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European Central Bank Shows It’s Serious About Enabling Digital Euro Offline Use
11.1.2024
The central bank plans to allocate the lion’s share of its $1.3 billion contract budget for providers to work on enabling offline payments for a digital euro
Central Bank of Italy and South Korea Strike CBDC Partnership on IT and Payment Systems
5.12.2023
Source: AdobeStock The Central Bank of Italy and South Korea have announced a partnership to collaborate on key areas like payment systems and IT in the development of Central Bank Digital Currencies (CBDCs). A Dec 5 press release by La Banca d’Italia disclosed the agreement which would see both...
Mastercard Plans Web3 Collaborations With Self-Custody Wallet Firms
24.10.2023
The payments processor is working with MetaMask and Ledger among others, according to a Web3 Workshop presentation
CFPB examines Big Tech's role in mobile payment systems ahead of rulemaking
7.9.2023
The U.S. Consumer Financial Protection Bureau has focused the role of Apple and Google in mobile payments with a critical eye
Central Bank of Russia Discusses Digital Ruble Integration With Other Countries
22.7.2023
The Central Bank of Russia (CBR) is already discussing the integration of its central bank digital currency (CBDC), the digital ruble, with other countries’ payment systems. Elvira Nabiullina, Governor of the CBR, declared the bank was exploring different possibilities of integration with...
South Korean central bank charts out future course of payment systems, CBDC
19.7.2023
The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country
Gnosis Lets Crypto Users Make Everyday Purchases From Wallets With Visa
17.7.2023
The crypto-based debit card will allow web3 users to use their stablecoins to pay for products in everyday life
Russia ‘Actively’ Working on SWIFT Alternatives, Foreign Ministry Official Says
22.5.2023
The Russian Federation is collaborating with partners to link payment systems alternative to the interbank messaging system SWIFT, a representative of the country’s Ministry of Foreign Affairs announced. The work is part of the de-dollarization of the economy, the official indicated. Russia Seeking...
India, Russia Mull Payment System Integration in Face of US Sanctions
2.5.2023
The governments of India and Russia are considering integrating part of their payment systems, in order to counter the possible future effect of US sanctions on the capital flows of each country. The deal would include the integration of India’s Rupay card system and its Russian counterpart...
7th Annual Legal, Regulatory, & Compliance Forum on FinTech & Emerging Payment Systems
31.3.2023
April 18-19, 2023 | NY Hilton Midtown, New York, NY Join 2 days of intense discussions to benchmark among peers, absorb key compliance takeaways around anticipated increased regulatory enforcement, and delve into what it will take for the modern fintech to prosper at the 7th Annual Legal...
Bitcoin Proponents Slam Nobel Laureate Paul Krugman After Venmo Payment Issue
9.3.2023
Nobel Prize winner Paul Krugman complained on Twitter Wednesday that he was experiencing issues with the centralized payment processor Venmo. His tweet was followed by a barrage of bitcoin supporters who insisted that Krugman was now realizing the importance of censorship-resistant payment systems....
Top 5 universities to study blockchain in the UK
28.2.2023
Universities in the U.K., including Cambridge, Imperial, Edinburgh, Oxford and University College London, offer blockchain-related programs
JPMorgan CEO Says BTC Is Fraudulent, a ‘Pet Rock;’ Bank of America Says CBDCs Are ‘Natural Evolution’ — Bitcoin.com News Week in Review
29.1.2023
JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, recently calling it a “hyped-up fraud,” and a “pet rock.” For it’s part, Bank of America has said that it views central bank digital currencies (CBDCs) and stablecoins as a “natural...
Bank of America: ‘Digital Currencies Appear Inevitable’
22.1.2023
Bank of America says “digital currencies appear inevitable,” adding that central bank digital currencies (CBDCs) and stablecoins are “a natural evolution of today’s monetary and payment systems.” The bank expects “private sector beneficiaries to emerge in...
Forbes Gives Alchemy Pay Web3 Innovation Pioneer Award
13.1.2023
PRESS RELEASE. Singapore, 12 January 2023: Fiat-crypto payment gateway Alchemy Pay and its co-founder and majority shareholder, Shawn Shi, have been officially recognised by Forbes with the Web3 Innovation Pioneer award on 11 January. The Singapore-based payment solutions provider has a major...
UK Regulator Is Firming Up Its Approach to Crypto Oversight
7.12.2022
The Payment Systems Regulator will be looking at what happens if a crypto payment system goes wrong and the measures needed to protect consumers against fraud, Nick Davey, a Payment Specialist, told CoinDesk in an interview
JPMorgan's CEO feels threatened by disruption in payment systems: Kevin O'Leary
28.9.2022
At Converge22, the Shark Tank host said stablecoins are set to lead to a reduction in friction and fees worldwide
Central Bank of China Calls for Increasing Use of Digital Yuan
12.9.2022
The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional e-payment platforms will make the digital yuan more convenient for consumers....
Latin America is ready for crypto — just integrate it with their payment systems
11.9.2022
Brazil is already leading the globe in cryptocurrency adoption. Integrating crypto with payment providers in the region is a surefire way to see Latin America fully embrace the industry
Bankoff Crypto Cards Suspended Amid High Volume of Russian Transactions
5.5.2022
Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country. Visa and Stripe Halt...