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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
ECB Wants Active Role in Crypto, Will Not Deter Private Solutions
9.1.2020
The European Central Bank (ECB) wants to play an active role in the field of digital currency, said President Christine Lagarde. As the bank works on its own digital currency and an instant payment system, Lagarde emphasizes that “central bank initiatives should neither discourage nor crowd...
Private Payment System for Central Bank Digital Currency Possible, Says ECB
17.12.2019
New research from the European central bank claims that a central bank digital currency system that protects user privacy is possible
The Future of Money and the Payment System
5.12.2019
Source: a video screenshot, YouTube, Bloomberg Markets and Finance
This is a lecture by Agustín Carstens, General Manager of the Bank for International Settlements, held at Princeton University, Princeton, New Jersey, USA, on December 5, 2019.
Main highlights:
(Read the whole text...
BRICS Nations Consider Idea of a Unified Payment System
15.11.2019
BRICS association, which includes five significant national economies namely Brazil, Russia, India, China, and South Africa, has recently held its 11th summit on November 13–14 in Brazil. The annual summits of BRICS nations largely emphasize on subjects like science, climate change, technology...
BRICS Nations Discuss Creation of New Crypto For Unified Payment System
15.11.2019
BRICS member nations discussed the creation of new crypto at recent summit
Walmart Canada Rolls Out Blockchain-Based Freight and Payment System
14.11.2019
Walmart Canada has launched an automated blockchain-based network for freight tracking and payments management
Patrick Ngan Teases Asia’s First Unified Crypto-Fiat Payment System
14.11.2019
The bridge between fiat and crypto is getting stronger
As Regulators Stonewall Libra, Facebook Rolls Out New Payment System
13.11.2019
Seemingly sidelining Libra for the time being, Facebook launches new fiat payment system
FTC Commissioner Cites Libra In Support of Fed’s Real-Time Payment System
8.11.2019
FTC Commissioner Rohit Chopra cited Libra concerns in his letter supporting the Fed's potential FedNow real-time payments service
Greyp Collaborates With Two Blockchain Entities to Launch an Automatic Payment System
24.10.2019
Greyp, the sister concern of leading car manufacturing firm Rimac Automobili, has entered into a strategic partnership deal with two blockchain-based platforms- slock.it and the Energy Web Foundation or the EWF. The collaboration aims to curate an automatic payment system for Greyp’s IoT vehicles....