PYMNTS

DECEMBER 18, 2020

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.

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Clearly Payments

MARCH 11, 2024

In recent years, the rise of cryptocurrency has redefined traditional notions of currency and payment systems worldwide. As Canada navigates this digital revolution, understanding the implications of cryptocurrency on the country’s payment systems is paramount.

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Fintech News

JANUARY 23, 2024

Singapore-based payment solutions provider AXS has partnered with Triple-A to introduce bill payments using digital currencies through AXS’s platforms. The service, accessible via AXS m-Station, supports cryptocurrencies like Bitcoin, Ether, Tether, and USD Coin.

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Payments Dive

JULY 11, 2024

The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.

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PYMNTS

AUGUST 14, 2020

A week after details of the Federal Reserve’s instant payment initiative emerged, news came via Bloomberg that the central bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. And even before the BIS findings, in March, members of U.S.

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Payments Source

JANUARY 7, 2020

Facebook’s Libra cryptocurrency project has drawn vast political pushback, but also more tangible government action as nations globally consider central bank supported digital currencies. It’s also sparking a potential bottom-up approach in New York.

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The Paypers

MAY 19, 2023

The government of Pakistan has announced that cryptocurrencies will never be legal in the country in a bid to prevent illegal digital currency transactions.

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PYMNTS

OCTOBER 7, 2020

The Bank of Korea has said it plans to begin testing distribution of its digital currency next year, according to a report by The Korea Herald. The project isn't an indication that the Bank of Korea is officially launching a digital currency — just that it is testing how that would work.

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PYMNTS

MAY 1, 2020

In many ways, the rise of crypto and digital currencies like Bitcoin aims to address some of these issues, empowering payers and payees with a way of bypassing the “middleman” of the inter-banking system for faster transaction speeds. Choice, he said, is key to guiding corporates toward a digital currency ecosystem.

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PYMNTS

JUNE 15, 2020

Korea’s central bank has rolled out a legal advisory group to look at potential challenges to bring a central bank digital currency (CBDC) to fruition, The Korea Times reported. However, the revised terms noted that clients “can’t transfer cryptocurrency to anyone who is not a Revolut customer.”

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PYMNTS

DECEMBER 2, 2020

Visa will provide a credit card that allows companies to make and get payments with the digital currency via the card once Circle graduates from Visa’s Fast Track initiative. Visa itself will not custody the cryptocurrency. Visa is linking its 60 million-merchant-strong international payments network to the U.S.

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The Fintech Times

JULY 12, 2024

As the popularity of digital currencies grows in the region, firms are looking to bridge the worlds of decentralised finance with traditional finance to make offerings more accessible to all. Together, CPICIMHK and AMINA Group are providing a bridge between the established financial sector and the emerging world of digital assets.

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PYMNTS

NOVEMBER 15, 2020

Bank of England Deputy Governor Jon Cunliffe said it isn't his job to shield banks from the coming shift to digital currencies, Reuters reported. Andrew Bailey , governor of the BoE, said over the summer that the BoE is closely examining how the idea of a digital currency would work.

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PYMNTS

FEBRUARY 21, 2020

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.

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Central Bank Digital Currency CBDC Online and Mobile Banking 105

PYMNTS

APRIL 14, 2020

One of China’s state-owned banks has a mobile test app that supports the country’s central bank digital currency, according to a CoinDesk report. Testing the app is a sign the giant lender is working to launch the development and deployment work of rolling out the nation’s digital currency, the report said.

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PYMNTS

JULY 1, 2020

lawyers will be allowed to accept cryptocurrency as payment, according to an opinion by the District of Columbia Bar. The ethics decision came down because of the increasing prominence of digital currency, with the District of Columbia Bar finding it “cannot hold back the tides of change.” Washington D.C.

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PYMNTS

OCTOBER 19, 2020

19) on the bank’s potential rollout of a digital currency. Powell warned of potential downsides to the launch of a digital currency that need to be considered, arguing that the first priority should be to “get it right than to be the first,” Reuters reported. The Fed chief, noting that the U.S.

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Digital Currency Central Bank Fed Federal Reserve 108

Payments Source

SEPTEMBER 9, 2020

backed cryptocurrency exchange Luno has been acquired by New York-based digital asset investment firm Digital Currency Group, according to a company release seen by Bloomberg. Naspers Ltd.-backed

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Payments Source

MARCH 8, 2021

said it will acquire the cryptocurrency firm Curv as it seeks to beef up its talent pool for handling digital currencies. PayPal Holdings Inc.

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Fintech Review

APRIL 9, 2024

But now, there’s something new to consider: cryptocurrencies like Bitcoin. These digital currencies are becoming a popular choice for investors looking to add something different to their portfolios. This unique characteristic of cryptocurrencies emphasises their role in the strategic dispersion of investment risks.

