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.

Digital Currency 103

Digital Currency Real Time Gross Settlement (RTGS) Cross-Border Settlement 103

Clearly Payments

AUGUST 29, 2024

Central Bank Digital Currencies (CBDCs) have received attention in recent years as central banks worldwide explore the potential to evolve the way we conduct financial transactions. With the rise of digital payments, cryptocurrencies, and fintech innovations, CBDCs represent a new frontier in the evolution of money.

Central Bank 105

Central Bank Digital Currency CBDC Cross-Border Payments 105

PYMNTS

OCTOBER 9, 2020

The Federal Reserve is collaborating with seven central banks and the Bank for International Settlements (BIS) to hammer out a framework for digital currency. . The People’s Bank of China (PBOC) is already testing the renminbi, a digital currency it says will extend the yuan’s worldwide reach.

Digital Currency 104

Digital Currency Central Bank Fed Federal Reserve 104

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.

Digital Currency 108

Digital Currency Central Bank Fed Federal Reserve 108

Clearly Payments

JANUARY 4, 2024

Since 2009, the financial landscape has been undergoing a transformation with the emergence of cryptocurrencies. As digital currencies grow in popularity , merchants around the world are exploring the potential benefits of accepting payments in cryptocurrency.

Cryptocurrency 105

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

Tearsheet

FEBRUARY 27, 2025

Several years ago, we began testing cryptocurrency transfers to better understand the technology as it relates to payments and immediately saw the value it could provide, says May Zabaneh, VP of Product at PayPal. Institutional platforms such as Anchorage Digital and Fireblocks. PYUSD is now on both Ethereum and Solana.

PayPal 72

PayPal Payments Privacy Digital Currency 72

PYMNTS

NOVEMBER 27, 2019

The First Deputy Governor of the central bank of France, Denis Beau, spoke in support of a blockchain-based settlement system that would allow for faster transfers of euros, as well as be more cost-efficient, according to a report by Yahoo!

Central Bank 94

Central Bank Digital Currency Distributed Ledger Technology (DLT) CBDC 94

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

Digital Currency 97

Digital Currency Central Bank CBDC Federal Reserve 97

Fintech News

MAY 21, 2024

As the financial landscape undergoes a digital revolution, institutional investors are increasingly turning their attention to digital assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs). Institutional investors focus on digital assets.

Settlement 139

Settlement Cryptocurrency Blockchain Digital Currency 139

The Payments Association

JANUARY 21, 2025

Will Marwick CEO, IFX Payments The Payments Report 2024 highlights the growing impact of digital currencies, particularly stablecoins, as transformative payment solutions. The report notes how stablecoins, supported by regulatory developments, are driving advancements in digital commerce and cross-border transactions.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

CoinRemitter

MARCH 28, 2025

The crypto payment adoption is growing rapidly across the European Union (EU), with stablecoins being widely used as a preferred cryptocurrency among businesses. The Rise of Stablecoins in Europe With the evolving global financial landscape, European businesses are aggressively turning to cryptocurrency payments for more efficiency.

Stablecoins 52

Stablecoins Payment Gateways Gateways Cryptocurrency 52

PYMNTS

DECEMBER 27, 2020

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. The price of bitcoin has passed $28,000 on Sunday (Dec. 25) and then $26,000 on Saturday (Dec.

CBDC 101

CBDC Bitcoin Digital Currency Cryptocurrency 101

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.

Cryptocurrency 104

Cryptocurrency Consumer Protection Financial Inclusion Payments 104

PYMNTS

JUNE 17, 2020

For instance, Nikkei Asian Review recently reported that Chinese officials are mulling developing an “East Asia digital currency” in what might be a new front in the race among nations to issue fiat rendered in bits and bytes. It seems, then, that battle lines of sorts are being drawn around digital currencies.

Digital Currency 89

Digital Currency Central Bank CBDC Deposit Account 89

Fintech News

FEBRUARY 2, 2025

Inspired by the “Finternet” concept introduced by the Bank for International Settlements (BIS) in April 2024, the Pathway 2035 guide explores four transformative themes shaping the financial landscape: artificial intelligence (AI), digital assets, digital trust and quantum-safe technologies.

Innovation 131

Innovation Finance AI Encryption 131

PYMNTS

SEPTEMBER 8, 2020

The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. Roberto Campos Neto, president of Brazil’s central bank, said his country’s new digital currency will work in concert with its new instant-payments system. “To

Digital Currency 87

Digital Currency Central Bank CBDC Instant Payments 87

The Payments Association

MARCH 19, 2025

The growing role of digital assets in payments The way we process payments has changed drastically in the last decade. Notably, the rise of cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) are transforming the digital payments landscape.

Cross-Border 88

Cross-Border Reconciliation Compliance Payments 88

PYMNTS

DECEMBER 6, 2020

Citigroup will be helping governments around the world establish sovereign digital currencies, or central bank digital currencies (CBDC), CEO Michael Corbat says, according to a report from CoinDesk. 4), Corbat said the development of such digital currencies was likely inevitable with the way money has been trending.

