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Analysts: Lack of Trust in Nigerian Government an Impediment to CBDC’s Success Prospects
12.11.2021
While Nigerians have seemingly embraced the Central Bank of Nigeria (CBN)’s digital currency, skeptical analysts believe a lack of trust in the government will ultimately limit the e-naira’s prospects for success. Threat From Fintech Startups In addition, some analysts insist...
Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials
9.6.2021
Financial authorities in Hong Kong have announced a second phase of trials for mainland China’s digital currency. As part of the upcoming tests, the city will link the Chinese digital yuan to its domestic payments system to evaluate the CBDC’s usability in cross-border scenarios. Hong...
G7 Finance Chiefs to Publish Common Rules for State-Issued Digital Currencies This Year
6.6.2021
The G7 finance ministers and central bank governors have met and agreed to work towards common principles for state-backed digital currencies and publish their conclusions this year. They said these digital currencies “could act as both a liquid, safe settlement asset and as an anchor for...
OKex embraces Brazil’s official fast payments system PIX, as CBDC draws nearer
28.5.2021
OKEx, Crypto.com, and LocalBitcoins have integrated Brazil’s PIX instant payments system
Digital Currencies Could Outshine SWIFT System, Says Central Bank of Russia’s Deputy Governor
29.12.2020
The first deputy governor of the Central Bank of Russia (CBR) has been vocal in a recent online meeting, reported by Russia Today (RT), about the topic of digital currencies challenging the SWIFT international payments system and make it redundant. Digital Currencies Could Challenge SWIFT System...
Cambodia Central Bank Launches Bakong Blockchain Payments System
28.10.2020
Cambodia sees Bakong as a critical step in modernizing its payment system and de-dollarizing its economy
US Bank Regulator: Dollars on Blockchain ‘Better Than Central Bank Monopoly on the Payments System’
29.7.2020
Acting Comptroller of the Currency Brian Brooks points to existing stablecoin projects as an example for U.S. payments infrastructure
Singapore’s National Payments System Can Guide Global Crypto Adoption
16.7.2020
Blockchain payments project Ubin can lay the financial blueprint for countries looking to explore crypto tech in a fully regulated manner
Stellar Elevates Global Payments System; XLM Yet to Follow
1.7.2020
The payment industry has always been triggered by the word “instant” global payments, and the need for quick money transfers is a global want in situations like the Pandemic that is ongoing. However, the traditional payment industry includes the middlemen commission, which increases the fee for...
Japan’s Biggest Banks Are Talking About Building a Digital Payments System
4.6.2020
The banks will be joined by representatives from big business and the government to lay out how to create shared digital payments system
Brazil’s PIX Payments System Has the Same Spirit, but Not a Blockchain Structure
28.2.2020
When PIX is implemented, a number of Brazilan banks could take a hit. Point-of-sale machines and payment processing firms could become scarce
Devs Reveal BCH Cashchannels and Simple Escrow Contracts
20.11.2019
Bitcoin Cash (BCH) supporters have been introduced to two new concepts that allow people to leverage the BCH network in a variety of innovative ways. On November 15, former Bitpay developer Jason Dreyzehner revealed his recurring payments system for BCH called Cashchannels. A few days later,...
MAS, JPMorgan Build Payments System With Inter-Blockchain Connectivity
11.11.2019
Working with JPMorgan and Temasek, Singapore's central bank has developed a prototype blockchain-based cross border payments system
ECB Exec Says Libra Could Address Failings of Global Payments System
25.9.2019
Libra has been a wakeup call for banks to consider major issues in global payment systems, an ECB board member says
Mastercard Teams Up With R3 To Create Blockchain-backed Cross Border Payments System
12.9.2019
Nowadays, the mere mention of blockchain technology makes people associate the whole thing with Bitcoin and other cryptocurrencies. However, in this regard, it needs to be pointed out that blockchain technology in itself is independent of cryptocurrencies and can be used in a wide variety...
Blockchain Will Integrate BitPay’s Payments System For Wallet Payments
24.8.2019
The largest wallet provider, Blockchain, partnered with the largest bitcoin payment processor, BitPay
PR: Decentralized Recurring Crypto Payments System Launched by Monarch Blockchain
13.8.2019
Monarch, the decentralized wallet and suite of crypto services, has launched the first decentralized recurring payments system Until now, there’s been no way to automatically pay merchants in crypto on a recurring basis due to the limits of blockchain-based transactions. To solve this, Monarch...
Even Fed Is Not Happy with the Current Payments System
5.8.2019
Fed Chairman Jerome Powell. Source: a video screenshot, Youtube, NBC News
As Bitcoin and other cryptocurrency projects are already forcing banking incumbents to work more efficiently, the Federal Reserve, the central bank in the U.S., is reportedly “seriously considering” to develop a new...
EU Banks to Deploy Instant Payments System in Response to Competition From Libra
27.6.2019
A comprehensive instantaneous payments system may be in place in the European Union by 2020