ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto

ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto AssetsUnbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed out in a new article making the case for a digital euro. The executives have marked key objectives for the project which should provide Europeans with “easy access to central bank […]

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Tectum Softnote Review – Transactionless Crypto Payments of the Future

When it comes to making cryptocurrency payments, the primary concern these days are the high transaction costs and the long confirmation times for legacy networks. In addition, those looking for anonymity with their crypto transactions have to go through several hoops to obfuscate the source of funds and detach the tokens from their identity. What if you could implement off-chain crypto transactions which provide complete anonymity and ease of use for payers and payees? This is where Tectum’s SoftNote product comes in, the first transactionless payment system boasting an instant payment method and zero-fee policy for end users. What Is

The post Tectum Softnote Review – Transactionless Crypto Payments of the Future appeared first on The Merkle News.

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Ghana CBDC Development: New Central Bank Document Outlines Key Motivations for Issuing the Digital Currency

Ghana CBDC Development: New Central Bank Document Outlines Key Motivations for Issuing the Digital CurrencyIn a recently released document, the Bank of Ghana (BOG) outlines some of its key reasons for developing the central bank digital currency (CBDC). Also, in the document, the bank’s governor insists the institution is open to suggestions that will help it to successfully launch the digital currency. Benefits of a CBDC The Ghanaian central […]

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Visa: One in Four Businesses Surveyed Plan to Accept Cryptocurrency Payments This Year

Visa Says a Quarter of Small Businesses Surveyed Plan to Accept Cryptocurrency Payments This YearPayments giant Visa has conducted a survey of small businesses and found that almost a quarter of those who responded plan to accept cryptocurrency payments this year. “I think more people are feeling more confident with crypto,” said a Visa executive. Small Businesses in 9 Countries Plan to Accept Cryptocurrency This Year Visa published a […]

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Eurosystem Approves New Oversight Framework Concerning Crypto Services

Eurosystem Approves New Oversight Framework Concerning Crypto ServicesThe monetary authority of the euro area, the Eurosystem, has introduced a new framework for overseeing electronic payments, including services related to crypto assets. The new set of rules will complement upcoming EU regulations for cryptocurrencies and stablecoins. ECB Aims for Secure and Efficient Digital Payments Through Improved Oversight Following public consultations on the matter, […]

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Singapore to License Digital Payment Providers, Approves Crypto Exchange

Singapore to License Digital Payment Providers, Approves Crypto ExchangeThe Monetary Authority of Singapore (MAS) has notified several providers of digital payment services that they will be licensed to operate in the city-state. The move, which comes after the approval of a crypto exchange for a license, secures Singapore’s status as Asia’s crypto hub, industry observers say. Digital Payment Service Providers to Be Authorized […]

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Bank of Ghana Deputy Governor Says ‘Central Bank Digital Currency Is Fiat Money,’ Reveals Pilot Phase Will Start September

Bank of Ghana Deputy Governor Says 'Central Bank Digital Currency Is Fiat Money,' Reveals Pilot Phase Will Start SeptemberGhana’s proposed central bank digital currency is similar to fiat cash and therefore financial institutions, as well as fintech start-ups, can still create value based on it, a Bank of Ghana (BOG) official has said. Still, the official, Maxwell Opoku-Afari, the BOG’s deputy governor, says approval for the use of the digital currency will depend […]

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