Central Banks are keen on issuing a Blockchain-based National Digital Currencies (CBDC)

It’s 2022, and it’s no longer a secret that central banks across the globe have taken into account the rise of cryptocurrencies and blockchain technology. A number of banks are keen to experiment with distributed ledger technology (DLT) in the…

21,000 ATM’s in Brazil will have the ability to send USDT for Reals

Tether Operations Limited, the issuer of USDT – the largest stablecoin by market cap, announced that its main product is going to be available in over 24,000 ATMs in Brazil starting November 3. This is made possible by SmartPay, a…

Japan Credit Bureau to Test CBDC for Payment Settlement

Japan Credit Bureau (JCB) has introduced its digital currency before Japan issues a CBDC.  CBDC Tested Using Current Payments Infrastructure According to JCB’s projection, the adoption of CBDCs may be constrained in the future if older people and small children…

Banks are afraid of crypto overtaking money and asset transfer business – Mr. Wonderful

Kevin O’Leary, a Canadian businessman, entrepreneur, and TV personality, gave his insights on the cryptocurrency industry in a Converge 2022 interview. O’Leary, popularly known as Mr. Wonderful, uploaded his interview to his YouTube channel. He enumerated several insights to the…

MasterCard to bring Crypto Trading to Banks by partnering with Paxos

Top payment-processing corporation MasterCard has announced that it will bring crypto trading capabilities to banks through its new Crypto Source™ program. According to the MasterCard announcement,  the company is expanding its partnership with Paxos, the New York-based Fintech and blockchain…

Crypto Wallet Metamask Enables Instant Bank Funding Through Sardine

Metamask, the popular non-custodial crypto wallet, announced that It will make it easier for US users to use their fiat to buy cryptocurrency.  It was announced in a tweet that this was made possible through Sardine. According to a blog…

BNY Mellon Offers New Crypto Asset Custody Platform

BNY Mellon, the world’s largest custodian bank, announced that it is now accepting select clients’ Bitcoin (BTC)and Ethereum (ETH) deposits.  The bank got approval from New York’s financial regulator to offer cryptocurrency custodial services this fall. BNY’s CEO of Asset…

FTX and Visa Set to Roll Out Crypto Debit Card in 40 countries

Visa, a global digital technology payment giant, is partnering with FTX, a top cryptocurrency trading platform, to roll out debit cards in 40 countries worldwide. The partnership will allow users to spend their FTX crypto balances 24/7 with millions of…

Mastercard launches Crypto Secure to assist banks to determine the risk of crime associated with crypto exchanges

MasterCard, the payment network giant, has launched a first-of-its-kind technology solution named Crypto Secure.  It is designed to bring security and trust to the crypto and digital ecosystem. It aims to bring a new level of trust to crypto purchases…

SWIFT plans to use Chainlink for its global payment system

The Society for Worldwide Interbank Financial Telecommunication more commonly known as SWIFT is partnering with Chainlink to create a cross-chain interoperability protocol (CCIP) in an initial proof-of-concept.  SWIFT provides inter-bank messaging which is the backbone of the world’s financial system.  Chainlink on the…