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Systems

A World Tour of Digital Currency Projects

“There are hundreds of central bank digital currency initiatives in various stages of development across the world, but only a handful are close to coming to market — and fewer are live. The most advanced projects are in the Bahamas, which began using its Sand Dollar last year; and China, which is testing its digital […]
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Companies

Square to Invest in Solar-Powered Bitcoin Mining Facility

“Square Inc. will invest $5 million to build a solar-powered Bitcoin mining facility at a Blockstream Mining site in the U.S. through a partnership with the blockchain technology provider. The facility will be a “proof-of-concept for a 100% renewable energy Bitcoin mine at scale,” Blockstream said in a press release on its website. Information on […]
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Systems

BoE Says ‘Stablecoin’ Payments Need Same Rules As Banks

“The Bank of England said on Monday that payments with ‘stablecoins’ – a form of cryptocurrency usually pegged to a traditional currency – should be regulated in the same way as payments handled by banks if they start to become widely used. The central bank also said it had made no decision yet about whether […]
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Systems

Visa And The Cryptocurrency Opportunity: Inside The Card Network’s Digital Currency Plans

“While many use the terms cryptocurrency and digital currency interchangeably, Visa has chosen to characterize the area it is focusing on – the stablecoin side of the industry – as digital currencies.  Visa’s digital currency efforts currently fall into five areas. Some of these are well-established and already contributing to the company’s revenue growth, while […]
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Systems

Consumer Spending Changes Likely to Stick, Visa Says

“Increased consumer spending online and more digital payments in the wake of the COVID-19 pandemic have also meant an adverse impact on small and mid-sized retailers and more internet fraud, according to spending tracked by card network behemoth Visa. Following the “massive shift to e-commerce” during the coronavirus outbreak, more than half of spending on […]
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Systems

Banco Central Do Brasil Releases General Guideline for a Brazilian CBDC

“To promote innovation in payment services, demanded by the accelerated digital transformation underway in the global economy, the discussion about the issuance of digital currencies by central banks (Central Bank Digital Currencies – CBDCs) has gained prominence over the last few years. The Banco Central do Brasil (BCB) – complementing efforts of the Agenda BC# […]
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Systems

All-or-Nothing Investment Websites Used Wirecard for Card Payments

“More than half a dozen websites that securities regulators alleged stole money from novice investors in the U.S., Canada and elsewhere have one thing in common: They all used Wirecard AG, the German technology company that collapsed after an alleged multibillion dollar fraud of its own. The websites, which specialized in binary options, all-or-nothing bets […]
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Systems

Google Will Let Crypto Wallets Run Ads; ICO Ads to Remain Banned

“Alphabet Inc. ’s Google, the world’s largest digital advertising seller, will let companies offering cryptocurrency wallets run ads beginning in August. In 2018, Google barred ads for cryptocurrencies and related products, following a similar move from Facebook Inc. But Google soon peeled back that restriction for digital currency exchanges. Starting in August, Google will let […]