european banks
CBDCs Are Bad News to European Banks, says Bank of America Analysts
Bank of America analysts have made important revelations concerning the launch of CBDCs. They recently disclosed that CBDCs are bad news to European Banks.
European Central Bank Plans to Take the Lead on Stablecoins
European Central Bank President Christine Lagarde has urged the ECB to take the lead regarding stablecoins, citing increased interests in the space from central banks in Britain, Canada, and China.
Central Banks to Cross-Examine Libra’s Founders in Switzerland
The European Central Bank (ECB) officials and 25 global central banks will be meeting with Libra’s founders to assess the project.
Bitcoin Billionaire Winklevoss Slams European Central Bank Money Printing Despite Strong Euro
Bitcoin billionaire and Gemini Exchange Founder Tyler Winklevoss Slams European Central Bank's continued stimulus and low refinancing rates despite a strong Euro.
PayPal Confirms Its Plan to Develop Cryptocurrency Capabilities in its Letter to the European Commission
In a letter to the European Commission in March 2020, payment giant PayPal has now confirmed that has it is actively working to bring cryptocurrencies capabilities on its platform. In the detailed letter, PayPal said that it has taken tangible and unilateral steps to further develop its capabilities in the cryptocurrency space.
Six Central Banks Form Working Group to Assess Central Bank Digital Currencies
Six central banks around the world have come together to create a working group to share experiences on use cases on central bank digital currency (CBDC). With significant expertise in exploring digital currencies, these six central banks are the Bank of Canada, Bank of England, Bank of Japan, European Central bank, Sveriges Riksbank in Sweden, and the Swiss National Bank, and the Bank of International Settlements (BIS).
Response to Facebook Libra? EU Banks Can Deploy Payment System By 2020
All banks in the eurozone could share the instant payment system at the end of 2020, as reported by Reuters on 26 June.
Bitcoin Will Not Likely Be Held by Central Banks in the Future, Says ECB President Christine Lagarde
Christine Lagarde, the President of the European Central Bank, has once again made her stance on Bitcoin clear.
Mainstream Adoption of DeFi and DLT Is Coming, It Will Replace Banks, Says US Currency Comptroller
The US acting Comptroller of the Currency disclosed that roles played by banks will soon change due to cryptocurrencies and decentralized finance (DeFi).
Samsung Collaborates with Israel’s Credorax On Automated Blockchain Platform For Merchants
Samsung SDS has signed an agreement with Israel’s fintech startup Credorax to build payment solutions to serve European merchants and banks.
Six Leading Central Banks to Brainstorm the Issuance of Digital Currencies in Mid-April
The leaders of six major central banks are scheduled to meet in mid-April to conceptualize on creating their own digital currencies as they can be instrumental in substituting the digital yuan or Facebook’s Libra.
Ethereum Dominates European Blockchain Startup Scene
LeadBlock Partners, a European Venture Capital fund that invests in early-stage B2B Blockchain solutions, has announced that Ethereum is a prominent gamechanger among all the European blockchain startups.