PYMNTS

DECEMBER 1, 2020

In today’s top news in digital-first banking, European Central Bank (ECB) President Christine Lagarde cautioned that stablecoins could be a risk to monetary sovereignty, while Velo Labs is working with Visa and Lightnet on lending in Asia. ECB President Warns Stablecoins Could 'Threaten' Monetary Sovereignty.

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Stablecoins Central Bank Risk Instant Payments 56

PYMNTS

JULY 10, 2020

Stablecoins, the virtual currencies which seek price stability, could be the next target for money laundering and terrorist financing, a report found. The FATF said it will review the implementation and impact of its standards by next summer and provide further guidance on stablecoins and virtual assets.

Money Laundering 56

Money Laundering Stablecoins Cryptocurrency Digital Currency 56

The Fintech Times

MAY 29, 2024

Cryptocurrencies, central bank digital currencies (CBDCs) and stablecoins remain prominent and continue to see innovation worldwide; particularly in the Middle East and Africa (MEA). But digital currencies are far from irrelevant.

Digital Currency 111

Digital Currency CBDC Cross-Border Payments Cross-Border 111

PYMNTS

OCTOBER 14, 2020

As much as Bitcoin and other cryptocurrencies have attracted scrutiny from the Department of Justice and still lack mainstream acceptance, Voyager’s portfolio of so-called “stablecoins” (which are linked to an underlying currency such as the U.S. Ehrlich said stablecoins, including the U.S.

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Treasury Cryptocurrency Stablecoins Fincen 129

Fintech News

FEBRUARY 27, 2024

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.

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APACS Regulations Stablecoins Cryptocurrency 98

Clearly Payments

AUGUST 24, 2024

World Bank data indicates that global remittances reached $794 billion in 2023. 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.

Debit Card 84

Debit Card P2P Cross-Border Central Bank 84

PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

Digital Currency 64

Digital Currency Cross-Border Settlement Central Bank Bitcoin 64

The Fintech Times

DECEMBER 14, 2023

Pave Bank has emerged from stealth to give businesses access to new technologies, enabling greater banking efficiency and access to the new digital economy. Opening up channels for businesses, Pave Bank has acquired a digital banking licence from Georgia. .

Economy 59

Economy Finance Multi-Currency Regulations 59

PYMNTS

AUGUST 21, 2018

Central banks can manipulate interest rates, and can control monetary supply, to an extent. The actions that are set in motion by the banks are also slow to ripple through a given economy — and in times of crisis, speed might be of the essence. But those levers can prove ineffective, as recent events show.

Blockchain 54

Blockchain Stablecoins Central Bank On-Demand 54

The Fintech Times

SEPTEMBER 27, 2024

Chainalysis , the blockchain data platform, has revealed that the UAE’s small population, when compared to other countries in the Middle East and North Africa (MENA) region, has not prevented it from becoming one of the front-running crypto economies. By comparison, altcoins grew by over 75 per cent and stablecoins 22.46

Transactions 59

Transactions Stablecoins Cryptocurrency Bitcoin 59

Fintech News

JANUARY 30, 2024

Other payment trends in Asia preceding 2024 including the rise of B2B buy now pay later (BNPL), growing prominence of central bank digital currency (CBDC), and prevalence of composable, cloud-based ‘as-a-Service’ IT architecture models have helped shape much of what we anticipate for 2024.

Payments Trends 100

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 100

PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

Digital Currency 56

Digital Currency Cross-Border Settlement Bitcoin Central Bank 56

PYMNTS

JULY 9, 2019

India, Asia’s third-largest economy, remains skeptical about Facebook’s proposed cryptocurrency Libra and has said that it won’t just allow the coin into the country, according to a report by Bloomberg. The central bank of India and the government have both practically outlawed cryptocurrencies by disallowing banks to use them.

Cryptocurrency 54

Cryptocurrency Laws Central Bank Money Laundering 54

Clearly Payments

FEBRUARY 19, 2024

of businesses in the USA are small businesses showcasing the importance of entrepreneurship to the US economy. Gross Domestic Product (GDP) is one of the ways to estimate the merchant economy in the USA. There are 30.7 million active businesses as of 2023, according to the US Census Bureau. In 2023, the USA GDP was $26.2

Process 72

Process Digital Currency Online and Mobile Banking Payments 72

Fintech News

DECEMBER 20, 2023

Efforts were also made to advance digital assets, tokenization and central bank digital currency (CBDC) experimentation with initiatives such as Project Guardian and Project Orchid expanding to include more use cases and moving towards “live” pilots.

