PYMNTS

MAY 16, 2020

patent on a computer system that would convert physical dollars and other fiat currencies into digital versions, complete with denominations and serial numbers and recorded via blockchain. The system would then remove the paper currency from circulation. A central entity may implement a monetary policy and issue currency.

Currencies 128

Currencies Securities Banking Numbers 128

PYMNTS

MAY 21, 2020

The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. Patent and Trademark Office that would create a digital currency underpinned by blockchain technology. A central entity may implement a monetary policy and issue currency.

Currencies 97

Currencies Banking Retail Accounting 97

PYMNTS

FEBRUARY 21, 2020

Sweden’s Riksbank is assessing e-krona, a new form of digital currency that hopes to take the country a step closer to the creation of the world’s first central bank digital currency (CBDC), according to reports on Thursday (Feb. The pilot will run until February 2021 and will use blockchain technology, the Riksbank said.

Currencies 105

Currencies Banking Math Economics 105

PYMNTS

OCTOBER 7, 2020

The Bank of Korea has said it plans to begin testing distribution of its digital currency next year, according to a report by The Korea Herald. The project isn't an indication that the Bank of Korea is officially launching a digital currency — just that it is testing how that would work.

Currencies 83

Currencies Banking Finance Technology 83

PYMNTS

JANUARY 20, 2020

Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. A CBDC would be denominated in the sovereign currency, and convertible at par with other forms of money.”. The Rewards.

Currencies 87

Currencies Retail Banking Financial Systems 87

PYMNTS

NOVEMBER 27, 2019

Beau wants to use distributed ledger technology (DLT), and France is considering a central bank digital currency (CBDC). The country’s central bank has supported the idea of DLT, and it hired a blockchain analyst to help with the implementation of a digital currency program. “As

Currencies 94

Currencies Banking Finance Technology 94

PYMNTS

JUNE 17, 2020

A growing number of nations are looking to develop digital versions of their currencies, and now there might be regional initiatives taking shape to target the U.S. The publication said China would back the new digital currency with a basket consisting of the Chinese yuan, Japanese yen, Hong Kong dollar and the South Korean won.

Currencies 89

Currencies Banking Accounting Numbers 89

PYMNTS

APRIL 10, 2020

Intimidated by the scale and cost of a massive technological overhaul, large financial institutions (FIs) may approach their digital transformation (DX) journeys gradually, targeting various areas of operations to modernize one-by-one. “Banks are technology companies,” Rio Tinto recently told PYMNTS.

Technology 144

Technology Banking Foreign Exchange Currencies 144

PYMNTS

SEPTEMBER 21, 2020

As China prepares to debut digital currency, JD.com Inc., one of the biggest eCommerce businesses in China, has partnered with the central bank to advance the technology. CoinTelegraph.com reported the retailer has entered into a partnership with the Digital Currency Research Institute of the People’s Bank of China (PBoC).

Currencies 56

Currencies Banking eCommerce Planning 56

Future CFO

JANUARY 31, 2021

India plans to introduce a law to ban cryptocurrencies such as Bitcoin and implement a framework for creating a national digital currency, according to a legislative agenda listed by the government. Various countries such as China, Japan, the US, Canada, Estonia, and Sweden have explored the development of their own digital currencies.

Currencies 52

Currencies Banking Technology Planning 52

PYMNTS

APRIL 23, 2020

Business payment and accounting solutions provider Gilded said that digital currency data provider CoinMarketCap has implemented its cryptocurrency payment technology, according to an announcement. Our solution puts digital currency payments and accounting on autopilot, so businesses can focus on innovation and growth.”.

Technology 78

Technology Invoicing Currencies Leverage 78

PYMNTS

FEBRUARY 20, 2020

FinTech Paysend is introducing Global Account, its international, fee-free mobile money account with a multi-currency wallet, to European users, the company announced on Thursday (Feb. The Global Account offering aims to save people as much as £2 billion in currency conversions when buying abroad.

Currencies 75

Currencies Accounting Investments Marketing 75

PYMNTS

JULY 1, 2020

The ethics decision came down because of the increasing prominence of digital currency, with the District of Columbia Bar finding it “cannot hold back the tides of change.” ” The opinion also noted that the IRS treats cryptocurrency more as a property than as a currency for tax purposes.

