Payments News » Digital currencies

Cash May Not Be King, but It’s Still Royalty

January 31 2020

“Yet digital’s gain isn’t necessarily coming at the expense of cash. The overall pie still appears to be growing. Only two countries, Russia and Sweden, had a net substitution of cards for cash from 2007 to 2016, with cash in circulation shrinking as card payments grew, according to the Bank for International Settlements. In other […]

Reports

Deutsche Bank Says Digital Currencies Could Be Mainstream in 2 Years – CoinDesk

January 28 2020

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Digital currencies

“Published Monday, the Deutsche Bank report said digital currencies, while only a decade old, have already been shown to have the “potential to radically change payments, banking, central banking and the balance of economic power.” “We believe a new digital currency could become mainstream within the next two years,” according to the report, with both […]

Systems

Mastercard CEO Explains Why Facebook’s Libra Project Was Abandoned

February 4 2020

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Digital currencies

“Now, Mastercard CEO Ajay Banga has explained why. In an interview with the Financial Times , the chief executive said that while he liked the idea, there were concerns not only related to compliance, but also the overall business model. After raising the issues of due diligence and compliance with local laws — a tall […]