Cryptocurrency Analysis and News Portal
China’s digital currency approach will be favoring international payments and domestic retail system, a former senior official said.Zhou Xiaochuan, the president of the Chinese Finance Association and former governor of the People’s Bank of China (PBoC), outlined two types of implementations of central bank digital currencies (CBDCs) speaking at
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“There are two goals for international digital currencies,” Zhou said. “The first one, which is also what China envisions is to develop digital payment and its use for retail system in the country, while the other goal is to cross-border payment for international financial institutions.” Source
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There are more than 60 contributors to the Celo project internationally, including the World Bank Group and the UN; tech firms like Google, Square, Microsoft and Apple; financial companies such as PayPal and Morgan Stanley; and academics from MIT, Stanford, Harvard and Berkeley. Source
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Swiss-based email service, ProtonMail, has revealed on Nov. 16 that it hasn’t cashed in any of the Bitcoin (BTC) it has accepted as payment for its premium service in years. The tweet was in response to a customer who complained that he felt guilty for spending Bitcoin ion a ProtonMail
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French payment firm Ingenico has partnered with Singapore-based crypto startup Pundi X to enable its customers to receive payments in crypto using smartphones. Pundi X has integrated its point-of-sale payment gateway (XPOS) into Ingenico’s mobile portable POS solution APOS A8, the firm announced on Nov. 12. Through this partnership, merchants
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Switzerland has become one of the first countries to develop systems to launch payment services in cryptocurrencies. Once successful, the system will then be spread across Europe to normalize use of cryptocurrencies for everyday transactions by the citizens.To achieve this goal, Bitcoin Suisse and Worldline are the first crypto firms
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Before we start XRP nor Ripple are explicitly mentioned here, however, Ria Money Transfer is a big RippleNet partner and has joined PayPal’s payment service Xoom. We are particularly excited because the move includes a major partnership not only with Ria but also Walmart whose Ripple connection featured last week. At Ria,
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In a press release yesterday supermarket Goliath Walmart announced international payments in collaboration with RippleNet partners Ria and MoneyGram. Walmart has a yearly revenue of half a trillion and was founded in 1969 by the Walton family, with nearly 12,000 in 27 countries under 55 different names. MoneyGram & Walmart have worked
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A new mainstream commercial has landed for TransferGo’s international payments service which uses RippleNet to settle faster at a far cheaper rate. TransferGo currently has 1.3 million active users who regularly send a lot of money to loved ones back home in India and a growing list of payment corridors. We’re delighted
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According to Ripple, XRP is 1/10th as volatile as fiat for cross-border payments. The current SWIFT system is so slow it exacerbates international payment risk. XRP payments clear so fast that the exchange rate risk is negligible. The math busters over at Ripple have crunched the numbers and conducted a study that concludes
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