FinTech 80

FinTech Cross-Border CBDC Web 3.0 80

PYMNTS

DECEMBER 12, 2019

The head of the European Central Bank (ECB), Christine Lagarde, said she wants a task force to identify clear objectives regarding the ECB’s proposed digital currency initiative by the middle of next year, according to a report by Reuters. Lagarde also said the ECB should be “ahead of the curve” on the issue.

Digital Currency 52

Digital Currency Money Laundering Central Bank Cryptocurrency 52

The Fintech Times

FEBRUARY 19, 2024

“While orchestration layers can save merchants time by accessing ready-made connections they are unable to benefit from the economies of scale that provide savings. “Additionally, central banks are exploring innovative solutions such as CBDC privacy (e.g, But payment curation solutions solve these problems. .

Cross-Border Payments 69

Cross-Border Payments Cross-Border Stablecoins Multi-Currency 69

CoinRemitter

FEBRUARY 7, 2024

Stablecoin Dominance Some individuals have been skeptical of volatility in cryptocurrency prices. But stablecoins like USDT and USDC don’t have much volatility usually. Also read: The Role of Stablecoins in Crypto Payments in 2024 ] 4. Emerging Markets Focus Cryptocurrencies can be proven powerful in developing economies.

Stablecoins 40

Stablecoins Payment Gateways Cryptocurrency Cross-Border 40

The Fintech Times

AUGUST 22, 2024

Mashreq has launched the International Bank Account Number (IBAN) Validation Application Programming Interface (API), tailored for its business and corporate customers. Available now on the Sav app, ‘MyMoney’ consolidates users’ financial data from all their bank accounts, and presents it on one dashboard.

FinTech 59

FinTech Payment APIs and Integration Cross-Border Cross-Border Payments 59

PYMNTS

JUNE 20, 2019

Federal Reserve Chairman Jerome Powell revealed that Facebook has spoken to the central bank about its upcoming cryptocurrency, called Libra. Libra is designed to be a stablecoin, pegged to the value of government-issued currencies.

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Fed Federal Reserve Cryptocurrency Stablecoins 43

The Fintech Times

MAY 13, 2024

This is just one trend of many revealed in the Leading Trends in Digital Payments: Driving the Real-Time Economy in MENA report. Examples include open banking , stablecoins , and central bank digital currency, aligning with the real-time economy’s demand for immediate services.

Payments Trends 59

Payments Trends Innovation Security Payments 59

Fintech News

OCTOBER 28, 2024

Finally, the solution integrates the use of stablecoins for instant settlement by enabling real-time, secure payments through stablecoins once escrow conditions in the smart contract are met. Additionally, smart contracts are utilised to automate trade processes and ensure compliance with predefined conditions.

FinTech 97

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 97

CoinRemitter

JUNE 26, 2024

Central Bank Digital Currencies: Central banks are looking into using blockchain for digital currencies instead of physical cash. They also give central banks more control over monetary policies. Many central banks are testing this idea to see if it could work well.

Blockchain 40

Blockchain Central Bank Cryptocurrency Digital Currency 40

Fintech News

OCTOBER 16, 2024

Furthermore, a closer look will be taken at digital assets, including stablecoins, central bank digital currencies (CBDCs) and tokenised deposits, focusing specifically on interoperability and regulations. This session will feature Masakazu Osawa, Managing Executive Officer, Chief Executive for Asia Pacific, MUFG Bank, Ltd.;

FinTech 96

FinTech Cross-Border Payments AI Innovation 96

Clearly Payments

FEBRUARY 14, 2024

In today’s global economy in 2024, the financial transactions has evolved into a dynamic ecosystem, where a multitude of players work together to facilitate fast and secure payment processing. It will allow the development of new software applications for consumers.

