PYMNTS

SEPTEMBER 22, 2020

The CEO of a Virginia-based software firm claimed that the Federal Reserve ’s easing of its inflation approach was a factor in his decision to convert the rest of the firm’s money to bitcoin, Bloomberg reported. “We Its CEO started to reconsider that strategy as yields fell following COVID-19.

Bitcoin 68

Bitcoin Federal Reserve Treasury Returns 68

PYMNTS

AUGUST 13, 2020

A post from Liberty Street Economics , a research blog of the Federal Reserve Bank of New York , posited that the usual distinction between “token-based” and “account-based” cryptocurrencies are overly simplistic because several popular digital coins, including Bitcoin, could be both.

Authentication 85

Authentication Fed Federal Reserve FedWire 85

Stax

APRIL 10, 2025

TL;DR You get to choose from traditional payment methods like cash and checks, online payment methods like digital wallets and ACH transfers, and emerging payment methods like BNPL services and cryptocurrencies. However, cryptocurrencies arent without their drawbacks. Digital currencies continue to experience extreme price volatility.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

PYMNTS

DECEMBER 18, 2020

The EMTECH Modern Central Bank Sandbox will assist central banks in setting up digital currency that’s interoperable and thus can be converted to other cryptocurrencies, and is compatible with payment devices and terminals worldwide. Trade and commerce happen across borders, and conversion from, say, digital yuan to digital dollars is key.

Digital Currency 142

Digital Currency Central Bank CBDC Fed 142

PYMNTS

MARCH 4, 2019

Federal Reserve has announced amendments to a policy statement on the scenario design framework for stress testing, which could soon include a potential cryptocurrency market crash as one of the market risks. And Thailand’s financial markets regulator has banned several digital coins from the list of eligible cryptocurrencies.

Bitcoin 51

Bitcoin Federal Reserve Fed Cryptocurrency 51

PYMNTS

JANUARY 25, 2019

In a new PYMNTS interview, Neil Bergquist, CEO of bitcoin ATM provider Coinme , spoke about how his company is part of the launch of bitcoin payments via Coinstar kiosks, those change-handling machines often located near ATMs, customer service desks or front entrances at grocery stores. Who Uses Bitcoin ATMs, Anyway?

ATM 75

ATM Bitcoin Digital Currency Federal Reserve 75

PYMNTS

MAY 12, 2020

Bitcoin has long been the marquee name — shorthand, if you will — for the cryptocurrency space. And in recent months, the ride has been wild for bitcoin pricing amid the pandemic. On the other hand, bitcoin is also well off of its all-time highs of just under $20,000. bitcoin exchange.). based crypto exchanges.

Bitcoin 60

Bitcoin FBI Cryptocurrency Scams 60

PYMNTS

JANUARY 14, 2021

Bitcoin is about to get even more scrutiny by regulators, on a global stage. As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide. As of this writing, bitcoin is changing hands at more than $38,000. This has to be applied and agreed upon.

Money Laundering 61

Money Laundering Bitcoin Regulations Central Bank 61

The Fintech Times

AUGUST 7, 2024

As global financial markets experienced a significant downturn, with both traditional equities and cryptocurrencies suffering substantial losses, industry experts point to a complex web of interconnected factors driving the crisis rather than it being a sudden anomaly. The panic index VXX also soared 27 per cent in a single day.

Cryptocurrency 64

Cryptocurrency Economy Federal Reserve Bitcoin 64

PYMNTS

JULY 17, 2019

Lawmakers doubts over Facebook ‘s planned cryptocurrency, Libra, is having a negative impact on bitcoin. The Wall Street Journal reported that bitcoin’s price fell to about $9,100. The fall comes as lawmakers have been critical of Facebook’s plan to launch Libra next year. Nydia Velazquez said per reports.

Bitcoin 49

Bitcoin Federal Reserve Money Laundering Cryptocurrency 49

Finovate

DECEMBER 11, 2024

The conversation is no longer just about Bitcoin and speculative trading. Stablecoins are a type of cryptocurrency pegged to a fiat currency or a commodity, such as gold. Why it’s big : Stablecoins bridge the gap between the volatility of traditional cryptocurrencies and the stability of fiat currencies.

FinTech 59

FinTech Stablecoins Cross-Border BNPL 59

PYMNTS

DECEMBER 1, 2017

And enough IQ points, wealth and wealth of experience to give even the most cheerful of bitcoin boosters pause. About the mechanics: Turns out the bitcoin machine is anything but a smooth one — perhaps more Rube Goldberg than anything else. You get cause for concern. Food for thought. Or at least pondering a pause.

