South Africa’s Central Bank Okays Financial Institutions To Serve Clients Using Crypto

Crypto adoption thrives where there is official approval. And a government agency approving the use of digital assets could help boost its expansion.  Financial institutions operating in South Africa and having crypto clients can now offer digital asset services. South Africa’s central bank has approved financial services providers to offer crypto services to their clients. […]

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Ripple Teams Up With Travelex To Unveil An Enterprise Crypto Payment Solution

The United States-based crypto firm Ripple has partnered with the foreign exchange platform, Travelex, to facilitate cross-border payments between enterprises. Accordingly, the new development would see Travelex utilize Ripple’s XRP token to process transactions in Brazil.  Meanwhile, Travelex will use RippleNet’s On-demand Liquidity (ODL) to facilitate payments between entities using XRP. The Brazilian Central Bank […]

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ECB Picks CBDCs Over Bitcoin For Cross-border Payments

Since the advent of digital currencies, various institutions have been exploring their potential. Various institutions, including central banks, have supported using these nascent technologies for payment. This is due to the ease of usage, speed, and financial inclusion it offers even to unbanked citizens. Meanwhile, central banks and other financial institutions are exploring the usage […]

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BTC Is A Web3 Catalyst – Director of Brazil’s Central Bank

The Director of Brazil’s central bank, Fabio Araujo, has lauded Bitcoin’s properties. He referred to the flagship currency as the catalyst for Web3 development.  According to the Director, BTC is a financial asset that uses modern technology. He made this statement while speaking at an event sponsored by a Business School in Sao Paolo. Furthermore, […]

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Israel Restricts Cash Payment To Increase Digital Payment 

Today, Israel has imposed further restrictions on the usage of cash for payment. The aim is to reduce the case of illegal activities and increase the usage of digital payment options. Israel Government Pushing Citizens To Embrace Digital Payment In January 2019, the government subjected Israeli consumers and businesses to cash payment limits. It also […]

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China Vows To Safeguard The Privacy Of Digital Yuan Users

China has been making headlines with its CBDC recently. The digital Yuan has received wide usage compared to other CBDCs globally. Meanwhile, the country has vowed to safeguard the privacy of those using the digital Yuan. This is due to recent criticisms from analysts. China To Prevent Illicit Usage Of The Digital Yuan According to […]

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PolySwarm’s CEO Calls For Usage Of Blockchain In Cybersecurity 

As technology continues to advance, the issue of cybersecurity becomes more crucial for companies. This is due to increased fraud and data theft going on the internet.  As a result, the CEO of PolySwarm firm, Steve Bassi, has called on firms to embrace blockchain technology for improved cybersecurity. PolySwarm’s CEO Highlights The Need For Blockchain  […]

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CBN Gov Accuse Commercial Banks Of Killing eNaira Adoption

After launching the eNaira about nine months ago, the adoption rate is still shallow. Meanwhile, the CBN (Central Bank of Nigeria) governor, Godwin Emefiele, blamed commercial banks for the low patronage. Additionally, he stated the banks do not like the idea of a CBDC. This is because the increased usage of the eNaira will not […]

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U.K. And U.S. To Collaborate On Crypto Regulation

According to the British Financial Conduct Authority (FCA), the United States and the United Kingdom will boost their cooperation on cryptocurrency regulation. The FCA noted that before now, most businesses would have argued for lesser regulation.  However, recent occurrences have changed their minds. Now, these investors value and recognize the fact that regulations exist to […]

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