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Bitcoin Daily: BitPay Unveils Crypto Mass Payout Service; BOE: Stablecoins Not Fit For Wide Use

PYMNTS

In other news, the price of bitcoin exceeded the $16,000 price level on Thursday for the first time in nearly three years, CNBC reported. Bitcoin last exceeded the $16,000 price point on Jan. The price of the cryptocurrency was $16,301.03 as of 7:17 p.m.

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Bitcoin Daily: UK Researching CBDC Use Cases; Lebanon To Introduce CBDC In 2021; SEC Member Pushes For Cryptocurrency Regulation; ShapeShift Delists Three Privacy Coins

PYMNTS

Treasury Department is researching use cases for a central bank digital currency (CBDC), as well as drafting regulatory proposals for private stablecoins, U.K. Meanwhile, Lebanon Governor Riad Salameh announced that the country will be introducing a CBDC next year, to “restore confidence,” reported Bloomberg.

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

The Fintech Times

Andrew Carrier , member of the executive committee at Quant “Privacy remains one of the most important discussion points in the CBDC debate, with the likes of the European Central Bank confirming that it is working on state-of-the-art security measures to ensure privacy protection.

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Is ‘Embedded Regulation’ The Key To Stablecoins’ Success?

PYMNTS

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Bitcoin and other offerings have not yet evolved into real alternatives to sovereign monetary activities, but stablecoins present challenges. In a paper that debuted Tuesday (Nov.

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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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Fed’s Powell: CBDC Will Be Years, Not Months, Away

PYMNTS

Federal Reserve Chair Jerome Powell said he isn’t in a rush to adopt a central bank digital currency (CBDC) because of the risks such currencies pose to the status of the dollar, CoinDesk reported. “We We don’t feel an urge or need to be first,” he said of CBDCs, according to the report. dollar is] the reserve currency.”.

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A Merchant Guide for Cryptocurrency Payments

Clearly Payments

Popular cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Among the frontrunners is Bitcoin (BTC), widely recognized as the pioneer in the digital currency space. Known for its decentralized nature and widespread acceptance, Bitcoin remains a popular choice for transactions. What are Stablecoins?