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Venezuelans Can Now Use Bitcoin to Pay for Goods at 20,000 PoS Terminals


Venezuelans will now be able to use bitcoin to pay for goods and services at more than 20,000 point-of-sale (PoS) terminals throughout the struggling South American country. This follows a deal between Panamanian crypto exchange Cryptobuyer and local payments processor Mega Soft to connect some...

South Korean Central Bank Steps up CBDC Work ‘in Response to COVID-19’


The South Korean central bank has sped up its digital currency issuance progress, per a new report, with officials to begin a tech review several months ahead of schedule. According to Chosun, the central Bank of Korea (BOK) says it has conducted a study of the technological advances required...

Visa Files Patent for Cryptocurrency System to Replace Cash


Visa International has filed for a cryptocurrency system patent that is meant to replace physical currency. The system, which utilizes both central banks and commercial banks, leverages a private blockchain to improve the payment ecosystem. Visa’s Cryptocurrency Patent Filing The United...

Chinese Central Bank Calls for Yet More Blockchain Adoption


The Chinese central bank’s technology leads have called for more blockchain adoption in the bank’s own operations and the wider, government-owned financial sector. Per Sina, the People's Bank of China (PBoC)’s Financial Technology Committee held its first meeting of the year this week, with...

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