US House Committee Advances Bill to Enhance Oversight of Stablecoins The landscape of digital payments is rapidly evolving, with stablecoins emerging as a prominent player in the realm of cryptocurrencies. In response to the growing influence of these digital assets, the US House Committee has taken a significant step by passing a bill designed to […]
Swiss shift to digital payments opens door for stablecoins
Swiss Embrace Digital Payments: A Doorway to Stablecoins Switzerland, known for its precision watches, impeccable chocolates, and picturesque landscapes, is now making a name for itself in the digital payment realm. Recent data has revealed that digital payments in the country have surged to represent 35% of all in-store purchases, surpassing cash transactions for the […]
Custodia and Vantage launch first US bank-issued stablecoin
Tokenised Banking Deposits: Custodia and Vantage Lead the Way in US Stablecoin Innovation In a groundbreaking move that could revolutionize the financial landscape, Custodia and Vantage have joined forces to launch the first US bank-issued stablecoin. This collaboration marks a significant milestone in the integration of blockchain technology into traditional finance, showcasing the potential for […]
Eurozone officials stress need for digital euro amid US crypto shift
Eurozone Officials Emphasize the Importance of Introducing a Digital Euro Amid US Crypto Developments In recent years, digital currencies have been gaining momentum worldwide, with the United States taking significant steps towards embracing cryptocurrencies. The US’s increasing interest in digital assets, such as Bitcoin and stablecoins, has not gone unnoticed by Eurozone officials. As the […]
Mastercard embraces blockchain with 30% tokenised transactions in 2024
Mastercard Adopts Blockchain Technology: A Game-Changer for Tokenised Transactions Mastercard, a global leader in payment processing, is making significant strides in embracing blockchain technology. With a strategic vision to stay ahead in the digital payment revolution, Mastercard has set a target to have 30% of its transactions tokenised by 2024. This bold move signifies the […]
Fed Governor backs stablecoin regulations
Fed Governor Backs Stablecoin Regulations The world of digital currencies is rapidly expanding, with stablecoins gaining particular attention for their potential to revolutionize the financial industry. Recently, Federal Reserve Governor Christopher Waller voiced his support for clear regulations surrounding stablecoins. Waller emphasized the critical role of regulatory clarity in unlocking the full potential of stablecoins […]
RBI to introduce secure domain names to combat digital payment fraud
RBI to Introduce Secure Domain Names to Combat Digital Payment Fraud The Reserve Bank of India (RBI) is set to implement a groundbreaking initiative to enhance the security of digital payments in the country. In a bid to combat the rising threat of online payment fraud, the RBI will introduce secure domain names, managed by […]
ECB pushes for faster digital euro launch
ECB Pushes for Faster Digital Euro Launch The European Central Bank (ECB) has been steadily moving towards the introduction of a digital euro, but recent developments have added a new sense of urgency to the process. The push for speed comes in the wake of former U.S. President Donald Trump’s vocal support for stablecoins, a […]
Limited appeal of retail CBDCs in global adoption
The Limited Appeal of Retail CBDCs in Global Adoption Central Bank Digital Currencies (CBDCs) have been heralded as the future of money, offering a digital alternative to traditional cash issued by central banks. However, despite the buzz surrounding CBDCs, their adoption on a global scale, particularly in the retail sector, has been slower than anticipated. […]
Bank of America CEO backs crypto payments
Bank of America CEO Backs Crypto Payments: A Game-Changer in Finance In a bold move that could reshape the landscape of the financial industry, Bank of America’s CEO has expressed support for embracing cryptocurrency payments. This endorsement comes at a crucial time when digital currencies are gaining momentum and mainstream acceptance. If regulators give the […]