China’s digital yuan pilots have processed $300M so far, says PBoC head
China’s digital yuan pilot program is picking up speed. Go to Source Powered by WPeMatico
Digital Currency
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Coinbase Launches Cryptocurrency Visa Card in the US
U.S. customers can now apply for the Coinbase Visa, a card that allows users to spend digital assets anywhere Visa is accepted. In addition to the U.S. launch, Coinbase cardholders will be able to earn up to 4% back in stellar or 1% back in bitcoin. A while back, the San Francisco-based cryptocurrency firm Coinbase … Read more
Bahamas strikes first with Sand Dollar amid US–China CBDC faceoff
Fed Chairman Powell sees no urgency to develop a CBDC, but eventually, the world’s top central bank must act, say experts. Go to Source Powered by WPeMatico
Toyota’s IT arm works on digital token pilot with crypto exchange
Another automotive company is moving into crypto. Go to Source Powered by WPeMatico
Digital yuan will work with WeChat and Alipay, says bank exec
Details regarding the digital yuan’s characteristics are taking shape. Go to Source Powered by WPeMatico
JP Morgan Sees Millennials’ Bitcoin Preference Over Gold as Foundation for Its Long Term Success
JP Morgan says bitcoin’s 2020 surge is set to continue as the digital cryptocurrency competes better against gold as an alternative currency. In a note, the financial institution says that with millennials set to become a more important market participant in the coming years, their preference for bitcoin to gold sets up the crypto for … Read more
Digital ruble must ensure privacy, not anonymity: Russia’s central bank
Russia’s digital ruble will not have the same level of anonymity as cash, says official. Go to Source Powered by WPeMatico
Russia doesn’t need to be first with a digital currency, says state expert
Russia is purportedly taking a fast-second strategy for the digital ruble. Go to Source Powered by WPeMatico
PayPal might issue its own cryptocurrency soon, says CoinShares exec
The CSO of CoinShares thinks that a payments-focused PayPal token could be forthcoming. Go to Source Powered by WPeMatico
CBDC as a store of value threatens financial system, says German official
The German central bank is considering alternatives to CBDC as a digital payment solutions Go to Source Powered by WPeMatico
