Remove Bitcoin Remove Blockchain Remove CBDC
article thumbnail

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.

article thumbnail

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.

Bitcoin 62
article thumbnail

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.

CBDC 98
article thumbnail

Bitcoin Daily: Travala.com Combines With TravelbyBit; France Tests Blockchain-Operational Digital Euro

PYMNTS

Blockchain-based lodging reservation platform Travala.com has unveiled a merger with TravelbyBit, a Binance-backed “cryptocurrency-friendly” flight reservation site, according to an announcement on Wednesday (May 20). The institution noted per the report that it tried out a central bank digital currency (CBDC) sale of securities in mid-May.

Bitcoin 52
article thumbnail

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.

article thumbnail

Bitcoin Daily: Tesla Tests Blockchain To Speed Up Trucking Shipments in Shanghai; Bank Of England May Team With Companies On Digital Currency

PYMNTS

Shipping technology company CargoSmart Limited led an experimental blockchain project for the release of cargo with the Shanghai International Port Group (SIPG), Tesla and China Ocean Shipping Company (COSCO), according to an announcement. Truckers were then able to retrieve cargo at the terminal quicker.

article thumbnail

Bitcoin Daily: Mauritius To Test Digital Currency; JPMorgan Adds 2 Crypto Exchanges As Bank Clients

PYMNTS

The Bank of Mauritius is progressing toward providing a central bank digital currency (CBDC) per its governor, CoinDesk reported. The island’s study into a CBDC was reportedly first revealed by Yandraduth Googoolye, a prior governor. The two exchanges work with digital currencies, including ether, litecoin and bitcoin.