Search Results for "cashless society"
Five Myths People Have About Cryptocurrencies Debunked
Cryptocurrency has now been in the market for a decade, and its introduction enabled it to join the ranks of fiat currencies as a potential means of payment. However, the majority of consumers still hold wrong beliefs about cryptocurrencies. This explains the reason for the low adoption of cryptos.
Alibaba Sees Blockchain as the Icing on the Cake in the Film Industry
During the ongoing 28th Golden Rooster and Hundred Flowers Film Festival happening in Xiamen, China, Li Jie, senior vice president of Alibaba Pictures, noted that blockchain was crucial in propelling the growth of the Chinese film industry.
Waste2Wear to Use Blockchain in Tracing the Conversion of Ocean Plastics into Eco-Fabrics
Waste2 Wear is to trace the conversion of ocean plastic waste into eco-fabrics using blockchain technology as this will propel traceability.
China to be First Cashless Society with Digital Yuan Launch in 2022, SCMP Report
China is poised to become the world’s first cashless society should roll out its Digital Yuan DCEP before it hosts the 2022 Winter Olympics according to the SCMP
Thailand’s Bank of Ayudhya Unveils Blockchain-Based Platform for Cross-Border Funds Transfers
Smart contracts and blockchain play more of a key role in the economic and social growth of modern society. For example, Thailand’s Bank of Ayudhya demonstrates how the use of blockchain technology leverages cross-border funds transfers.
Seven Key Takeaways You Need to Know About Central Bank Digital Currencies
Why are Central Bank Digital Currencies (CBDCs) important? Do we really need them? What are the implications? How will they be designed? Here are seven key takeaways you need to know.
Crypto Leaders Discuss Libra, China's CBDC and a Cashless Future at the Singapore Fintech Festival
A noteworthy panel followed on the topic of “defining the future of digital currency,” joined by Christian Catalini, co-creator of Libra and Head Economist of Calibra, Mu Changchun, Director-General of the Digital Currency Institute of the People’s Bank of China, HE Serey Chea, from the National Bank of Cambodia and Umar Farooq, Head of Blockchain at J.P. Morgan Chase & Co.
China’s Central Bank’s DCEP is Trying to Make WeChat Pay and Alipay Redundant
Mu Changchun, the Director-General of the Institute of Digital Currency of China’s central bank, People’s Bank of China spoke at one of the panels at the Singapore Fintech Festival held at the Singapore Expo on Nov. 12 regarding the future of digital currencies.
Japan’s Financial Watchdog Believes Deregulating Crypto Does Not Necessarily Propel Technical Innovation
After assuming the helm of Japan’s Financial Services Agency mandated with overseeing the monetary sector in July, Ryozo Himino has voiced his reservation of promoting cryptocurrency trading.
Alipay and WeChat Pay Could Be Casualties of China's Digital Yuan
Still strategizing to curb the dominance of Alipay and WeChat Pay, the People’s Bank of China will be using its DCEP system to break the cashless payment duopoly.
What is Trust?
Trust and trusted third parties are key concepts in bitcoin. The key role of bitcoin is to reduce trust and trusted third parties.
Bank of Lithuania Launches First Blockchain-Based Digital Collector's Coin As Test for CBDC
The Bank of Lithuania has launched the first central bank-produced digital collectors coin dubbed “LBCOINS” as part of its trial of blockchain technology and testing in its development of central bank digital currencies.