Advertisements

CBDC

Connecting Cash to the Internet Using Stablecoins

</header> <p dir=”ltr”><strong>Most often overlooked in the fintech space is the world’s most scalable and private payment system: cash. It is used in every country around the world and despite its much exaggerated demise, according to the G4S Global Cash Report 2018, cash circulation has risen to 9.6% of GDP across developed and emerging market …

Connecting Cash to the Internet Using Stablecoins Read More »

Advertisements

Total Surveillance Coin Will Be a Dystopia if Controlled by Facebook or Government

</header> <strong>Digital currency provides unprecedented abilities to spy on and control what people do, and having that power in the hands of a few people is very dangerous. The Big Tech monopolies of Silicon Valley are building a future where your every action is monitored, and giving Facebook control over what you can and can’t …

Total Surveillance Coin Will Be a Dystopia if Controlled by Facebook or Government Read More »

Report: No Bank Account Needed to Transfer China’s Upcoming CBDC

Binance Research, the research arm of the major crypto platform Binance, has reported that no bank account will be necessary to use China’s Central Bank Digital Currency (CBDC). Loose coupling and anonymity Binance Research shared its findings on Aug 28. According to the report, China’s CBDC will be transferable without a bank due to its …

Report: No Bank Account Needed to Transfer China’s Upcoming CBDC Read More »

UK Central Bank Chief Sees Digital Currency Displacing US Dollar as Global Reserve

A central bank-supported digital currency could replace the dollar as the global hedge currency, said Bank of England governor Mark Carney. Speaking at the Economic Policy Symposium in Jackson Hole, Wyoming, on Friday Carney discussed the need for a new international monetary and financial system (IMFS), noting that while the U.S. dollar has played a dominant role …

UK Central Bank Chief Sees Digital Currency Displacing US Dollar as Global Reserve Read More »

China’s Digital Fiat Wants to Compete With Bitcoin – But It’s Not a Crypto

The Takeaway: A review of over 50 patent applications submitted by the People’s Bank of China shows the design of its central bank digital currency will only resemble a cryptocurrency in limited ways. A senior official at the central bank said the effort will be helpful to “restrain public’s demands for crypto assets and to …

China’s Digital Fiat Wants to Compete With Bitcoin – But It’s Not a Crypto Read More »

Central Banks Worldwide Testing Their Own Digital Currencies

<header class=”article__header”> </header> <strong>Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden. India has also included the digital rupee in the country’s draft …

Central Banks Worldwide Testing Their Own Digital Currencies Read More »

China’s official digital currency is nearly ready

Sponsored Links AP Photo/Andy Wong As much as China frowns on cryptocurrency, it’s happy to introduce its own form of virtual cash. The People’s Bank of China has revealed that its digital currency “can now said to be ready” after five years of work. Don’t expect it to mimic crypto, however. According to payments Deputy …

China’s official digital currency is nearly ready Read More »

IMF Spring Meetings: Digital Money Is Imminent, But No Decentralization in Sight

The custodians of global financial order have been prominent in crypto news recently. The weekend kicked off with the announcement of the International Monetary Fund (IMF) joining forces with the World Bank to launch a private blockchain coupled with a “quasi-cryptocurrency” for training purposes, then continued with the Spring Meetings of the two organizations’ Boards of Governors in …

IMF Spring Meetings: Digital Money Is Imminent, But No Decentralization in Sight Read More »

Central Bank Digital Currencies Are a Trojan Horse for Bitcoin

<strong>Central bank digital currencies (CBDCs) and Bitcoin could scarcely be more different. One is permissioned, the other permissionless; one centralized, the other decentralized; one is censorable, the other censorship-resistant. Despite their dissimilarities, CBDCs might just be the best driver yet for Bitcoin adoption.</strong> Also read: Mobile Gifting Platform Swych Announces Cryptocurrency Support CBDCs Are the Best …

Central Bank Digital Currencies Are a Trojan Horse for Bitcoin Read More »