Payments News

On The Web

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Systems

Postal Savings Bank of China Trials Biometric Cards for Digital Currency Payments • NFCW

“Chinese consumers taking part in the large-scale testing of the country’s central bank digital currency (CBDC) in Beijing over the Chinese New Year period are trialling a biometric ‘hard wallet’ card developed by the Postal Savings Bank of China . The dual payments and healthcare card incorporates a biometric sensor that enables users to verify […]
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Systems

Merchants Want More Say As Faster Payments Develop

“Retailers are often considered to be key beneficiaries of faster payments, but they may be among the last to reap its benefits in the U.S. The latest advancements in real-time payments are focused on banks’ use cases. The Federal Reserveis advancing its real-time settlement service through testing with banks, and Visa is piloting two artificial […]
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Companies

Diem Stablecoin Prepares for Liftoff With Fireblocks Custody Partnership

“Crypto custodian Fireblocks and payments platform First Digital Assets Group are providing connectivity and support to diem, the global stablecoin and payments system formerly known as libra. Fireblocks and First are providing the digital plumbing to allow financial service providers such as banks, exchanges, payment service providers (PSPs) and eWallets to plug into Diem on […]
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Systems

Bitcoin Trades Above $50,000 for First Time

“Bitcoin topped $50,000 for the first time Tuesday, doubling in value in less than two months. The digital currency traded as high as $50,584.84, up about 5% for the day and more than 74% for the year, according to CoinDesk. The total market value of bitcoin in circulation rose to $940 billion. Bitcoin later receded […]
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Systems

Janet Yellen Says Innovation Can Help Fight Misuse of Cryptocurrencies and Narrow Digital Gaps

“U.S. Treasury Secretary Janet Yellen on Wednesday warned about an “explosion of risk” from digital markets, including the misuse of cryptocurrencies, but said new financial technologies could also help fight crime and reduce inequality. In remarks to a financial sector innovation roundtable, Yellen said such technologies could be used to stem the flow of dark […]

On The Wires

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Systems

Klarna Teams up With Safello – Bringing Open Banking To Cryptocurrency Market

“Klarna , the leading global payments provider and shopping service and Safello , Sweden’s leading broker for cryptocurrencies, today announce a strategic partnership to bring Klarna Open Banking to Safello’s award-winning brokerage platform for cryptocurrency trading. This partnership, which is Klarna’s first entry into the cryptocurrency industry, marks a new era in financial innovation.”
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