Remove Central Bank Remove Financial Inclusion Remove Stablecoins
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StraitsX is Bringing Real-World Stablecoins to the Singapore Mainstream

Fintech News

Stablecoins have been rising in conversation within the financial ecosystem of Singapore. As the name implies, stablecoins are digital assets designed to maintain a stable value relative to a reference asset, such as the US Dollar or gold.

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The Best of Finovate Global 2023: Digital Transformation, Financial Inclusion, AI and Automation

Finovate

EMTECH, a company that provides infrastructure for central banks, provided a CBDC hackathon as part of a pilot project with the Bank of Ghana. African fintech Bloc launched its business banking solution this week. Brazilian neobank Nubank partnered with Circle to introduce the USDC stablecoin to its customers in Brazil.

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Exploring Digital Currencies Across the Middle East and Africa in 2024

The Fintech Times

Cryptocurrencies, central bank digital currencies (CBDCs) and stablecoins remain prominent and continue to see innovation worldwide; particularly in the Middle East and Africa (MEA). By leveraging cryptocurrencies, these individuals gain access to financial tools and services previously unavailable to them.

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Dubai to Host 10th P2P Financial Systems International Workshop in 2024

The Fintech Times

Previously hosted by major institutions like the Federal Reserve, Deutsche Bundesbank and the European Central Bank, the workshop has become a central platform for discussions on cutting-edge financial innovations. The event will also explore emerging issues such as consumer protection in the age of generative AI.

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A Merchant Guide for Cryptocurrency Payments

Clearly Payments

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.

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SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Fintech News

This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. Meanwhile, the the direct model is where central banks manage wallets and settlements within a centralised CBDC system. The PoC explored two models.

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Digital Fiat Via Blockchain — Or Solution In Search Of Problem?

PYMNTS

Much has been written about how delivering fiat currencies digitally can boost financial inclusion and perhaps streamline financial services. Cointelegraph described the initiative as “a stablecoin backed by a network of banks.” Senate Banking, Housing and Urban Affairs Committee Chairman Sen. is immutable).