Global payments giant PayPal is planning a massive play into the crypto sector next year according to its top brass. At the firm’s quarter 3 earnings meeting for 2020, senior executives discussed at length, plans to push into crypto while…
Cambodia launches Blockchain-based Interbanking Platform
Cambodia is the latest jurisdiction to jump into the CBDC craze after the country’s central bank launched a Blockchain-based platform for digital money transactions known as Bakong. A source from Dap News released the story which also revealed various partnerships…
FED Chair on CBDCs: America Wants to Get It Right not First!
According to FED Chairman Jerome Powell, the US will not unveil a digital dollar unless all the questions surrounding it are resolved. Responding to concerns that other countries were closing in on finalizing their digital currencies and unveiling them, Powell…
Ripple Cofounder: Ripple could leave the US
Ripple co-founder Chris Larsen is not too impressed with the United States after failing time and time again to create a satisfactory token environment. Falling behind financial system control race During the LA Blockchain Summit conference in October 6, Chris…
CBDCs are Risky According to the Central Bank of Canada
Canada’s central bank recently put out a report on the risks and benefits of a central bank digital currency in an October 5 report. The report pointed to security risks that a CBDC would bring about. Canada’s top bank wrote;…
Global Compatibility will determine the CBDC Race, says Expert
Douglas Arner, director at Asian Institute of International Financial Law at the University of Hong Kong, believes that international interoperability will become the cornerstone of the CBDC race. While speaking at the unitize Blockchain conference on July 14, he argued…
Bank of England considering a CBDC
News of a possible English CBDC are coming out of London after Bank of England governor Andrew Bailey revealed that they considering a digital currency. The head of the top bank made this public in a webinar while addressing some…
Visa Crypto Chief: CBDC most important trend in payments in the coming decade!
Central Bank Digital Currencies or CBDCs may just be one of the most important developments over the next decade according to Visa’s head of crypto, Cuy Sheffield. Sheffield tweeted that “as governments evaluate CBDC, the path they decide to take…
ECB President, Lagarde, Pushes for Central Bank Digital Currency
The president of the European Central Bank (ECB), Christine Lagarde, has thrown her weight behind the bank’s active involvement in the development of a central bank digital currency (CBDC) to address the demand for faster and cheaper cross-border payments. Speaking…
China’s Top Bank says that a Government Backed Digital Currency is Close
The people’s bank of China has said that it is progressing smoothly with its development of a government backed digital currency. The bank issued this statement during a conference in Beijing that was held on Jan 2-3 according to an…