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Remittance Costs Lower in Q3 World Bank Study Shows – Only Cryptocurrencies Meeting UN Goal
30.10.2020
The latest study by the World Bank shows that it costs 4.98% on average to remit funds to South Asia which makes it the least expensive region while sub-Sahara Africa is the most expensive with an average cost of 8.47%. The quarterly study also finds that it is costlier to remit funds when using...
The UN’s ‘decade of delivery’ needs blockchain to succeed
26.9.2020
Emerging technologies are essential to fasten SDGs, but this shouldn’t come at the expense of prudence and careful evaluation
Inflation Hit Ethiopia Demonetizes Currency To Curb Cash Hoarding
17.9.2020
The Ethiopian government has unveiled a new set of banknotes that are expected to help authorities in curbing cash hoarding, illegal trade and illicit financial flows. The move is also aimed at boosting the liquidity of banks that are struggling to cope with Ethiopia’s cash-based economy....
World Bank Investigates Smart Contracts as Financial Tools, With Mixed Results
13.7.2020
The World Bank has looked at the benefits of smart contracts and found the blockchain instruments to be a "limited" financial tool
$1.4M in Bitcoin Transactions: New High for Argentina as Confidence in the Peso Tanks
9.7.2020
Crisis laden Argentina saw bitcoin transactions worth $1.4 million (101 million pesos) being recorded in the past week, a new high for the country. According to a report by Vorem, this figure is nearly double the previous high of $0.96 million recorded in the last week of June. Citizens who have...
Can Central Bank Digital Currencies Protect Individual Privacy?
11.5.2020
Top crypto industry and policy experts debated the privacy ramifications of state-issued virtual currencies during the first day of Consensus
World Bank Digs Deeper Into DLT and FinTech for Financial Inclusion
14.4.2020
The World Bank Group outlines new tech like DLT and stablecoins as crucial for financial inclusion
India Is Fostering a Solarized Digital Future
4.3.2020
India is moving toward renewable energy production backed with the digital technologies
Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns
10.1.2020
The latest global debt wave is the largest in the past five decades, the World Bank has acknowledged in a new report. The international institution notes that previous waves of broad-based debt accumulation lead to widespread financial crises. Historically low interest rates this time might not...
Indian Finance Minister Answers Crypto Questions at IMF Meeting
21.10.2019
At an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference. Also read: Indian Supreme Court...
MakerDAO Is Helping 60 Kids in Brazil Learn the Basics of Blockchain
9.9.2019
The World Bank is teaming up with MakerDAO to bring blockchain education to Brazilian favelas
Additional $34 Million Raises By World Bank’s Blockchain Bond
20.8.2019
World Bank Blockchain bond has been making a mark in the industry for a long time. Moreover, it has managed to gain the confidence of the investors since the beginning. To no surprise, it has further raised $34 million in the industry. This money has been raised for the Kangaroo bond that is due...
World Bank Sells $33.8 Million More of Its Private Ethereum Blockchain Bonds
19.8.2019
The World Bank raised another $33.8 million by issuing bonds on a blockchain, bringing the total to $108 million
XRP, Libra and Visa to Fight It Out for Cross-Border Remittance Crown
30.6.2019
Given Facebook’s 2 billion strong user base, will banks become more amenable to cryptocurrency adoption as a way of maintaining their relevance in international money transfer?
Global Outlook Cut Down To Decade Low By World Bank As Trade Nosedives
5.6.2019
The trading sentiment at a global level has been at one of its lowest ebbs for quite some time, and perhaps the primary trigger for that has been trading war between the United States and China. When the two biggest economies in the world are involved in a trade war, then it is certain...
World Bank Leads Secondary Market Phase of Bond-I Blockchain Bond
16.5.2019
The World Bank and Commonwealth Bank have successfully enabled secondary market trading of a blockchain bond
World Bank, CommBank Team Up for ‘World First’ Blockchain Bond Transaction
16.5.2019
The World Bank says its new debt instrument "bond-i" is the first bond to have both issuance and trading recorded on a blockchain