Bank of Canada says no to retail CBDC in reshuffling of priorities

Regulating and speeding up payments without a CBDC are more important to the Canadian central bank.

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India amasses 5M central bank digital currency users

India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions.

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PBOC and HKMA Sign MOU on Cross-Boundary Payment System Linkage

The PBOC and HKMA have signed a Memorandum of Understanding to link payment systems between Mainland China and Hong Kong. (Read More)

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Hong Kong Monetary Authority Announces FPS Downtime for System Enhancement

Hong Kong Monetary Authority plans a system enhancement for the Faster Payment System (FPS) on August 18, 2024, causing a temporary service outage. (Read More)

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Peru adopts Indias UPI system to boost financial inclusion

The Indian instant payment system is gradually making its way around the world.

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EAEU Official Urges BRICS and SCO for Joint Use of Digital Currencies, New Payment Card

Three integration unions with Russian participation, BRICS, SCO, and the EAEU, should adopt joint policies on the use of digital currencies, according to a top representative of one of them. He also believes the international organizations should develop a new payment system with its own bank cards. BRICS, SCO, and EAEU May Launch Common Payment

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Defiway, perfect tool for crypto investment

Defiway is a well-designed platform designed for the crypto investors and traders. Here, you will find a wide range of services to trade, stake, lend, borrow your tokens.

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China, Russia Urged to Speed Up Creation of ‘Cutting Edge’ Payment Infrastructure for BRICS and SCO Currencies

The chairman of Russia’s national economic development institution VEB.RF has urged China and Russia to speed up the establishment of a new, “cutting-edge” payment system for currencies of Shanghai Cooperation Organization (SCO) and BRICS nations. “Our relations with China keep getting stronger,” said Russia’s prime minister. Shuvalov Discusses New Payment System for BRICS and SCO [...]

The post China, Russia Urged to Speed Up Creation of ‘Cutting Edge’ Payment Infrastructure for BRICS and SCO Currencies appeared first on Crypto Breaking News.

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Ripple Clinches Major Payments Institution License in Singapore: XRP To the Moon?

This landmark development indicates an exponential boost in Ripple's credibility. Let's take a look at this XRP to the moon article.

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Russia ‘Actively’ Working on SWIFT Alternatives, Foreign Ministry Official Says

The Russian Federation is collaborating with partners to link payment systems alternative to the interbank messaging system SWIFT, a representative of the country’s Ministry of Foreign Affairs announced. The work is part of the de-dollarization of the economy, the official indicated. Russia Seeking to Substitute SWIFT in Trade as Part of De-dollarization Policy The Russian [...]

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Bank of Mexico Creates Conditions for the Launch of CBDC

Mexico anticipates that by 2024 it will be able to launch the digital Mexican peso.

Continue reading Bank of Mexico Creates Conditions for the Launch of CBDC at DailyCoin.com.

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Multi crypto payment gateway development for startups

With the extreme growth of cryptocurrencies in the crypto market, from top commercial businesses to street-end markets are now accepting crypto as their payment. To make it happen, they need to have a payment gateway that accepts crypto which is called a Crypto payment gateway. Out of many kinds of crypto payment gateways, the multi-crypto […]

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Has crypto payment become a business necessity?

As the number of crypto users increases, the crypto space is moving towards an optimistic future. This transformation made many businesses, owners and banks to accept cryptocurrencies as a payment option. The key priority for all businesses is that they should serve faster, secure, and transparent payment transactions. This made cryptocurrency payment gateway providers come […]

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Indonesia Introducing New National Payment System to Protect Against ‘Geopolitical Consequences’

Indonesia is introducing a new national payment system as the country furthers its de-dollarization efforts and protection against “possible geopolitical consequences.” The new payment system will replace Visa and Mastercard in state-owned institutions and companies, a top central bank official said. “We expect that very soon it will become widespread.” Indonesia Establishes New National Payment

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Google Wallet, Apple Pay Eyeing to Obtain BSP License to Enter PH

BSP is in talks with Google Wallet and Apple Pay about entering the Philippine payments system, potentially offering more payment options to users.

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Central banks favor legacy instant payment systems over CBDCs

TradFi looks safe on the international payments market for the foreseeable future, despite advances in blockchain solutions.

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Payments Giant Stripe Brings Crypto Services to Aptos as Circles USDC Stablecoin Launch on the Network

Payments firm Stripe is expanding its crypto products to layer-1 blockchain Aptos (APT) and stablecoin issuer Circle plans to bring its flagship stablecoin, USDC, to the network, ecosystem development organization Aptos Foundation told CoinDesk on Thursday. Until now, USDC has been available on the network only in a bridged version. The stablecoin company will also

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Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments

Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and government money market fund services, with bitcoin custody pending launch. The launch comes after overcoming regulatory pressures and [...]

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BIS Survey: 93% of Central Banks Engaged in CBDCs, 15 Retail and 9 Wholesale CBDCs Expected by 2030

The Bank for International Settlements (BIS) has released a survey revealing that 93% of central banks are now engaged in some form of Central Bank Digital Currency (CBDC) work, with retail CBDCs taking the lead over wholesale CBDCs. (Read More)

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‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network

The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward eliminating any form of payment, including [...]

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