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On The Web

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Systems

Swiss Startup to Produce ‘Banknotes’ for Marshall Islands’ Official Cryptocurrency

“Switzerland-based crypto hardware wallet maker Tangem says it has been selected by the Republic of the Marshall Islands to produce the “physical blockchain notes” for the nation’s planned national digital currency. Tangem announced the news Monday, saying the blockchain notes will be used to store the republic’s Sovereign (SOV) digital currency, which is being launched as an alternative […]
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Systems

Digital Fiat Currency Is Going Main Stream

“In Hangzhou, the New Digital Economy capital of China, I attended the Asia Pacific Fintech Round Table at the Inauguration of the International Business School of Zhejiang University and Cambridge University, where I met the Former Prime Minister of South Korea, Prof Han Seung-soo. He has invited me to present at the International Finance Forum annual […]
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Systems

Facebook’s Libra Is Spurring Central Banks’ Interest in Issuing Cryptocurrency

“The Bank for International Settlements (BIS) in Basel, Switzerland is the bank for global central bankers. It’s the stodgiest of stodgy institutions, in other words, and it’s been slow-moving when it comes to cryptocurrency. Now it appears to be picking up the pace, however, spurred by Facebook’s announcement this month that it plans to issue […]
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Systems

Bundesbank Sees Dangers in Digital Central Bank Money

“Central banks must exercise caution in introducing digital currencies that could potentially destabilize the financial system during times of crisis, Bundesbank President Jens Weidmann said on Wednesday. Central banks around the globe are examining the benefits of digital money, spearheaded by the Swedish Riksbank with its e-krona pilot scheme, a potential response to the rapid […]
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On The Wires

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Systems

Wipro, R3 Build Blockchain-Based Solution Prototype to Power Digital Currency in Thailand

“Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, today announced that the company, in partnership with R3, the enterprise blockchain software firm, has developed a blockchain-based solution prototype to enable digital currency for interbank settlements for a consortium consisting of the Bank of Thailand […]