PYMNTS

MARCH 16, 2020

Intercontinental Exchange, the parent firm of Bakkt, had first made it known in the summer of 2018 that Starbucks was eyeing the retail use of digital currency payments. The senior engineer reportedly downloaded as well as installed scripts to make the Monero digital currency.

Bitcoin 97

Bitcoin Digital Currency Central Bank Money Laundering 97

PYMNTS

MAY 22, 2020

The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. . The digital currency would be backed by the yuan, the Korean won, the Japanese yen and the Hong Kong dollar. .

Digital Currency 64

Digital Currency Cross-Border Settlement Bitcoin Central Bank 64

Finovate

NOVEMBER 18, 2024

While this revenue figure has grown 7% each year since 2018, McKinsey estimates the growth will slow to 5% per year for the next five years. In India, while cash payments still account for 60% of consumer expenditure, digital payments have doubled in the past three years. trillion transactions worth $1.8 quadrillion that generated $2.4

Payments Trends 69

Payments Trends Global Payments CBDC Embedded Payments 69

PYMNTS

MAY 22, 2020

The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. . The digital currency would be backed by the yuan, the Korean won, the Japanese yen and the Hong Kong dollar. .

Digital Currency 56

Digital Currency Cross-Border Settlement Bitcoin Central Bank 56

PYMNTS

MAY 13, 2020

The Bank of Mauritius is progressing toward providing a central bank digital currency (CBDC) per its governor, CoinDesk reported. two bitcoin exchanges — as banking clients in its corporate and investment bank last month, Bloomberg reported, citing an unnamed source. brought on Gemini Trust Co.

Digital Currency 61

Digital Currency Bitcoin CBDC Blockchain 61

PYMNTS

NOVEMBER 12, 2020

Crypto payment services provider BitPay has unveiled a new mass payout offering, BitPay Send, which lets entities of different sizes make payments to workers, clients, affiliates, suppliers, contractors and others with digital currency, according to a Thursday (Nov. 12) announcement. The price of the cryptocurrency was $16,301.03

Stablecoins 110

Stablecoins Bitcoin Digital Currency CBDC 110

PYMNTS

JANUARY 5, 2021

Ethereum, the second-biggest cryptocurrency, which usually rises at the same time as bitcoin, also hit its highest level on Monday since 2018, with a $1,170 value, Reuters reported. A report this month from PYMNTS noted that some of the biggest backers of the recent surge in crypto buyers are institutional investors.

Volume 131

Volume Bitcoin Cryptocurrency Digital Currency 131

PYMNTS

OCTOBER 29, 2020

The Bank of Canada is progressing in its plans for a national digital currency, moving past proof of concepts to “executable” plans, according to Reuters. The amount invested was not disclosed, but the alliance is fitting, as MoneyTap was launched in 2018 by SBI Ripple Asia, a joint venture between SBI Holdings and Ripple.

Digital Currency 63

Digital Currency Bitcoin Blockchain P2P 63

PYMNTS

MARCH 29, 2019

Federal Bank confirmed the collaboration in an announcement to the Bombay Stock Exchange on Thursday (March 28). This is to inform Federal Bank has entered into a partnership with Ripple Inc, a blockchain supported global remittance company, for cross border remittance through its network, ” the announcement said.

Blockchain 96

Blockchain Cross-Border International Payments Cross-Border Payments 96

PYMNTS

DECEMBER 12, 2019

Yao was the head of China’s central bank digital currency initiative. . Yao’s hiring was anticipated because of his contribution to the development of the central bank digital currency (CBDC) and his deep understanding of FinTech and blockchain, according to Caijing.

Digital Currency 52

Digital Currency Bitcoin Regulations Central Bank 52

PYMNTS

JUNE 30, 2020

Microsoft reported that digital currency mining encounters dropped 40 percent from 2018 to 2019, according to a report. The tech company noted in the report that only 50 endpoints for each 100,000 came across a digital currency miner.

Authorization 80

Authorization Digital Currency Central Bank Bitcoin 80

PYMNTS

AUGUST 4, 2019

China’s central bank, the People’s Bank of China (PBoC), announced that it has accelerated the development of its own cryptocurrency, reported Cointelegraph on Sunday (Aug. It suggested that it should accelerate the research and development of its digital currency. PBoC hosted a video conference on Aug.

Cryptocurrency 69

Cryptocurrency Digital Currency Central Bank Government 69

PYMNTS

JULY 2, 2020

The issue with blockchain, at least in part, is that it exists as a form of digital paper trail — in essence, time stamped within an ecosystem populated by stakeholders who transact without needing to “trust” one another. In only one of the latest examinations of digital currencies, as noted in this space this week, witnesses told a U.S.

Blockchain 90

Blockchain Stablecoins Wire Transfer Financial Inclusion 90

The Fintech Times

DECEMBER 5, 2023

“Starting in 2018, we only had 10 fintech companies. With initiatives like central bank digital currencies, and others, I believe that by 2030, a lot of things will happen in the payment space and it will look a lot different to what we have today.” Checking our last report in 2022, we have 147.

FinTech 110

FinTech Central Bank Economy Digital Currency 110

PYMNTS

NOVEMBER 10, 2020

Treasury Department is researching use cases for a central bank digital currency (CBDC), as well as drafting regulatory proposals for private stablecoins, U.K. The exchange has increased regulatory rules over the past two years, requiring customers to reveal their identities in 2018.

CBDC 67

CBDC Use Case Privacy Cryptocurrency 67

The Fintech Times

SEPTEMBER 30, 2024

As far back as 2016, the Bank of Japan (BOJ), established a fintech centre that aimed to promote the sector’s sustainable growth and understanding of digital currency. Later, the country would see other initiatives like its regulatory sandbox being launched in 2018.

FinTech 59

FinTech Digital Currency Central Bank Economy 59

Fintech News

AUGUST 8, 2024

B2B payments service provider Bottomline ‘s on-demand webinar, “Championing Swift Connectivity for Private Banks and Asset Managers in APAC,” explores these critical developments in depth. March 2023 marked the start of the migration with a coexistence period with MT messages.

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ISO 20022 APACS SWIFT ISOs 127

PYMNTS

FEBRUARY 2, 2020

Japanese social media network Line can begin trading its own digital currency among its 700 million users beginning in April 2020. Available since 2018, Line’s currency is called Link and has not been available in the Japanese or United States markets due to government regulation in its country of origin.

Cryptocurrency 52

Cryptocurrency Digital Currency Central Bank Origination 52

PYMNTS

AUGUST 11, 2020

And you might recall that digital tokens were emblematic of volatile price swings. A boom and crash just a few years ago showed that, as estimated by Bitcoinist.com , as many as 160 projects were on tap at as of January 2018, and by October of last year, that tally was zero. The Use Cases .

Blockchain 125

Blockchain Issuers Federal Reserve Bitcoin 125

PYMNTS

OCTOBER 18, 2019

The Bank of Canada is thinking about launching its own digital currency. A document titled “Central Bank Money: The Next Generation,” part of a two-year research project, was reportedly presented to the current Bank of Canada Governor Stephen Poloz in 2018.

CBDC 40

CBDC Digital Currency Central Bank Money Laundering 40

The Fintech Times

SEPTEMBER 22, 2024

In 2018, the National Bank of Cambodia (NBC) established the Fintech Steering Committee to promote and regulate digital financial services, reflecting the government’s commitment to harnessing fintech’s potential. Cambodia has also ventured into central bank digital currencies (CBDCs).

Financial Inclusion 69

Financial Inclusion FinTech Central Bank Online and Mobile Banking 69

PYMNTS

MARCH 26, 2020

Tim Rice, who has had executive positions at firms such as Tradeweb, came on board as co-founding CEO in 2018 to power Coin Metrics’ commercialization. The Digital Dollar Project seeks to “promote [the] establishment of a U.S. Central Bank Digital Currency,” the announcement stated.

Bitcoin 67

Bitcoin Blockchain Digital Currency Central Bank 67

PYMNTS

MAY 28, 2020

to let users exchange and keep digital assets on smartphones in an easier fashion, Bloomberg reported. Gemini is said to be the first digital currency exchange to allow Canadian and U.S. Samsung rolled out its blockchain wallet last year, while Gemini has had a separate mobile app since 2018. Gemini Trust Co.

Digital Currency 52

Digital Currency Blockchain Bitcoin Central Bank 52

PYMNTS

FEBRUARY 24, 2017

Possibly even a couple of other continents by 2018. The big news as of late has come out of the Philippines after the central bank, Bangko Sentral ng Pilipinas (BSP), announced it would actively regulate the bitcoin industry as a means to combat money laundering and terrorist financing schemes. and Minneapolis. “By

Bitcoin 77

Bitcoin Money Laundering ATM Cryptocurrency 77

PYMNTS

AUGUST 24, 2016

The blockchain — the underlying technology that powers the digital currency bitcoin — may be nearing its mainstream moment in the sun as four of the world’s largest banks are using it to develop a new form of digital currency. That frees up capital trapped during the process.”.

