by assets, the BOT’s cryptocurrency will be supported by assets like the international reserve of the nation.

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An Overview of Debit Cards, P2P Payments, and Digital Cash in 2024

Clearly Payments

Over 15,000 businesses worldwide accept Bitcoin payments as of 2024. According to the Bank for International Settlements (BIS), 114 central banks, representing over 95% of global GDP, were engaged in some form of CBDC research or development by the end of 2023. trillion, with Bitcoin alone accounting for over 50% of this value.

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Central Bank Digital Currencies (CBDCs) in 2024

Clearly Payments

This article covers what CBDCs are, how they have evolved until 2024, their impact on payments, and the future they could shape. What Are CBDCs? A Central Bank Digital Currency (CBDC) is a digital form built on blockchain technology of a country’s fiat currency issued and regulated by the central bank.