Search Results for "commercial paper"
Is The US Ready for CBDC? Most Americans Opposed to Digital Dollar Adoption, Survey Reveals
Most American citizens appear to be against a digital dollar adoption within the US, preferring paper money to CBDC, according to a study.
Central Bank Official: Blockchain Application Ideal for Chinese Commercial Banks
Li Wei, the Technology Departmental Head of the People’s Bank of China, has urged Chinese commercial banks to embrace blockchain and digital finance.
Decrypt: Most Whitepapers are Full of Scams
According to Decrypt’s Investigation published on 22 April, many startups had been accused by White paper writers to “constantly required to fabricate and exaggerate facts”.
China to Launch Its Own Digital Currency Later This Year
In order to remain ahead in the global competition, China plans to launch its own digital currency known as Digital Currency Electronic Payment (DCEP). The digital currency will stimulate daily banking activities like deposits, payments, and withdrawals from the digital wallet. Crypto news website Coin Journal shows that the People’s Bank of China, China’s central bank has initiated the efforts to roll out its very own digital currency. It is an effort aimed at staying ahead among all the central banks worldwide as well as preserving financial sovereignty.
IBM Opens Quantum Computation Center in New York
On September 18th, IBM announced the opening of the IBM Quantum Computation Center in New York State which will house the world's largest fleet of quantum computing systems for commercial and research activity that exist outside of an experimental lab environment.
Banking on Blockchain: ICBC Releases First-Ever White Paper on Blockchain for the Financial Sector
One of China's major banks, the Industrial and Commercial Bank of China (ICBC) has released its white paper on blockchain-based applications in the financial sector. The document is the first white paper related to blockchain technology in the financial industry. The paper also highlights the present challenges faced by the banking sector.
Caitlin Long's Avanti Becomes the Second Crypto Bank in the US, Open for Commercial Clients in Early 2021
The Avanti Financial Group has recently become the second cryptocurrency company to get a banking license in the United States.
Chinese Courts Deploy Blockchain-Powered Electronic Door Seals for Enhanced Property Security
Chinese courts have gone a notch higher by adopting blockchain-based door seals that will optimize property security by enabling real-time video surveillance and a sophisticated alarm system. This move is intended to eradicate the conventional paper seals, which are not tamper-proof.
Why Facebook's Libra Is Not A Real Cryptocurrency
Facebook on Tuesday announced its Bitcoin rival called Libra, a cryptocurrency created by a Facebook subsidiary called Calibra that will be managed by an oversight body called the Libra Association. The Libra coin will not be available immediately, as the announcement only covers the vision and technology behind the Facebook blockchain. But the company says Libra will be private, mostly.
China's Central Bank Says Digital Yuan Will Not Raise Inflation
Bank of China claims that the introduction of digital yuan will not cause the occurrence of inflation.
ASIFMA: Tokenized Securities Might Bridge the Current Mainstream Finance with the New Digital World
ASIFMA (the Asia Securities Industry & Financial Markets Associations) has availed a new white paper that reveals a roadmap for regulators and market participants on tokenized securities.
Leading Vietnamese Bank Joins RippleNet to Boost Cross-Border Remittances
Orient Commercial Joint Stock Bank (OCB), a large Vietnamese bank with assets worth $4.6 billion, has joined RippleNet as a strategic partner after a 10-month wait.
