Clearly Payments

OCTOBER 31, 2024

America Biometric Payments 2 Global, especially mobile-first markets Cash Payments 5 Emerging Markets, some developed regions Central Bank Digital Currencies (CBDCs) 1 Asia, Caribbean Credit Cards Overview : Credit cards allow consumers to make purchases on credit, paying later and often with interest.

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

PYMNTS

MAY 29, 2019

A European Central Bank ( ECB ) official is throwing his support towards wholesale central bank digital currencies (CBDCs). This is something fundamentally different from the current system in which the central bank debits and credits the accounts without transferring actual values.”.

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Central Bank Digital Currency CBDC Liquidity Risk 76

PYMNTS

JANUARY 11, 2021

The price of bitcoin kept going up and up and up for months — to a high of more than $40,000. CNBC reported that bitcoin (BTC), the largest cryptocurrency by market capitalization, fell over 12 percent from a day earlier, to as low as $30,863. Bitcoin has still gone up in price by 300 percent in the last 12 months.

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Cryptocurrency Bitcoin Caps Central Bank 91

PYMNTS

DECEMBER 27, 2020

The price of bitcoin has passed $28,000 on Sunday (Dec. In a continuing showing of the strength of the cryptocurrency, bitcoin is now valued at $500,000, according to the report. bitcoin has become available at over 16,000 ATMs in December of this year, a press release from East London-based cryptocurrency company BitcoinPoint says.

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CBDC Bitcoin Digital Currency Cryptocurrency 101

PYMNTS

NOVEMBER 30, 2020

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Bitcoin is like a [crypto] 101 version. Wanted: Big Backers And Government Support.

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Bitcoin Cryptocurrency PayPal Privacy 117

PYMNTS

MARCH 16, 2020

Authorities in the country had taken bitcoin mining off of a listing of undesirable industries, but bitcoin and digital currency trading was prohibited there. The company had notified police when it saw surprising activity levels throughout many of its computers.

Bitcoin 97

Bitcoin Digital Currency Central Bank Money Laundering 97

PYMNTS

NOVEMBER 23, 2020

Consumers are moving to digital payments and cryptocurrency in droves, and it’s inevitable that more central banks will issue digital forms of currency, PayPal CEO Dan Schulman said in a televised interview on Monday (Nov. And I think you’ll have more and more utility happen with cryptocurrencies,” he predicted. 23) Benzinga report.

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Digital Currency PayPal Consumer Cryptocurrency 143

PYMNTS

NOVEMBER 12, 2020

In other news, the price of bitcoin exceeded the $16,000 price level on Thursday for the first time in nearly three years, CNBC reported. Bitcoin last exceeded the $16,000 price point on Jan. The price of the cryptocurrency was $16,301.03 as of 7:17 p.m.

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Stablecoins Bitcoin Digital Currency CBDC 110

PYMNTS

JULY 10, 2019

The European Central Bank (ECB) opened up about cryptocurrency and said it wouldn’t recognize it as an actual currency, according to reports. The bank also said it didn’t have any plans to put bitcoin into its reserves. The statement underpins the bank’s ongoing icy stance on cryptocurrency in general.

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Central Bank Bitcoin Cryptocurrency Push-to-Card 61

PYMNTS

JULY 29, 2020

The Philippines central bank is now considering creating its own central bank digital currency (CDBC), it said during a virtual meeting, having formed a committee to address the issue, Bloomberg reported. That program, called TradeStation Crypto, supported Bitcoin, Bitcoin Cash, Ethereum, Ripple and Litecoin.

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Data Breach Central Bank Breach Cryptocurrency 66

PYMNTS

APRIL 21, 2019

Afghanistan is looking to boost its ailing economy with bitcoin. Sediq explained that bitcoin could be used with a form of metals future, such as lithium, adding that the value of Afghanistan’s mineral reserves is estimated at more than $3 trillion. In the meantime, Afghanistan isn’t the only country looking into bitcoin.