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PYMNTS

MAY 21, 2020

Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. The company wrote in the document that under the system, users could “hold digital currency with the same denomination as the local physical currency (e.g., $100

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CoinRemitter

FEBRUARY 9, 2024

A Central Bank Digital Currency is a country’s official currency, presented in a digital form. CBDCs exist only in digital form and can be stored using compatible electronic devices, unlike physical and paper-based cash. If CBDCs go mainstream, they can dominate the world of digital payments.

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Digital Currency Central Bank CBDC Distributed Ledger Technology (DLT) 40

Fintech Review

APRIL 9, 2024

But now, there’s something new to consider: cryptocurrencies like Bitcoin. These digital currencies are becoming a popular choice for investors looking to add something different to their portfolios. This unique characteristic of cryptocurrencies emphasises their role in the strategic dispersion of investment risks.

Cryptocurrency 52

Cryptocurrency Bitcoin Returns Risk 52

PYMNTS

DECEMBER 26, 2019

The Central Bank of the Bahamas is planning to start a rollout of its new digital currency on Friday (Dec. Called Project Sand Dollar, the name of the currency will also be the sand dollar, according to a press release. The intent is to start a fully-fledged central bank digital currency (CBDC). 27) in Exuma.

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Digital Currency Central Bank CBDC Stablecoins 83

Payments Source

SEPTEMBER 24, 2019

Today: Will IBM work with Facebook on cryptocurrency?; Mastercard's new ad campaign; China pushes back on digital currency reports; Glint becomes insolvent. The information you need to start your day, from PaymentsSource and around the web.

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Digital Currency Visa Cryptocurrency 88

PYMNTS

AUGUST 2, 2019

To let consumers spend the value of their digital currency, instant crypto loan company Nexo is rolling out a cryptocurrency credit card that is Mastercard-branded. It enables owners of digital currency to borrow against a basket of a range of cryptocurrencies like bitcoin, ripple, ether, Litecoin and others.

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PYMNTS

JANUARY 27, 2020

Instead of making its own digital currency, the deputy, Zhu Min, is asking Xi to reconsider rushing that process. He said Digital Currency Electronic Payment, the central bank’s digital currency research scheme, is a natural process. hearing last October.

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PYMNTS

DECEMBER 5, 2019

5) that digital currencies like Facebook’s Libra have no place in the European Union unless the consequences and pitfalls are adequately sorted out, Reuters reported. “No As a cryptocurrency, Libra is considered a stablecoin because it would be backed by traditional currency or securities.

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PYMNTS

AUGUST 11, 2019

The People’s Bank of China (PBoC) said it is now ready to launch its own blockchain-based digital currency after five years of research, CoinTelegraph reported on Sunday (Aug. He was unclear, however, when the digital currency might actually launch. It won’t mimic crypto because it uses a more complex structure.

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Digital Currency Central Bank Blockchain Research 67

Fintech News

SEPTEMBER 16, 2024

DCS Card Centre has partnered with licensed digital currency payment provider Triple-A to allow customers to top up their virtual accounts using digital assets. Triple-A handles the conversion process, ensuring that DCS itself does not interact with the digital assets.

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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.

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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. .

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Fintech Review

SEPTEMBER 3, 2024

The digital payments landscape is rapidly evolving, driven by technological advancements and changing consumer preferences. As we look towards 2025, several key trends are shaping the future of digital payments, including contactless payments, cryptocurrency transactions, and mobile payment solutions. from 2021 to 2030.

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Payments Dive

JULY 8, 2022

Retailers Pacsun and American Eagle Outfitters have similar target audiences but are approaching the rising popularity of digital currency differently.

Cryptocurrency 88

Cryptocurrency Digital Currency Payments 88

PYMNTS

SEPTEMBER 9, 2020

Blockchain firm Digital Currency Group (DCG) has bought the Luno cryptocurrency exchange, which it will keep running as an independent subsidiary, according to a Wednesday (Sept. based company offers digital asset instruction, investment technology and information for people in Europe, Asia and Africa. 9) announcement.

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Digital Currency Bitcoin Blockchain Cryptocurrency 60

Payments Source

DECEMBER 10, 2020

BitPay and Paxos are only the latest digital currency companies to pursue a national charter from the Office of the Comptroller of the Currency.

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PYMNTS

FEBRUARY 5, 2020

The United States Federal Reserve is examining the possibilities and issues surrounding cryptocurrencies and digital payments, which include whether there would be a benefit to the agency issuing a digital currency , according to a report by Reuters.

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Digital Currency Fed CBDC Federal Reserve 52