Banking

Why Are Banks So Eager To Shift To A Cashless Society?
Sep 18, 2020 at 09:06
News
Why Are Banks So Eager To Shift To A Cashless Society?
These days, the banking industry is calling on their users to use digital banking payments instead of cash. According to research, some of the more economically developed countries, like Sweden and UK, will move to a cashless society by 2020. However, why are banks so eager to call on their customers to stop using cash?
Coronavirus Causes Cryptocurrency Community Growth
Sep 16, 2020 at 12:44
News
Coronavirus Causes Cryptocurrency Community Growth
The interest in cryptocurrency seems to grow as new people join the community. Compared to other communities, the cryptocurrency ecosystem is a relatively nascent community because the first cryptoasset was launched in January 2009, meaning that it is just over one decade into existence.
People’s Bank of China: Digital Yuan Will Be a Form of Local Currency
Sep 15, 2020 at 13:00
News
People’s Bank of China: Digital Yuan Will Be a Form of Local Currency
When released, China’s Central Bank Digital Currency (CBDC) might replace fiat yuan in circulation. At least, that was what Fan Yifei, the Deputy Chairman of the People’s Bank of China (PBoC), stated in his article published at Financial News local outlet.
Central Banks to Test Implementation of CBDC thanks to MasterCard’s New Simulator
Sep 11, 2020 at 09:57
News
Central Banks to Test Implementation of CBDC thanks to MasterCard’s New Simulator
A multinational payment bull MasterCard offers a virtual platform to test the potential of central bank digital currency (CBDC). The company wants to help central banks globally that are planning to develop, analyze and explore their state-backed virtual currencies.
Windows Devices Are Vulnerable to Credential Stealing Malware
Sep 10, 2020 at 09:53
News
Windows Devices Are Vulnerable to Credential Stealing Malware
Various uncommon types of viruses have been created by cyber attackers and are now being used to attack cryptocurrency holders.
What Do Banks See In Blockchain Technology?
Sep 09, 2020 at 12:30
News
What Do Banks See In Blockchain Technology?
Banks have a different perspective and vision when it comes to blockchain. Some banks support this groundbreaking technology, some are still lagging behind and redundant, and others are still against it.
Bank of England: Payment Innovations Gaining Momentum
Sep 06, 2020 at 11:02
News
Bank of England: Payment Innovations Gaining Momentum
The governor of the Bank of England admitted that payment innovations like cryptocurrency, stablecoins, central bank digital currencies (CBDC), etc., have been gaining momentum due to the lockdown.
Digital Yuan is Still Too “Green” to be Used for Large Transactions
Aug 25, 2020 at 09:21
News
Digital Yuan is Still Too “Green” to be Used for Large Transactions
The People’s Bank of China is not going to expand trials of its CBDC to large volume transactions. For now, at least.
Major Crisis Coming: Global Whales Turn to Bitcoin
Aug 23, 2020 at 10:43
News
Major Crisis Coming: Global Whales Turn to Bitcoin
The COVID-19 pandemic has changed the world a lot. The lockdown affected most global industries, having caused one of the biggest crises for the past decades. However, world financial experts predict the situation can become even worse and lead to the complete death of the US dollar.
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