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Nigeria’s CBDC ‘a Safer Option’ Than Privately Issued Cryptocurrencies: Central Bank Official
14.9.2021
As part of the Central Bank of Nigeria (CBN)’s digital currency charm offensive, Folashodun Shonubi, the institution’s deputy governor, has claimed that the country’s upcoming central bank digital currency (CBDC) will be a “safer option from privately issued...
Watch Out PayPal, Here Comes Crypto as a Payment System
16.8.2021
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
When PayPal announced last month that its “super app” is ready to launch, this marked the payments company’s next big step towards the launch of a...
Members of East Africa Community Explore Potential Use of CBDC for Alternative Regional Payment System
9.6.2021
Six East African states are reportedly set to explore the possibility of using central bank digital currencies (CBDC) as an alternative to their shared payment system. The six countries, which are all members of the East Africa Community (EAC) trading bloc, are hoping this alternative will create...
Monday and Algorand Join Forces for a Payment System to Reduce Healthcare Costs in Bermuda
4.6.2021
In an important announcement, a partnership agreement has been signed between MAPay and Algorand blockchain. Monday is a well-known organization in healthcare technology with a specific focus on payment networks based on blockchain technology. In the latest development, the organization now aims...
Fintechs Invited to Work on Georgia’s Central Bank Digital Currency
7.5.2021
National Bank of Georgia (NBG) has issued a call for companies in the fintech sector, financial institutions and technology firms to support its efforts to create a digital currency. Georgia’s central bank wants to employ new technologies to raise the efficiency of the country’s payment...
Developers Launch the First Hosted Noncustodial Payment Processor for Bitcoin Cash Payments
29.3.2021
Bitcoin Cash proponents have recently been introduced to a new noncustodial payment processor called Prompt.cash. The platform provides merchants with a simple way to accept peer-to-peer electronic cash payments and can also generate a new address per invoice. Prompt.cash: A Hosted Noncustodial...
Visa Develops Offline Payment System that Could Aid CBDC Rollouts
18.12.2020
The introduction of central bank digital currencies (CBDCs) could bring a wide range of benefits to consumers and economies worldwide, including increased financial inclusion for people currently underserved by conventional financial institutions – particularly in the aftermath of the ongoing...
SEC Chairman Jay Clayton Explains US Crypto Regulation, Calls Bitcoin a Store of Value
23.11.2020
The chairman of the U.S. Securities and Exchange Commission (SEC) has explained how the U.S. government is regulating cryptocurrency. He calls bitcoin a store of value, noting that its rise is driven by the inefficiencies of the current payment system. How Bitcoin Is Regulated in the US...
Crypto Adoption Soars in Slovenia: Over 1,000 Locations Accept Cryptocurrencies
8.8.2020
Cryptocurrency adoption is growing rapidly in Slovenia. More than 1,000 locations in the country now accept cryptocurrency payments, including cafes, restaurants, dentists, hair salons, and hotels. Cryptocurrency Adoption Soars in Slovenia The number of locations accepting cryptocurrencies through...
Developer Reveals Layer-Two Private Messaging and Payment System on Bitcoin Cash
7.7.2020
On July 4, 2020, the Bitcoin Cash proponent Cain published an interview with the blockchain developer, Shammah Chancellor, about a new project called Stamp Chat. At its basic level, “Stamp is a prototype of a layer-2 private messaging and payment system on Bitcoin Cash. It implements stealth...
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 Top Credit Card Issuer Building Blockchain Payment System
18.5.2020
JCB’s partner in the venture, TECHFUND, offers services to accelerate the adoption of blockchain technologies for startups
Facebook Libra Redesigned: New System and Cryptocurrency to Comply With Regulations
17.4.2020
Facebook’s Libra cryptocurrency project has undergone major changes. A number of key areas have been redesigned, including the payment system, the Libra cryptocurrency, and the addition of new single-currency stablecoins. The changes largely aim to comply with regulatory requirements. Also...
In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix
21.2.2020
Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for major financial institutions to ensure wide coverage. The project aims...
PoB Transactions on Cross-Carrier Payment System Successful
19.2.2020
The cross-carrier blockchain payment network allows transactions to be paid directly in the user’s currency through their mobile carrier
Bitcoin.com, Danal Japan and ALLEX Partner up to Offer BCH Payment Services
7.2.2020
We are pleased to announce that a business alliance has been concluded among the three companies in order to implement the payment services by BCH.
Enhancement of Bitcoin Cash (BCH) payment service, which is used for payments at EC sites and restaurants, is cheaper than existing payment methods....
Cambodia Announces Own Cryptocurrency as More Details Surface About China’s Digital Yuan
3.2.2020
With China still in the lead, other countries are advancing their projects to develop payment systems around central bank digital currencies (CBDCs). Cambodia, for example, has recently revealed it will mint its own coin within months. The news comes as more details about the digital Chinese yuan...
Chinese Blockchain-Based Mobile Payment Revolution: How Is the Biggest CO2 Polluter Becoming Leading World Solar Panels Producer
20.1.2020
China leads the blockchain-based mobile digital payment revolution, expert take
Watch Civic’s CEO Talk About His New Cross-Border Payment System
17.1.2020
The Civic Wallet is a noncustodial money transfer system that uses your face instead of complex keys
US Treasury to Complete PoC of Blockchain-Based Grants Payment System
13.1.2020
The U.S. Treasury Department is finishing tests of a blockchain-based grant tracking system