Articles with tag: digital currency

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Hong Kong Monetary Authority selects ConsenSys for CBDC project

28 Sep 2020 | Cryptocurrencies

The Hong Kong Monetary Authority (HKMA) has selected ConsenSys, a US-based blockchain company, to develop a central bank digital currency (CBDC) project.

Hong Kong Monetary Authority, HKMA, ConsenSys, blockchain, CBDC, central bank digital currency, cross border payments, Singapore

Digital Euro seen as an alternative to 'private digital currencies', ECB

25 Sep 2020 | Cryptocurrencies

The European Central Bank (ECB) has been analysing the benefits and risks of a digital currency, according to its president, Christine Lagarde.

European Central Bank, ECB, Christine Lagarde, digital euro, digital currency, cryptocurrency, blockchain, retail payments

CoinPayments announces strategic partnership with Shopify

23 Sep 2020 | Cryptocurrencies

Canada-based omni-channel commerce platform Shopify has announced a partnership with crypto payment processor CoinPayments.

CoinPayments, Shopify, partnership, cryptocurrency, omnichannel ecommerce, ecommerce platform, Canada, US, North America, cross-border payments, transaction fees, digital currency

Bitcoin wealth more evenly spread with smaller accounts, report

17 Sep 2020 | Cryptocurrencies

Coin Metrics has released a report regarding Bitcoin (BTC) and its decentralisation process, which ‘encompasses a large number of loosely-coupled characteristics.’

Bitcoin, BTC, accounts, report, Bitcoin block, mining, control, wealth distribution, token, digital assets, decentralisation, crypto currency, hashpower, whales, digital currency network, Coin Metrics, crypto platforms, payments and savings

eToro rolls out GoodDollar to deliver Universal Basic Income

11 Sep 2020 | Cryptocurrencies

E-trading brokerage eToro has launched a corporate social responsibility initiative GoodDollar (G$), aiming to bring Basic Income to the mainstream, delivered on the blockchain, according to Forbes.

eToro, GoodDollar, Universal Basic Income, UBI, Basic Income, blockchain, G$, coin, digital currency, CARES Act, financial stimulus, United States

Mastercard initiates Central Bank Digital Currencies (CBDCs) testing platform

10 Sep 2020 | Cryptocurrencies

Mastercard has launched a proprietary virtual testing environment for central banks to evaluate Central Bank Digital Currencies (CBDCs) use cases.

CBDC, digital currency, Mastercard, payments, central banks, commercial banks, technology providers, payments processors, testing platform

Rand Merchant Investments/AlphaCode exits investment in Luno

10 Sep 2020 | Cryptocurrencies

Rand Merchant Investments (RMI), through its fintech investment arm, AlphaCode has exited its investment in Luno. 

Luno, cryptocurrency, Digital Currency Group, investment, fintech, AlphaCode, RMI

UK-based Fintech Group, Mode announces IPO intention

09 Sep 2020 | Payments General

Mode, a UK-based Fintech Group, has announced its intention to undertake an Initial Public Offering and the expected publication by Mode of its Prospectus, which has been submitted for approval to the FCA.

Mode, fintech, API, open banking, IPO, banking, payments, UK, investment, digital currency

Ziglu rolls out peer-to-peer payments for crypto and fiat currencies

08 Sep 2020 | Cryptocurrencies

Ziglu, an-FCA authorised Electronic Money Institution, has launched peer-to-peer payments for all currencies across the Ziglu app.

Peer-to-peer, P2P, cryptocurrency, payments, dinner bill, UK, Ziglu, fiat, digital currency, Electronic Money Institution

Fed joins MIT's digital currency initiative to explore Central Bank Digital Currency

04 Sep 2020 | Cryptocurrencies

The Federal Reserve Bank (FRB) has taken CBDCs seriously and has been engaged in efforts to research a path toward implementation.

distributed ledger, CBDC, FED, MIT Digital Currency Initiative, digital currency, US, central banks, commercial banks

Brazil's central bank announces CDBC rollout in two years

04 Sep 2020 | Cryptocurrencies

The president of Brazil’s central bank has announced Brazilians could expect to see a central bank digital currency (CDBC) before 2023.

