New Ethereum-Based Token to Be Backed by Bitcoin
An American blockchain tech firm has announced the development of Wrapped Bitcoin, a ERC-20 token that will be backed 1:1 with bitcoins Go to Source Powered by WPeMatico
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Visa CEO: Crypto Doesn’t Challenge Our Hegemony in the Short to Medium-Term
Visa CEO claims that crypto needs to become “somewhat like a fiat currency” before it can compete with traditional financial systems Go to Source Powered by WPeMatico
Payments Company Square Open-Sources Its Bitcoin Cold Storage Tool
U.S. payments processing company Square open-sources the code, documentation, and tools for its Bitcoin cold storage solution Go to Source Powered by WPeMatico
Money 20/20: Experts Debate Whether Blockchain Will Replace Current Payment Systems
At the Money 20/20 conference, experts debated about the future of blockchain technology, and whether it can replace current payment systems Go to Source Powered by WPeMatico
Visa Set to Launch Blockchain-Based Digital Identity System with IBM in Q1 2019
Visa is readying its Hyperledger Fabric-based digital identity system for cross-border payments for launch in the first quarter of 2019 Go to Source Powered by WPeMatico
Bank of Japan: Central Bank-Issued Digital Currencies Are Not an Effective Economic Tool
The Bank of Japan’s deputy governor believes that central bank-issued digital currencies cannot be economic tools, since fiat currency is still popular Go to Source Powered by WPeMatico
Marks Jewelers Now Accepting Bitcoin Cash for Payments
U.S. jewelry retailer Marks Jewelers has started accepting payments in cryptocurrency, including bitcoin cash. Shoppers can now pay for luxury goods such as fine diamonds, watches and engagement rings using BCH and seven other digital currencies. Also read: Report: Emerging Markets See Sharp Growth in Cashless Transactions Retailer to Cut Costs with Low BCH Transaction Fees … Read more
Report: Emerging Markets See Sharp Growth in Cashless Transactions
South Africa is the most cryptocurrency-friendly country in Africa, according to the 2018 World Payments Report by French banking group BNB Paribas and IT company Capgemini. Compared to other major economies on the continent, South Africa has allowed digital currency-based payments, trades and investments to flourish almost unhindered. Also read: African Cryptocurrency Exchanges Forced to Step-Up … Read more
Gates Foundation to Partner with Ripple and Coil to Support ‘Pro-Poor’ Payment Systems
The Bill and Melinda Gates foundation has partnered with Ripple and Coil to implement Ripple’s Interledger protocol and develop their mobile platform for the unbanked Go to Source Powered by WPeMatico
World Payments Report 2018: DLT Falls Short of Meeting Financial Market Demands
The World Payments Report 2018 has found that blockchain technology is not presently capable of meeting the demands of the financial market Go to Source Powered by WPeMatico