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The Federal Reserve certified the FedNow Service as “ready,” after it onboarded 41 financial institutions, 15 service providers and the U.S. Department of the Treasury to test out the system, before its launch by the end of July 2023. Go to Source Powered by WPeMatico
The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country. Go to Source Powered by WPeMatico
The use of physical currency for transactions is plummeting globally, so why is the U.K. so tentative with its own central bank digital currency? Go to Source Powered by WPeMatico
Wallet, a custodial wallet bot on Telegram, says that merchants should sort out for themselves whether their jurisdictions allow them to accept payments in crypto. Go to Source Powered by WPeMatico
AI models such as ChatGPT could soon get the ability to buy, sell, and use Bitcoin on the Lightning Network. Go to Source Powered by WPeMatico
Crypto-friendly bank DBS has conducted the first e-CNY transaction for corporate clients, involving a catering company in Shenzhen. Go to Source Powered by WPeMatico
Volatility among some fiat currencies has made stablecoins like USDC a more attractive option for payroll, according to HR executives. Go to Source Powered by WPeMatico
Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.” Go to Source Powered by WPeMatico
Binance Australia head Ben Rose claimed the exchange got less than a day’s warning from its payments partner before it was “cut off” from the local banking system in May. Go to Source Powered by WPeMatico
According to Fabio Panetta, the volatility of crypto and aspects of blockchain technology made digital assets only suitable for gambling. Go to Source Powered by WPeMatico