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Bitcoin Economy Blockchain Central Bank 81

PYMNTS

JULY 29, 2020

The Philippines central bank is now considering creating its own central bank digital currency (CDBC), it said during a virtual meeting, having formed a committee to address the issue, Bloomberg reported. That program, called TradeStation Crypto, supported Bitcoin, Bitcoin Cash, Ethereum, Ripple and Litecoin.

Data Breach 58

Data Breach Central Bank Breach Cryptocurrency 58

PYMNTS

APRIL 21, 2020

The Central Bank of Argentina (BCRA) is trying out blockchain in a new clearing system, and the technology could eventually be used by other large banks, according to CoinDesk. The technology is based on the RSK Smart Contract Network, and IOV made it in connection with the central bank and others, like Santander and BBVA.

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Central Bank Returns Blockchain Cryptocurrency 72

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. Korea’s central bank is seeking partners for its central bank digital currency pilot for a digital won. Fed, the Swiss National Bank and others.

Digital Currency 70

Digital Currency Central Bank CBDC Federal Reserve 70

PYMNTS

JANUARY 5, 2021

Bitcoin reached $34,800 on Sunday (Jan. Bitcoin had seen a string of days in which it continually broke records, passing $20,000 on Dec. 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.

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Volume Bitcoin Cryptocurrency Digital Currency 131

PYMNTS

NOVEMBER 4, 2020

Bit by bit — but more than bitcoin by bitcoin — cryptos are inching into the mainstream, for both consumer and commercial applications. Elsewhere, Square announce last month that it has invested $50 million — approximately 1 percent of its total second-quarter assets — to purchase roughly 4,709 bitcoins. “We

Bitcoin 83

Bitcoin Cryptocurrency Office of the Comptroller of the Currency Consumer 83

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.

Bitcoin 69

Bitcoin Central Bank Cross-Border Payments Digital Currency 69

PYMNTS

JUNE 24, 2020

In other news, the oldest central bank globally, Riksbank of Sweden, has examined the feasibility of central bank digital currencies (CBDC) and found the pros and cons between different models, CoinDesk reported.

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Central Bank Digital Currency Scams CBDC 67

PYMNTS

JULY 16, 2020

In other news, Thailand’s central bank has arrived at the third step of its central bank digital currency (CBDC) formation and seeks to have greater use of the cryptocurrency by big companies, The Nation Thailand reported, citing a Bank of Thailand (BOT) official. million in bitcoin and $30,000 in U.S.

Central Bank 59

Central Bank CBDC Credit Risk Bitcoin 59

PYMNTS

MAY 29, 2020

Bitcoin : not worth much – except what someone else is willing to pay for it. Goldman Sachs’ withering assessment of bitcoin this week may be enough to take some wind out of the sails of those who have been looking for the marquee name in crypto to find its way into mainstream commerce.

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Bitcoin Wire Transfer ACH Network Money Laundering 74

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.

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Central Bank Bitcoin Digital Currency CBDC 52

PYMNTS

MARCH 30, 2020

The Banque de France is seeking applications “to experiment with a central bank digital currency for interbank settlements,” according to an announcement from the French central bank. ” The submission deadline for digital applications is May 15.

CBDC 98

CBDC Interbank Settlement Digital Currency Central Bank 98

CB Insights

MARCH 19, 2020

Not only did Bitcoin have a very good year (up over 90%), but investors continued to fund companies building crypto infrastructure. So far in 2020, amid the coronavirus-driven market sell-off, it’s clear that Bitcoin still behaves as a risk-on asset, not a store of value (yet). Central banks are serious about fiat digital currencies.

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Blockchain Central Bank Digital Currency Bitcoin 100

PYMNTS

JANUARY 14, 2021

Bitcoin is about to get even more scrutiny by regulators, on a global stage. At least it seems so, if recent comments by European Central Bank President Christine Lagarde are any indication. As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide.

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Money Laundering Bitcoin Regulations Central Bank 61

PYMNTS

MAY 27, 2020

But the question arises: Once they’ve been created and backed by central banks, what do you do with them once you have them? 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).

