Digital Wallet – DIGIT INFO

Bank of America, JPMorgan, Wells Fargo Collaborate to Launch Digital Wallet: Report

Seven major banks, including Bank of America, JPMorgan Chase, and Wells Fargo, have reportedly teamed up to launch a digital wallet that will compete with other third-party wallet providers such as Paypal and Apple Pay. Big Banks to Launch a Digital Wallet Bank of America, JPMorgan Chase, Wells Fargo, and four other financial institutions behind […]

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Former Chinese central banker says digital yuan ‘usage has been low’

A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.”

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BlockFi files motion to return frozen crypto to wallet users

Crypto lender BlockFi has asked a U.S. Bankruptcy Court for the authority to return the crypto held in BlockFi Wallets to users.

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Israeli court rules authorities can seize crypto in 150 blacklisted wallets

Over 150 crypto wallets blacklisted for alleged links to funding terror groups can now be drained of all funds following a ruling by an Israeli court.

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Bank of England opens applications for ‘proof of concept’ CBDC wallet

The bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000.

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Sanctioned Russian Bank Tests In-app Operations With Digital Rubles

A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the institutions placed under Western sanctions earlier this year in connection with Moscow’s actions in Ukraine. Russian Bank Experiments With Digital Ruble Transfers via Mobile Application […]

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The Central Bank of Colombia Is Studying the Creation of a Digital Currency

The Central Bank of Colombia is studying the launch of a digital currency, according to statements made by its manager, Leonardo Villar. The organization is evaluating the launch of this instrument as a means of unifying the different digital wallets in the country, making them interoperable and easier to use for customers. Central Bank of […]

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Argentinian Tax Authority Will Be Able to Confiscate Digital Wallets to Collect Tax Debts

The Argentinian Tax Authority (AFIP) will now be able to confiscate the assets that taxpayers have in digital wallets if they have debts with the organization. The recommendation for attorneys of this institution to include these digital accounts was made last year, but the execution of debt collection was suspended during the Covid-19 pandemic period. […]

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‘Buy now pay later’ firm Zip plans to offer crypto trading in Australia and the US

“We know our younger generation of customers seek additional products and services that are relevant to them,” said Zip co-founder Peter Gray.

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European Union to Release Digital Wallet for Payments Next Year

The European Union (EU) will launch a digital wallet allowing citizens of any country in the bloc to make payments and access services provided by each state, also allowing for the storage of digital ID information. The wallet, which will reportedly be launched next year, could be tied in with the digital euro project, a […]

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