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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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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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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Blockchain Bitcoin FDIC Stablecoins 76

PYMNTS

JULY 29, 2020

The Philippines central bank is now considering creating its own central bank digital currency (CDBC), it said during a virtual meeting, having formed a committee to address the issue, Bloomberg reported. He added that while cryptocurrency is important, the blockchain technology behind it is equally so.

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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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Bitcoin CBDC Blockchain Central Bank 62

PYMNTS

OCTOBER 15, 2020

In other news, Stellar has become an official blockchain for USD Coin (USDC), which is anticipated to be available on Stellar in the first quarter of next year, according to a Thursday (Oct. Stellar is the third blockchain that has native support for USDC, according to the consortium, which was co-founded by Coinbase and Circle.

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Digital Currency Bitcoin Blockchain Legal 119

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

JULY 29, 2020

The Philippines central bank is now considering creating its own central bank digital currency (CDBC), it said during a virtual meeting, having formed a committee to address the issue, Bloomberg reported. He added that while cryptocurrency is important, the blockchain technology behind it is equally so.

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PYMNTS

SEPTEMBER 12, 2016

Persisting low interest rates are encouraging banks to adopt blockchain, which they see as a way to reduce costs and offset losses. The result is that banks are working together and forging new relationships in efforts to render the database technology underlying bitcoin bank-friendly.

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Blockchain Database Bitcoin Central Bank 76

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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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

PYMNTS

OCTOBER 21, 2020

PayPal has announced that it is jumping into the wild world of cryptocurrency , making it possible for wallet holders to buy, sell and hold cryptocurrencies like bitcoin, ethereum, bitcoin cash and litecoin in their PayPal accounts. They’re a payments company, and they understand what blockchain can do,” he said.

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CB Insights

NOVEMBER 21, 2017

Blockchain. As of this writing in mid-November 2017, the total market capitalization of cryptocurrencies hovers around $220B (with a single bitcoin trading for upwards of $8,000). Huge corporations — like Walmart and Pfizer — have completed successful blockchain pilots. Research Briefing: Blockchain in Review.

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PYMNTS

FEBRUARY 24, 2017

Is there an alternative, profound French phrase or two that can describe what investors have seen this week with bitcoin? Bitcoin is quickly headed toward fresh three-year highs after jumping up over $100 in value since last week’s tracker. 23) morning, bitcoin had broken $1,150 in value, reaching a high of $1,153.04.

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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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PYMNTS

NOVEMBER 4, 2020

Bit by bit — but more than bitcoin by bitcoin — cryptos are inching into the mainstream, for both consumer and commercial applications. Elsewhere, Square announce last month that it has invested $50 million — approximately 1 percent of its total second-quarter assets — to purchase roughly 4,709 bitcoins. “We

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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

PYMNTS

JANUARY 26, 2021

Signal is exploring the idea of adding cryptocurrency payments into its messaging app by integrating MobileCoin , a cryptocurrency supported by the Stellar blockchain, Platformer reported. Diokno, Philippines’ Central Bank (BSP) governor in the release.

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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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Clearly Payments

AUGUST 24, 2024

World Bank data indicates that global remittances reached $794 billion in 2023. Over 15,000 businesses worldwide accept Bitcoin payments as of 2024. The adoption of blockchain technology has further revolutionized cross-border P2P transfers. trillion, with Bitcoin alone accounting for over 50% of this value.

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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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CoinRemitter

APRIL 3, 2025

What is Crypto Price Volatility Traditional fiat currencies are backed by governments and central banks, while cryptocurrencies operate in a decentralized manner, which means their value is determined by supply and demand, investor sentiment, regulatory news, and market trends.

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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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Digital Currency Bitcoin Blockchain Central Bank 63

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

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

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 Bitcoin 60

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

NOVEMBER 23, 2016

While more banks and businesses are delving into and even getting comfortable with the idea of blockchain, some businesses are removing themselves from it. This week Goldman Sachs opted out of renewing its membership to the R3CEV blockchain consortium. As for what those endeavors are, experts have some speculation. “I

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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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Bitcoin Blockchain Digital Currency Central Bank 52

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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Bitcoin Blockchain Digital Currency CBDC 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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Bitcoin Blockchain Digital Currency Cryptocurrency 41

PYMNTS

JUNE 9, 2019

G20 finance ministers and central bank governors have requested that the Financial Stability Board ( FSB ), as well as global standard-setting organizations, work together to monitor risks around crypto assets. said Adam Gramowski, owner and CEO of the Poland-based bitcoin ATM company, according to CCN.

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Bitcoin ATM Risk Regulations 72

PYMNTS

JANUARY 20, 2020

Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. At a high level, Australia’s central bank is joining the likes of China and Sweden in exploring central bank digital coins. What It Won’t Do. And Risks.

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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 Wire 52

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?

Cryptocurrency 105

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

PYMNTS

FEBRUARY 15, 2019

HSBC ‘s blockchain-based system has helped the bank save 25 percent on foreign exchange (FX) trades. In other news, CoinDesk discovered that the Central Bank of Iran is working with two blockchain startups on a new token ecosystem.

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Blockchain Bitcoin Risk Management Laws 63

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 Bitcoin 52