ECB To Announce By Mid-2021 Whether It Will Move Forward With CBDC Issuance
European Central Bank (ECB) President Christine Lagarde said that a decision on whether or not to launch a CBDC will be made by the middle of this year. However, after…
Ripple To Acquire 40% Stake In Asia Cross-Border Payments Firm Tranglo
Ripple announced its plans to take a 40% stake in Asian cross-border payments company Tranglo. According to Ripple, since Tranglo’s inception, the payments firm had already processed over 20 million…
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Soros CIO: Central Bank Digital Currencies A Real Threat To Crypto But Won’t Permanently Destabilize Bitcoin
Soros Fund Management’s chief investment officer (CIO) says that central bank digital currencies are a potential threat to bitcoin and other cryptocurrencies but it will only be temporary. She also…
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Payment Giant Visa Integrates USDC Stablecoin Support For Settlement
On Monday, the American multinational financial services corporation Visa announced that digital currency payments have arrived on Visa’s settlement platform. The payment giant revealed that the company will leverage USD…
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The Fed Plans To Unveil Digital Dollar Prototypes In July
The Federal Reserve is actively working on a central bank digital currency and some prototypes are near completion. The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology…