BIS Release Results of Survey on CBDCs and Cryptocurrency
94% of central banks are actively exploring the development of a central bank digital currency (CBDC), and the results from an extensive survey performed by the Bank for International Settlements (BIS) involving 86 central banks highlights a significant increase in experiments and pilot programmes, particularly in advanced economies, with a notable rise in activity among […]
TRON to Introduce Gas-Free Stablecoin Transfers by Year-End
Justin Sun, the founder of TRON, has announced a notable advancement in the blockchain realm: gas-free stablecoin transfers. This feature is scheduled to be available on the TRON blockchain by the end of this year. The new technology aims to eradicate transaction fees for users, enhancing the accessibility and efficiency of stablecoin transfers. Sun envisions […]
How Star Wars and Star Trek Got The Future of Money So Wrong! | Poundcast Episode 17
In episode 17 of the Poundcast, we are thrilled to host technologist and thought leader Dave Birch. With a rich background in secure communications and financial services, Dave shares his insights on the evolution of money from physical forms to digital assets. We delve into the historical context of money, discuss the role of digital […]
Insights from Ripple’s President: SEC Battles, Payment Innovations, and Stablecoins
In a recent episode of ‘The Scoop Podcast’ by The Block, Monica Long, President of Ripple, offered a detailed discussion about the strategic movements of Ripple, especially in relation to XRP and the company’s new venture into stablecoins. Monica Long elaborated on how the clarity obtained from last July’s U.S. court decision—which confirmed XRP is […]
Ripple Complete Key Acquisition in Preparation to Launch USD-Backed Stablecoin
Earlier this year, Ripple announced its intent to acquire Standard Custody & Trust Company, a regulated digital asset custodian. Following regulatory approval, Ripple announced that the acquisition is now complete, and they have concurrently appointed Jack McDonald, CEO of Standard Custody, as Ripple’s Senior Vice President of Stablecoins, bringing extensive experience in investment banking, asset […]
Insights from Ripple’s 2023 Trends in Regional Payments Report
Source: Ripple The global payments industry is evolving at an unprecedented pace. The race is on to stay ahead of dramatic shifts in consumer preferences, regulatory changes, and technological innovations. A consistent theme across these advances is the use of modern payment solutions, including blockchain-enabled payments, to realize faster, more inclusive, and transparent customer experiences. […]
IMF Paper Addresses Cross-Border Payments Benefits and Challenges Using CBDCs
As central banks worldwide continue to contemplate the issuance of central bank digital currencies (CBDC), a recent paper from the International Monetary Fund (IMF), written by André Reslow, Gabriel Soderberg, and Natsuki Tsuda, explores the potential benefits and challenges of implementing retail CBDCs for cross-border payments. The paper emphasises the importance of factoring in cross-border […]
Stablecoins Coming to Bitcoin’s Lightning Network, CEO Elizabeth Stark
Lightning Labs is making headway in introducing stablecoins to the Bitcoin network. This advancement comes through the utilisation of Bitcoin’s Taproot upgrade, which was rolled out in late 2021. Elizabeth Stark, CEO of Lightning Labs, shared these insights during her presentation at FT Live’s Crypto and Digital Assets Summit in London. At the summit, Stark […]
Making CBDCs work for offline payments
Source: Quant In this article, we explore some of the key challenges associated with offline payments, why they must be an integral part of any central bank digital currency project and how to ensure that – while offline – they are secure and resilient enough to protect against cyberthreats and other financial crime. What are […]
Coinbase Announces Plans to Introduce Canadian Dollar Stablecoin
Coinbase has announced plans to introduce a stablecoin tied to the Canadian dollar on its platform. This move follows shortly after the company received a license to operate in Canada. The exchange revealed on Twitter that it plans to add QCAD to its list of offerings. QCAD is a stablecoin pegged to the Canadian dollar, […]