Payments 79

Payments BNPL Value Added Service ISOs 79

PYMNTS

MAY 6, 2019

And this plan is a way for Facebook to leapfrog them by using cool, modern tech and stablecoins tied to fiat currency – today’s hot payments play – and keeps them out of the bitcoin fray. It is stablecoin, tied to fiat currencies – the very same plan JPMorgan Chase said they will use to move money internally, via the JPM Coin.

Online and Mobile Banking 83

Online and Mobile Banking PayPal Innovation Blockchain 83

Wharton Fintech

FEBRUARY 26, 2024

Mastercard’s role in global economies: ensuring resilience, security, and innovation Ed McLaughlin: One of the great things about Mastercard is we truly do power the economy. We have done a lot of work with blockchain technology, particularly stablecoin. And that is what it is going to look like.

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Visa Technology Payments Encryption 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. By accepting cryptocurrency payments, merchants contribute to a more inclusive global economy.

Cryptocurrency 81

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 81

Clearly Payments

OCTOBER 31, 2024

The economy today is tech-driven and payment methods are a key part of that paradigm. Stablecoins : Stablecoins like USDC and USDT are increasingly popular in e-commerce due to their reduced volatility, with stablecoin transactions growing 30% year-over-year. They remain a staple payment method globally.

Online and Mobile Banking 84

Online and Mobile Banking RTP BNPL Debit Card 84

PYMNTS

FEBRUARY 28, 2020

The Deputy Governor of the Bank of England (BoE), Jon Cunliffe, said on Friday (Feb. 28) that digital currencies could potentially dry up lending for banks and affect the economy as a whole, according to a report by Reuters. That would be a change with profound economic consequences.”.

Digital Currency 95

Digital Currency Stablecoins Central Bank Money Laundering 95

CB Insights

FEBRUARY 16, 2021

This is where stablecoins come into play. Stablecoins are much more fixed than normal cryptocurrencies. As a result, stablecoins enjoy the many benefits of being a cryptocurrency (transparency, security, privacy, etc.) Recently, there has been a so-called “stablecoin invasion.” What are stablecoins? Limitations.

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Stablecoins Multi-Currency Cryptocurrency Bitcoin 101

PYMNTS

NOVEMBER 17, 2019

Federal Reserve Board has issued a warning about a possible stablecoin crisis and its impact on the global economy. In its November Financial Stability Report , the central bank explained that “a global stablecoin network, if poorly designed and unregulated, could pose risks to financial stability.

Stablecoins 63

Stablecoins Fed Federal Reserve Financial Inclusion 63

The Payments Association

NOVEMBER 18, 2024

Travers Smith Partner Natalie Lewis articulates, “Everyone decided that a centralised model reliant on the incumbent bank might not be the best way forward.” This sentiment laid the groundwork for the emergence of De-Fi, which seeks to create a decentralised economy free from the shortcomings of traditional financial structures.

Stablecoins 88

Stablecoins Distributed Ledger Technology (DLT) Digital Currency Caps 88

Finovate

DECEMBER 20, 2024

Economies in this region are growing rapidly and with that come opportunities for growth in the financial services industry. Much of the growth here is driven by the desire to bring more people into the banked economy. TechCrunch profiled African stablecoin startup Juicyway. Financial inclusion is big on the agenda.

APACS 105

APACS AI Payment APIs and Integration Small Business 105

The Payments Association

DECEMBER 2, 2024

The payments industry in 2024 saw rapid evolution, marked by the growing adoption of real-time payments, advances in AI-driven fraud detection, and significant progress in Central Bank Digital Currencies (CBDCs).

Embedded Finance 88

Embedded Finance Payments Fraud Detection AI 88

PYMNTS

JULY 15, 2019

To ward off the currency speculators that have tended to plague high-profile crypto projects like bitcoin , Libra will be a stablecoin, with its value pegged to the U.S. We want, and need, governments, central banks, regulators, nonprofits and other stakeholders at the table and value all of the feedback we have received,” he said.

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Regulations Cryptocurrency Money Laundering Governance 40

Finovate

JANUARY 31, 2024

lags behind its peers when it comes to central bank digital currencies (CBDCs), and learn about U.S. Swiss digital asset bank Sygnum scores new funding Has crypto winter yielded to the year’s first crypto unicorn? ” PayPal invests $5 million stablecoin in Mesh The Fed may not have much faith in crypto.

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CBDC PayPal Cryptocurrency Interbank Settlement 64