Payment

US Regulators to Define Cryptocurrency as Money to Combat Terrorism Financing
Oct 26, 2020 at 14:32
News
US Regulators to Define Cryptocurrency as Money to Combat Terrorism Financing
The US Federal Reserve Board and Fincen are proposing to extend the definition of money to include cryptocurrency. This move might prove that financial regulators are willing to admit digital money as a payment method while opening up new possibilities for it. On the other hand, this might also mean a strengthening of control.
Central Bank Digital Currency: The Good, the Bad, and the Ugly
Oct 13, 2020 at 13:55
News
Central Bank Digital Currency: The Good, the Bad, and the Ugly
Several countries, including the US and China, are working on their own digital currencies (Central Bank Digital Currency or CBDC). Is this about giving people more freedom over the payments or control over the financial flow? What is in it for the government and its citizens?
Digital Dollar Wallet to Each American: USA Plans to Launch its Digital Currency
Oct 02, 2020 at 13:29
News
Digital Dollar Wallet to Each American: USA Plans to Launch its Digital Currency
It seems the rumours about the launch of digital dollars have been confirmed. The US Federal Reserve has been making actual efforts to launch their Central Bank Digital Currency (CBDC).
Europe Reveles Its Digital Finance Strategy and Legislative Proposals on Cryptocurrency
Sep 27, 2020 at 10:43
News
Europe Reveles Its Digital Finance Strategy and Legislative Proposals on Cryptocurrency
The European Commission (EC) approved on Thursday September 24, a digital finance package, including a retail payments plan, digital finance strategy and legislative proposals on cryptocurrency and digital resilience, for a booming European Union (EU) financial sector that gives customers access to state-of-the-art financial goods and services.
Bitcoin and Cryptocurrencies can Flourish in Balkan Region
Sep 24, 2020 at 11:53
News
Bitcoin and Cryptocurrencies can Flourish in Balkan Region
The efforts being put to effectively regulate the blockchain and cryptocurrency industry could see the Balkans leap big. The region only needs an effective regulatory framework on the disruptive technology if it is to boom.
MasterCard Invests in Increasing Financial Inclusion for Underbanked
Sep 23, 2020 at 12:52
News
MasterCard Invests in Increasing Financial Inclusion for Underbanked
A financial services company dealing in processing digital payments between the banking institutions of merchants and the card-issuing banks, MasterCard, is capitalizing in an investment project aimed at financial inclusion of the underbanked.
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?
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.
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.
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