Clearly Payments

JANUARY 4, 2024

As digital currencies grow in popularity , merchants around the world are exploring the potential benefits of accepting payments in cryptocurrency. Faster Settlements: Cryptocurrency transactions are typically faster than traditional banking transactions, providing merchants with quicker access to funds. What are Stablecoins?

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Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

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).

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Central Bank Digital Currency CBDC Settlement 57

PYMNTS

MAY 22, 2020

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. . The digital currency would be backed by the yuan, the Korean won, the Japanese yen and the Hong Kong dollar. .

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Digital Currency Cross-Border Settlement Bitcoin Central Bank 56

PYMNTS

MAY 22, 2020

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. . The digital currency would be backed by the yuan, the Korean won, the Japanese yen and the Hong Kong dollar. .

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Fintech News

DECEMBER 11, 2023

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). Meanwhile, the the direct model is where central banks manage wallets and settlements within a centralised CBDC system.

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Clearly Payments

AUGUST 24, 2024

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. Digital cash, whether in the form of cryptocurrencies or central bank digital currencies (CBDCs) , promises to redefine the future of money.

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PYMNTS

JUNE 10, 2020

The Bank of Ghana continues to consider the creation of a digital currency, GhanaWeb reported. Dr. Maxwell Opoku-Afari, the bank’s first deputy governor, reportedly said during a digital workshop that the bank remains steadfast in facilitating innovation and piloting ideas like a central bank cryptocurrency.

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The Fintech Times

FEBRUARY 27, 2024

Having looked at some of the biggest technologies to impact the payments world, like buy now pay later (BNPL) and central bank digital currencies (CBDCs) , we now look to the future and what the next trend may be. For businesses, A2A payments promise higher conversion rates, reduced transaction costs, and real-time settlement.

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Consumer Protection Stablecoins Payments Trends Consumer 69

Fintech News

DECEMBER 4, 2023

Australian cryptocurrency exchange Independent Reserve has forged a new partnership with RelayPay, a digital currency payments platform. And as the cryptocurrency space continues to evolve and mature, we expect the opportunities for digital payments to continue to grow.”

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PYMNTS

SEPTEMBER 21, 2020

The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. Acting Comptroller of the Currency Brian P. 21) press release.

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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.

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Digital Currency Stablecoins Central Bank Money Laundering 95

PYMNTS

JULY 6, 2018

MakerDAO, which has a stablecoin called Dai, said the token is being tested with the Tradeshift Cash solution, CoinDesk reported. With the effort, a small business could have the opportunity to change an invoice into the Dai stablecoin. The coin would be offered at a discount, and a crypto investor could purchase the token.

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Stablecoins Small Business Blockchain Digital Currency 53

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.

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Payments Trends Digital Currency Cross-Border Payments Instant Payments 109

The Fintech Times

MAY 16, 2024

In recent years, digital currencies have been all the rave. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. “The biggest digital asset innovations in the past year have been twofold.

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PYMNTS

DECEMBER 10, 2019

Members of the Governing Council anticipate informal discussions about digital currency, which will take place ahead of a Thursday (Dec. dollar as the international reserve currency. Policymakers at the European Central Bank (ECB) will meet in Frankfurt on Wednesday (Dec. 10), citing Eurozone sources.

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Central Bank Digital Currency Federal Reserve Stablecoins 54

CB Insights

SEPTEMBER 7, 2021

Custody, wallet, & digital asset services: These companies provide crypto asset storage, security, management, and investment products for institutions and consumers. For example, Paxos (over $500M in total funding) offers a crypto asset custodial service, brokerage, exchange, and equities settlement for institutions.

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Blockchain NFTs Distributed Ledger Technology (DLT) Multi-Currency 101

Fintech News

JANUARY 9, 2024

Traditional financial institutions are showing a growing interest in digital currencies, a trend driven by market dynamics and technological advancements. Some companies that have relied heavily on digital currencies have faced considerable challenges, while venture capital interest has shifted.

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PYMNTS

SEPTEMBER 19, 2019

And against that backdrop comes … a new settlement coin. And for the settlements, consider these stablecoins as traveling finite territory in the most recently defined uses cases – as in, intrabank. 18) that it will pilot its own digital coin, known as Wells Fargo Digital Cash, which Reuters reported is to be linked to the U.S.

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Global Fintech & Digital Assets

FEBRUARY 26, 2024

The Consultation Paper comes shortly after the Financial Services and the Treasury Bureau and the HKMA issued a consultation paper in December 2023 outlining their legislative proposal for a regulatory regime governing stablecoin issuers in Hong Kong (see this Latham blog post ). reference assets). reference assets).

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CB Insights

NOVEMBER 5, 2020

Payments: This category includes companies working on tech like payment currencies, stablecoins (cryptocurrency pegged to the value of a non-volatile asset like the dollar), and real-time gross settlement (RTGS) systems that can enable transactions within a DLT-based capital markets framework.

