BRICS Alliance Considers Creating New Currency
The world's economic powerhouses appear to be distancing themselves from US dollar hegemony as they look to create a new world order. The BRICS alliance, which is made up of…
Dock Plans to Use Cryptos for International Money Transfers: Reuters
Brazilian financial services platform Dock offers solutions for the entire digital payments ecosystem, according to Reuters. The company, formerly Conductor Technology, plans to utilise cryptocurrencies for international remittances and to expand markets in…
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Singapore
Singapore To License Digital Payment Providers, Approves Crypto Exchange
The Monetary Authority of Singapore (MAS) has notified several providers of digital payment services that they will be licensed to operate in the city-state. The move, which comes after the…
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Bank Of Ghana Deputy Governor Says ‘Central Bank Digital Currency Is Fiat Money,’ Reveals Pilot Phase Will Start September
Ghana’s proposed central bank digital currency is similar to fiat cash and therefore financial institutions, as well as fintech start-ups, can still create value based on it, a Bank of…
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Beijing And Suzhou Railways Now Accept Digital Yuan Payments For Ride Fares
Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news…
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Signature Bank’s Blockchain Payment Platform To Accept Trueusd Stablecoin
As Signature Bank expands its commercial banking offerings, the trueusd stablecoin has been integrated with its Signet blockchain-based digital payment platform to deliver instant dollar payments. Signet Integration to Deliver…
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Mastercard Payment Index: More Consumers In Three African Countries Plan To Use Crypto Based Payment Methods
According to a recent Mastercard payment index report, the Covid-19 related lockdowns helped spread the use of cryptocurrency in three African countries, namely Nigeria, Kenya, and South Africa. The report…
Mastercard Survey Suggests That Consumer Appetite For Cryptocurrency Payments Is Surging
Mastercard released a survey that revealed that there has been a growing demand for digital payments from consumers. The Mastercard New Payment Index shows that more than 93% of consumers…