Clearly Payments

AUGUST 24, 2024

Over 15,000 businesses worldwide accept Bitcoin payments as of 2024. According to the Bank for International Settlements (BIS), 114 central banks, representing over 95% of global GDP, were engaged in some form of CBDC research or development by the end of 2023. trillion, with Bitcoin alone accounting for over 50% of this value.

Debit Card

PYMNTS

NOVEMBER 2, 2020

In other news, the Reserve Bank of Australia (RBA) is exploring the potential of a central bank digital currency (CBDC), in partnership with the National Australia Bank , Commonwealth Bank , Perpetual Limited and ConsenSys Software , the bank announced in a press release. RBA expects to finish the project at the end of this year.

CBDC

PYMNTS

MARCH 22, 2019

Agustin Carstens, the general manager at the Bank for International Settlements , said that banks shouldn’t issue their own bitcoin-like tokens because it could undermine global financial stability, as well as monetary policy, according to a report by Bloomberg. A move like this could potentially undermine the whole system, he said.

Bitcoin

PYMNTS

JANUARY 14, 2021

Bitcoin is about to get even more scrutiny by regulators, on a global stage. As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide. The comments come against a backdrop where bitcoin’s price action has been volatile — to put it mildly.

Money Laundering

PYMNTS

OCTOBER 9, 2020

Beyond bitcoin – that marquee name of crypto and its brethren, which have yet to escape wild price swings and speculative fervor – lies the prospect of CBDCs. India, according to reports earlier this fall, is mulling a ban on cryptos in general, but may indeed look more deeply into a CBDC.

Digital Currency

PYMNTS

MAY 29, 2019

In fact, Vitas Vasiliauskas, a member of the Governing Council of the ECB and chairman of the board of the Bank of Lithuania, said the real issue at play is whether CBDCs should be retail, wholesale, or a combination of both. ” “Such developments limit the potential added-value of the retail CBDC,” noted Vasiliauskas.

Central Bank

Clearly Payments

JANUARY 4, 2024

Popular cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). Faster Settlements: Cryptocurrency transactions are typically faster than traditional banking transactions, providing merchants with quicker access to funds. What are Stablecoins?

Cryptocurrency

PYMNTS

NOVEMBER 25, 2020

To that end, a Bank for International Settlements ( BIS ) study concludes that “embedded regulation” might offer a solution for stablecoins, defined as cryptocurrencies with values tied to fiat currencies or other assets. The Value Of CBDC .

Stablecoins

PYMNTS

MAY 27, 2020

As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC). He pointed to the concept of synthetic central bank digital currencies ( CBDC ).

Central Bank

PYMNTS

NOVEMBER 23, 2020

Bitcoin rose above $18,000 last week for the first time since Dec. Bitcoin skyrocketed, profits were taken, profits went back into altcoins,” which are more volatile than bitcoin, Joseph Edwards , head of research at crypto brokerage Enigma Securities, told Reuters. 12, CoinDesk reported , citing The Paper.

Central Bank

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 OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces.

Digital Currency

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 OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces.

Digital Currency

PYMNTS

DECEMBER 5, 2019

To make sure that they stay at the center of the global payment system, the head of the Bank of International Settlements (BIS) says that central banks have to embrace the revolution in digital money, Bloomberg reported Thursday (Dec. He has called Bitcoin “a bubble, a Ponzi scheme and an environmental disaster” in the past. .

Central Bank

PYMNTS

OCTOBER 12, 2020

Unlike bitcoin, the digital yuan is not a cryptocurrency because it is being issued and controlled by China’s central bank, the People’s Bank of China (PBOC). They will receive a digital red packet that can be downloaded using the official Renminbi app that only the winners will be able to access. The money can be used Oct.

Digital Currency

Fintech News

OCTOBER 28, 2024

SmashFi (South Korea) SmashFi is a service designed to help individual investors easily accumulate and securely store Bitcoin. Often, new investors purchase Bitcoin through exchanges and leave it there, exposing their assets to risks such as exchange bankruptcy or hacking.

FinTech

PYMNTS

OCTOBER 16, 2020

Beyond bitcoin is the potential of central bank digital currencies (CBDC). The Federal Reserve, in one case, is working in conjunction with multiple other central banks and the Bank for International Settlements (BIS) to form a framework that would smooth the path to crypto issuance.

Instant Payments

Fintech News

JANUARY 9, 2024

Cryptocurrencies Market Resurgence The resurgence in cryptocurrency prices and the anticipated halving of Bitcoin in mid-2024 has reignited interest in the potential of distributed ledger technology to reshape the financial landscape. It remains to be seen how the industry will evolve and address these challenges in 2024.

APACS

Fintech Finance

MAY 23, 2024

Digital USD/EUR, Bitcoin, Ethereum, etc. This product offers significantly lower costs and instant settlement. With this launch, our portfolio of digital assets and CBDCs has expanded globally, further establishing Reltime as a comprehensive one-stop shop for Web3 solutions for our customers and partners.”

Digital Currency

CoinRemitter

JULY 9, 2024

The Role of CBDCs Central Banks worldwide are investing in CBDCs , a digital form of fiat currency (traditional currency). The development of CBDC regulations is likely to occur alongside ongoing pilots and trials. A key question is how CBDCs will interact with existing cryptocurrencies.

Stablecoins

Wharton Fintech

FEBRUARY 26, 2024

We have been working with governments on what is called central bank digital currency, or CBDC. We have a lot of programs where people can on the fly convert their Bitcoin or whatever coin they have into something that they can use and spend with a merchant the way they can have it.

Visa

The Payments Association

MARCH 18, 2025

During the Biden Administration, the US Federal Reserve (the Fed) explored plans for Project Cedar, an early-stage framework for a potential central bank digital currency (CBDC). Senator Lee has been among the most vocal opponents of a US CBDC, expressing concerns about potential government overreach.

Federal Reserve

Fintech News

MAY 29, 2025

No room for stablecoins in China and India Meanwhile, China has banned cryptocurrencies like bitcoin and ether, citing concerns over the potential risks posed by digital currencies to its financial system, capital controls, and monetary sovereignty. In tandem, India is advancing its own CBDC initiative. million (US$2.8

Stablecoins