Bitcoin 51

Bitcoin Federal Reserve Cryptocurrency Participant 51

PYMNTS

OCTOBER 18, 2020

Federal Reserve Chair Jerome Powell will discuss that topic as well. And through work with RippleWorks, the nonprofit arm of the cryptocurrency, Mercy Corps will work to implement new digital technology like distributed ledgers and cryptocurrency over a three-year project. ET on Monday.

Cross-Border Payments 76

Cross-Border Payments Cross-Border Financial Inclusion Blockchain 76

PYMNTS

JULY 14, 2019

“A large platform utility may not establish, maintain, or operate a digital asset that is intended to be widely used as medium of exchange, unit of account, store of value, or any other similar function, as defined by the Board of Governors of the Federal Reserve System,” the document said.

Federal Reserve 62

Federal Reserve Finance IRS Cryptocurrency 62

PYMNTS

FEBRUARY 23, 2018

The world’s most popular cryptocurrency fell below $10,000 after nearly reaching $12,000. Users in California, Massachusetts, Missouri, Montana and New Hampshire can trade bitcoin and Ethereum without any fees from the exchange. dollars, as well as bitcoin and ether. According to Coindesk , it reached $9,604.84 as of 8:14 P.M.

Bitcoin 40

Bitcoin Federal Reserve Cryptocurrency Participant 40

PYMNTS

NOVEMBER 8, 2020

Federal Reserve Chair Jerome Powell advising more money printing meant that purchasing Bitcoin was a good idea. Bitcoin proponents have warned before about the impact of short-term tinkering with the economy represented by the large public debt increase. He said it would be more positive with more financial aid.

Bitcoin 62

Bitcoin Fed Federal Reserve Money Laundering 62

PYMNTS

JUNE 20, 2019

News of the launch of Facebook cryptocurrency Libra has highlighted how the U.S. The Wall Street Journal is reporting that the Federal Reserve and the Senate Banking Committee will both closely scrutinize the implementation of Libra. government will respond to the introduction of new digital currencies.

Regulations 67

Regulations Money Laundering Federal Reserve Digital Currency 67

PYMNTS

JULY 19, 2018

In other news, three companies involved in bitcoin mining have risen to “unicorn” status, according to CoinDesk. On Wednesday (July 18), the Hurun Research Institute published its Q2 Unicorn Index, and bitcoin mining companies such as Bitmain, Canaan Creative and Ebang were on the list. The price of bitcoin was $7,325.90

Bitcoin 42

Bitcoin Federal Reserve Ransomware Fed 42

PYMNTS

NOVEMBER 25, 2020

To that end, a Bank for International Settlements ( BIS ) study concludes that “embedded regulation” might offer a solution for stablecoins, defined as cryptocurrencies with values tied to fiat currencies or other assets. In a paper that debuted Tuesday (Nov. The Value Of CBDC .

Stablecoins 92

Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

Clearly Payments

AUGUST 29, 2024

With the rise of digital payments, cryptocurrencies, and fintech innovations, CBDCs represent a new frontier in the evolution of money. Unlike cryptocurrencies such as Bitcoin or Ethereum , which are decentralized and not controlled by any single entity, CBDCs are centralized digital assets controlled by the government.

Central Bank 105

Central Bank Digital Currency CBDC Cross-Border Payments 105

PYMNTS

JANUARY 15, 2021

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 dollar is] the reserve currency.”. We don’t feel an urge or need to be first,” he said of CBDCs, according to the report.

CBDC 67

CBDC Fed Federal Reserve Central Bank 67

PYMNTS

JULY 29, 2016

More importantly, cash is actually the preferred currency of illegal transactions and terrorist financing; so while the effect of this proposal may not do much for terrorism or money laundering, it is likely to increase the friction associated with bitcoin transactions. Scotland Considering Cryptocurrency and Independence … Again.

Database 45

Database Bitcoin Money Laundering Cryptocurrency 45

PYMNTS

AUGUST 3, 2020

Morgan’s initiatives in cryptocurrency and stablecoin technology have ramped up in recent months, for instance. More recently, Visa issued public support of bitcoin and other digital assets in a July blog post that similarly highlighted opportunities in real-time payments. Preparing Treasurers.

Real Time Payments 117

Real Time Payments Office of the Comptroller of the Currency Settlement Treasury 117

PYMNTS

AUGUST 11, 2020

Not all that long ago, blockchain and bitcoin were inseparable – shorthand for the Wild West of cryptocurrencies and speculation. And you might recall that digital tokens were emblematic of volatile price swings. He cautioned that though tZERO is not trying to build digital currencies, it is exploring an instant settlement solution.

Blockchain 125

Blockchain Issuers Federal Reserve Compliance 125

PYMNTS

FEBRUARY 9, 2018

Gravity has come to call on bitcoin after seemingly forgetting its existence for a brief period. And, as of today, it looks like the Federal Reserve has another rock to add to crypto’s sack – or actually two rocks, since two different branches are weighing in. Bitcoin and other crypto, on the other hand, has issues.