Currencies 78

Currencies Economics Finance Technology 78

Future CFO

DECEMBER 16, 2021

CFOs must be aware of cases and risks of digital currencies as 20% of large organisations will use them by 2024, said Gartner recently. Gartner recommends that organisations first clarify specific use cases for digital currencies before evaluating appropriate IT stacks to incorporate them within the enterprise.

Currencies 52

Currencies Auditing CFO Leverage 52

CFO News Room

JANUARY 18, 2023

Weeks before cryptocurrency exchange FTX filed for bankruptcy , dozens of young Nigerians in skintight dresses and brightly colored suits shimmied under limbo bars, posed for photos in front of the company’s logo and sipped expensive liquor at a swanky beachfront venue.

Currencies 100

Currencies Marketing Technology Investments 100

Future CFO

AUGUST 14, 2022

What are the key themes when it comes to emerging technology trends? According to the 2022 Gartner Hype Cycle for Emerging Technologies, they include immersive experiences, accelerated AI automation, and optimised technologist delivery. Emerging technology trends: Three themes . Evolving and Expanding Immersive Experiences.

Technology 52

Technology Currencies 52

PYMNTS

FEBRUARY 5, 2020

The United States Federal Reserve is examining the possibilities and issues surrounding cryptocurrencies and digital payments, which include whether there would be a benefit to the agency issuing a digital currency , according to a report by Reuters.

Currencies 52

Currencies Banking Finance Technology 52

PYMNTS

JANUARY 21, 2020

And now, for digital currencies, it’s a group effort — among central banks, that is. Up until now, the explorations and considerations of digital currencies — as would be, potentially, issued by central banking systems to bring fiat into digital form — has been done on a country-by-country basis. But as reported Tuesday (Jan.

Currencies 57

Currencies Banking Economics Finance 57

PYMNTS

DECEMBER 4, 2019

4), with separate reports noting that the collaboration aims to deploy a digital currency for B2B payments. Citing The Japan News, reports said MUFG and Recruit are working together to develop a digital currency that would first be tested for smartphone consumer payments, with plans to expand the technology into B2B payments use cases.

Currencies 52

Currencies B2B Banking Economics 52

PYMNTS

JANUARY 27, 2020

Instead of making its own digital currency, the deputy, Zhu Min, is asking Xi to reconsider rushing that process. 26) reported that the debate on whether China should issue its own currency has been going on for some time now. hearing last October. China has actually been looking at making its own CDBC since 2014.

Currencies 57

Currencies Banking Technology 57

PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).

Currencies 57

Currencies Banking Retail Accounting 57

Musings on Markets

JANUARY 27, 2021

In this post, I will take a look at these other markets, starting with a way of dividing investments into assets, commodities, currencies and collectibles that I find useful in thinking about what I can (and cannot) do in those markets, and then reviewing how these markets performed during 2020. Currencies : A currency serves three functions.

Currencies 52

Currencies Investments Marketing Treasury 52

Future CFO

JUNE 16, 2021

Skills have become the new currency of workforce and talent strategies, as more than half of organisations that responded to the 2021 Mercer Global Talent Trends survey target upskilling and reskilling of critical talent pools to drive workforce transformation, Mercer said recently. Vicki Fan, CEO, Hong Kong, Mercer said.

Currencies 52

Currencies Benchmarking Investments Planning 52

PYMNTS

SEPTEMBER 9, 2020

Blockchain firm Digital Currency Group (DCG) has bought the Luno cryptocurrency exchange, which it will keep running as an independent subsidiary, according to a Wednesday (Sept. based company offers digital asset instruction, investment technology and information for people in Europe, Asia and Africa. 9) announcement.

Currencies 60

Currencies Economics Investments Numbers 60

PYMNTS

JULY 14, 2019

After hitting the 500,000 user mark, currency exchange service WeSwap has rolled out a Seedrs crowdfunding round. According to its Seedrs page , the WeSwap app along with Mastercard enables users to swap currency with others via a peer-to-peer technology, track rates, send money to friends and spend money around the world.

