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“# US Fed researcher says CBDCs should beat Big Tech payments on privacy protection ” Cash usage has lost a ton of ground to digital payments as the pandemic has changed the way people transact worldwide. Some experts have recently argued that central bank digital currencies could solve the problem of leaving that payments data…
“# Russia’s Gazprombank debuts Bitcoin trading in Switzerland ” Gazprombank Switzerland, a subsidiary of one of the largest banks in Russia, has piloted its Bitcoin (BTC) transaction service following regulatory approval by Swiss regulators. According to a Nov. 19 announcement, Gazprombank will provide its new cryptocurrency solution in collaboration with its long-running partners like fintech…
“# Thai music festival to use its own token for a cashless event ” Despite the ongoing COVID-19 pandemic, some global events have chosen to move forward as planned. Instead of canceling, they are working to limit close contact between attendees through the introduction of new technologies. One such solution involves a cashless payment system…
“# Dress to impress: Crypto payments set for mainstream via compliance ” Mainstream interest for cryptocurrency is becoming ever-apparent as major online payment systems such as PayPal begin to offer support for digital currencies. While a revolutionary step for both the crypto and traditional finance spaces, meeting regulatory requirements is crucial in order for such…
“# Deloitte includes BitPay on top 500 tech companies list ” As cryptocurrencies continue gaining mainstream attention, some of the industry’s native companies have also joined the spotlight. Bitcoin payment processing company BitPay joined the ranks of 499 other important technology companies today. Big Four accounting firm Deloitte sees BitPay as one of North America’s…
“# Bitcoin chose decentralization and immutability over payments, says Fidelity ” “Bitcoin has failed as means of payment” is one of the prevalent criticisms of Bitcoin (BTC) that Fidelity Digital Assets is seeking to rebut. In a blog post published on Nov. 13, the firm took on six “persistent” criticisms, including Bitcoin’s volatility, environmental wastefulness…
“# BIS head says physical cash still important, even if CBDCs take over ” As numerous countries across the board navigate their feelings on central bank digital currencies, or CBDCs, Benoît Cœuré of the Bank for International Settlements thinks physical cash will retain its importance. Heading up the BIS’ innovation wing, Cœuré formerly held a…
“# Deutsche Bank: central bank digital currency will replace cash in long term ” Deutsche Bank, the largest banking institution in Germany, is confident that central bank digital currencies, or CBDCs, will replace cash in the future. The bank’s research arm, Deutsche Bank Research, published a new report on economic estimations and proposals to assist…
“# Akoin rolls out to Kenyan tech city in first step towards Akon City ” Akoin, the cryptocurrency project of American-Senegalese musician, Akon, is launching imminently in the $2 billion Mwale Medical Technology City, or MMTC, in Western Kenya. As a newly built city, centred around a state-of-the-art medical and technology complex, MMTC would seem…
“# Justice Department files antitrust lawsuit against Visa’s acquisition of Plaid ” The United States Department of Justice is filing suit against Visa for its acquisition of Plaid, which the DoJ is arguing is an illegal play to achieve monopoly. According a complaint filed by the DoJ on Thursday: “Visa seeks to buy Plaid — as…