Banco Central, Brazil, open banking, PIX, central bank digital currency, CBDC, P2P payments, B2B payments

eCurrency brings CBDC benefits to all in ecosystem utilising digital secure currency technology

04 Sep 2020 | Payments General

‘Choices around the technology used for CBDC are important as they would have a significant impact on the extent to which CBDC meets our overall objectives’, The Bank of England

Central Bank Digital Currency, Lars Arvidsson, eCurrency, Bank of England, DLT, digital wallets, central banks, commercial banks, Digital Secure Currency, payment cards, mobile money wallets

The American Central Bank Digital Currency plan – quiet, powerful, imminent

02 Sep 2020 | Cryptocurrencies

Douwe Lycklama, Innopay: After years of cash reduction in favour of commercial banks debt money, now central banks can regain some of their position once held in a cash society

Douwe Lycklama, INNOPAY, CBDC, central bank digital currency, programmable money, digital wallet, tokens, Decentralised Finance, DeFi, US, central banks

After soft launch of digital yuan wallet, Chinese bank disables the app

31 Aug 2020 | Cryptocurrencies

China Construction Bank (CCB) had opened a wallet service for China’s central bank digital currency to public users, however it has disabled it after the feature gained widespread attention.

DCEP, digital yuan, central bank digital currency, China, China Construction Bank, innovation, mobile wallet, mobile app

Bank of Korea to pick consulting partner for CBDC

31 Aug 2020 | Cryptocurrencies

The Bank of Korea (BOK) has been accelerating its drive for the timely establishment of a central bank digital currency (CBDC) pilot system.

CBDC, architecture, central banks, central bank digital currency, Bank of Korea, cryptocurrency, pilot, trial

Coinify, Galaxus enable ecommerce payments using Sygnum Bank DCHF stablecoin

27 Aug 2020 | Cryptocurrencies

Coinify, Sygnum Bank, and Galaxus have announced the world’s first ecommerce transaction using a bank-issued stablecoin, according to the official press release.

Coinify, Sygnum Bank, Galaxus, stablecoin, ecommerce, payments, digital currency, blockchain, digital assets

Interview with Cypherium about blockchains and Central Bank Digital Currencies trials

24 Aug 2020 | Cryptocurrencies

Blockchain, or ‘distributed ledger’ technology that underpins Bitcoin, has emerged as an object of intense interest in the financial services industry and beyond

financial services, blockchain, central bank digital currency, CBDC, central banks, Sky Guo, Cypherium, digital currencies, DLT, China

Major Chinese cities announce testing of Central Bank Digital Currency

21 Aug 2020 | Cryptocurrencies

Chinese Central Bank Digital Currency (CBDC) will soon be tested in ‘Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region’ according to China’s Ministry of Commerce.

Central Bank Digital Currency, CBDC, China, digital yuan, Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, digital wallet app, accounts, money, payments, money transfer

National Bank of Cambodia implements retail payments system using blockchain technology

21 Aug 2020 | Cryptocurrencies

National Bank of Cambodia (NBC), has partnered with Tokyo-based Soramitsu, a blockchain developer, to modernise the country’s legacy retail payments with the help of the Hyperledger Iroha blockchain framework.

Cambodia, banks, retail, payments, blockchain, technology, National Bank of Cambodia, NBC, Tokyo, Soramitsu, Hyperledger Iroha, Banking, digital, digital currency, merchants, mobile app, network

China's virtual Yuan DCEP System to be released in Hong Kong

14 Aug 2020 | Online & Mobile Banking

China’s virtual yuan (CBDC), also referred to as digital currency electronic payment (DCEP) has been announced for testing in Hong Kong’s Greater Bay Area in August 2020.

China, Hong Kong, virtual yuan, DCEP System, CBDC, Greater Bay Area, digital currency, digital currency electronic payment, Guangzhou, Shenzhen, Macau, financial centre, financial infrastructure, Guangdong, South China, international adoption, virtual banking system