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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 […]

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Systems

Cryptocurrency XRP Tumbles 24% After U.S. SEC Charges Ripple

December 23 2020

• in
• Math-based Currencies

“Cryptocurrency XRP XRP=BTSP tumbled 24% on Wednesday after the U.S. Securities and Exchange Commission (SEC) charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering. XRP, the third-biggest cryptocurrency by market value, dropped to as low as $0.33, its weakest in a month, after the announcement from the SEC, which also saw […]

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Systems

Coinbase Lists Controversial Cryptocurrency XRP, Price Jumps 10%

February 26 2019

• in
• Math-based Currencies

“Coinbase plans to add XRP, one of the world’s most controversial cryptocurrencies, to the list of virtual coins traded on its exchange, the company said Monday. XRP is a digital asset tied to a blockchain ledger that’s used for cross-border payments. The virtual coin has provoked controversy for its tangled history with Ripple, a startup that owns the vast […]

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Systems

What the world’s central banks are saying about cryptocurrencies

January 29 2018

• in
• Math-based Currencies

“The guardians of the global economy have two sets of issues to address. First is what to do, if anything, about the growth of the private cryptocurrencies that are grabbing more and more attention for a host of reasons: security concerns after a $500 million exchange hack in Japan, volatile price moves and—in the case […]

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Systems

Russia and Venezuela’s Plan to Sidestep Sanctions: Virtual Currencies

January 4 2018

• in
• Math-based Currencies

“Russian and Venezuelan officials are hoping virtual currencies can help their countries make an end run around American sanctions. Both governments, with ambitions to create state-sponsored cryptocurrencies, are looking to take advantage of the promise that Bitcoin introduced to the world financial system: a new kind of money and financial infrastructure, outside the control of […]

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Systems

Fed’s Quarles says digital currencies pose financial stability risks

November 30 2017

• in
• Math-based Currencies

“In a speech, Quarles also said central banks should be cautious in issuing their own digital currencies, and that the matter requires extensive review. He said he was “particularly concerned” potential central bank digital currencies could face issues related to money laundering, terrorism financing, and cyber attacks.”