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Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Blockchain Money Laundering 98

PYMNTS

MARCH 19, 2019

dollar token that’s fully backed by funds on deposit with a qualified SEC custodian, as well as other digital currencies, to facilitate settlement. The World Wire network will support more than 50 countries, with more than 20 currencies and more than 30 banking endpoints. “As

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PYMNTS

AUGUST 3, 2020

.” So it may seem like a big leap in the world of payments for a bank to be built on the foundations of blockchain and digital assets — but as Long pointed out, Avanti will be far from the only one to operate in the space, even in the U.S.

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Real Time Payments Office of the Comptroller of the Currency Settlement Treasury 117

The Fintech Times

DECEMBER 14, 2023

Salim Dhanani, co-founder and CEO of Pave Bank Salim Dhanani , co-founder and CEO of Pave Bank commented: “We have set out to address limitations of today’s financial system that lacks transparency, remains restricted to certain time-windows (clearing and settlement, for example) and is riddled with intermediaries.

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Economy Finance Multi-Currency Regulations 59

Fintech Finance

JUNE 13, 2024

BVNK , the stablecoin payments provider, announced today that it has enabled Swift payments on its platform, so businesses can move easily between US dollars, Euros and stablecoins like USDT, USDC and PYUSD. By bringing together bank and blockchain payment rails and currencies in a single platform, we enable this for our customers.

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Fintech News

APRIL 10, 2024

The Bank for International Settlements (BIS) has released a report, “Stablecoins: Regulatory Responses to Their Promise of Stability,” analysing the regulatory environments for stablecoins across seven distinct jurisdictions.

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Stablecoins Regulations Risk Mitigation Digital Currency 114

Clearly Payments

FEBRUARY 14, 2024

billion by 2027 , reflecting the indispensable role of these technical maestros in managing transaction authorization and settlement. Payment Processors: These companies handle transaction authorization and settlement, ensuring smooth data exchange. Furthermore, global payment volume reached a staggering $31.7

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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.

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Digital Currency Central Bank Fed Federal Reserve 104

BitPay

MAY 25, 2023

Any payment made with traditional remittances and payroll solutions can be made with crypto, only cheaper, faster and in a variety of digital currencies. Marketplaces and affiliates settlements - Pay out sellers and affiliates at scale. BitPay supports the top cryptocurrencies, including Bitcoin (BTC), altcoins and stablecoins.

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Cryptocurrency B2B Bitcoin Processors 40

Fintech News

JANUARY 24, 2024

This is part of MAS’s broader strategy to strengthen consumer safeguards and mitigate risks in the digital currency domain. It’s also the operator of the DBS Digital Exchange, a provider of member-only exchanges offering professional investors with access to digital assets such as security tokens and crypto.

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Service Provider Cryptocurrency Payments Institute Stablecoins 98

Wharton Fintech

FEBRUARY 26, 2024

We have done a lot of work with blockchain technology, particularly stablecoin. We have been working with governments on what is called central bank digital currency, or CBDC. I think that is another great example where we do over 150 currencies on the network today. And that is what it is going to look like.

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PYMNTS

NOVEMBER 2, 2020

Delving Into Digital Currencies. Beyond the most immediate challenges, we’re headed into a longer-term evolution where digital payments are paving the way for the adoption of digital currencies, spanning, as Webster noted, crypto, digital bitcoin, digital dollars and stablecoins.

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B2B Cross-Border Digital Currency Multi-Currency 119

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.

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FinTech Cross-Border CBDC Central Bank 90

CB Insights

MAY 8, 2018

Basis is building a “stablecoin” that is intended to be less volatile than other cryptocurrencies. Launched in 2016, the NFF helps clients integrate business processes, like clearance and settlement, with new technologies. The encrypted messaging service raised $1.7B With all this, pre-sales are a mixed bag.

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Blockchain Technology Cryptocurrency Use Case 75

PYMNTS

DECEMBER 7, 2020

And legislation looms here in the United States that would set regulatory hurdles – and, depending on how you look at it, guardrails – on stablecoins in general. That’s a pretty wide net, as it would cover any number of stablecoins pegged to single currencies or baskets of currencies. Casting a Wide Net .

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PYMNTS

JUNE 30, 2020

Charles Cascarilla, CEO and co-founder of stablecoin company Paxos, said stablecoins and digital central-bank currencies are “critical” for financial infrastructure. But the rise of Facebook’s Libra cryptocurrency and other stablecoins have shown some concerns over risks to the financial system’s stability.

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Stablecoins Financial Inclusion Online and Mobile Banking Federal Reserve 124

PYMNTS

JULY 30, 2019

In a hearing titled “Examining Regulatory Frameworks for Digital Currencies and Blockchain,” the United States Senate Banking Committee heard from industry participants and analysts, with a common refrain that potential and risk are in the offing, and new regulations are needed. In crypto, only a few trust?

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PYMNTS

OCTOBER 1, 2018

31, 2018, will mark the 10th anniversary of the day that a link to a paper , authored by Satoshi Nakamoto , describing the digital currency called bitcoin was first publicly circulated. The end of this month, Oct.

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