Better to get it right than to be first with CBDC, says US Fed chair

The US already has a “safe and active dynamic domestic payment system,” Powell argued. The United States will not be issuing a digital dollar until the Federal Reserve resolves all questions around a potential central bank digital currency, or CBDC, according to the Fed's chairman, Jerome Powell. Powell claimed that he is not worried about other countries having a first-mover advantage when it comes to issuing CBDCs. Speaking at an Oct.

Jax.Network Addresses Crypto Scalability Issues, to Create A Decentralized Consumer Payment System

It has been more than a decade since the first cryptocurrency, Bitcoin came into existence.

RUSH, A Revolutionary Crypto Payment System Backed by Real-world Assets

Over the last decade, the definition of payments has drastically changed, with the good old currency notes taking the back seat as more and more people flock towards electronic payments.

What is Ripple (XRP)?

Founded by RippleLab’s Chris Larsen and Jed McCaleb and released in 2012, Ripple is a global payment system that leverages open-source distributed ledger technology.

Why the Lightning Network is so underrated

Bitcoin was introduced as digital electronic cash, however, to make it a viable payment system, the network needs faster transaction processing.

Stablecoins May Threaten EU Market Integration And Interoperability - ECB

Out of three potential stablecoin scenarios, two could potentially lead to concerns for EU market integration and interoperability, as well as to risks to financial stability, therefore affecting safety and efficiency of the payment system, according to the European Central Bank (ECB). In their recent report, the ECB Crypto Assets Task Force said that stablecoins may fall

Investment Firm Blockchain Capital Joins Libra Association

One of the oldest venture firms in crypto has joined the Libra Association and will provide expertise and guidance on the launch of its payment system.

Geopolitical fallout of central bank digital currencies

China might lead the charge into the digital economy, but will being the first major economy to launch a CBDC be enough to win global reserve currency status? China’s Digital Currency Electronic Payment system is at the forefront of news around central bank digital currencies, or CBDCs.

South Korean City To Issue Blockchain-Based Payments Aimed At The Elderly

A city in South Korea is working to develop a blockchain-based payment system that will help its elderly people handle contactless payments.

Enter Facebook Financial: All Bases Covered From Crypto to Stablecoins

There are multiple ways to approach digital payments, and Facebook wants to cover them all. Despite regulators across the board giving a cold shoulder to Facebook’s ambitious plan to install a worldwide crypto-based payment system called Libra, the company’s enthusiasm for moving into the digital payments space is only mounting.

Bank of England Chooses Accenture To Rebuild UK Payment System

Accenture has won a tender with the UK’s central bank to assist in building the UK’s new RTGS (real-time gross settlement) service.

Economics of Bitcoin payment System

Cryptocurrencies have been attracting attention from industry, academia, and the general public.

Developer Reveals Layer-Two Private Messaging and Payment System on Bitcoin Cash

On July 4, 2020, the Bitcoin Cash proponent Cain published an interview with the blockchain developer, Shammah Chancellor, about a new project called Stamp Chat.