article thumbnail

PayPal CEO Shulman: Consumers Moving To Digital Currency In Droves

PYMNTS

Schulman said it’s not a matter of if, but “when and how you'll start to see more and more central banks issue forms of digital currencies. The news comes as PayPal announced that it had jumped into the digital currency business and would now let clients purchase, keep and sell cryptocurrency straight from their PayPal accounts.

article thumbnail

Bahamas Launches Digital Sand Dollar; Adds To Rise Of Central Bank Digital Currencies

PYMNTS

But the race is still on for central banks to develop their own digital versions of fiat to take their place alongside bills and coins. To that end, the Bahamas may stand out as an epicenter of sorts for the rise of central bank digital currencies (CBDCs). million) of digital currency to 50,000 people chosen by lottery.

article thumbnail

Bitcoin Daily: Japan's SBI VC Trade Debuts Crypto Lending; Bitcoin Closes In On All-Time High

PYMNTS

Bitcoin continued its price climb today (Nov. At 6:31 pm EST, the digital currency still hit high, sitting at $19,083.92, as the coin approaches its record price of $19,783, which it hit in December of 2017. The platform, VC Trade Lending, will support just bitcoin initially, but has plans to add Ether and XRP support.

Bitcoin 135
article thumbnail

Bitcoin ATM makers see an opening as digital currencies come to stores

Payments Source

Traditional ATMs are vanishing in the U.K. and other parts of the world, but there may be a growing market for their crypto counterparts.

ATM 150
article thumbnail

Bitcoin Daily: Turkey To Test Digital Currency In 2021; Japan Prepares To Issue CBDC; Bitcoin Crests $28,000

PYMNTS

The price of bitcoin has passed $28,000 on Sunday (Dec. In a continuing showing of the strength of the cryptocurrency, bitcoin is now valued at $500,000, according to the report. The rise of the currency's value has been surging just over the past holiday weekend, breaking $25,000 on Friday (Dec. In the U.K., 10, 2021 at 1 p.m.,

CBDC 101
article thumbnail

Bitcoin Daily: Bitcoin ATM Installations Jump By 85 Pct; Argentinian Lawmaker To Introduce Crypto Bill

PYMNTS

The count of bitcoin ATMs has jumped this year, rising by 85 percent to just under 11,800, CoinDesk reported. And the parliament of Argentina will be presented with new legislation that offers a digital currency framework, Cointelegraph reported.

Bitcoin 128
article thumbnail

Sweden’s Central Bank Floats E-Krona As Digital Currency

PYMNTS

Sweden’s Riksbank is assessing e-krona, a new form of digital currency that hopes to take the country a step closer to the creation of the world’s first central bank digital currency (CBDC), according to reports on Thursday (Feb.