Bitcoin 42

Bitcoin Blockchain Digital Currency Central Bank 42

PYMNTS

AUGUST 28, 2017

As has been reported before, new general laws will take effect in May of 2018 that span Europe and will govern how information is gathered, stored and distributed. The move comes in the wake of news of alleged financial misdoings at Commonwealth Bank of Australia (CBA). to have continuity in working with European watchdogs.

Cybersecurity 57

Cybersecurity Money Laundering Digital Currency Online and Mobile Banking 57

The Fintech Times

SEPTEMBER 10, 2024

Since 2018, China has also led the world in fintech investment, reaching $25.5billion that year – a 900 per cent year-on-year increase, representing over half of global fintech investments. Crypto change China banned cryptocurrencies like Bitcoin in 2021 , shifting its focus to developing its own central bank digital currency (CBDC).

FinTech 59

FinTech Online and Mobile Banking Economy Digital Currency 59

PYMNTS

JULY 9, 2019

“Design of the Facebook currency has not been fully explained,” Economic Affairs Secretary Subhash Garg said in an interview. The central bank of India and the government have both practically outlawed cryptocurrencies by disallowing banks to use them. The issue is about to come up for a hearing on July 23. .

Cryptocurrency 54

Cryptocurrency Laws Money Laundering Central Bank 54

PYMNTS

JANUARY 10, 2018

PwC’s financial services blockchain leader Grainne McNamara, for one, recently outlined her expectations for blockchain tech’s financial applications in 2018. Meanwhile, Mastercard launched a blockchain API designed to let banks and merchants link their customers to a payment solution and bring greater cross-border payment efficiency.

API 74

API B2B Cross-Border Cross-Border Payments 74

PYMNTS

JULY 10, 2019

Another factor in the continued investment and interest in digital currencies is the ongoing political uncertainty and instability that mainstream markets face on a regular basis. It’s seen the most movement since 2018, when its bubble finally burst. Bitcoin dropped almost 21 percent to around $10,000 in early July.

Bitcoin 49

Bitcoin Cryptocurrency Digital Currency Non-Bank 49

PYMNTS

JANUARY 5, 2020

billion from its 2018 initial coin offering (ICO), Coindesk reported. . There will also be significant government involvement and possibly central bank digital currencies. There were 150 active cryptocurrency-type firms in 2019 compared to 113 in 2018. The SEC asked a New York federal judge on Thursday (Jan.2)

Blockchain 52

Blockchain Bitcoin Cryptocurrency Encryption 52

PYMNTS

MARCH 30, 2018

With fresh concerns about government regulation of cryptocurrency surfacing, Bitcoin and other digital tokens continued the recent declines in value, erasing $550 billion in value for the global cryptocurrency market since the start of 2018.

Cryptocurrency 46

Cryptocurrency Bitcoin Regulations Continuity 46

PYMNTS

MAY 3, 2019

The Bank of Canada and the Monetary Authority of Singapore ( MAS ) announced that they have conducted their first successful experiment between the two banks on cross-border and cross-currency payments using central bank digital currencies.

Cross-Border 51

Cross-Border Bitcoin Blockchain Wire Transfer 51

Fintech News

JANUARY 3, 2024

Japan Fintech Week 2024’s core event, FIN/SUM , will bring together experts from academia, the technology community, businesses, financial authorities, and central banks, to cover a diverse range of topics, including Web 3.0, Additionally, the event will explore evolving consumer behaviors and their impact on digital banking solutions.

APACS 120

APACS FinTech Web 3.0 AI 120

Clearly Payments

MARCH 18, 2024

This dwindling acceptance rate underscores a broader trend towards the adoption of digital payment infrastructure, signaling a paradigm shift in the way commerce is conducted. billion in 2018. Overall, 84% of adults in North America had a credit card in 2023. The number of credit card holders globally has steadily grown to reach 1.25

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

CB Insights

FEBRUARY 16, 2021

Meanwhile, a recent survey of central banks found that two-thirds of respondents are actively researching the potential impact of stablecoins on financial stability. News coverage of stablecoins has continued to grow since taking off in 2018. A day-to-day currency. Source: Quartz. Here are just a few examples.

Stablecoins 101

Stablecoins Cryptocurrency Multi-Currency Bitcoin 101

CB Insights

JUNE 22, 2018

FUTURE OF FINTECH 2018. Basis is one cryptocurrency attempting to build in stability by pegging its coin to the US dollar and a basket of goods, calling its technology an “algorithmic central bank.” Get access to all the slides once the conference ends.

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FDIC Fed Cryptocurrency CBDC 32