Fed 40

Fed Bitcoin Federal Reserve Digital Currency 40

PYMNTS

DECEMBER 18, 2019

A new form of cryptocurrency, called Saga, launched this week , with an eye toward answering some of the looming questions about the form. Like Libra , which has yet to be launched, Saga attempts to smooth over the issues with bitcoin, such as reducing the wild price swings and anonymity that have plagued the world’s biggest cryptocurrency.

AML 52

AML Checks Federal Reserve Cryptocurrency 52

PYMNTS

SEPTEMBER 16, 2019

Global central bank officials met with leaders from both Facebook’s Libra Association and JPMorgan to discuss policies and regulation around new cryptocurrencies, the Bank for International Settlements (BIS) said in a press release on Monday (Sept. They give rise to a number of serious risks related to public policy priorities.

Stablecoins 50

Stablecoins Central Bank Federal Reserve Cryptocurrency 50

PYMNTS

OCTOBER 9, 2020

Beyond bitcoin – that marquee name of crypto and its brethren, which have yet to escape wild price swings and speculative fervor – lies the prospect of CBDCs. The Federal Reserve Bank has been exploring a digital currency. of course, is not standing still.

Digital Currency 70

Digital Currency Central Bank CBDC Federal Reserve 70

PYMNTS

OCTOBER 16, 2020

The FinTech is reportedly likely to seek a charter with California’s Division of Financial Institutions and the Federal Reserve Bank of San Francisco within the next few weeks. Beyond bitcoin is the potential of central bank digital currencies (CBDC). Revolut , the European digital bank, is reportedly near applying for a U.S.

Instant Payments 95

Instant Payments Card Issuer Online and Mobile Banking Federal Reserve 95

PYMNTS

NOVEMBER 2, 2020

In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Ternio’s BlockCard Teams With P2P Bitcoin Marketplace Paxful for Crypto Debit Card.

Debit Card 59

Debit Card Fed Federal Reserve Financial Crimes 59

PYMNTS

NOVEMBER 12, 2019

Federal Reserve Chairman Alan Greenspan said Tuesday (Nov. Digital currencies hit the world stage in 2017 when bitcoin skyrocketed to nearly $20,000 from $600-$800. Investors are lured by bitcoin’s blockchain technology and its decentralized system. Former U.S.

Digital Currency 40

Digital Currency Central Bank Fed Federal Reserve 40

Clearly Payments

FEBRUARY 19, 2024

According to the Federal Reserve, cash usage is on the decline, with only 60% of US businesses accepting it as a form of payment. As of February 2024, the total market capitalization of cryptocurrencies fluctuated around an estimated $2 trillion USD.

Process 102

Process Digital Currency Online and Mobile Banking Payments 102

PYMNTS

JUNE 26, 2019

Bitcoin startup Lolli announced that it has struck a new partnership with Hotels.com, joining Lolli’s existing partners Booking.com, Priceline, Hilton and Marriott. “We Lolli allows its users to earn bitcoin rewards for online purchases. Canada has been in high demand, and we think that’s going to be a great test market for us.

Fed 40

Fed Bitcoin Blockchain Federal Reserve 40

PYMNTS

OCTOBER 8, 2020

Americans cut their credit card balances in August for the sixth consecutive month, the Federal Reserve System reported. Scammers Love Bitcoin, But Consumers Aren’t So Enthusiastic. The 449-page report follows a 16-month inquiry into the tech companies. Americans Pull Back On Credit Card Borrowing. Revolving debt declined by $9.4

Credit Cards 52

Credit Cards Push-to-Card Federal Reserve Bitcoin 52

PYMNTS

DECEMBER 10, 2019

Secretary of the Treasury Steven Mnuchin, however, recently said that neither he nor Federal Reserve Chairman Jerome Powell feel it is necessary to introduce a Fed digital currency for at least the next five years. .

Central Bank 54

Central Bank Digital Currency Federal Reserve Fed 54

PYMNTS

MARCH 31, 2020

He joins the council after serving on the Federal Reserve’s Governance Framework Formation Team, which created the Faster Payments Council, as well as working for the Corporate Advisory Group for the Clearing House’s Real-Time Payments System. Faster Payments Council Names New Leadership.

B2B 77

B2B Payroll Payments Cross-Border Payments 77

PYMNTS

OCTOBER 3, 2019

While Philadelphia Federal Reserve Bank President Patrick Harker believes it’s “inevitable” that central banks will eventually issue digital currencies, he warned that the United States shouldn’t be first in line. These are concerns that should be thoroughly and publicly addressed.”.

Digital Currency 55

Digital Currency Fed Federal Reserve Central Bank 55