PYMNTS

JULY 16, 2020

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. The bank will also start using the cryptocurrency for Hong Kong Monetary Authority transactions in September. million in bitcoin and $30,000 in U.S.

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Central Bank CBDC Credit Risk Bitcoin 59

Fintech Review

APRIL 9, 2024

But now, there’s something new to consider: cryptocurrencies like Bitcoin. Unprecedented Diversification Opportunities Cryptocurrencies, with Bitcoin at the forefront, have quickly become essential components of diverse investment strategies, capturing the interest of investors across the globe.

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PYMNTS

MAY 20, 2020

Is now the prime time for blockchain ? As COVID-19 has disrupted supply chains worldwide, Brian Behlendorf , executive director of Hyperledger , told Karen Webster that the pandemic has spurred a shift in thinking about new use cases for permissioned blockchains. The Emerging Use Cases.

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PYMNTS

DECEMBER 30, 2020

At a time when 90 percent of Americans have never owned bitcoin and nearly 70 percent say they have no plans to do so in the future, the thought of widespread adoption and usage of cryptocurrency seems to be a distant prospect for most people. Bitcoin is awesome. Janet Yellen supports blockchain as a technology. Baby Steps .

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Fed Bitcoin Digital Currency Cryptocurrency 107

PYMNTS

FEBRUARY 28, 2018

Taiwan’s central bank is looking into implementing blockchain technology in order to improve its operations. That same month, then-Governor of Taiwan’s Central Bank, Perng Fai-nan, said bitcoin should be added to the notification system in the country in order to prevent money laundering.

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Central Bank Blockchain Cross-Border Payments Cross-Border 42

Fintech Review

APRIL 9, 2024

But now, there’s something new to consider: cryptocurrencies like Bitcoin. Unprecedented Diversification Opportunities Cryptocurrencies, with Bitcoin at the forefront, have quickly become essential components of diverse investment strategies, capturing the interest of investors across the globe.

Cryptocurrency 52

Cryptocurrency Bitcoin Returns Risk 52

PYMNTS

OCTOBER 29, 2019

The Chinese state media advised people to stay levelheaded following a price escalation of bitcoin and blockchain stocks triggered by Chinese President Xi Jinping’s support, Reuters reported on Tuesday (Oct. Blockchain’s future is here, but we must remain rational,” he said, according to state-run news outlet the People’s Daily.

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PYMNTS

OCTOBER 28, 2018

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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PYMNTS

NOVEMBER 10, 2020

Scan the headlines over the past few weeks and cryptos, well beyond the marquee bitcoin, are making inroads into mainstream consumer and business activities. Square bought $50 million of bitcoin. PayPal is opening its network to allow consumers to shop using cryptocurrency. The mechanics and clumsiness of it all have not helped.

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Cryptocurrency Blockchain Bitcoin Online and Mobile Banking 129

PYMNTS

SEPTEMBER 4, 2019

Cryptocurrency firms doing business in the Netherlands will soon be required to register with Dutch Central Bank , according to CoinDesk. As a result, companies or individuals involved in the conversion of crypto to fiat currencies or offering crypto deposit services must register with the De Nederlandsche Bank (DNB) starting Jan.

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Central Bank Blockchain Money Laundering Bitcoin 49

PYMNTS

OCTOBER 29, 2020

The Bank of Canada is progressing in its plans for a national digital currency, moving past proof of concepts to “executable” plans, according to Reuters. In other news, blockchain tech company Ripple plans to invest in MoneyTap , a blockchain payments solution owned by SBI Holdings, according to CoinDesk.

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PYMNTS

MAY 27, 2020

But the question arises: Once they’ve been created and backed by central banks, what do you do with them once you have them? As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).

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Central Bank Digital Currency CBDC Settlement 57

PYMNTS

JUNE 18, 2019

It has nothing to do with blockchain. Fully private, controlled, centralized, verified and authorized by a small number of permissioned nodes. So, what is crypto or blockchain about it? Russia’s central bank might one day launch its own digital currency. None,” he said in an interview with CoinDesk.

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Digital Currency Central Bank Bitcoin Cryptocurrency 53

PYMNTS

MAY 20, 2020

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.

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PYMNTS

APRIL 21, 2019

Afghanistan is looking to boost its ailing economy with bitcoin. Sediq explained that bitcoin could be used with a form of metals future, such as lithium, adding that the value of Afghanistan’s mineral reserves is estimated at more than $3 trillion. In the meantime, Afghanistan isn’t the only country looking into bitcoin.

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Payments Source

FEBRUARY 1, 2018

The South Asian nation’s income tax officials had started investigations into transactions at various illegal bitcoin exchanges in December, soon after the country’s central bank cautioned users about potential risks.

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Bitcoin Central Bank Blockchain Risk 67

PYMNTS

NOVEMBER 21, 2019

Paris-based Ultra , which has created its own blockchain, announced that French video game giant Ubisoft will become the first major gaming system to test out payments on its blockchain for gamers. The population of the country sees these capital controls are put in place, and then they’re going to look for a way around it.

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PYMNTS

MAY 15, 2019

Despite its gains, some people are skeptical because XRP does not run a decentralized blockchain, and that it allows the potential reversibility of transactions, according to Cryptovest. In other news, Samsung is planning to launch its blockchain technology onto its budget smartphone. “We And SFOX is partnering with New York-based M.Y.

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PYMNTS

APRIL 7, 2020

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. The bank’s perspective about private currencies are separate from those of other central banks.

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Digital Currency CBDC Blockchain Central Bank 60

CoinRemitter

MAY 29, 2024

With the rise in digital currencies for payments and transactions, two innovations are much discussed: Central Bank Decentralised Currencies (CBDCs) and cryptocurrencies. CBDCs Central Bank Decentralised Currencies (CBDCs) is a form of digital currency, that is issued and regulated by the central bank of a country.

