Steve Kaaru

Article by Steve Kaaru

Zimbabwe launches new gold-backed currency, but age-old challenges remain
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12 April, 2024

Zimbabwe launches new gold-backed currency, but age-old challenges remain

It was the U.S. dollar and South African rand, and then Zimbabwe switched to a USD-backed bond note, then the...
Sony Bank explores yen-pegged stablecoin
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12 April, 2024

Sony Bank explores yen-pegged stablecoin

Sony Bank is working with Belgian startup SettleMint on a proof-of-concept, with the stablecoin set to be used in other...
Metaverse has critical role in medical tourism hitting $200B by 2027: report
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11 April, 2024

Metaverse has critical role in medical tourism hitting $200B by 2027: report

A report by Omnia Health says medical tourism faces challenges the metaverse can solve, such as stressful pre-travel arrangements and...
Financial industry bodies defend permissionless blockchains against Basel Committee’s classification
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11 April, 2024

Financial industry bodies defend permissionless blockchains against Basel Committee’s classification

Basel Committee on Banking Supervision published a report in December claiming that all permissionless blockchains are risky and banks must...
Hong Kong’s largest digital bank pursues stablecoin issuers
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11 April, 2024

Hong Kong’s largest digital bank pursues stablecoin issuers

ZA Bank will offer stablecoin issuers accounts for cash reserves and is exploring possibly custodying stablecoins and other digital assets...
PayPal users can now use PYUSD stablecoin to fund cross-border transfers
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10 April, 2024

PayPal users can now use PYUSD stablecoin to fund cross-border transfers

With circulation down by 40%, PayPal is exploring new use cases for its PYSUD stablecoin, and international remittances have emerged...