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Visa says it is working to integrate digital currencies with its existing global network of 61 million merchants. The global payments technology giant is working with two licensed and regulated digital currency platforms, Coinbase and Fold. In a blog post, Visa says the emergence of fiat-backed digital currencies or stablecoins promises a new payment innovation … Read more
Bank of Japan has announced the launch of a new CBDC research team, which will continue the work of its previous CBDC research team. Go to Source Powered by WPeMatico
High-profile investors are concerned about the possibility of rising inflation — and they are turning to cryptocurrency to hedge against it. Go to Source Powered by WPeMatico
The world’s banking cartel will gather $18 billion in fees for facilitating the settlement of small business Paycheck Protection Program (PPP) relief loans leveraged during the Covid-19 pandemic. The $640 billion in PPP relief loans stem from the CARES Act and allegedly there’s only $130 billion left for Americans looking for funds. The Banks Will … Read more
The Bank for International Settlements expects the COVID-19 crisis’ impact on retail payments to have a positive effect on central bank digital currency development. Go to Source Powered by WPeMatico
The third decade of the 21st century will make cryptocurrency the main payment method worldwide because of its benefits over fiat. Go to Source Powered by WPeMatico
For the first time since October 2019, Federal Reserve Chair Jerome Powell admitted to leveraging quantitative easing (QE) tactics. Powell explained on Friday, the central bank is now comfortable with leveraging QE on a regular basis. Furthermore, the Fed is planning on utilizing negative interest rates in the near future, according to a number of … Read more
Advances in payment settlements and decentralized ledger technology are driving central banks to consider digital currencies, according to a recent Bank of Korea report. Go to Source Powered by WPeMatico
On May 14, Bitcoin.com Executive Chairman Roger Ver sat down with Digifinex cofounder, Kiana Shek, for an ask-me-anything (AMA) session about the cryptocurrency ecosystem. Ver explained what he thinks about the central banks printing unlimited money, the government-induced lockdowns, and his opinions about certain cryptocurrencies like BTC, BCH, XRP, ETH, and more. Bitcoin.com Executive Chairman … Read more
ECB executive board, Yves Mersch, believes that the main impediment for CBDC is philosophical rather than technological. Go to Source Powered by WPeMatico
