wholesale payments
Committee on Payments and Market Infrastructures Develops Criteria for Wholesale Digital Tokens
A new report reveals that the CPMI will list out a criterion for the design of wholesale digital tokens in terms of their usage in whole transactions.
Reserve Bank of Australia Will Explore Wholesale CBDC with ConsenSys Ethereum POC
The Reserve Bank of Australia has partnered with leading Australian banks and ConsenSys Software to explore wholesale CBDCs and distributed ledger technology (DLT).
Facebook and Calibra Head David Marcus: What Problems Would Wholesale CBDCs Even Solve?
During a panel discussion at the World Economic Forum which included the topic of Central Bank Digital Currencies (CBDCs), David Marcus, Head of Calibra, highlighted that digital currencies are the key to innovate cross-border payments and solve the issues of the unbanked—regardless of if that digital currency is Libra or not.
Federal Reserve's Bowman Discusses Digital Currency Innovations Amid CBDC Debate
Federal Reserve Governor Michelle Bowman, in a discussion at Harvard Law School, explored the evolving digital payment landscape, touching on CBDC, stablecoins, and the necessity for a robust regulatory framework. While recognizing the potential of digital assets, she emphasized a cautious approach, underscoring the importance of continued research and international collaboration to navigate the digital transformation responsibly.
Cryptocurrency Payments now Accepted at Tifon Gas Stations in Croatia as Firm Hopes to Tap Tourist Trade
Croatia's Tifon is keen on introducing crypto payments to enable tourists to use Bitcoin and ETH to pay for fuel and other services at designated gas stations.
J.P. Morgan Creates Onyx Blockchain Unit As JPM Coin Leveraged for Cross-Border Payments
JPMorgan Chase has set the ball rolling by deploying its digital currency, the JPM Coin, for commercial purposes creating a new blockchain business unit dubbed Onyx.
BIS Newest Quarterly Report: What Potentials Do CBDCs and Distributed Ledger Technology Hold?
The Bank for International Settlements (BIS) has released its newest quarterly report on the changes in the payment industry, including the market impact of the recent coronavirus outbreak. Some of the trends mentioned in the report include stablecoins, tokenized securities, central bank digital currencies (CBDCs), cross-border payments, and peer-to-peer payments.
Crypto Tax Payments Permitted in Bermuda
Bermuda has started accepting tax payments using Circle's stablecoin known as USD Coin (USDC).
PayPal Finally Enables Cryptocurrency Payments and Shopping
PayPal's customers will finally be able to make payments and shop using digital currencies such as BTC, ETH through PayPal’s online wallets.
Norwegian Air Set to Accept Cryptocurrency Payments
Amazing times ahead for travelers in Norway as Norwegian Airline, one of the largest in Europe is set to accept the use of cryptocurrency as a means of payments for flight booking.
OFAC to Begin Sanctioning Companies Facilitating Ransomware Payments
The OFAC may begin sanctioning US nationals and institutions that help facilitate payments in a ransomware attack.
Women in Payments CEO: Less than 5% of VCs Invest in Women-Led FinTech Companies
With a background in engineering, Kristy Duncan, the CEO of Women in Payments started her career in banking and then into the payments industry. Duncan has then been fascinated with the payments market, and is a “payments geek at heart.” She started Women in Payments in 2012, Looking to add value in a different way, to connect, inspire, and champion women who are working in the payments industry globally.
ISO 20022—Central Banks Strike Back Against Bitcoin and DeFi Payments But XRP Price Will Surge
Central Banks are planning their own payments revolution which could eliminate most cryptos from the cross-border payments conversation - all except Ripple (XRP).