Currencies 65

Currencies Valuation Investments Planning 65

PYMNTS

MARCH 3, 2020

The blockchain for the Marshallese sovereign (SOV) digital currency will be developed with Algorand technology, according to an announcement. Algorand created a permissionless, open source and pure proof-of-stake blockchain technology. This partnership ensures that the SOV will be built on a scalable and secure platform.”.

Currencies 67

Currencies Planning Compliance Securities 67

Future CFO

FEBRUARY 24, 2021

China, Hong Kong, Thailand, and the UAE will test central bank digital currencies in cross-border payments, according to a recent statement by the Hong Kong Monetary Authority (HKMA). The post China, HK, Thailand and UAE to test digital currency transactions appeared first on FutureCFO.

Currencies 40

Currencies Foreign Exchange Compliance Banking 40

PYMNTS

MAY 13, 2020

The Bank of Mauritius is progressing toward providing a central bank digital currency (CBDC) per its governor, CoinDesk reported. Seegolam noted that any digital currency would need to be distributed via the current banking system to steer clear of the risk of putting the island’s financial system in an uneven position.

Currencies 61

Currencies Banking Forecasting Financial Systems 61

PYMNTS

AUGUST 19, 2019

According to the application’s background section per the outlet, a need is present for a better digital wallet infrastructure as private keys can be misplaced and third parties don’t allow users to have complete control when it comes to their currency.

Currencies 77

Currencies Transportation Securities Banking 77

PYMNTS

JULY 10, 2020

Stablecoins, the virtual currencies which seek price stability, could be the next target for money laundering and terrorist financing, a report found. The group said it was worried that the potential widespread adoption of stablecoins would be outside regulatory agencies and make it easier for criminals to break the law with the currency. “If

Currencies 56

Currencies Benchmarking Finance Economics 56

PYMNTS

FEBRUARY 5, 2020

Although physical money is being used less and electronic currency is being touted by private entities, there is “clear hesitation” from the top worldwide central banks to launch their own, Noyer told the Financial Times (FT) on Tuesday (Feb. Noyer left BoF in 2015 after serving as governor for 12 years until 2015.

Currencies 56

Currencies Banking Accounting Technology 56

PYMNTS

NOVEMBER 3, 2019

FinTech company SPEZA announced that it will be able to accept China’s Digital Currency Electronic Payment (DCEP), the world’s first sovereign digital currency. The digital asset solutions provider, exchange operator and regulator, based in Malaysia, will also accept all major digital assets listed on SPEZA Digital Asset Exchange.

Currencies 40

Currencies Economics Banking Technology 40

PYMNTS

AUGUST 3, 2020

The store marks a new chapter in retail technology, social retail and social currency all at the same time. The Burberry-Tencent venture could be the most high-profile use of social currency in retail. On Friday (July 31), the company opened a new concept store in Shenzhen, China, which is an important market for the brand.

Currencies 50

Currencies Retail eCommerce Accounting 50

PYMNTS

JANUARY 18, 2021

dollar will remain strong on the international stage and won’t be surpassed by bitcoin anytime soon, although it could be a veritable reserve currency, CoinDesk reported. dollar as the world’s major reserve currency,” Harper said in an interview with Cambridge House’s Jay Martin, according to CoinDesk. Unless the U.S.

Currencies 63

Currencies Accounting Banking Numbers 63

PYMNTS

MARCH 31, 2020

The startup’s head of product, Conor Allen, was State Street’s senior vice president of enterprise data in the past, while former State Street executive Greg Haskins is the chief technology officer. Lingham continued, “Together with Coincover, we’re now ensuring that Civic Wallet users have this unique protection.”.

Technology 77

Technology Currencies Startups 77

PYMNTS

OCTOBER 27, 2019

According to the law, “the state encourages and supports the research and application of the science and technology in cryptography and protects the intellectual property rights in cryptography.”. The announcement came one day after Chinese President Xi Jinping called on the country to seize opportunities in blockchain technology. .

Currencies 43

Currencies Banking Securities Technology 43

PYMNTS

SEPTEMBER 9, 2019

Black-market money changers are expected to return in Argentina following the government’s recent rollout of currency controls in an attempt to quell the demand for foreign currency, the Financial Times reported on Sunday (Sept. These currency controls are a bad sign for foreign investment,” a foreign executive told the news outlet.

Currencies 40

Currencies Marketing Investments Technology 40