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Central Bank Digital Currency CBDC Settlement 57

PYMNTS

SEPTEMBER 2, 2019

PBoC became one of the first central regulatory institutions to ban initial coin offerings, while also imposing a strict ban on bitcoin and trying to weed out bitcoin mining companies in the country. It has also been unfriendly toward other forms of digital finance, including the peer-to-peer lending industry.

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Central Bank FinTech Digital Currency Bitcoin 77

Payments Source

DECEMBER 14, 2018

The People’s Bank of China, the country’s central bank, plans to introduce a digital currency of its own. But unlike the decentralized blockchain-based offerings, this one could give Beijing more control over its financial system.

Bitcoin 83

Bitcoin Digital Currency Central Bank Blockchain 83

The Paypers

AUGUST 20, 2021

The Monetary Authority of Singapore (MAS) has announced it is planning to change how money moves across borders using Central Bank Digital Currencies (CBDC) inspired by Bitcoin.

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Authorization Bitcoin CBDC Digital Currency 65

PYMNTS

OCTOBER 21, 2020

PayPal has announced that it is jumping into the wild world of cryptocurrency , making it possible for wallet holders to buy, sell and hold cryptocurrencies like bitcoin, ethereum, bitcoin cash and litecoin in their PayPal accounts. Visa was once hesitant when it came to crypto — and held off before offering its full blessing.

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PayPal Cryptocurrency Bitcoin Central Bank 131

PYMNTS

AUGUST 5, 2020

Bitfinex announced a reward for anyone who can put the cryptocurrency exchange in touch with the hackers who made a transfer of nearly 120,000 bitcoins in 2016, according to a statement. Bitcoin prices have rocketed by nearly 60 percent in 2020. The price of bitcoin was $11,204.20 as of 7:48 p.m. Eastern Time on Tuesday (Aug.

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Federal Reserve Bitcoin Cryptocurrency Digital Currency 64

Clearly Payments

AUGUST 24, 2024

World Bank data indicates that global remittances reached $794 billion in 2023. Over 15,000 businesses worldwide accept Bitcoin payments as of 2024. Digital cash, whether in the form of cryptocurrencies or central bank digital currencies (CBDCs) , promises to redefine the future of money.

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Debit Card P2P Cross-Border Central Bank 105

PYMNTS

OCTOBER 15, 2020

The Central Bank of Nigeria had decreed that cryptocurrencies were not legal tender in the country back in 2017, as the Securities and Exchange Commission of the nation cautioned against the risk of crypto investments.

Digital Currency 119

Digital Currency Bitcoin Blockchain Legal 119

Finextra

FEBRUARY 22, 2024

Senior payments experts at the European Central Bank have billed the SEC's approval of spot exchange-traded funds (ETF) for bitcoin as an example of the 'naked emperors new clothes', legitimising a currency whose fair value as an asset is effectively zero.

Central Bank 97

Central Bank Regulations Bitcoin Payments 97

PYMNTS

NOVEMBER 10, 2020

Scan the headlines over the past few weeks and cryptos, well beyond the marquee bitcoin, are making inroads into mainstream consumer and business activities. Square bought $50 million of bitcoin. PayPal is opening its network to allow consumers to shop using cryptocurrency. The mechanics and clumsiness of it all have not helped.

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Cryptocurrency Blockchain Bitcoin Online and Mobile Banking 129

The Paypers

JANUARY 30, 2025

The Czech National Bank (CNB) has announced its plans to allocate 5% of its foreign reserves to Bitcoin, positioning itself among the first major Western central banks to include crypto in its assets.

Central Bank 36

Central Bank Bitcoin 36

PYMNTS

JANUARY 20, 2020

Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. At a high level, Australia’s central bank is joining the likes of China and Sweden in exploring central bank digital coins. What It Won’t Do. And Risks.

Digital Currency 87

Digital Currency CBDC Retail Payments Central Bank 87

PYMNTS

JUNE 15, 2020

Korea’s central bank has rolled out a legal advisory group to look at potential challenges to bring a central bank digital currency (CBDC) to fruition, The Korea Times reported. The panel’s start is a portion of the first stage for the Bank of Korea’s (BOK) plan to create a CBDC.

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Digital Currency Legal Cryptocurrency CBDC 64