Cryptocurrency 49

Cryptocurrency Central Bank Digital Currency Privacy 49

Fintech Review

APRIL 24, 2024

“CBDCs” or Central Bank Digital Currencies are gaining significant traction. They represent the digital form of a nation’s official currency, issued and regulated directly by the central bank. The Advantages of CBDCs CBDCs promise to significantly enhance the efficiency of financial transactions.

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Central Bank CBDC Cross-Border Payments Cross-Border 91

PYMNTS

NOVEMBER 26, 2019

In other news, crypto exchange Bitfinex and its sister firm, stablecoin issuer Tether , have been accused again of manipulating the bitcoin markets. 22, says that both companies “monopolized and conspired to monopolize the Bitcoin market.”. When Bitcoin prices were falling, Defendants and their co-conspirators printed USD?s

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Bitcoin Blockchain Stablecoins Wires 52

PYMNTS

APRIL 7, 2020

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. The bank’s perspective about private currencies are separate from those of other central banks.

Digital Currency 52

Digital Currency CBDC Blockchain Central Bank 52

PYMNTS

AUGUST 23, 2018

Bitcoin got a jump, spiking more than $400 to about a two-week high and nearing $7,000. In Thailand, headlines showed that the country’s central bank will issue its own digital currency. In Thailand, headlines showed that the country’s central bank will issue its own digital currency.

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Central Bank Distributed Ledger Technology (DLT) Bitcoin Accounts 41

PYMNTS

JULY 2, 2020

The blockchain has been touted as the solution for any host of information and asset transfer issues — due in part to the fact that data in a blockchain cannot be altered (i.e. Lack of access to banking is a significant issue for blockchain projects, even today,” Public Mint said. is immutable).

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Blockchain Stablecoins Financial Inclusion Wire Transfer 90

PYMNTS

MARCH 22, 2019

Agustin Carstens, the general manager at the Bank for International Settlements , said that banks shouldn’t issue their own bitcoin-like tokens because it could undermine global financial stability, as well as monetary policy, according to a report by Bloomberg.

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Bitcoin Central Bank Cross-Border Payments Digital Currency 69

PYMNTS

NOVEMBER 12, 2019

Bitcoin payments app Fold has announced that its users can now get 3 percent back in bitcoin when they book a stay and experience on Airbnb. Fold allows its users to buy gift cards for bitcoin with 3 percent cashback, currently offering $25 or $100 gift cards on its website. And the U.S.

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Bitcoin Blockchain Cross-Border Non-Bank 40

PYMNTS

DECEMBER 13, 2017

The central bank of Australia is in the midst of considering whether to create bank notes using blockchain, according to news from The Financial Times. The bank notes would, in turn, be distributed by financial institutions.

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Central Bank Electronic Banking Bitcoin Blockchain 43

Clearly Payments

JANUARY 4, 2024

Unlike traditional currencies issued by governments and central banks, cryptocurrencies are typically based on blockchain technology, a distributed ledger that records all transactions across a network of computers. Popular cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). What are Stablecoins?

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Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

Fintech News

MAY 21, 2024

As the financial landscape undergoes a digital revolution, institutional investors are increasingly turning their attention to digital assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs). Central Bank Digital Currencies (CBDCs) topped the list, with 33% of respondents foreseeing their widespread adoption.

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Settlement Cryptocurrency Blockchain Digital Currency 138

The Fintech Times

MAY 26, 2024

Central bank digital currencies (CBDCs), digital money regulated by a country’s central bank, are currently being tested across the world. Yet many central banks have already actioned plans to introduce them. Developed and emerging markets alike are considering the possibility of introducing CBDCs.

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CBDC Central Bank Stablecoins Privacy 98

Payments Source

DECEMBER 14, 2018

The People’s Bank of China, the country’s central bank, plans to introduce a digital currency of its own. But unlike the decentralized blockchain-based offerings, this one could give Beijing more control over its financial system.

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Bitcoin Digital Currency Central Bank Blockchain 83

The Paypers

NOVEMBER 28, 2016

(The Paypers) Argentina's Central Bank has shown interest in exploring blockchain technology and held a hackathon that united students, professionals, economists and Bitcoin and blockchain enthusiasts.

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Central Bank Blockchain Bitcoin Technology 35

PYMNTS

JUNE 25, 2018

During the “Future of Token Economy” panel at the Crypto Valley Conference in Zug, Switzerland last week, Moser said that blockchain is similar to the “useless innovation” of compact discs, according to Cryptovest. He added that there is also the possibility that bitcoin will be replaced by another crypto sooner or later.

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Central Bank Bitcoin Cryptocurrency Blockchain 40

PYMNTS

OCTOBER 29, 2019

The Inter-American Development Bank is launching a two-year blockchain project for land registries in three Latin American countries. Phase One will involve figuring out how to connect land registries to the blockchain in a secure way, as well as what technology to use.

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Bitcoin Blockchain Mobile Payments Digital Currency 40

PYMNTS

JANUARY 18, 2021

dollar will remain strong on the international stage and won’t be surpassed by bitcoin anytime soon, although it could be a veritable reserve currency, CoinDesk reported. Other than, you know, gold, bitcoin. Flynn purchased bitcoin for his roughly 450 clients, the report stated. Unless the U.S. Unless the U.S.

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Bitcoin Digital Currency Cryptocurrency Central Bank 63

PYMNTS

SEPTEMBER 2, 2019

The People’s Bank of China (PBoC) is looking toward new technologies to keep a closer eye on the nation’s FinTech , blockchain and digital lending markets. It has also been unfriendly toward other forms of digital finance, including the peer-to-peer lending industry.

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Central Bank FinTech Digital Currency Bitcoin 77