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Systems

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

January 31 2020

• in
• ACH
• Bitcoin
• Cards
• Cash
• Central bank digital currencies (CBDC)
• Checks
• Cryptocurrencies
• Digital currencies
• Ethereum
• Faster payments
• Immediate Funds Transfer
• Math-based Currencies
• Mobile Money
• National infrastructure
• Real-Time Payments
• RTGS
• Supply chain
• Wires

“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 […]

On The Web

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Reports

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

January 28 2020

• in
• 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 […]

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Systems

Mastercard CEO Explains Why Facebook’s Libra Project Was Abandoned

February 4 2020

• in
• 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 […]

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Deals

Ripple Strikes Three New Deals in South Korea to Improve Remittances

February 26 2020

• in
• Digital currencies

“Ripple has added three new customers in South Korea who will utilize its blockchain-based payments network RippleNet. The deals have been signed with money transfer firms Sentbe, Hanpass and WireBarley, Ripple announced Tuesday. These firms aim to facilitate faster and cheaper cross-border payments via RippleNet. Sentbe focuses on the South-and Northeast Asia corridor, including the […]

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Systems

Payments Will Become User Experiences & Platform Play: PayPal CTO – ETtech

March 9 2020

• in
• Digital currencies

“The idea of a single global currency — instead of multiple ones such as the dollar, pound and euro, to name a few — may seem farfetched now, but progress in digital payments will make it possible. However, various stakeholders — governments, regulators, companies and customers — will have to come together to make it […]

On The Wires

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Systems

Uphold Launches World-First Multi-Asset Account and Debit Card

March 6 2020

• in
• Debit cards
• Digital currencies

“Uphold, a leading digital money platform that has powered more than $5 billion in transactions across 180 countries, today announces the world’s first multi-asset account with an affiliated debit card that allows users to seamlessly convert multiple funding sources, including Bitcoin, XRP, BAT, and Gold into fiat currency, to spend everywhere Mastercard is accepted, as […]