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Grayscale: Central Bank Digital Currencies Will ‘Neither Replace nor Harm Scarce, Uncompromising Bitcoin’

Central bank digital currencies (CBDCs) pose no threat to Bitcoin’s value proposition, instead, they will spur its growth toward mass adoption.In a new report, Grayscale Investments said CBDCs will never replace BTC because unlike the top cryptocurrency, they can be inflationary and are open to manipulation by central banksCBDCs

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Visa Patent Filing Would Allow Central Banks to Mint Digital Fiat Currencies Using Blockchain

Visa looks to be laying the groundwork for a future in which fiat currencies, like the U.S. dollar, could be easily turned into a central bank digital currency (CBDC).The California-based payments giant, which processes upwards of 100 million transactions every day on average, has filed a patent application for a

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Binance Users Can Now Buy Crypto Using Debit Cards in 5 New Fiat Currencies

Cryptocurrency exchange Binance is enabling citizens in five further countries to buy cryptocurrency using Visa debit and credit cards with their national fiat currencies.The new service, announced April 10, will extend card support for the Colombian peso, the South Korean won, the Kenyan shilling, the Kazakhstani tenge and Peru’s

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BIS Calls for Central Bank Digital Currencies Amid Coronavirus Pandemic

The Bank of International Settlements (BIS) has issued a report arguing in favor of central bank digital currencies (CBDCs) and digital payments amid the COVID-19 pandemic.The bulletin published by the BIS, a 600-member international financial institution representing the central banks of 60 countries, urges central banks to consider developing CBDCs

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Binance P2P Adds Five New Fiat Currencies in Latin America

Cryptocurrency exchange Binance has rolled out peer-to-peer (P2P) crypto trading with five new Latin American fiat currencies. Users of the Binance P2P trading platform can now buy and sell cryptocurrency directly with Brazilian real (BRL), Argentine peso (ARS), Colombian peso (COP), Mexican peso (MXN) and Peruvian sol (PEN).Supported cryptocurrencies include

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BIS Paper Reckons With P2P Payments, Tokenized Securities, Central Bank Digital Currencies

Researchers at the Bank for International Settlements (BIS) are grappling with the future of payments – so much so that their newest quarterly report, released Sunday, is entirely dedicated to what that potential revolution holds.In its 138-page look at what lies beyond the financial horizon, the Swiss-based institution reckoned with

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Binance Adds 15 Fiat Currencies as Exchange Pushes Global Expansion

Binance has added payment support for 15 fiat currencies in a major push to corner local markets. The Malta-based cryptocurrency exchange announced Friday that users can now purchase cryptocurrencies with a longer list of supported fiat currencies through its integration with Israeli fiat payments processor Simplex. The new integration provides

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Circle Founder: Digital Currencies at Key Growth Moment as Governments Take Notice

Throughout the seven volatile years during which Circle founder Jeremy Allaire has been developing crypto products, he has consistently warned there's much work to do before the technology is ready for mass usage.Now, with governments starting to explore digital currencies, new stablecoin models emerging and big tech platforms like Facebook

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