Christopher Giancarlo, the former head of the Commodity Futures Trading Commission, is creating the Digital Dollar Foundation to study converting...
Fintech funding reached $11bn in 2018, a 38 percent jump year over year; banking startups focused on customer data, trade digital...
Federal Reserve Bank of New York President William Dudley said the U.S. central bank is starting to think about adopting its own digital currency; while talks are in their infancy Mr. Dudley does see the value in the technology behind bitcoin; he doesn’t see bitcoin being a rival to the dollar as it is currently to unstable. Source.
The People's Bank of China is reportedly ramping up efforts to create a digital currency that would coincide with their paper currency; the currency released by the People's Bank of China will be legal currency and make use of special encrypted technology; there has been an effort within the central bank to create a digital currency since 2014; problems related to the right technology and deployment of the currency have persisted. Source
Mizuho along with 60 other banks are launching a new digital wallet called J-Coin Pay; the name implies that J-Coin...
According to a recent survey by the Bank of International Settlements, over 70 percent of central banks are studying central...
In a blog on the company’s website David Farmer, Director of Communications, explained the ability for customers to instantly purchase digital currency using a US bank account; customers can now buy up to $25,000 and receive access to their digital currency immediately. Source.
The world's oldest central bank is now looking to the future; Riksbank is looking to issue a national digital currency as they have seen a 40% drop in use of notes and coins since 2009; they do not view the digital currency as a replacement for notes; the new currency would be viewed as complementary; challenges lie ahead as there is no blueprint for this; Cecilia Skingsley, deputy governor at the Riksbank, told the Financial Times, "This is as revolutionary as the paper note 300 years ago. What does it mean for monetary policy and financial stability? How do we design this: a rechargeable card, an app or another way?" Source
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