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Brazil’s Central Bank to Launch Near-Instant Payments as a Response to Cryptocurrencies
20.2.2020
The PIX payments system is coming to Brazil next winter, promising almost instant transfers for individuals and businesses
Former Ripple Business VP Takes Role at Major Bank Standard Chartered
19.2.2020
Kahina Van Dyke, a former executive at Ripple and Facebook, has taken on a major role in managing the institutional clients of major bank Standard Chartered
‘Central Banking Is Socialism for the 1%’ – Report Cites Wealth Inequality Driven by Stimulus
18.2.2020
For a while now, central banks like the Federal Reserve have been participating in quantitative easing (QE) practices, despite the fact they don’t like to call it QE. Following the massive dollar injections, a recent report from the wealth insights provider Wealth-x details the number...
Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates
18.2.2020
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget...
India’s Banking Sector to Increasingly Adopt Blockchain Tech: GlobalData
17.2.2020
According to GlobalData, a leading data and analytics company, the Indian banking sector will witness considerable growth in the mainstream use of blockchain tech in 2020 as well as moving beyond that. This growth may be attributed to the fact that in the past few years, several of the leading...
84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan
16.2.2020
The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central...
Bangladesh Bank with $4 Billion in Assets Now Employs RippleNet
13.2.2020
Bangladesh-based Bank Asia becomes a member of Ripple’s RippleNet blockchain-enabled remittances network
Santander Hires Former Apple Pay Exec to Lead P2P Payments
13.2.2020
The new hire formerly helped lead the launches of both Apple Card and Apple Pay
German Bank to Offer Tokenized Securities Based on Stellar
11.2.2020
One of the oldest banks in Europe. von der Heydt is developing a euro stablecoin to facilitate private placements in securities tokenized on the Stellar blockchain
Digital Banking Startup Targets UK License to Serve Crypto Firms
10.2.2020
DAG Global says it's had no "red flags" raised in discussions with British financial regulators
Japanese Official Calls for Urgent Development of Digital Yen to Counter China
10.2.2020
A senior Japanese lawmaker said that the country should release its digital yen in two to three years
Wendy McElroy: Crypto is Banking for Anarchists and Average People
10.2.2020
“What I love about Bitcoin is that instead of some rich old guy on Wall Street, young poor people are the ones getting rich” —Eric Finman No Longer Is Economic Sovereignty Just for Politicians and Bankers “Cryptocurrency is for the rich”; this pernicious myth causes...
Prime Trust to Arrange Banking for Customers of BlockQuake Crypto Exchange
7.2.2020
The exchange will use Prime Trust for compliance checks as well as custody for fiat and cold storage for crypto
The Digital Banking Summit – Innovation & Excellence Awards
7.2.2020
The Digital Banking Summit, organized by the International Center for Strategic Alliances, is an event that is held annually with an aim to help banks in Africa, embrace digital capabilities in order to revolutionize and transform their business and offerings. DBS is a well-recognized series...
Major Central Banks to Discuss Digital Currencies Amid IMF Conference
6.2.2020
Six major central banks will reportedly discuss digital currencies in April during an International Monetary Fund conference
Twitter Co-Founder-Backed Fintech Startup Rolls Out Bitcoin Banking App
4.2.2020
UK-based fintech firm Mode, which is backed by Twitter co-founder Biz Stone, has launched its Bitcoin banking app on iOS devices
China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of Epidemic
3.2.2020
China’s stock market plunged Monday under selling pressure accumulated during a prolonged holiday. Investors have been worried by the coronavirus outbreak that’s already taken the lives of more than 360 people. Beijing authorities have responded by pumping well over a trillion yuan into...
Mastercard CEO Reveals Why The Company Left Libra
3.2.2020
Mastercard CEO explains his issues with Facebook’s Libra
Winklevoss Patents Tout Use Case for Gemini Stablecoin Tech in Banking
3.2.2020
Banks and other "trusted entities" could become licensed issuers of the stablecoin, the patents suggest
Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring
1.2.2020
A year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related...