CBDC 114

CBDC Digital Currency Central Bank Governance 114

PYMNTS

DECEMBER 28, 2020

Digital currencies could render the SWIFT global payments network unnecessary, RT.com reported, citing the Central Bank of Russia (CBR). Olga Skorobogatova, first deputy governor of the CBR, said 30 countries are working on their own national digital currencies, some of which could launch in five to seven years.

Central Bank 142

Central Bank SWIFT Digital Currency CBDC 142

Fintech Finance

MAY 23, 2024

Reltime , a leading innovator in blockchain and Web3 technology, is thrilled to announce the launch of its state-of-the-art Global Payment Gateway (GW), designed to empower merchants and shops worldwide to accept payments from all popular digital currencies. Digital USD/EUR, Bitcoin, Ethereum, etc.

Digital Currency 59

Digital Currency Payment Gateways Multi-Currency Gateways 59

Finovate

NOVEMBER 6, 2024

The partnership will enable users of Ingenico’s platform globally to accept payments in cryptocurrency. “With this level of compliance automation, Boerse Stuttgart Digital can onboard banks, brokers, and asset managers seeking to unlock crypto trading faster, thus accelerating growth.”

Blockchain 64

Blockchain Cryptocurrency SWIFT Payments 64

PYMNTS

OCTOBER 9, 2020

In terms of collaboration, as noted in this space, the Federal Reserve is working in collaboration with seven other central banks and the Bank for International Settlements (BIS) to bring together a framework that would smooth the path to digital currency issuance. The Federal Reserve Bank has been exploring a digital currency.

Digital Currency 70

Digital Currency Central Bank CBDC Federal Reserve 70

The Fintech Times

APRIL 11, 2025

Taurus-NETWORK creates an ecosystem covering public and permissioned DLTs, as well as all types of assets whether cryptocurrencies, tokenised securities, and digital currencies. Furthermore, looking at embedded compliance, travel rule compliance and proof of reserves are embedded by design.

Participant 59

Participant Settlement Irrevocability Compliance 59

PYMNTS

FEBRUARY 6, 2020

Central bank leaders from six countries and the Bank for International Settlements (BIS) have planned an April meeting to discuss digital currencies and the parameters involved for launching their own, the Nikkei Asian Review reported on Thursday (Feb. In January, the central banks of the U.K.,

Central Bank 100

Central Bank Digital Currency CBDC Federal Reserve 100

Fintech News

DECEMBER 4, 2023

Australian cryptocurrency exchange Independent Reserve has forged a new partnership with RelayPay, a digital currency payments platform. This collaboration aims to facilitate cryptocurrency transactions for Independent Reserve’s business clients in Australia and New Zealand.

Digital Currency 107

Digital Currency Cryptocurrency Bitcoin Stablecoins 107

PYMNTS

JANUARY 24, 2020

In a move that signals Tokyo’s concern regarding China’s effort to make a digital yuan, as well as Facebook’s Libra, a collection of ruling party legislators is crafting a proposal for Japan to create its own cryptocurrency.

Digital Currency 100

Digital Currency Central Bank Cryptocurrency Governance 100

PYMNTS

FEBRUARY 28, 2020

28) that digital currencies could potentially dry up lending for banks and affect the economy as a whole, according to a report by Reuters. Many central banks around the globe are wrestling with the implications of digital currencies and how they will affect a country’s financial health.

Digital Currency 95

Digital Currency Central Bank Stablecoins Money Laundering 95

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 Bitcoin Central Bank 64

Stax

MARCH 11, 2025

There are six main payment methods used in online payments, including credit & debit cards, digital wallets, ACH & bank transfers, direct debit, Buy Now, Pay Later (BNPL) services, and cryptocurrencies. Vincent, the Grenadines, Anguilla, and Montserrat has issued Dcash, a cryptocurrency it guarantees and maintains.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).

Central Bank 57

Central Bank Digital Currency CBDC Settlement 57

PYMNTS

SEPTEMBER 25, 2020

Cleveland Federal Reserve President Loretta Mester said in a speech this week that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America. Her speech, entitled “Payment and the Pandemic,” included a section on digital currencies.

Fed 132

Fed Federal Reserve Digital Currency Central Bank 132

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

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.

Digital Currency 60

Digital Currency Payments Settlement Bitcoin 60

PYMNTS

OCTOBER 12, 2020

million) worth of digital currency to 50,000 people chosen by lottery in the country’s first trial run of a cashless payments system, according to numerous reports on Monday (Oct. They will receive a digital red packet that can be downloaded using the official Renminbi app that only the winners will be able to access.

Digital Currency 96

Digital Currency Central Bank Cryptocurrency Settlement 96

PYMNTS

JANUARY 27, 2021

According to a study by the Bank for International Settlements (BIS), central bank digital currencies (CBDCs) will be available for 20 percent of the world’s population in the next three years.

CBDC 102

CBDC Central Bank Digital Currency Financial Inclusion 102

PYMNTS

JANUARY 21, 2020

And now, for digital currencies, it’s a group effort — among central banks, that is. Up until now, the explorations and considerations of digital currencies — as would be, potentially, issued by central banking systems to bring fiat into digital form — has been done on a country-by-country basis.

Central Bank 57

Central Bank Digital Currency CBDC Federal Reserve 57

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.

Digital Currency 52

Digital Currency Fed Federal Reserve CBDC 52