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How PayPal's PYUSD could change the crypto landscape - Fireblocks' Ran Goldi kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
Hashing It Out Episode 16 explores one of the most popular use cases for cryptocurrencies: payments. Elisha Owusu Akyaw is joined by Ran Goldi, vice president…
Crypto Custody Firm Fireblocks Acquires Payments Tech Platform First Digital for Reported $100M coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
Published July 1, 2021, 8:19 AM GCash, the Philippines’ undisputed no.1 mobile wallet app, provided the bright spot for Southeast Asia at this year’s Qatar Economic Forum, an international gathering of global business leaders, heads of state and policy innovators coming together to look forward as the world emerges from the economic shock created by the COVID-19 pandemic. The country’s leading mobile e-wallet elicited positive reactions for its strategic programs to provide financial access and solutions for all Filipinos, especially for the “unbanked” sectors, amid the ongoing COVID-19 pandemic and beyond. International forum lauds GCash grassroots programs During the virtual roundtable discussion entitled “Virtual Money: Reshaping Post-Pandemic Payment Technologies”, GCash president and chief executive officer Martha Sazon shared the exponential growth of GCash during the pandemic which is swiftly making the vision of financial inclusion a reality for Filipinos. Sazon highlighted that in January 2020, GCash had only 20 million users and this number ballooned to 40 million in April 2021, with users accessing the GCash app at least twice a day. She explained that wide access to GCash “encourages velocity of the movement of money and diversification of the use of cash. Because every transaction is just a tap away using GCash, it accelerates financial literacy. Filipinos are now more actively involved in decision making and in managing their finances.”
Facebook's replacement for Libra could launch within six months afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
By Will McCurdy 19/05/2021 Some experts believe a fundamentally different approach to the pound sterling could help the UK stay internationally competitive. Will McCurdy explores the potential effect of a central bank digital currency (CBDC) on the UK financial services industry, if it could help the City of London stay competitive, and what challenges its introduction might hold. In 2020, though almost everyone could tell you what a Bitcoin is, and in some circles almost anyone could tell you what a blockchain is, far less could tell you what a central bank digital currency (CBDC) is. What is a CBDC? Though anyone can hold cash, only banks can hold digital pound sterling. A digital pound would allow citizens and businesses to transfer money to each other without the use of a third-party bank as an intermediary. Which might be a worrying proposition for the UK, a country where the financial services sector is worth £132 billion – the ninth largest in the developed world as a proportion of national economic output in 2019.
First proposed in June 2019 with the name libra, the token was initially intended to be a universal currency tied to a basket of sovereign currencies such as the U.S. dollar and the euro. But after facing strong opposition from regulators around the world, the organization overseeing the project lost major backers including Visa and Mastercard. The group eventually watered down its plans, opting for multiple "stablecoins" backed one-to-one by different government-backed currencies, as well as one multi-currency coin. Now known as diem, the Facebook-backed digital coin is expected to launch later this year, albeit in a much more limited form. When it finally arrives, diem won't come with the same fanfare and controversy of the original idea envisioned by the social media giant nearly two years ago.