Japan is poised to take a significant step into the realm of digital finance with the introduction of the world’s first cryptocurrency-backed credit card. This innovative financial product is designed to revolutionize the payment landscape, particularly in how cryptocurrencies can be utilized in everyday transactions. Set to launch in early 2024, this credit card, backed […]
New Report Tracks Digital Euro Development: Key Insights and Implications
The landscape of digital finance is rapidly transforming, and the development of the digital Euro has emerged as a focal point in Europe’s financial strategy. A recent report published by the Digital Watch Observatory delves into the current status of this ambitious project, offering vital insights into its implications for the European economy and beyond. […]
New Frameworks Set to Advance Asset Tokenisation in Singapore
In a significant move poised to bolster asset tokenisation within the financial sector, the Monetary Authority of Singapore (MAS) recently unveiled a multifaceted initiative focusing on establishing a robust framework for digital assets. This advancement aims to improve infrastructure limitations and enhance liquidity, addressing key barriers that have hindered the widespread adoption of tokenisation across […]
British Pension Fund Invests 3% of Assets in Bitcoin
In a groundbreaking move, a British pension fund has made headlines by allocating 3% of its £50 million assets directly into Bitcoin. Spearheaded by pension specialist Cartwright, this investment marks the first of its kind in the UK, distinguishing itself from common trends of investing in Bitcoin-linked exchange-traded funds (ETFs). This decision comes after extensive […]
Central Bank of Norway Decides on CBDC by 2025
In a world increasingly moving towards digital finance, central banks are taking steps to adapt. Norway stands at a pivotal point in this transition, given its status as one of Europe’s most cashless societies. The Central Bank of Norway, known as Norges Bank, is poised to make a significant decision regarding the introduction of a […]
PayPay Rolls Out Digital Wage Payments Amid Japan's Cashless Drive
Japan’s move towards a cashless society reached a milestone with the introduction of digital wage payments through PayPay, a widely-used QR-code payment application. This initiative, approved by the government, permits employees to receive part of their salaries in a digital format, reflecting a significant shift in how wage distribution can evolve in today’s economy. Effective […]
MicroStrategy's Ambitious Transition to a Bitcoin Bank
In a bold move that could reshape the future of finance, MicroStrategy aims to transition into a Bitcoin bank, a vision articulated by its co-founder, Michael Saylor. With a staggering holding of 252,200 Bitcoin valued at approximately $15.8 billion, the company is positioning itself to leverage its crypto assets in a way that could redefine […]